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Carpocalypse
GM CEO Fritz Henderson Confirms Former Boss Asked To Step Down By Obama
During bankruptcy testimony earlier today, GM CEO Fritz Henderson confirmed initial reports that former CEO Rick Wagoner being asked to step down by Steve Rattner, head of the President's auto task force, in a one-on-one meeting. -
Carpocalypse
"New GM" sale may be approved in bankruptcy court today. Follow along on Twitter here.
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detroit
Abandoned Detroit Packard Auto Plant Catches Fire
Detroit's Packard Plant once built the finest automobiles in the world. It's been vacant for years. This spring, the security guards were finally pulled and as expected, looters pillaged it. Now the arsonists have moved in. Gallery below. More » -
Carpocalypse
GM Says Goodbye To Toyota Partnership, Ships NUMMI To "Old GM"
The demise of Pontiac and the joint-venture Vibe left GM's side of the partnership with Toyota at California's NUMMI assembly plant in question. Until now. GM released a statement saying NUMMI is totally "Old GM." Full release below. More » -
Carpocalypse
Carpocalypse Deals Especially Harsh Blow To American Black Middle Class
The Second Great Migration sent millions of African-Americans from the South to the Midwest, where good jobs in the automotive industry helped them join the ranks of the middle class. What happens now?
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Carpocalypse
China Doesn't Want Hummer Either
The Chinese company planning to buy Hummer has apparently met resistance from the Chinese government over environmental concerns. Oh wow, is it opposite day already? (Hat tip to Mathais!) [BBC] More » -
Carpocalypse
GM To Build New Small Car In
Busting the conventional wisdom it takes a third world to build a profitable small car for the first world, the AP's Tom Krisher broke news GM will build its new small car in Michigan. Wait, Michigan's still considered "first world?"ChinaLake Orion, Michigan! -
Carpocalypse
President Obama Signs Cash For Clunkers Bill Into Law
It's official, the Cash For Clunkers bill is now the law-of-the-land. For more information on how this bill works (or doesn't), check out our handy Cash For Clunkers Guide. [U.S. News, Getty Images] -
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Carpocalypse
GM To Lay Off 4,000 White Collar Workers By October 1st
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] -
Carpocalypse
Coachbuilder Karmann Closes Doors After 108 Years
The Carpocalypse takes another as coachbuilder and contract car manufacturer Karmann has closed its doors after 108 years of existence, a Mercedes-Benz CLK the final vehicle to roll off the bankrupt companies assembly lines. [StraitsTimes] -
Carpocalypse
Chrysler Better Have GM's Two-Mode Hybrid Money
GM wants Chrysler to pay-up on the two-mode hybrid transmission developed jointly with Daimler and BMW. Apparently Chrysler owes $531,275 on the project, and ain't nobody gonna get one over on the General. [PickupTrucks.com] -
Carpocalypse
Akio Toyoda takes over as President of Toyota today. Good luck with that. [Bloomberg]
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Carpocalypse
GM Kills Vibe Early, Can't Quit NUMMI
The irony of Toyota building the last Pontiac was perhaps too much for GM, consequently, they've decided to axe the Vibe in 2009. However, GM is still searching for a way to build products at NUMMI with Toyota. More » -
cash for clunkers
Senate Passes Watered-Down Cash For Clunkers Bill, Heads To President Next
In a 91-5 vote, the U.S. Senate passed a scaled-back $1 billion "Cash For Clunkers" bill. Democrats beat back a Republican attempt to strip the proposal from a $106 billion military spending package. President Obama's expected to sign it. [AutoNews] -
Carpocalypse
Chrysler Kills Diesel Engines For Dodge Ram 1500 Pickups
Our friends at PickupTrucks.com uncovered a motion filed by Chrysler in bankruptcy court earlier this week, that indicates the bankrupt automaker's killed its heavily-anticipated light-duty diesel engine for the half-ton Dodge Ram 1500. At least temporarily. More » -
Carpocalypse
U.S. House Narrowly Passes Watered-Down Cash For Clunkers Bill
The U.S. House narrowly passed the scaled-back version of the "Cash For Clunkers" bill giving consumers cash vouchers of between $3,500 and $4,500 if they trade in their cars for newer vehicles. More » -
Carpocalypse
The Obama administration's reportedly turned down auto-parts suppliers request for $10 billion in aid. [WSJ]
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Carpocalypse
Which Brand Should GM Save?
