General Motors

6:03 pm
Mon September 10, 2012

The math behind the Chevy Volt, will it ever add up for GM?

Lead in text: 
Reuters reports on the numbers behind the Volt - "There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce."
Mon Sep 10, 2012 12:18am EDT (Reuters) - General Motors Co (GM.N) sold a record number of Chevrolet Volt sedans in August - but that probably isn't a good thing for the automaker's bottom line.
Auto
2:36 pm
Mon September 10, 2012

Big 3 U.S. automakers facing strikes in Canada?

Jeff Smith Flickr

There's one week left in contract negotiations with the Canadian Auto Workers union, and it appears there are still some major sticking points in negotiations.

We posted last week that the union voted to authorize a strike if they determined one was needed.

Reuters reports plans for a potential strike are moving forward.

Strike captains at the union, which represents about 20,000 members at the three companies, were to meet in Toronto on Monday to advance plans for a triple strike.

"All three bargaining committees are determined to reject these demands and reach a fair deal," the CAW said in a leaflet distributed to members on Monday.

"The union recognizes the fragility of the industry and the need to stabilize fixed costs, while finding a solution rewards members' work. Unfortunately, our efforts have not been met with equal willingness by the companies to negotiate fair terms," the leaflet said.

The last time the Canadian Auto Workers went on strike was in 1996.

Auto
10:37 am
Tue September 4, 2012

U.S. automakers report strong sales numbers for August

August was a good month for U.S. automakers
Lester Graham Michigan Radio

August was a good month for U.S. automakers compared to a year ago. In total, the big three sold more than 585,700 vehicles last month.

Chrysler had its best month since August 2007, according to the AP, and had sales of more than 148,000 vehicles. They say their sales were led by demand for the Dodge Ram pickup truck.

Ford sold 197,249 vehicles in August, and in a press release said high gas prices led more people to their lineup of vehicles.

“As fuel prices rose again during August, we saw growing numbers of people gravitate toward our fuel-efficient vehicles – cars, utilities and trucks,” said Ken Czubay, Ford vice president, U.S. Marketing, Sales and Service.

And General Motors sold 240,520 vehicles in August. More than Ford or Chrysler.

In their press release, GM said it's ready for gradual improvements in the economy.

“The single message Chevrolet communicated this summer was ‘confidence’ and it rang true with customers when they saw how our product lineup is being transformed,” said Kurt McNeil, vice president of U.S. sales operations. “All four of our brands are building momentum behind new products so we’re very well positioned as the economy continues to slowly improve.”

2:02 pm
Wed August 29, 2012

400 to 500 jobs at American Axle in southwest Michigan

Lead in text: 
American Axle told the Detroit Free Press this morning it plans to "add 400 to 500 jobs in the next couple years" at its Three Rivers driveline plant in southwest Michigan. The company builds drivetrains and driveline systems and components for auto and truck manufacturers. Its biggest customers are Chrysler and GM.
Richard (Dick) Dauch, the combative and sometimes controversial cofounder and CEO of American Axle & Manufacturing since its creation in 1994, is handing over the reins as chief executive to his son David Dauch, effective Saturday. Dick Dauch, 70, will stay on as executive chairman of Detroit-based AAM.
Economy
1:18 pm
Tue August 28, 2012

GM will take Volt plant off-line for second time in 2012

The redesigned 2014 Impala
User IFCAR Wikimedia Commons

In mid-September, General Motors will temporarily close the Detroit-Hamtramck plant that makes the Chevrolet Volt for about a month.

Read more
Auto
10:57 am
Mon August 27, 2012

Canadian Auto Workers authorize strike against Ford, Chrysler, GM

User: dmealiffe flickr.com

The Canadian Auto Workers union said today its members have voted to strike against Chrysler, Ford, and GM, if necessary.

The Detroit News reports the CAW is negotiating new contracts with the automakers. Current contracts are set to expire on September 17:

The CAW is expected to meet with the automakers Monday and Tuesday in downtown Toronto.

Read more
Economy
3:21 pm
Tue July 31, 2012

Finding ways to revitalize old auto plant sites in Flint, Lansing on the agenda for tomorrow

A cyclist rides on what had been the site of an auto plant in Lansing Township
Steve Carmody/Michigan Radio

Officials from Lansing and Flint are hoping a conference this week will help convince investors to redevelop some former General Motors auto plant sites.

Local leaders will meet with federal and state officials in Lansing Wednesday to discuss how to revitalize former auto plant sites in their cities. The group is going on a bus tour of the sites in Lansing this afternoon.

Read more
Auto
2:20 pm
Thu July 26, 2012

GM has high hopes for the 2013 Cadillac ATS

2013 Cadillac ATS rolled off the assembly line for the first time today in Lansing, Michigan
Steve Carmody/Michigan Radio

General Motors’ big hope to grab a share of the luxury compact segment rolled off the assembly line in Lansing today.  Tomorrow, the Cadillac ATS rolls on to the world stage.

Read more
Auto
10:40 am
Fri July 20, 2012

Deadline day for GM retirees pension buyout offer

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

Today is the deadline for more than 40,000 General Motors retirees to accept their former employer's offer of a lump sum buyout of their pensions.

