Report: GM, Chrysler Consider Bankruptcy For Federal Bailout Loan

The CEOs of the not-so-Big Three made it to DC for committee hearings beginning today at 10:00 AM. According to Bloomberg's sources, GM and Chrysler execs are considering a pre-arranged bankruptcy (which we've already said is a good thing) as a last-resort of getting a multibillion-dollar government loan. » 12/04/08 8:40am 12/04/08 8:40am

Mr. Wagoner Makes It To Washington, Driving Volt Mule To Morning Senate…

There's General Motors CEO Rick Wagoner, stepping from a Chevrolet Malibu hybrid last night at his hotel in Washington to the flashing bulbs of the paparazzi after driving from Detroit to testify at Congressional hearings for an auto industry not-a-bailout. If the not-so-Big Three automakers have learned anything… » 12/04/08 8:20am 12/04/08 8:20am

GM Asks FAA To Bar Public Tracking Of Leased Corporate Jet, Still Asks…

In yet another stunning display of GM's critical lack of understanding of the importance of transparency when asking for public assistance has asked aviation regulators to block the public's ability to track the company's leased private planes. When will this company learn a little thing called "message?" » 12/01/08 8:30am 12/01/08 8:30am

SNL Sketch Takes On Not-So-Big Three Congressional Hearing

Saturday Night Live took on the not-so-Big Three's congressional » 11/24/08 10:00am 11/24/08 10:00am and in this weekend's "cold open," and unfortunately fell into the trap of shamelessly mocking tired stereotypes. Which is sad, because we'd watched SNL take on a new level of relevancy as of late thanks to the uber-adorable Tina Fey and an election…

Not-So-Big Three Automakers Take Corporate Jets To Beg For Money From…

It's probably a bad thing to fly a private jet from Detroit to Washington, DC when you're going to ask Congress to provide you a multi-billion dollar loan to bail you out of a financial crisis. That fact hasn't stopped Ford's Alan Mulally, along with the heads of the other automakers, who not only flew to D.C. in the… » 11/19/08 12:00pm 11/19/08 12:00pm

Barack Obama Will Not Meet Rick Wagoner Without Preconditions

Barack Obama took time away from talking about his mother-in-law » 11/18/08 10:30am 11/18/08 10:30am and to talk about the automaker bailout in an interview on CBS' . While admitting Detroit needs help, he said it's important to make sure it's conditioned on the stakeholders (labor, suppliers, execs) coming up with a plan for a sustainable domestic…

WSJ: General Motors To Cut 15% Of Salaried Workforce By November

The Wall Street Journal is reporting GM plans to remove another 5,000 salaried workers from payrolls by November as part of its re-restructuring announced earlier this month. The cuts would amount to about 15% of GM's North American white-collar staff, continuing what has become a 40% salaried headcount reduction… » 7/31/08 10:00am 7/31/08 10:00am

Jalopnik Crashes GM's New Global Powertrain Engineering Center In SE…

In a move that GM Chairman and CEO Rick Wagoner described as "A major step forward for General Motors," the company today dedicated its new Global Powertrain Engineering Development Center. The center is located in Pontiac, MI, spitting distance from the defunct Silverdome — the former home to the Detroit Lions, and… » 7/25/08 5:00pm 7/25/08 5:00pm

Toyota To Lower Sales Forecast, Try To Wrest Sales Crown From GM By…

According to reports out of Japan today, Toyota plans to lower its global sales estimate to 9.5 million vehicles this year, down from a previous sales estimate of 9.85 million. The report comes the day after GM's "Sweeping-Reorganization Press Conference, Part II," thus making their significant 385,000-unit sales… » 7/16/08 9:20am 7/16/08 9:20am

Rick Wagoner Unwraps First Shots Of Chevy Cruze, Cadillac SRX

In the now-infamous press conference from General Motors this morning, Chairman and CEO Rick Wagoner not only spelled out GM's strategy to save itself from impending doom, but also revealed pretty much every upcoming GM vehicle that hadn't already been shown to the public. This includes the first photos of the 2010… » 7/15/08 4:40pm 7/15/08 4:40pm

GM Wants More Money, Fewer Employees; Cadillac CTS Coupe, Saab 9-4X Get…

GM announced in a press conference this morning that its turnaround progress was proceeding so well that significant layoffs were needed. Oh, and please, send money. But the more pressing concern this week is to come up with $15 billion through cuts to the cost of salaried employees, particularly among white-collar… » 7/15/08 9:01am 7/15/08 9:01am

GM Says Brands Not Under Strategic Review, Just Jobs

On the heels of yesterday's WSJ story that GM was planning to eliminate thousands more jobs and potentially cut another brand, GM spokespeople are denying at least half the claims. Further brands are, supposedly, not under strategic review. Job cuts? Well...yeah, those are probably still going to happen. Our snap… » 7/08/08 8:40am 7/08/08 8:40am

Rick Wagoner Announces We May See Chevy Volt Sheetmetal Soon, Eventually

We were beginning to think GM had developed a masterpiece of long-range marketing with the 2011 Chevrolet Volt program. Let reporters in every once in a while, strategically leak images while actually showing nothing, all the while keeping a late-2010 entry on the lips of every eco-dork in the motoring press. Let them… » 6/04/08 9:40am 6/04/08 9:40am

Hummer Up For Sale, Four Truck Plants Gone?

The times, they are a changin', and this week GM Chairman and Chieftain Rick Wagoner seems to have noticed. Wagoner announced a "strategic review of our Hummer brand," yesterday. Translation: "Anyone want to buy Hummer? Anyone? C'mon...cheap! Cerberus, I'm lookin' at you." Also included in the statement was news that… » 6/03/08 8:53am 6/03/08 8:53am

Wagoner Says G****l W*****g Not A Crock Of Something

Let's put our hands together for Rick Wagoner, the CEO and Chairman of General Motors, who just discovered how to clean up after his s**t-loving Vice-Chairman, "Maximum" Bob Lutz. It was exactly a month ago when we first told you about product czar "Maximum" Bob's claim that global warming was simply a crock of...you… » 3/12/08 5:05pm 3/12/08 5:05pm