http://cache.jalopnik.com/assets/base/img/thumbs140x140/jalopnik.com.png http://jalopnik.com/tag/new gm http://jalopnik.com/tag/new gm GM claims they posted a quarterly profit of $865 million. Key word: claims. [NYTimes] More »
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A study by the obviously pro-government National Taxpayers Union claims each new GM vehicle costs the average taxpayer $12,200. Their bizarre assumptions and our analysis below. More »
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The "New" GM released a quarterly "preliminary managerial result" this morning and despite being not in any way comparable with the pre-bankruptcy GM, they're certainly illustrative of the enema-like cleansing effect of bankruptcy. More »
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The "New" GM will try to play the Lee Iacocca PR card by repaying $6.7 billion — of a total of $50 billion in government loans — ahead of the scheduled repayment date of July, 2015. More »
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GM's new chairman Ed Whitacre first made a splash pointlessly starring in a new GM commercial. Now GM's been forced to send out a release about an unimportant speech the Chief Self-Promotional Officer's giving at Texas Lutheran University. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5401642&view=rss&microfeed=true GM plans an IPO next July. The "New GM," not the old one. [NYT] More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5333820&view=rss&microfeed=true GM's newly-re-employed "Maximum" Bob Lutz will be on CNBC at 4 PM EST. Watch it. More »
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We always hear complaints about the new car buying process being antiquated and "old n' busted." GM's apparently seeking to change that as it emerges from bankruptcy by partnering with eBay for new car auctions. More »
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According to the AP, the logo for the "New GM" (now called "General Motors Company") may change from blue to green to show Congress and the President consumers it's greener and focused on fuel efficiency. UPDATE: It's not gonna happen. More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5311706&view=rss&microfeed=true GM CEO Fritz Henderson's press conference starts at 9 AM here. We'll be twittering here. More »
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According to Automotive News, GM's once-outgoing product czar's decided to stay on with the "New GM" as head of a newly-consolidated marketing and communications empire. Apparently, his Letterman interview was just that good. More »
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A federal judge approved GM's plan late Sunday to sell its best assets to a new, government-backed company — "New GM" — a crucial step in completing the automaker's trip through bankruptcy court and, you know, not liquidating. [NYT] More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5308094&view=rss&microfeed=true "New GM" sale may be approved in bankruptcy court today. Follow along on Twitter here. More »
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As part of an already-announced move designed to slim down U.S. non-union employees 15% to 23,500, GM plans to eliminate 4,000 U.S. salaried employees via buyouts and retirement incentives by October 1st. [Bloomberg] More »
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While watching a CBS News segment on the future of GM, we noticed something lurking in one of the design studio shots. Could this be the next-gen Buick Enclave or are our eyes deceiving us? More »
]]> http://jalopnik.com/index.php?op=postcommentfeed&postId=5285106&view=rss&microfeed=true GM salaried retiree benefits cut by two-thirds as part of "difficult changes." [TheDetroitBureau] More »
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Edward E. Whitacre, Jr., former chairman and CEO of AT&T, will become chairman of the "New GM" when launched later this summer. He will succeed Kent Kresa, another old, white man currently serving as interim chairman. Full release below. More »
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Yesterday, CNBC inter-spliced their GM bankruptcy coverage with happier moments from the General's past (i.e., the 1950s). Either they were mocking GM or Kudlow was having another coke-fueled fantasy of Erin Burnett in an apron baking lasagna. [CNBC] More »
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GM CFO Ray Young told a media conference call today that the new privately held company won't have to disclose financial statements. Instead, it will be up to shareholders to decide. You know, like the American people. Do American taxpayers get to vote? We say disclose. What say you? More »
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