general motors


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The Recall Announced For the O5 and O6 Models of Chevrolet

May 04, 2010 / by / 0 Comment

The Recall announced, this is a sentence that is one of the most frequently heard one in nowadays auto industry, earlier we have heard Toyota’s recall then Ford’s, Chevrolet’s and other companies and now Chevrolet is back with another recall. The General Motors has recently announced that they are going to recall the 2005 and 2006 models for some steering-column problem.  It has been reported that about 40,000 models have been developed between March 2004 and January 2006 and there are great chances of them to be affected. The actual report was provided by National Highway Transportation Safety Administration (NHTSA) and it says that the recall will be applied to both tilt and telescoping steering wheels, over the time the signals travelling through the steering wheel could become corrupted and this situation results in an error statement. The whole situation described is also reported to be such dangerous for the sports cars that it can make them pull towards right or left that can become the source of a major accident. The expected date for the start for this recall for April 30 and hopefully this passage of recall for the Corvette would have started.

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General Motors seeking new talented chairman according to Whitacre

December 17, 2009 / by / 0 Comment

As seen some weeks ago Fritz Henderson resigned as the CEO General Motors and Ed Whitacre was placed as an interim CEO and now it has been said by Whitacre that GM is looking for a very talented new CEO who should be a stronger leader that can take over GM for a brilliant future. According to him Mr. Fritz was not interested in his job for long term that’s why he had to leave. While talking about the new CEO Whitacre said that “A person that’s a motivating, inspirational leader that’s familiar with big companies — manufacturing or industrial — would be helpful”

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Suzuki selling 50% stakes to General Motors

December 07, 2009 / by / 0 Comment

It has been reported that general motors and Suzuki are ending their CAMI joint assembly operation in Canada with that Suzuki is selling its 50% stakes to the GM. The official announcement for the timings and pricing of the sale was not given by any of the company. According to many news media Suzuki has closed production at Ingersoll, Ontario, plant last summer and they even discontinued the sale of XL7 SUV that was manufactured in that plant and now GM has announced in the last month that it would invest $85.1 million in the recreation of that plant and they have the ambition to raise the production to 40,000 vehicles.

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Fritz Henderson Resigned as GM CEO

December 03, 2009 / by / 0 Comment

General motors’ is really having very bad time from the past few years and this is the reason they are enforcing some consistent changes in their administration to change their business strategies and come out of their problems. Fritz Henderson who has been the CEO of GM from the past 8 months has been removed from his position and Mr. Ed Whitacre is acting as chairman on the interim basis and the search for a new CEO is on its way and hopefully GM will get a new CEO very soon. According to company’s representatives they are trying very hard to rebound from the 2009’s sales collapse. Fritz according to them was working very well to bring GM back to its position but it was a combined decision of the board of directors that changes in management have to make for a better future of GM.

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Ford Reports Loss as Sales Slide

April 25, 2009 / by / 0 Comment

The popular car maker Ford has recorded loss in the first quarter of 2009 because there was a massive slump in the car sales. Consumers across the globe are reducing their expensive purchases and hence the buying power has reduced. This has led to the reduction in the number of car sales and hence a loss for Ford. While the rivals of Ford, General motors and Chrysler are about to face bankruptcy, Ford has managed to face its financial targets. In the previous year, Fort recorded profit of $70mn during the first quarter. Now, the first quarter result for 2009 is a loss of $1.4bn. In the Europe alone, Ford recorded a loss of $550m during the quarterly while the company was making $737m profits in 2008. Revenue of Ford has gone down to $6bn from $10.2bn. Even though there was a revenue loss for Ford in the last quarter of 2008, the company was able to make profit for the year 2008. To cope up with the loss in the first quarter of 2009 and to increase car sales, Ford has announced reduction in its car prices. Also, the company has plans to reduce its debt obligations by $10.1bn.

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Lawmakers oppose further grants for GM

March 09, 2009 / by / 0 Comment

On Sunday, it was announced by House Republican leader John Boehner that he is not going to support funding for General Motors if it doesn’t demonstrate a practical and long term business plan and assure to pay back government money. In CBS’s “Face the Nation,” Boehner explained that they have provided $17.4b to General Motors and Chrysler LLC.

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