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Keyword: gm

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  • GM's Volt - The ugly math of low sales, high costs

    09/10/2012 5:40:25 AM PDT · by Cincinatus' Wife · 39 replies
    Reuters ^ | September 10, 2012 | Bernie Woodall and Paul Lienert and Ben Klayman
    Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.
  • Obama's success story GM has created 35,000 jobs in China

    09/09/2012 12:08:35 PM PDT · by Free ThinkerNY · 6 replies
    examiner.com ^ | Sept. 9, 2012 | Sahit Muja
    Sahit Muja: China, General Motors"China Motors" and its joint ventures sales rose 7.3 percent from the previous August and 10.8 percent from July to 220,996 units. Shanghai GMís domestic sales were up 11.7 percent on an annual basis to 110,209 units. SAIC-GM-Wulingís sales in China rose 3.4 percent to 106,500 units. FAW-GMís domestic sales increased 17.4 percent to 4,117 units. Buick sales in China were up 2.8 percent on an annual basis to 57,603 units, an all-time high for August. It was once again led by the original Excelle family, which had sales of 22,881 units, followed by the Excelle...
  • Auto workers threaten triple strike (Canada)

    09/09/2012 4:43:06 AM PDT · by Salman · 29 replies
    The Globe and Mail ^ | Sep. 06 2012 | GREG KEENAN - AUTO INDUSTRY REPORTER
    The Canadian Auto Workers union is turning up the pressure in contract talks with the Detroit Three auto makers, saying it is prepared to go on strike against all of them at the same time if no deal is reached by the Sept. 17 deadline. ďThe corporations are refusing to add any costs whatsoever Ė instead they insist on cutting costs from our existing agreements,Ē the CAW said in a leaflet distributed Wednesday at Canadian plants operated by Chrysler Group LLC, Ford Motor Co. and General Motors Co. ďNone of the three companies have demonstrated that they are serious about...
  • God and Jerusalem Crash DNC Auto Bailout Party

    09/06/2012 11:06:36 AM PDT · by jazusamo · 11 replies
    National Legal & Policy Center ^ | September 6, 2012 | Mark Modica
    The Democratic National Convention continued to celebrate the General Motors' bankruptcy and auto bailouts last night. Guests at the party included union leaders Bob King, President of the UAW and AFL-CIO President, Richard Trumka, both of whom gave speeches at the event. Union members cheered and waved their UAW signs at the affair as President Obama was repeatedly given credit for "saving" GM and the American auto industry. The fact that GM, along with Chrysler, went bankrupt was not mentioned. The only time the word "bankrupt" was used was to condemn Republican Presidential candidate, Mitt Romney, for wanting to let...
  • Expanding the List of Two Achievements (What do you say to: "Bin Laden is Dead and GM is Alive")

    09/05/2012 7:53:38 AM PDT · by SeekAndFind · 57 replies
    American Thinker ^ | 09/05/2012 | Carol Brown
    The Obama campaign has taken to a new slogan: "Osama bin Laden is dead. GM is alive." I believe this was first coined by Joe Biden, so that tells you something right there. If the Obama campaign wants to open the door, I say we take the bait and walk through. "Osama bin Laden is dead." Great! And???? Morsi and the Muslim Brotherhood now rule Egypt. Our men and women in uniform are being murdered by our "peace partners" in Afghanistan. The Middle East is an ever-more threatening place with Islamists gaining power. Iran is on the verge of a...
  • Obama's (Un)American Auto Bailout (Government Motors)

    09/04/2012 7:51:11 PM PDT · by jazusamo · 21 replies
    Creators Syndicate ^ | September 5, 2012 | Michelle Malkin
    CHARLOTTE, N.C. ó Cue "Fanfare for the Common Man" and rev up the Government Motors engines. Wednesday is Great American Auto Bailout Day at the Democratic National Convention. Party propagandists have prepared a prime-time-ready film touting the "rescue's" benefits for American workers. UAW President Bob King will sing the savior-in-chief's praises. But like all of the economic success stories manufactured by the White House, the $85 billion government handout is a big fat farce. "I said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back," Obama bragged on...
  • Government Motors opened plant in China four months after closing plant in Wisconsin

