GM
Grounded: GM cancels all corporate jet service
General Motors has an early New Years Resolution: to be more fiscally responsible when it comes to corporate travel. With six short, direct sentences (see official press release after the jump), GM has declared that its Corporate Aviation Operations are to be shuttered. It might not seem like a big deal on the surface, but [...]
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2Dec2008 | BlueFox | 0 comments | Continued
GM’s Wagoner heading to Congress in Malibu Hybrid
While it won’t get him there as quickly (or as luxuriously) as a Gulfstream corporate jet, GM CEO Rick Wagoner will drive to Washington this week in a Chevrolet Malibu hybrid to ask for taxpayer-funded bridge loans. Last month, Wagoner, Ford CEO Alan Mulally and Chrysler LLC CEO Robert Nardelli, all received some serious flak [...]
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2Dec2008 | BlueFox | 0 comments | Continued
Mulally and Wagoner reconsider $1 salary for federal aid
Chrysler CEO Bob Nardelli was the only auto exec who readily offered to work for a buck if it meant securing federal aid from Congress in the form of bridge loans. Ford CEO Alan Mulally famously told the politicians sitting before him, “I think I’m OK where I am.” We would be OK too with [...]
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2Dec2008 | BlueFox | 0 comments | Continued
UAW considers dropping “job bank” for idled workers
As you read this, there are about 3,000 unionized workers — down from about 15,000 two years ago — employed by the Detroit 3 getting paid, despite the fact that they aren’t working. While it’s nice for America’s automakers to have access to a talent-pool of available workers, it’s also a major financial drain on [...]
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1Dec2008 | BlueFox | 0 comments | Continued
Porsche head predicts a hedge fund will swallow GM or Ford
Little guy Porsche is taking huge swings, and not just at the giant that is Volkswagen. Porsche head Wendelin Wiedeking had fierce Teutonic words for General Motors and Ford, and banks. His Rindfleisch – beef, that is – with U.S. automakers is that, through unsound practices, they have thrown absolutely everything into turmoil. In the [...]
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1Dec2008 | BlueFox | 0 comments | Continued
UAW wants executive pay to be limited
The president of the United Auto Workers union, Ron Gettelfinger, said in a recent CNN interview that U.S. automakers need to tell Congress they will limit corporate pay, bonuses and severance packages in return for more government loans. Gettelfinger also said that the Detroit Three only need the loans to hold them over during these [...]
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1Dec2008 | BlueFox | 0 comments | Continued
Parents Television Council shakes finger at GM, Nissan over advertising
Those Chastity Pariahs over at the Parents Television Council have called out General Motors and Nissan, among others, for advertising on shows deemed shocking and outrageous. The PTC has ranked the best and worst companies based on the television programs they advertise on, arguing that the advertisers’ support is tacit enabling of programming’s content. It [...]
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1Dec2008 | BlueFox | 0 comments | Continued
GM jets: No tracking for you!
GM has seven planes (four of them are for sale), and one of them was recently and infamously used for a brief sojourn to Washington for head honcho Rick Wagoner. When the public found out about it, well, let’s just say the polling numbers weren’t exactly favorable. For reasons that might or might not be [...]
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30Nov2008 | BlueFox | 0 comments | Continued
Detroit to DC caravan cancelled
Remember the growing movement to caravan a few hundred of Detroit’s most fuel efficient vehicles to the automaker’s next meeting with Congress? Not happening. Interestingly, it wasn’t for lack of support. In fact, it was just the opposite. So many people had voiced their support and announced their intentions to join in that the event’s [...]
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29Nov2008 | BlueFox | 0 comments | Continued
With GM on the brink, what will happen to the Corvette?
Some Corvette fans and avid forum members over at GM Inside News have already asked the unfathomable question of what automaker should take over the reigns of America’s longest-running sports car if its parent company were to lose custody. Their answer, rather shockingly, was Toyota. We sure hope it doesn’t come to that. Still, tough [...]
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28Nov2008 | BlueFox | 0 comments | Continued
