general motors

Auto
10:58 am
Wed March 6, 2013

Former GM executive tapped for Toyota board

Toyota has tapped a former executive at U.S. rival General Motors to be on its board, the first time in the Japanese automaker's 76-year history it is appointing board members from outside the company.

The appointment of Mark Hogan, effective April 1, is a key part of the sprawling management changes Toyota Motor Corp. announced Wednesday. They underline its efforts to grow more international, nimble, transparent and responsive to regional markets.

Toyota set up a new division called "No. 1" to oversee North American, European and Japanese markets, and another "No. 2" for emerging markets. It also promoted four non-Japanese managers to oversee regional businesses.

Besides Hogan, two Japanese, from insurance and securities sectors, were picked as outside board members. The board appointments require the approval of shareholders.

Auto
5:23 pm
Fri March 1, 2013

Ford, GM and Chrysler posted gains in February sales

February was a good month for the Big 3.

The increase is a sign that U.S. auto sales remain strong even in an uneven economy.

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Auto
10:06 am
Fri February 15, 2013

GM profit down, but "seeds planted" for growth, says CEO

New 2014 GMC Sierra. This vehicle and 2014 Chevy Silverado will be big profit generators for GM
General Motors

General Motors made nearly $5 billion in 2012.

That's down a lot from 2011, when the company made $7.6 billion.

But GM CEO Dan Akerson says it was a strong year for the company nonetheless.

He says G-M "planted the seeds of growth in every region of the world."

The Detroit automaker reduced its pension obligations, bought an international finance division, and put new cars in the pipeline for 2013 and beyond.

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Auto
4:12 pm
Tue February 5, 2013

GM has its best sales month in China

Shanghai GM. GM's Chinese unit sold 154,220 vehicles in Jan. 2013.

General Motors reported today it sold more than 300,000 vehicles in the month of January, 2013 - it's best month in China ever.

From a GM press release:

General Motors and its joint ventures sold more than 300,000 vehicles in a single month for the first time ever in China last month. January sales totaled 310,765 units, an increase of 26.0 percent from the same month in 2012 and 15.9 percent above the previous all-time monthly high of 268,035 units in January 2011.

Domestic sales by Shanghai GM and SAIC-GM-Wuling, and their Buick, Chevrolet and Wuling brands all set new single-month records as well in January.

The company wholly owns two foreign enterprises in China, and has 12 joint ventures.

It employs more than 55,000 people in China.

Politics & Government
7:44 am
Thu January 31, 2013

This morning's news: Juvenile lifers, road funding, and GM invests in Michigan

User: Brother O'Mara flickr

Judge says prisoners sentenced as juveniles should get parole hearings 

Judge John Corbett O'Meara says a 2012 U.S. Supreme Court decision striking down mandatory no-parole sentences applies retroactively to Michigan inmates already behind bars.

There are more than 350 inmates in Michigan prisons serving life without parole for crimes they committed as juveniles, and there's been a lot of debate about whether these inmate should get a shot at parole.

The Detroit Free Press has the story of one of those prisoners this morning.

...life has never been simple for Jennifer Pruitt. Her 37 years have been punctuated by turmoil -- a tough upbringing, a life sentence for murder, repeated rapes in prison and glimmers of hope that quickly got dashed.

Road funding discussions get underway in Michigan legislature

In his State of the State address, Gov. Rick Snyder made roads a top priority. He called for new revenue to support road building. Whether that will mean higher taxes or higher fees for Michigan residents remains to be seen. Jonathan Oosting of MLive reports the discussions will get underway soon:

... a joint resolution introduced by Republican Sens. Randy Richardville, Roger Kahn and Bruce Caswell offers a simple starting point for discussions: A constitutional amendment to raise the state sales tax from 6 percent to 8 percent. As a trade-off for the increased sales tax, a related bill would eliminate the state's 19-cent-a-gallon gasoline tax.

Such a tax increase would require voter approval. Other plans, such as increasing gas taxes or registration fees, are being considered as well.

