WheelTronix

General Motors speedily came out from its May 31st Chapter 11 filing this morning.  This will benefit the company from the Chrysler insolvency procedure and the Auto Task Force drive to return the corporate giant back on its feet.

The changeover from old to new GM thought to be quite flawless for consumers, at least primarily.
GM has plucked 4 divisions from its portfolio and at some time in the future it plans to considerably decrease its dealer body by not reviving franchise agreements.

These 1,100 dealerships form about 18% of GM’s total dealer. They have time with them till October 2010 to sell their residual cars. The number of products in the line up will fall from 48 to 34.

The new GM will have the following brands: Buick, Cadillac, Chevrolet, and GMC brands. GM has peeled Pontiac, Hummer, Saab, and Saturn from its range of brands. The latter 3 divisions are being sold to other companies.

General Motors Corp registered for insolvency on Monday. This has forced the 100-year-old automaker which was formerly a sign of American economic strength and dynamism into the wilderness of a doubtful age of government ownership. This is the third largest bankruptcy filing in the history of the US and biggest ever in US manufacturing.

This filing of bankruptcy in order to render an extra taxpayer fund of $30 billion is an enormous speculation for the Obama administration. This was done in order to bring in some restructuring for the automaker.

The immediate allegation is that GM will get smaller and thus reducing its market share to a lesser competitive structure. This will give an opportunity for rivals like Toyota, Honda, Nissan and Hyundai to take advantage of the situation and rise up and affix their stamp in the auto industry.

Most expected and much awaited the NAIAS in Detroit is the Chicago Auto Show. This auto show is famous for introduction of new trucks which are vital in the North American market.

Other cars will also be launched at the Chicago Show. The product launches are specifically targeting North America. This year’s edition is also no exception. The hugely-anticipated Challenger is showed in production form. Hummer presented its new entrant into the fiercely competitive pickup truck segment. GMC displayed its notion car/truck designed by its Holden division in Australia. Volkswagen unveiled a new MPV designed and intended for sale entirely in North America.