    09/03/2012 8:35:11 AM PDT · by kevcol · 22 replies
    Washington Free Beacon ^ | August 31, 2012 | Bill McMorris
    A bailed out General Motors expanded its small truck and SUV manufacturing in China soon after closing down similar facilities in Janesville, Wisconsinóthe plant Barack Obama pledged to save and keep open for ďanother hundred yearsĒ in 2008. GM has increased its manufacturing capacity in China by 55 percent since emerging from bankruptcy thanks to a $50 billion bailout from taxpayers. An important piece of that increased capacity has taken place in Changchun, Jilin Province in China.
  • Video PROOF of Obamaís empty promise to Janesville plant, vindicating Paul Ryan

    09/03/2012 7:05:00 AM PDT · by blueyon · 16 replies
    the Right Scoop ^ | 9/03/2012 | The Right Scoop
    Phillip Kerpen dug this video up from 2008 where Obama promised the Janesville plant Ė specifically the Janesville plant Ė that they could re-tool and be here another 100 years and that heíd fight for that future. And he said it knowing that GM was struggling:
  • Is GM Headed Back to Bankruptcy?

    09/01/2012 5:48:27 AM PDT · by SeekAndFind · 16 replies
    Given recent speculation, Republican vice-presidential candidate Paul Ryan's mention of the company in his acceptance speech last evening and the news that General Motors (NYSE: GM) will shut down production for its troubled Chevy Volt vehicle for the second time this year, that question has become immediately relevant today. To answer the question, we'll be turning once again to our preferred tool for predicting a company's bankruptcy, the Altman Z-Score. Here, using data published by the company in its financial reports, we'll measure how distressed GM's situation has become. This is an exercise we've done with GM's data before....
  • FACT CHECK: Obama promised and failed to keep Janesville GM plant open

    08/30/2012 8:20:25 AM PDT · by Qbert · 48 replies
    Washington Examiner ^ | August 30, 2012 | Conn Carroll
    President Barack Obama came to office during an economic crisis, as he has reminded us a time or two. Those were very tough days, and any fair measure of his record has to take that into account. My home state voted for President Obama. When he talked about change, many people liked the sound of it, especially in Janesville, where we were about to lose a major factory. A lot of guys I went to high school with worked at that GM plant. Right there at that plant, candidate Obama said: ďI believe that if our government is there to...
  • GM (Again) Halts Chevy Volt Production

    08/28/2012 8:37:41 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | August 28, 2012 | Mark Modica
    USA Today reports that GM will be, once again, temporarily halting production of the Chevy Volt. According to GM, the halt is not due to low sales of the Volt. The article quotes a Chevy spokesman as saying, "We are not idling the plant due to poor Volt sales. We're gearing up for production of the new Impala." In typical dubious mainstream media fashion, the article also reports that Volt sales have been just fine stating, "GM sold 10,666 Volts through July, way up from the 2,870 sold during the same period a year earlier." Considering that back in January...
  • GM to idle Volt plant for 4 weeks, sources say

    08/28/2012 2:54:30 AM PDT · by equaviator · 30 replies
    Automotive News ^ | August 27, 2012 | Mike Colias
    DETROIT -- General Motors plans to idle the plant where it assembles the Chevrolet Volt plug-in hybrid for four weeks starting next month, two people familiar with the plans said. GM will close its Detroit-Hamtramck plant from Sept. 17 until Oct. 15, one of the sources said. Union representatives last week told the plant's roughly 1,500 workers about the scheduled downtime, the source said. GM also notified suppliers last week, according to another source in the supply chain. A GM spokesman wouldn't confirm whether the company planned to idle the plant. "We don't comment on production schedules," the spokesman said....
  • GM to idle Volt plant for 4 weeks, sources say

    08/28/2012 2:53:56 AM PDT · by equaviator · 4 replies
    Automotive News ^ | August 27, 2012 | Mike Colias
    DETROIT -- General Motors plans to idle the plant where it assembles the Chevrolet Volt plug-in hybrid for four weeks starting next month, two people familiar with the plans said. GM will close its Detroit-Hamtramck plant from Sept. 17 until Oct. 15, one of the sources said. Union representatives last week told the plant's roughly 1,500 workers about the scheduled downtime, the source said. GM also notified suppliers last week, according to another source in the supply chain. A GM spokesman wouldn't confirm whether the company planned to idle the plant. "We don't comment on production schedules," the spokesman said....
  • General Motors Is Becoming China Motors

    08/27/2012 5:42:42 PM PDT · by TexasCajun · 10 replies
    General Motors is becoming China Motors. Forget the spin. The evidence is clear and convincing. Did U.S. taxpayers save GM for China? Listen to the candid comments of GM's CEO. More moves by dumb American Management or else it was at Obama (the Communista) direction! Unbelievable as it may seem, our ďleadersĒ have sold us down the riverÖÖÖagain!!!This is going to raise your blood pressure.
  • Why Can't Akerson Come Clean on Chevy Volt Fiasco?

