GM Inside News & GM Forum is the premier GM Forum and GM News Source on the internet. We discuss all GM models on the forum. Registered Users do not see the above ads. Please Register - It's Free!
Over the years with the help of our members GMInsidenews have gone from being a small GM fan forum to become one of the world's premier automotive news forums.
Continuing that tradition GMI will again be asking our members what they want, with the introduction of our new interactive product reviews. That's right. You will have the chance to have a say in how we do our reviews.
GMI now has full access to the GM vehicle press fleets in both the US and Australia and starting this month with our upcoming review of the new Holden Caprice 3.6 SIDI we will be asking you what you would like to know about the next vehicle we will be running our eyes over.
All you need to do is be a fan of our Facebook page or follow us on Twitter, keep an eye out for news of an upcoming product review, leave any suggestions and questions you have as a response and we will do our best to answer them. Simple as that!
Fritz: "We are outperforming our plan from bankruptcy" GM's CEO has a candid Q&A with reporters regarding just about everything. www.gminsidenews.com
November 5, 2009
By: Nick Saporito
This morning General Motors CEO Frtiz Henderson hosted media for a Q&A session in Detroit. There was no set theme for the conference, however we suspect it was to clear the air regarding GM's last minute decision change with the handling of their European Opel division. Fritz did not have much in the way of new information regarding Opel, but did mention that some of the financing for Opel would come from GM. He credits the decision chance to both an improved outlook for GM and the mostly-new Board of Directors learning more about the automotive business.
Fritz was pushed by reporters to discuss GM's financial status, but declined to elaborate too much. He did state that GM is outperforming the plan that originated from bankruptcy. The CEO got fairly confident by saying that in mid-November "You'll see it (improved finances) directly" when GM announces--we assume--will be third quarter earnings.
It does not come as a surprise that Fritz... [Read More]
Breaking: GM Board Decides to Keep Opel Is the Opel Saga finally over...again? www.gminsidenews.com
November 3, 2008
DETROIT – Given an improving business environment for GM over the past few months, and the importance of Opel//Vauxhall to GM’s global strategy, the GM Board of Directors has decided to retain Opel and will initiate a restructuring of its European operations in earnest.
“GM will soon present its restructuring plan to Germany and other governments and hopes for its favorable consideration,” said Fritz Henderson, president and CEO. “We understand the complexity and length of this issue has been draining for all involved. However, from the outset, our goal has been to secure the best long term solution for our customers, employee, suppliers, and dealers, which is reflected in the decision reached today. This was deemed to be the most stable and least costly approach for securing Opel/Vauxhall’s long-term future.”
On a preliminary basis, the GM plan entails total restructuring expenses of about € 3 billion, significantly lower than all bids submitted as part of the investor solicitation. GM will work with all... [Read More]
GM Oct. Sales up 4%, Gains Market Share GM sees first sales increase in 21 months! www.gminsidenews.com
November 3, 2009
DETROIT – A strong performance by GM's four core brands -- Chevrolet, Buick, GMC, and Cadillac -- resulted in GM U.S. October sales of 177,603 vehicles, up 4 percent from last October, the company's first year-over-year gain since January 2008. Total sales increased 13 percent when compared with September. The four brands accounted for about 95 percent of GM's retail sales, an increase of 10 percentage points compared to the prior year.
“We’re very pleased with consumer acceptance to our newest cars, crossovers and trucks,” said Susan Docherty, GM vice president, U.S. Sales. “While we have more work to do, we are making progress and will continue our focus on delivering vehicles and a sales and service experience that brings consumers to Chevrolet, Buick, GMC and Cadillac – and keeps them coming back.”
October Facts:
Total GM sales increased 4 percent compared with October, 2008; retail sales were up 15 percent for the same period.
The AutoGuide.com network consists of the largest network of enthusiast-owned enthusiast-operated automotive communities.
AutoGuide.com provides the latest car reviews, auto show coverage, new car prices, and automotive news. The AutoGuide network operates more than 100 automotive forums where our users consult peers for shopping information and advice, and share opinions as a community.
GM Inside News Forum
