The NY Times is reporting GM CEO Rick Wagoner is resigning at President Obama's behest one day before unveiling his rescue plan for GM and Chrysler. March Madness? Ha! More like Carpocalypse Carnage! UPDATE!
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
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…
GM To Employ Duct Tape, Rush Production Volt To Stage By September
GM is accelerating development of the 2010 Chevy Volt
GM To Get More Layoffs, Lose A Brand
According to the WSJ, GM's early-August board meeting is likely to result in layoffs affecting both blue- and white-collar workforces. They're also reporting GM is seriously exploring sloughing off another brand, either by outright closure or by placing it up for sale, a-la Hummer's "strategic review."
Hummer To Join Fred, Be Not-Yet-Dead?
Mark Phelan, columnist for the Detroit Free Press, today argues both sides of the "should Hummer stay or should it go?" coin. On one hand, Hummer's gas-sucking asshole image isn't doing GM any favors, and poor sales numbers make the abuse harder to absorb. On the other hand, Hummers are truly capable vehicles with a…
Rick Wagoner Cuts Ribbon
GM's Chairman and CEO, Rick Wagoner, took on a new role yesterday, that of Business Model. Wagoner traveled to Gilbert, Arizona to cut the ribbon at Henry Brown, a local dealer that's the first nationwide to finish construction on a new facility that combines the Buick, Pontiac and GMC brands under one roof. During the …
Motor City Mitt Leading Among Auto Execs
Those involved in the automotive industry, known for having a firm grasp on the future, have backed Mitt Romney nearly 2-to-1 in donations compared with other Republicans and Democrats. This is no surprise, as Mitt Romney's dad, George Romney, was the former head of American Motors and governor of Michigan (two…
GM Set to Shed More Jobs in Buyouts
Now that the parties and fun of the Detroit Auto Show are over, GM has decided to get back to business. If you haven't heard by now, GM is planning on offering buyouts to an additional 46,000 hourly workers under the terms of the newly negotiated UAW contract. When successfully implemented, this move to push out high…
Detroit Auto Show Preview: Who Killed the What Now? GM to Unveil…
One of our favorite Simpsons was when Mr. Burns got the one billion dollar bill and him, Smithers and Homer flee to Cuba. They hook up with Castro who wants to have a look at the filthy lucre. Mr. Burns isn't sure, but Homer tells him, "C'mon Mr. Burns — you can trust Castro." So, Burnsey hands Fidel the bill and the…