A recent poll of 1,700 users of the automotive site CarGurus concluded the brand they'd most like GM to save (despite these) is Pontiac — the brand GM will kill. GM just can't win, can they? [CarGurus via AdAge] -
Carpocalypse
GM Sells Saab To Koenigsegg For Song, Dance
We reported last week GM was close to an agreement for the sale of Saab to Swedish automotive consortium Koenigsegg. Now it's official, with GM reaching a tentative agreement to sell the Swedish brand in exchange for apparently nothing whatsoever. More » -
Carpocalypse
Dodge Viper Factory First To Reopen After Chrysler Bankruptcy
Good news. Chrysler's emerged from bankruptcy and even before being fully embraced by Fiat's bountiful Italian bosom, they've already reopened their first plant — the 115-employee Conner Assembly in Detroit charged with building the apparently-not-yet-dead Dodge Viper. [CNN] -
Carpocalypse
Desperate car owners turning to fraud rather than facing car debt. [MSNBC]
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Carpocalypse
Fiat CEO To Chrysler Execs: "What Would You Say You Do Here?"
Fiat CEO Sergio Marchionne, pictured here with another executive also named Sergio, conducted speed interviews with 100 Chrysler executives, asking them blunt questions in 15-20 minute interviews. Then, afterward, he spent time showing them his CE-Oh face. [BusinessWeek] -
Carpocalypse
Cash For Clunkers Bill Passes Senate, House
The Cash For Clunkers bill passed the Senate as part of a larger spending measure. The details, explained in our Cash For Clunkers Guide, remain similar except funding's cut from $4 billion to $1 billion in the new joint bill. More » -
Carpocalypse
Bo knows purchasing. Bo knows cars. But after today, Bo won't know GM anymore. [GM]
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ad watch
Conan Scoops First Fiat/Chrysler/Jeep Commercial On Tonight Show
Chrysler's new owners have been quick to move the company in a new direction. A more Italian direction. Hard hitting late night journalist and SHO-enthusiast Conan O'Brien uncovers the company's new ad campaign. More » -
Carpocalypse
Treasury Announces Further Tax Deductions For 2009 Car Buyers
The U.S. Department of Treasury today announced a tax deduction for the purchase of new motor vehicles is available in states that don't have a sales tax. The deduction's limited to fees or taxes paid up to $49,500. More » -
Carpocalypse
REPORT: Koenigsegg To Buy Saab
Swedish TV is reporting Koenigsegg and a group of Swedish investors have won, signing a letter of intent to buy Saab, the bankrupt Swedish brand, from GM. Expect to see new designs merging jets, the Swedish Chef and a Cuisinart. -
Carpocalypse
GM Reminds Investors Its Stock's Completely Worthless
The now-bankrupt GM's stock price is up almost 100% this week from speculators and short-sellers, forcing the automaker to make a statement reminding people it's, essentially, a worthless piece of paper and shouldn't be bought. Sad, sad press release below.
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Carpocalypse
Sweet Irony: Last Pontiac Actually A Toyota
According to the 2010 GM Product Guide, the 2010 model year Pontiac Vibe is the only model from the doomed brand for 2010 and is, therefore, the last Pontiac. That's right, the last Pontiac is actually a Toyota.
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Carpocalypse
Chrysler And Fiat Alliance Official
After clearing a few legal hurdles, Chrysler and Fiat have now signed an alliance bringing together the two companies. Fiat will own 20% of the new Chrysler Group with Fiat head Sergio Marchionne as CEO.
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Carpocalypse
U.S. Supreme Court clears way for Chrysler sale to Fiat. [Reuters]
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ad watch
The 2012 Congressional Motors Pelosi GTxi SS/RT Sport Edition!
Congressional Motors just released their seven-way hybrid: ethanol, bio-diesel, electric, clean coal, wind, solar and pedal-powered 2012 Pelosi GTxi SS/RT Sport Edition. It only took $100 billion and an entire Congress to design it. More » -
Carpocalypse
GM salaried retiree benefits cut by two-thirds as part of "difficult changes." [TheDetroitBureau]
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Carpocalypse
Edward Whitacre To Be Chairman Of "New GM"
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.
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Carpocalypse
The U.S. House could vote on the "Cash For Clunkers" bill today. [WILX]
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Carpocalypse
Sergio Marchionne says he won't back down, gonna stand his ground on Chrysler deal. [WSJ]
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Carpocalypse
Little Tikes Cozy Coupe: The Best Selling Car In America
The Little Tikes Cozy Coupe was the best selling car in 2008 with 457,000 units. Who said America can't build a popular small car? More » -
Carpocalypse
Far Right Wing Hates America, Will Buy Toyotas Anyway
Some conservatives are hatching a plan to boycott GM because of government ownership, because nothing says sound fiscal policy like trying to torpedo the sales of a company you already own. [The Detroit Bureau] -
Carpocalypse
U.S. Supreme Court delays sale of Chrysler to Fiat. [Freep]
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Carpocalypse
Ford CEO Hits Today Show, Says Nothing
Ford CEO Alan Mulally was up early for a Today Show interview in New York with NBC's Matt Lauer. Lauer fearlessly probed Mulally, peppering him with a slew questions. Smiling like a Cheshire cat, Mulally non-answered every one of them. More »
Carpocalypse Now
Detroit, 1:26 PM
Sun Jul 5
9 posts in the last 24 hours
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