Investment in Pontiac, GM plans expansion

General Motors announced its consolidating some of its research and development operations and expanding its Global Powertrain Engineering Headquarters in Pontiac. Michigan Radio's Sarah Cwiek reports the company is expected to invest $200 million in the Pontiac facility.

GM estimates the move will move about 400 jobs now in various facilities to Pontiac. The investment is part of a GM commitment to invest $1.5 billion in North American facilities across the state and the country.

GM officials say employees will start transferring to Pontiac as soonas the middle this year, and the expansion will be completed in mid 2014.

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Auto
10:26 pm
Wed January 30, 2013

GM to invest $200 million in Pontiac facility

Governor Snyder at the GM powertrain announcement
Credit GM

General Motors is expanding its Global Powertrain Engineering Headquarters in Pontiac, and consolidating some major research and development operations there.

The company says investing $200 million in a new test wing there will allow them to bring work that’s being done all over the country under one roof, and move faster in developing next-generation powertrain technologies.

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Politics & Government
10:13 am
Mon January 28, 2013

In this morning's Michigan news headlines...

User: Brother O'Mara flickr

Good crowds at this years' Detroit auto show

Another North American International Auto Show has wrapped up, and ticket sales were up yet again. The show drew more than 795,000 people, the best crowd since 2004 according to Chevy dealer and NAIAS committee member Scott LaRiche.

"We have seen an actual spring board over the last few years, and we're slowly climbing up there towards that 800,000 mark, and realistically,if you look at it from the standpoint of the media that attended, over 5,500 media, we did break the 800,000 mark," said LaRiche.

Now the car companies are on to the Chicago for that cities auto show.

Former Detroit Mayor Kwame Kilpatrick's trial continues after weekend jail stay

The Kilpatrick corruption trial continues after the former Detroit mayor had to spend the weekend in jail on a separate matter. From the Associated Press:

Former Mayor Kwame Kilpatrick has been released after spending the weekend in prison for violating parole in a 2008 conviction that booted him from office.

The Michigan Corrections Department says Kilpatrick violated parole by not disclosing all financial transactions last fall. He still owes Detroit $855,000 in restitution and must report details about his income and expenses.

Kilpatrick will go from jail to federal court where the corruption case against him and several of his associates has been going on since September.
  Toyota is King again
  The Detroit News says so:
  Now it's official: Toyota is once again the world's top automaker. 

Toyota Motor Corp. released its tally for global vehicle sales for last year Monday at a record 9.748 million vehicles — a bigger number than the estimate it gave last month of about 9.7 million vehicles.It was already clear Toyota had dethroned General Motors Co. as the Detroit-based automaker fell short, selling 9.29 million vehicles.

 GM first lost their top-selling title to Toyota in 2008, then GM regained the title in 2011 after the earthquake and tsunami in Japan. 2012 showed that Toyota is up and running again.
  Since we're talking about this horse race, we should note that Volkswagen is close behind as the world's third largest automaker.

Auto
10:44 am
Fri January 25, 2013

The dark side of Detroit's auto show: dreaded scrums

Reporter Sharon Carty looks in camera during a scrum with former General Motors Chairman and CEO Ed Whitacre.
Jeff Kowalsky


For the average person, there's a lot of "wow" at the North American International Auto Show.

But for reporters and auto company executives, that "wow" can sometimes be more like "ow."

Especially during the impromptu, free-for-all press conferences that are known as "scrums."

Problem is, nobody tells you what a scrum is before you attend your first Detroit auto show.

They all wait until it's too late to back out. It's almost a kind of hazing.

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Auto
2:35 pm
Fri January 18, 2013

U.S. Treasury announces plan for remaining GM stock

GM's headquarters in downtown Detroit
Mark Brush Michigan Radio

After General Motors bought 200 million shares back from the U.S. government last month, the government's stake in GM was down to about at 19 percent.

Today, the U.S. Treasury Department announced it has a "pre-arranged written trading plan" for selling its remaining 300.1 million shares of GM stock.

