General Motors: Some Auto Museum auction to redress the balance
general motors December 19th, 2008
A mouthful of oxygen for the two American homes that are experiencing a period of deep crisis due to the contraction of demand in 2008, the White House has, in fact, approved the financial aid necessary to prevent General Motors and Chrysler could get to declare bankruptcy .
Meanwhile General Motors to try to recover the cash needed to rehabilitate boxes in red stated that it was in those days that he auctioning some of the vehicles that are currently part of its corporate museum.
A decision that highlights the difficulties both in the U.S. House prepared to deprive some of its jewels but to consolidate the budget and avoid consequences far worse.
It must be said, in truth, that the most valuable pieces of the collection will not be sold, subject of will, in fact, only a few pieces marginal but nevertheless important. The auction will take place on days ranging from 13 to Jan. 19 in Arizona.
General Motors: to obtain government funding sell the Saab brand
general motors November 28th, 2008
How many times said, General Motors is experiencing a period of deep crisis so that the American company liable even if the bankruptcy will not receive U.S. government funding needed.
In order to obtain such funding, however, the company must submit to Congress soon to a recovery plan that highlight how the company wants to quit acting out of the crisis in a more painless as possible.
It seems that the plan intends to dispose of three brands: Pontiac, Saturn and, surprisingly, even the Saab.
The DECISION was necessary to greatly reduce production costs, including staff, to leave out of the crisis.
The biggest problem now is to find potential buyers at a time of general crisis otherwise could lead to drastic solution of the three brands aside pending better times.
Resounding merger between General Motors and Chrysler?
Chrysler, general motors October 11th, 2008
As repeatedly said on these pages, the American market is experiencing a deep crisis that has brought serious difficulties in the three major automobile brands, which are trying to limit losses awaiting better times.
So bounce from news that a few years ago seemed impossible to happen, that is, two of the three great American homes would be seeking an agreement to merge together and deal with the crisis.
The companies concerned are General Motors and Chrysler. According to the New York Times, already there were numerous discussions between the two companies.
If the two companies could reach an agreement alone would control 35% of the U.S. market, significantly higher percentages in some sectors such as cars or that of the Suv. We just have to wait for any developments.
General Motors: official intent to sell the Hummer brand
general motors September 26th, 2008
As repeatedly noted on these pages, the American market is experiencing a period of deep crisis especially for large displacement vehicles with the Americans who have turned their attention to the small vehicles that allow a drastic reduction in consumption.
To make the expenditure, of course, car, first of all that General Motors in recent days held a press conference in which he explained to the public that will follow the strategies for the future as we seek to recover from a situation became almost critical.
Among the various strategies that the company will adopt With the future was also to sell the historic Hummer brand now become a big burden to the society view the choice of Americans to rely on the small-displacement cars.
So the hunt is open to a possible buyer that could rapidly acquire the brand and allow the company to reduce the red in the budget. We shall see.
Chevrolet Volt: arrive in America in 2010
Chevrolet, Ford, general motors August 22nd, 2008
According to indiscretions the Chevrolet Volt could soon enter the American market and also in the old continent.
The Volt is a hybrid because mount a combustion engine small engine capacity combined with another electric batteries based on lithium-ion that allows the vehicle to travel at least 65 kilometers before download at all.
The new Volt much emphasis on lightness as will have a weight of 1,588 kg allowing a fuel consumption very limited even with a consequent reduction of CO2 emissions on the environment will be used when both engines.
The debut on the American market is not expected before 2010 and according to rumours insist General Motors had decided to produce it using the Opel brand, which allows you to suggest a retail price certainly not economical. We shall see.