Otherwise, their pensions will be taken over by Prudential Insurance.

GM's Randy Arrix said the change is part of the company's efforts to create what it calls a "fortress balance sheet."  Getting underfunded pensions off the books strengthens the balance sheet.

"Pension obligations are very volatile, and they're volatile because they're dependent on some things within our control like contributions, and other things that are not, said Arrix.

Some GM retirees are angry about the change, which they see as a broken promise by GM, but for others, the buyout is an opportunity to control their own money.

Auto
1:01 pm
Tue June 19, 2012

GM recycling reaches a milestone

General Motors saves hundreds of millions of dollars a year recycling. Everything from old lead acid batteries to wooden pallets.
Steve Carmody/Michigan Radio

General Motors is celebrating an environmental milestone. The company says a Lansing autopart distribution center is the automaker’s 100th facility to go “landfill free.”

Read more
Auto
2:03 pm
Tue June 12, 2012

GM shareholder meeting today amid sagging stock numbers

The track of GM stock prices since the IPO in November in 2010.
screen grab WSJ MarketWatch

Update 2:03 p.m.

General Motors CEO Dan Akerson told stockholders at today's annual meeting that "he regrets GM's stock hasn't done well." GM's stock price is hovering around $22 a share.  

That's a big drop from 2010, when GM held an initial public offering and the stock sold at about $33 a share.

"I mean it's great we had a good year last year, why is the stock down? Because there's uncertainty into the future.  The most obvious is, uh, Europe," said Akerson.

Read more
Memorial Day
10:29 am
Tue May 22, 2012

GM group to honor U.S. military fallen today

Alan Crosthwaite

General Motors' Customer Care and Aftersales (CCA) Veterans Affinity Group (VAG) will honor U.S. Military personnel who lost their lives in Afghanistan at the first annual "Field of "Flags" event.

The formal semi-military event, featuring U.S. Navy Color Guard members and Military Buglers, will be held Tuesday, May 22 from 1:00-2:00 p.m., at the GM CCA Willow Run Complex located at 50000 Ecorse Road, Belleville, Mich., 48111. The event is also in conjunction with the GM UAW local 174.

"The Field of Flags event leading up to Memorial Day is another way we can honor their commitment and say thank you to the members of the U.S. Armed Forces and their families for their courage, service and sacrifice," said Steve Hill, GM North America Vice President of CCA and GM's corporate champion for the group. "This is a grassroots event sponsored by our employees, who have a passion for this cause, and spend their own time to demonstrate their support and respect for the U.S. Military."

Approximately 2,000 flags will be planted in a field on the lawn of the facility. The ceremony will include the raising of an American flag flown over Afghanistan, the playing of "The National Anthem" and "America the Beautiful," the reading of the "Field of Flags" declaration, remarks by guest speaker Steve Hill, a special CCA VAG presentation, the planting of the final flag and a memorial wreath, the ringing of a ships bell honoring service members lost, Taps, and the presentation of the flag flown over Afghanistan.

GM's VAG Customer Care and Aftersales, headquarters in Grand Blanc, conducts fundraising activities to support GM employees who are U.S Military Veterans, in the Reserves or National Guard. To date, the group has raised $20,000 for Piquette Square, a non-profit organization in Detroit that helps homeless veterans. Additionally, it provides support through various activities such as sending care packages and phone cards troops abroad.

"Our group's overriding objective is to take care of the military men and women who take care of us," said Don Gore, president of the Customer Care and Aftersales VAG Chapter. "I am proud of the job our team has done, which has resulted in overwhelming support for veterans, deployed military and fellow employee reservists."

Read more
Auto/Economy
2:00 pm
Wed April 18, 2012

Former GM plant rebranded to attract new global company

The former GM plant is located near US-131 and 36th street in Wyoming. This is a picture from November 2010, before the plant was demolished.
Lindsey Smith Michigan Radio

A former General Motors plant in a Grand Rapids suburb is getting new life and a new identity.

The 2 million square foot stamping plant in Wyoming, Michigan was the first manufacturing plant sold after GM’s bailout. The more than 75 year old plant is almost completely demolished now. The plant was once the city of Wyoming’s largest taxpayer and employer.

Now it’s been rebranded as “Site 36”. (It’s located on 36th street in Wyoming.)

“We cannot go to a customer, a company, a site consultant and say ‘well we’ve got a former General Motors site.’ Okay? That brings with it a certain image,” said Birgit Klohs, President and CEO of The Right Place. It’s an economic development group based in Grand Rapids that’s helping market the site to international companies.  

Klohs says rebranding the site is important for the people who live here too. “We’re done grieving. We need to come up with the next strategy and rebranding to us was a key issue for us in saying it’s time for the 21st century,” Klohs said.

Read more
Developing
2:35 pm
Wed April 11, 2012

Explosion at GM Tech Center in Warren, Michigan

GM's Technical Center in Warren, Michigan.
user localhero wikimedia commons

Update 2:35 p.m.