The process is expected to take place over the next year to 15 months ("subject to market conditions"), and will end almost four years of partial government ownership of the car maker.

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Auto
1:24 pm
Thu January 17, 2013

GM to close plant near Flint, workers shocked by news

GM announced today the Weld Tool Center in Grand Blanc, Michigan will be closing.
GM Facebook

In another blow to the Flint area, GM announced it will close its Weld Tool Center in Grand Blanc.

The plant is located just southeast of the city of Flint.

Workers at the plant make robotic welding tools used to build cars like the Chevy Cruze, the Volt, and the Sonic.

GM spokesman Tom Wickham said the plant's 323 hourly workers and 28 salaried workers will be offered jobs at other GM plants in the region, according to MLive:

The employees were notified this morning the plant would be shut down, Wickham said...

There are no immediate plans as to what the facility will be used for in the future, Wickham said.

Shaun Byron of MLive talked with some of the workers at the plant who were shocked by the news:

Brad Keskinen of Davison worked with GM since 1977 and at the Grand Blanc Township plant since 2007.

“I’m really disappointed. I thought we had a smart, productive workforce. But it’s evident that the work model was set up for failure,” Keskinen said. “And the announcement comes to a shock to us.”

GM recorded the 'economic impact' of the plant as follows:

  • Wages: $46.5 million (2011)
  • Payroll Taxes: $9.7 million (2011)
  • Property Taxes: $866,000 (2011)

Operations at the plant are expected to wind down in July of this year.

The plant was first built by the U.S. government in 1942. Sherman and Pershing tanks were built there.

Auto
10:06 am
Wed January 16, 2013

GM predicts modest profit growth in 2013

GM Headquarters in downtown Detroit.
Mark Brush Michigan Radio

DETROIT (AP) - General Motors says it expects only a modest increase in pretax profits this year, as it rolls out many new cars and trucks worldwide.

The company also expects global auto sales to grow modestly this year, driven by the U.S. and China.

The company told investors at a Deutsche Bank industry conference in Detroit that its pretax profit margin in North America should rise from 8 to 10 percent in the next three or four years. Profit margin is a measure of how much the company earned after costs of doing business.

GM posted nearly $4 billion in net income during the first nine months of last year, including almost $1.5 billion in the third quarter. The company will announce fourth-quarter and full-year earnings in a few weeks.

Auto
3:01 pm
Mon January 14, 2013

Toyota tops GM in global auto sales

A.N.M flickr

With projected vehicle sales of 9.7 million in 2012, Toyota has once again dethroned General Motors as the world’s top-selling automaker.

GM increased its global vehicle sales to 9.29 million but could not keep pace with the Japanese automaker as it unveiled new versions of its popular Camry model.

German automaker Volkswagen followed close behind with 9.07 million in global sales.

Christine Tierney of The Detroit News has more:

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Auto
8:20 am
Mon January 14, 2013

Cadillac ATS wins 2013 Car of the Year Award

Members of the Cadillac team react to the win.
Mark Brush Michigan Radio

A group of 49 automotive journalists from North America chose the Cadillac ATS as the 2013 Car of the Year.

The announcement was made this morning during the press preview of the Detroit Auto Show.

The Cadillac was among two other finalists, the Ford Fusion and the Honda Accord.

In a statement, Bob Ferguson, GM's vice president of global Cadillac said "this is a very meaningful honor for the entire Cadillac team, especially the men and women who build the ATS in Lansing, Michigan, and our dedicated and talented designers and engineers."

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Auto
9:47 am
Fri January 4, 2013

GM recalls 55,000 vehicles to fix shifter problem

2013 Cadillac Escalade
media.gm.com

DETROIT (AP) - General Motors is recalling nearly 55,000 pickup trucks, SUVs and vans because they can roll away unexpectedly.

The recall affects certain 2013 models of the Chevrolet Silverado, Suburban, Tahoe, Avalanche and Express. Also included are the GMC Sierra, Savana and Yukon as well as the Cadillac Escalade.

