AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
FLASH.(NEWS)
OH, AND THE FIREBIRD IS DEAD, TOO
With General Motors' decision to kill off its venerable but underperforming Pontiac brand by the end of 2010, both the top-notch rear-drive G8 performance car from Down Under and the Solstice roadster will end up on GM's growing scrap heap. Neither model will be rebadged for use by another division, GM says. GM also is liquidating Hummer, Saab and Saturn by the end of this year and is looking at possibly off-loading its Euro-pean Opel brand to Fiat.
GM says the cuts will allow it to focus product development and marketing resources on four core brands: Chevrolet, Cadillac, Buick and GMC.
CHRYSLER CONNECTION
Although Fiat is angling to take over Opel, that doesn't mean the resurgent Italian automaker's designs on a merger with Chrysler aren't still on the front burner. Late-breaking Chrysler agreements with its workers are paving the way for that deal to come to fruition at any moment.
MCLAREN RESURGENCE
McLaren is spinning off its road-car company and looking for $370 million worth of investment from outside investors to get its P11 family of Ferrari-chasing $150,000-plus supercars into production.
- GM is cutting Walgreens as prescription provider.
- Newspaper article from: Detroit Free Press (Detroit, Michigan) (via Knight-Ridder/Tribune Business News) February 11, 2005 700+ words
...prescription-drug management firm are pulling GM's business from Walgreens as of March 1. The result: GM's 1.1 million employees, retirees and...across Michigan and the country who rely on GM for health care won't be able to get their...
- GM Announces Strong July Sales, Total U.S. Sales Up 24 Percent; Truck Sales...
- Press release article from: PR Newswire August 1, 2002 700+ words
...States, up 24 percent over last year. GM reported record July truck sales, up 36...deliveries were up more than 40 percent. GM remains on track to establish a new calendar year industry truck sales record. GM's car sales were up 11 percent overall...
- GM MASTERCARD PROMISES TO TURN PLASTIC INTO STEEL
- Press release article from: PR Newswire September 9, 1992 700+ words
GM MASTERCARD PROMISES TO TURN PLASTIC INTO STEEL...9 /PRNewswire/ -- General Motors (NYSE: GM) unveiled its newest vehicle today -- a no...thousands of dollars on the purchase of a new GM car or truck. The GM Card(sm), a MasterCard...
- GM Profits Hit All-Time High.
- Newspaper article from: Knight Ridder/Tribune Business News January 17, 2003 700+ words
...but it is fueling vastly higher profits. GM reported Thursday that its fourth-quarter...losses some in Europe and Latin America. GM's profits for all of 2002 more than doubled...world's largest auto market -- where GM profits doubled from $1.47 billion a...
- GM Shuffles Its Dealers' Cards; Automaker Seeks to Cut Outlets from 8,400 to...
- Newspaper article from: The Washington Post Warren Brown October 17, 1995 700+ words
...different auto marketplace, with fewer GM dealers selling more cars aimed at specific buyers. For years, the differences between GM products have been fuzzy. Buick and Pontiac...something, including vehicles from a sibling GM division, such as Cadillac, or more often...
- GM Daewoo Back on Track after Two Years of Restructuring.
- News wire article from: YON - Yonhap News Agency of Korea October 19, 2004 700+ words
...clap, and no one has proved it better than GM Daewoo Auto & Technology Co. Just...Corp. and its technological know-how, GM Daewoo has managed to more than double its...on and people know it," Nick Reilly, GM Daewoo president, told Yonhap News Agency...
- GM Contributes to Flood Relief Efforts in Europe; World's Largest Automaker...
- Press release article from: PR Newswire August 23, 2002 700+ words
...damage in Germany alone to be nearly $10 billion. GM will use its disaster relief program, GM Global Aid, to provide up-to- the-minute...and rebuilding efforts in Europe. The mission of GM Global Aid is to provide immediate assistance when...
- GM hit a few chuckholes in '86
- Newspaper article from: Chicago Sun-Times Dan Jedlicka January 5, 1987 700+ words
...t look that way last year. Once-proud GM seemed to be falling apart in 1986 - and...and today's continuing auto drama. The GM story isn't just an "industry" story...the pages of dry auto trade publications. GM's problems affect the millions who own...
