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more about #newgm more comments → pauljones: I'm so going to buy a Silverado just to piss my neighbor off. more » RachelSklar: See, THIS is why I don't drive! more » mechimike: I think the only reason GM's able to start paying back the loans so quickly is simply they borrowed more than they needed to. Probably so they could ... more » lilwillie: Politics is like a piss poor Magic show, not only is the show bullshit, even the slight of hand by both sides use is complete bullshit. more » smalleyxb122: Incorrect. The cars are commodities, of which none are sold for less than the price of materials, therefore any monetary loss is associated with labo... more » brandegee: Quick. Everyone buy an Aveo just to spite the taxbuyer. "Look at this! Look at it! Yeah, that's right! This pile of misery cost you 12 Grover Clevelan... more » Alfisted: Compared to how much each Tesla will cost us, this is a bargain. more » Das ASHloch (achtundsiebzig): Another brilliant treatise from our friends at the Facepalm von Mises Institute. more » Mobius: No wonder the CTS-V is such a performance bargain(!) Hopefully, GM will learn the lesson and not stagnate. Next time, the taxpayers won't be so willi... more » mytdawg: Why the hell can't we outsource these morons? I want to see these studies coming from Indochina pronto. In mangled English of course. Like the old ... more » brandegee: Good show. Next time, GM won't be quite so cagey about declaring bankruptcy, will they? And to think of all the wasted years tossing out rebates to k... more » bmoreDLJ: This is the only GM-related corporate news I care about. Where my money at, bitch? #newgm more » Van Sarockin, rogue trebuchet: Not dissimilar to the regular 'guidance' that companies release for investors. Everyone understands that they are spinning and trying to put the best... more » mechimike: I'm _not_ an accountant, and I vommited a little as I read that. I wonder if GM has any idea of the numbers of consumers they alientated as a result ... more » FTGDWolverineEdition'09: Are you guys now employing some ex-Chrysler powerpoint/photoshop guy? Love the super duper golden cheesy star. Adds to the effect ;P #newgm more » -
#carpocalypse
STUDY: Each New GM Vehicle Costs Taxpayers $12,200
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 » -
#carpocalypse
"New" GM Drops Totally Useless Financial Results
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 » -
#carpocalypse
GM To Begin Paying $6.7 Billion In Loans Ahead Of Schedule
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 » -
#carpocalypse
Ed Whitacre: GM Chairman, Shameless Self-Promoter
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 » -
#carpocalypse
GM plans an IPO next July. The "New GM," not the old one. [NYT]
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#carpocalypse
GM's newly-re-employed "Maximum" Bob Lutz will be on CNBC at 4 PM EST. Watch it.
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#foundonebay
GM Partners With EBay To Auction New Cars
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 » -
#carpocalypse
New "General Motors Company" Logo May Go Green?
According to the AP, the logo for the "New GM" (now called "General Motors Company") may change from blue to green to showCongress and the Presidentconsumers it's greener and focused on fuel efficiency. UPDATE: It's not gonna happen. More » -
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#carpocalypse
GM CEO Fritz Henderson's press conference starts at 9 AM here. We'll be twittering here.
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#carpocalypse
GM’s Bob Lutz Reverses Retirement Decision, May Lead Global Marketing
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 » -
#carpocalypse
Federal Judge Approves Sale Of Good Parts To Newer Model GM
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] -
#carpocalypse
"New GM" sale may be approved in bankruptcy court today. Follow along on Twitter here.
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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] -
#spyphotos
Future Buick Enclave Spied In CBS News Spot?
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?
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#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
CNBC Takes Walk Down "Old GM" Memory Lane
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]