    08/23/2012 10:02:49 AM PDT · by jazusamo · 21 replies
    National Legal & Policy Center ^ | August 23, 2012 | Mark Modica
    Some truths are so obvious that they cannot be denied. But that doesn't stop General Motors and politically-motivated cheerleaders for the Chevy Volt from trying. In the case of the Volt, the truth is that this car has been a dismal failure when considering the amount of hype and taxpayer money that has been spent to produce the supposed green wonder-car. Let's review just how wrong GM CEO, Dan Akerson, has been regarding sales projections for the Volt and how he refuses to take accountability for GM's blunders. Let's start by looking at Akerson's plans and projections for the Volt...
  • The Obama General Motors Duplicity

    08/23/2012 9:33:18 AM PDT · by Starman417 · 6 replies
    Flopping Aces ^ | 08-22-12 | James Raider
    For three years our consciousness has been bombarded with assertions from Obama, his handlers, and his justifiers, that he is pro-business, understands the private sector, and is a leader ó after all did he not singlehandedly ďsaveĒ General Motors and Americaís auto industry?†Enough with the lies already!Now that there is an actual businessman running against him for the Oval Office rather than a pol, the Presidentís machine has been turning up the volume on Obamaís GM escapade. We too easily recall his preening three years ago as the media declared him the new CEO of General Motors. Today Obama...
  • GM Goes From Bad to Worse Despite Obama Bailout

    08/23/2012 5:23:17 AM PDT · by Kaslin · 65 replies
    Townhall.com ^ | August 23, 2012 | Michael Barone
    Readers with long memories may recall that Charles E. Wilson, president of General Motors and nominee for secretary of defense, got into trouble when he told a Senate committee, "What is good for the country is good for General Motors, and what's good for General Motors is good for the country." That was in 1953, and Wilson was trying to make the point that General Motors was such a big company -- it sold about half the cars in the U.S. back then -- that its interests were inevitably aligned with those of the country as a whole. Things are...
  • GM Bankrupt Again (Saturbray)

    08/18/2012 9:03:28 AM PDT · by bray · 29 replies
    www.brayincandy.com ^ | 8/18/12 | bray
    ďI have testimony weightier than that of John. For the very WORK that the Father has given me to finish and which I am doing, testifies that the Father has sent me. John 5:36 My source inside the White House is warning that the collapse of GM is imminent it is just a matter of if they can hold out until after the election. The bankruptcy of Obama Motors with the entire reason for the Premierís re-election resting on its success has the entire DNC on triple high alert. Never mind they have no economic clue outside the usual liberal...
  • Outsourcing Hypocrisy

    08/17/2012 10:12:23 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | August 17, 2012 | Bob Beauprez
    During the month of July, Barack Obama relentlessly attacked Mitt Romney with bogus charges of outsourcing American jobs during his tenure at Bain Capital.† Hypocrisy has become standard-operating-procedure for the Obama White House and campaign team.† However, some new information suggests that if Obama really wanted to rail against the big outsourcer he should have been talking to the man in his mirror. The Obama campaign spent millions on television ads accusing Romney of being the "outsourcer-in-chief."† But, when scrutinized by political truth-testers across the nation, the accusations proved to be false.Glenn Kessler, The Fact Checker at the Washington Post,...
  • Obamaís GM ĎSuccess Storyí Headed for Bankruptcy

    08/17/2012 4:47:55 AM PDT · by SJackson · 31 replies
    FrontPage Magazine ^ | August 17, 2012 | Arnold Ahlert
    - FrontPage Magazine - http://frontpagemag.com - Obama‚Äôs GM ‚ÄėSuccess Story‚Äô Headed for BankruptcyPosted By Arnold Ahlert On August 17, 2012 @ 12:44 am In Daily Mailer,FrontPage | 3 Comments On the campaign trail, Barack Obama‚Äôs signature definition of ‚Äúsuccess‚ÄĚ is the government bailout of General Motors.¬†¬ďI said I believe in American workers, I believe in this American industry, and now the American auto industry has come roaring back,¬Ē he¬†told¬†an audience in Pueblo, CO last week. ¬ďNow I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry.¬Ē That pronouncement should send...