All Posts Tagged With: "GeneralMotors"
German solar energy company offers to buy Opel from GM
General Motors CEO Rick Wagoner has already stated that the only brand in his company’s portfolio up for sale is HUMMER, but apparently this hasn’t stopped interested parties from making their play for other marques under the General’s umbrella. News broke today that German solar energy company SolarWorld has offered GM nearly $1.3 billion USD [...]
Popularity: 1% [?]
19Nov2008 | BlueFox | 0 comments | Continued
GM selling remaining Suzuki stake for $230M
General Motors CEO Rick Wagoner mentioned last week that, in addition to selling the HUMMER brand, other assets were being evaluated for sale, as well. While no other brands are likely to be sold off besides HUMMER, GM did announce this morning that it’s selling all of its remaining stock in Suzuki. GM owns 16,413,000 [...]
Popularity: 1% [?]
17Nov2008 | BlueFox | 0 comments | Continued
Calling for GM bailout may cost Wagoner his job
General Motors’ CEO, Rick Wagoner, who’s been manning the helm for the last eight years and a part of its staff since 1977, has taken some heat for asking the Feds for a bailout. A possible condition for those funds may be the symbolic sacrificial death of its current leader, according to a slew of [...]
Popularity: 3% [?]
14Nov2008 | BlueFox | 0 comments | Continued
GM stock takes 24% hit after analyst report
With General Motors dropping its $2.5 billion bomb on Friday, analysts, brokers and the public at large were waiting until today to see where the General’s stock price would end up. At the end of the day, it’s hovering around $3.36 a share, up from this morning where it hit $3.04, or four pennies away [...]
Popularity: 2% [?]
10Nov2008 | BlueFox | 0 comments | Continued
GM having employees take more vacations to cut costs
There are worse things than being forced to take vacation days — like your employer going belly-up — so General Motors is asking the tens of thousands of workers at its Vehicle Engineering Center and the Milford and Mesa Proving Grounds to stay home on December 22nd and 23rd. Factories won’t plan any additional idle [...]
Popularity: 2% [?]
10Nov2008 | BlueFox | 0 comments | Continued
GM earnings report delayed, NYSE halts shares
General Motors was supposed to issue a press release detailing its third quarter earnings results at 10:30AM EST this morning, a time which has come gone without a word from the General. As a result, the New York Stock Exchange suspended trading of the automaker’s stock at 11:04AM pending the results. An interview that GM [...]
Popularity: 2% [?]
7Nov2008 | BlueFox | 0 comments | Continued
GM announcing “important changes” on Friday
Due to deteriorating market conditions and a dire cash crunch, General Motors CEO Rick Wagoner will be announcing “important changes” during his company’s 3rd quarter earnings report on Friday at 11AM EST The Detroit News obtained an executive level email that foretells the bad news ahead but doesn’t go into specifics regarding what actions the [...]
Popularity: 2% [?]
6Nov2008 | BlueFox | 0 comments | Continued
GM CEO heading to Japan to talk with Toyota, expanding business partnership
According to a report by Japan’s Kyodo News, General Motors’ chief executive and chairman, Rick Wagoner, is considering visiting Toyota in Japan to discuss a myriad of issues, ranging from funding to parts sharing.
In typical fashion (of late), the story cites unnamed sources saying Toyota is “expected to consider quick fixes for the cash-strapped GM, [...]
Popularity: 3% [?]
29Oct2008 | BlueFox | 0 comments | Continued
Corvette Chief Tom Wallace retiring
Tom Wallace, Corvette Chief at GM, will be retiring from the company at the end of the month. The news was delivered during an event at the Peterson Museum honoring Corvette history. While no reasons were given for the November 1st departure, there is speculation that it could be related to the timing of the [...]
Popularity: 3% [?]
26Oct2008 | BlueFox | 0 comments | Continued
Buick rethinking Tiger Woods endorsement contract
Tiger Woods has been a Buick spokesman since 1999, but both General Motors and the greatest golfer of all time are in a holding pattern regarding a new endorsement contract. Tiger’s current deal, which expires in 2009, was reportedly for $40 million over five years. Though getting Tiger was a coup for Buick, many wonder [...]
Popularity: 3% [?]
25Oct2008 | BlueFox | 0 comments | Continued