The Truth About Cars
JANUARY 4, 2024
Most GM models failed to make the cut, at least temporarily, and the automaker is offering $7,500 compensatory discounts to keep sales flowing. The Detroit Free Press reported that GM will give discounts while awaiting updates to requalify some models. 1, 2024, because of two minor components.
Green Car Congress
MAY 15, 2009
GM began contacting its dealers today regarding its long term planning, and is advising approximately 1,100 “ underperforming and very small sales volume US dealers ” that GM does not see them as part of its dealer network on a long-term basis. The actual number of dealers could vary given levels of attrition, etc.
Baua Electric
JANUARY 3, 2024
2023 Chevy Bolt EUV (Source: Chevrolet) GM has released its Q4 sales numbers , showing Ultium still ramping steadily, but overall EV sales are down as its best-selling model, the Bolt, winds down as Chevy takes it off the market in its best year of sales ever – leaving GM with only 3.1% EV share, well below the US average.
Green Car Congress
OCTOBER 1, 2009
(PAG) has terminated its discussions with General Motors Company to acquire the Saturn brand, citing concerns directly related to the future supply of vehicles beyond the supply period it had negotiated with GM. The company had negotiated a definitive agreement with GM to source vehicles on a contract-manufactured basis for a period of time.
Green Car Congress
DECEMBER 1, 2009
At its monthly meeting in Detroit today, the General Motors Board of Directors accepted the resignation of Fritz Henderson as Director, President and CEO of the company, according to GM Chairman Ed Whitacre. I look forward to working with the entire GM team as we now begin the next chapter of this great company. —Ed Ed Whitacre.
Green Car Congress
APRIL 27, 2009
General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles.
Green Car Congress
FEBRUARY 18, 2009
As required by the loan agreements signed in December 2008, GM and Chrysler submitted their updated restructuring plans showing a pathway to achieve financial viability to Congress on Tuesday. In the US, GM will focus on its core brands; Chevrolet, Cadillac, Buick and GMC. million units (57.5
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