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Auto
10:37 am
Thu January 3, 2013

Commentary: Forgetting our heritage

Lessenberry essay for 1/3/13

The North American International Auto Show will be starting at Detroit’s Cobo Center in a couple weeks, and anyone who cares about cars can go see virtually every new model in existence.

This has been an annual tradition for more than a century. But I’ve thought for a long time that we don’t do nearly enough to celebrate the amazing heritage of our signature industry.

Think about it. Motor vehicles, primarily cars, are what transformed Michigan from a farm state not all that different from Iowa into the industrial powerhouse that put the world on wheels.

That’s fascinating, and there are few of us whose lives are not connected to the auto industry in some way.  But where do you go to learn about and celebrate that heritage? Sadly, fewer and fewer places.

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Auto
2:42 pm
Wed December 19, 2012

GM's new Camaro will be built in Lansing, Canadian union upset

GM says the next generation Chevy Camaro will be assembled in Lansing.
GM

General Motors announced today that the next generation of the Camaro will be built at the Lansing Grand River (LGR) Assembly Plant. The Cadillac CTS and ATS are currently assembled at the Lansing plant.

The move could take a few years, according to the Detroit News.

The current model Camaro is built in Oshawa, Ontario.

The announcement sparked concerns that the move would lead to job losses at the plant in Canada.

Dana Flavelle of the Toronto Star reports the effect on jobs is not known yet.

“At this stage, there’s no immediate impact on employment. In the longer term, we really can’t speculate at this time,” GM Canada spokesperson Faye Roberts said in a conference call with reporters.

The timing will depend on when the product life cycle of the current generation Camaro comes to an end. “We haven’t said a specific time,” Roberts said.

In a statement, GM said "lower capital investment and improved production efficiencies" were reasons for their decision.

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Auto
11:50 am
Wed December 19, 2012

'Government Motors' no more?

GM's headquarters in Detroit.
John F. Martin Creative Commons

The U.S. Treasury Department and General Motors announced today that company will buy 200 million of the U.S. government's 500.1 million shares in GM.

GM will pay $27.50 for each share. That's 7.9 percent more than yesterday's closing price of GM stock.

The sale, expected to be completed by the end of the year, will reduce the government's stake in the company to around 19 percent.

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Economy
1:27 pm
Tue December 4, 2012

What did we get for all those tax breaks to corporations?

A New York Times analysis casts doubt on the effectiveness of all those tax breaks Michigan cities have been giving to corporations in return for new jobs - or just to keep them from leaving town.

The story prominently features tax breaks given to General Motors, before the automaker filed for bankruptcy.

In the end, the money that towns across America gave General Motors did not matter.....

Business
3:46 pm
Mon December 3, 2012

Stateside: Chinese cars yet to motor along U.S. roads

A Chinese-built truck in Belarus. China still has further to go before it will place its cars in the American market.
user Ritzo ten Cate Wikimedia Commons

Michael Dunne, president of Dunne and Company, talks cars and China.

China continues to be the world’s largest automotive market.

However, Chinese car manufacturers are still several years away from putting their products in the U.S. market, according to Michael Dunne.

Dunne is the president of Dunne and Company, a strategic marketing group helping auto companies expand in Asia.

Dunne addressed the status of China’s car industry, citing economic tensions with Japan.

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Auto
10:27 am
Mon December 3, 2012

A November to remember for U.S. automakers

GM and Chrysler suffered through bankruptcy in large part because it relied so heavily on SUV sales.
user ep_jhu Creative Commons

GM, Ford, and Chrysler all say November sales were the best they've seen in a long time.

More from the Detroit News:

General Motors Co. said Monday it had its best November sales month since 2007, as its 186,505 sales rose 3.4 percent over the same month in 2011...

Ford Motor Co. posted November sales of 177,673, an increase 6 percent, with retail sales jumping 12 percent...

Chrysler Group LLC earlier reported its best November sales since 2007, as it sold 122,565 vehicles in the month, up 14.4 percent from the same month in 2011.

Michigan Radio's Tracy Samilton will have more for us on these numbers later today.

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