General Motors

GM has recalled 4.8 million cars--just in 2014!

The New York Times has reported that GM "has acknowledged that it knew about the defective ignition switches for more than a decade but did not recall the vehicles." On Friday, the 13th death related to these faulty switches was reported.

In the first three months of this year, GM has already recalled 4.8 million cars. What a pathetic situation the one-time largest corporation in the world is in.

Government Motors Laying Off Workers

Interesting story from The Detroit News

GM trims salaried workers

White-collar ranks thinned slowly in global streamlining

Bryce G. Hoffman/ The Detroit News

General Motors Co. has quietly begun laying off white-collar workers as it works to consolidate its global operations.

The numbers are small — a dozen here, a dozen there — but more are coming before the end of the year.

I'm Not Good At Economics But This Doesn't Seem Right

Here's the latest on the union built Chevy Volt from the Associated Press. NEW YORK (AP) -- General Motors will buy Chevrolet Volts back from any owner who is afraid the electric cars will catch fire, the company's CEO said Thursday.

In an exclusive interview with The Associated Press, CEO Dan Akerson insisted that the cars are safe, but said the company will purchase the Volts because it wants to keep customers happy. Three fires have broken out in Volts after side-impact crash tests done by the federal government.

GM to invest extra $540 million in Mexico to build motors

MEXICO CITY (AFP) – US giant General Motors will invest $540 million to produce two low-emission motors in central Mexico, the company announced here Thursday, accompanied by President Felipe Calderon.

The latest project for GM in Mexico would create 500 direct and another 500 indirect jobs in its plant in Toluca, Calderon said.

GM has four plants in Mexico, and has invested some $5 billion here since 2006, Calderon said.

Warning For Paul Wohlfarth-Do Not Read This Post !!!!!!!!!!!

GM's goal: All 2nd-tier pay for workers at Orion plant. General Motors which is owned by the United States Government seems to have finally come up with a plan to make GM profitable.

http://www.freep.com/article/20101016/BUSINESS01/10160359/1319/GMs-goal-...

General Motors eventually wants to pay all of the workers at its Orion Township assembly plant a lower, tier-two wage so it can affordably build small cars, such as the Buick Verano compact and Chevrolet subcompact.

Quick Impression-Wolfman Cutting and Pasting

General Motors is recalling a total of 243,403 vehicles across the US, Canada, Mexico China, Saudi Arabia and several other countries for a possible problem with the seat belt. The recall covers 2009-2010 models of the Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook.

ALERT!!!! General Motors offers incentives to Toyota owners worried by recall

General Motors offers incentives to Toyota owners worried by recall
Bring in a Camry, for example, and get $1000 off this 2010 Chevrolet Malibu LT.
By GM, Wieck
General Motors launched a campaign today to give Toyota owners worried about the ongoing recall over sticking gas pedals extra incentive to consider buying a GM vehicle.
http://content.usatoday.com/communities/driveon/post/2010/01/general-mot...

GMAC Asks for Fresh Lifeline

U.S. NEWS OCTOBER 28, 2009 GMAC Asks for Fresh Lifeline
Lender in Advanced Talks for Third Slug of Taxpayer Cash -- at Least $2.8 Billion By DAN FITZPATRICK and DAMIAN PALETTA

In a stark reminder of how some battered financial firms remain dependent on government lifelines, GMAC Financial Services Inc. and the Treasury Department are in advanced talks to prop up the lender with its third helping of taxpayer money, people familiar with the matter said.

Video: Michael Moore And Rep. Marcy Kaptur Discuss His New Movie Capitalism: A Love Story

http://vodpod.com/watch/2235162-video-michael-moore-and-rep-marcy-kaptur...
General Motors didn't allow Michael Moore into the GM Renaissance Center for press interviews before the Detroit premiere of 'Capitalism: A Love' story even though they were invited in advance. The interviews had to be moved to the Marriott across the street, but after the interviews had finished, Mike went into the Renaissance center anyway and we became our own press.
Congresswoman Marcy Kaptur and Michael Moore speak at the premiere.

GM workers’ auction supports 13-year-old cancer patient

From the Toledo Free Press:

Troy Winkelman recently found himself facing months of chemotherapy without a stable family health insurance plan because his father was laid off from General Motors.

Study Will Help Support Ohio's Auto Industry

For many years, Ohio's manufacturing industry has helped contribute to
Ohio's economy and provided thousands of jobs. In 2007 the industry
employed more than14 percent of Ohio's population, with 13.8 percent of
those employed in the automotive sector. However, the economic recession
has significantly damaged our state's manufacturing industry,
particularly automotives.

Nearly half of all recession-related job losses in Ohio have been in
manufacturing. With the bankruptcies of General Motors and Chrysler,
many Ohioans who were once employed are now jobless and out region has

Under Restructuring, GM To Build More Cars Overseas

Under Restructuring, GM To Build More Cars Overseas

By Peter Whoriskey
Washington Post Staff Writer
Friday, May 8, 2009

The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company's new jobs will be filled by workers overseas.

According to an outline the company has been sharing privately with Washington legislators, the number of cars that GM sells in the United States and builds in Mexico, China and South Korea will roughly double.

Seeking Federal Loans, Automakers Cite Alternative-Energy Goals

Published: September 10, 2008

DETROIT — A proposed $25 billion federal loan program to help retool the American auto industry would speed the development of electric cars and other alternative-fuel vehicles, a Chrysler executive said Wednesday.

General Motors says federal dollars could help advance its electric Chevrolet Volt, whose chassis was on display in January.

GM Reveals Plan to Save $15 Billion

General Motors will try to cut expenses by $15 billion by the end of next year through a combination of job reductions, production slowdowns, terminated retiree benefits and salary freezes, the company said yesterday.

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