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General Motors Comes out from Bankruptcy

admin — Fri, 31 Jul 2009 13:00:21 +0000

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.

Saab to Split from GM

admin — Fri, 06 Mar 2009 13:30:50 +0000

Saab is projecting to split from General Motors and is looking for funds from public and private sources to become an independent car company.

Saab is planning for a survival plan which includes a reorganization process and that plan will be obtainable to its creditors in three weeks’ time.

The company will bring all its design, manufacturing and engineering facilities and actions back to Sweden, and supposes that launching the new-generation 9-5, 9-4X and 9-3X is still feasible.
Managing Director Jan-Ake Jonsson said yesterday: “We explored, and will continue to explore, all available options for funding and/or selling Saab and it was determined a formal reorganization would be the best way to create a truly independent entity that is ready for investment.”

Meanwhile, General Motors is also getting ready to spin off its Saturn domestic division as a break up marketing and distribution agency.

Paris Motor Show: General Motors Concepts

admin — Wed, 01 Oct 2008 12:20:13 +0000

General Motors on Monday put down its strategy for the Paris motor show in October.

The following are its new concepts:

Chevrolet Orlando concept
The Orlando concept is a 7 seat people haulier that applies the platform of the forthcoming Chevrolet Cruze sedan.

Chevrolet Cruze
The Chevrolet Cruze sedan will make its debut in Paris and the car will go on sale in Europe next spring.
Cadillac CTS Sport Wagon
The CTS wagon will be crucial in increasing Cadillac’s sales in Europe, where it will be fitted with a 2.9-liter diesel V6 paired to a manual transmission system. But it will also afford a sporty choice to the restyled SRX crossover to purchasers in the United States.

Saab 9-X Air
Saab has adopted its Aero X idea and skinned the top to produce the 9-X Air idea for the Paris show. The 9-X Air is powered by a 1.4-liter engine that runs on bio fuel.

More info about alternative fuels, can be found on the website of Car Fuel Options. This could have influance on your car insurance.