The Detroit News reports that Warren Mayor James Fouts toured GM's Tech Center after the exposion. He said he had a "chemical taste in his mouth" when touring the site.

"I just want to say how very fortunate we are that only one person was seriously injured," said Fouts, who toured the site after the fire was extinguished. "There were 80 people in that building, but only one person received a possible concussion and some chemical burns, from what I've been told."

...According to Fouts, the building housing the research lab received considerable damage.

Fouts said three "very large windows were blown out and thick, fortified doors were forced open by the blast."

The News reports that a GM official said the hospitalized worker "is expected to make a full recovery and that the injuries are not life threatening."

1:27 p.m.

GM says the explosion was unrelated to the Chevrolet Volt or any other production vehicle.

"The incident was related to extreme testing on a prototype battery," officials said in a statement.

11:32 a.m.

There was an explosion at the General Motors Technical Center in Warren, Michigan this morning.

The Detroit Free Press reports on one person who was seriously injured in the blast:

A woman working in a battery research laboratory was taken to St. John Hospital and Medical Center in Detroit, Warren Fire Commissioner Wilburt (Skip) McAdams said.

“She is conscious; she’s in a lot of pain. She’s a ‘Priority 2,’ which means she has life-threatening injuries,” McAdams said.

More from the Detroit News:

One person was transported to a hospital and four others were being evaluated Wednesday after a lithium battery exploded at a battery research lab at the General Motors Technical Center.

"We are aware of an incident this morning about 8:45 a.m. in one of the laboratories at the Alternative Energy Center at the General Motors Technical Center in Warren, Mich.," GM said in a release. "Fire and emergency authorities were called to the scene. The building was evacuated. All employees have been accounted for. We are aware of five employees being evaluated on scene by medical personal and only one employee is being further treated.

The incident is still under investigation by GM and the Warren authorities. Any information or discussion of the nature of the work in the lab or cause of the incident is entirely speculative and cannot be confirmed at this time."

Auto/Economy
1:44 pm
Mon April 2, 2012

GM extends summer shutdown at Volt factory

user Mariordo wikimedia commons

GM is planning to extend a production slowdown for its extended-range electric car, the Chevy Volt.

Last month, Michigan Radio's Tracy Samilton reported that GM was halting production of the Volt for five weeks in March and April to reduce inventory, in part because of lower-than-anticipated demand.

Samilton wrote:

The car has been highly praised, but it’s expensive.  Even with a $7,500 federal rebate, the Volt still costs about $32,000.  Meanwhile, people can buy a highly fuel-efficient regular car for much less – including GM’s own Chevy Cruze, which costs about $19,000.

Additionally, the Volt facility was scheduled to be shut down for two weeks in July---a common practice for car factories---but GM has now extended that period to three weeks, again citing a need to reduce inventory.

But according to the Associated Press, "a spokeswoman says the company sold a record number of the electric cars in March and may cancel the extra week if strong sales continue."

-John Klein Wilson, Michigan Radio Newsroom

Auto/Economy
6:28 pm
Wed March 14, 2012

Recycling a former home of Lansing's auto industry

Economic development leaders hope to turn this playground for bikers in Lansing Township back into a home for automotive manufacturing
(photo by Steve Carmody/Michigan Radio)

 Lansing area business and civic leaders say they are going to work together to market hundreds of acres of vacant industrial land.

The capital city region has more than 400 acres of land left vacant by cuts in the auto industry.

Bob Trezise is the president of the Lansing Area Economic Partnership.  He says in the past the different local governments tried to develop the old industrial land separately..

Year after tsunami - cars
10:38 am
Mon March 12, 2012

Japanese car companies 1 year after tsunami

Douglas Sprott / Flickr

Japanese car sales in the U.S. have nearly recovered, a year after a tsunami devastated parts of Japan.  

The disaster affected many Honda and Toyota suppliers, and the companies’ car inventories in the U.S. plummeted. 

Michelle Krebs is with Edmunds.com.  She says Hyundai and Kia, along with Ford, General Motors and Chrysler, all benefited from the situation.  

"The market share runs about 45-46% for the Big Three in the U.S.," notes Kreb.  "That shot way up to 50.3 % - a number we hadn’t seen in a long time."

Read more
Auto/Economy
7:43 pm
Fri March 2, 2012

Chevy Volt production temporarily shuts down due to low demand

General Motors will temporarily suspend production of its electric car with extended range, the Chevy Volt, to manage excess inventory on dealer lots. 

The decision puts about 1,200 employees at GM’s Detroit Hamtramck plant on layoff. 

The Volt assembly line will shut down between March 19th and April 23rd, to give dealers time to sell the Volts they already have.    

Demand for the Volt has been lower than GM anticipated. 

The car has been highly praised, but it’s expensive.  Even with a $7,500 federal rebate, the Volt still costs about $32,000.  

Read more
Auto/Economy
4:17 pm
Wed February 29, 2012

GM forms alliance with Peugeot to stem Europe losses

GM CEO Dan Akerson and PSA Peugeot Citroen Chairman of the Managing Board Phillipe Varin
GM

General Motors is forming an alliance with French carmaker Peugeot to help the company make progress in getting to a breakeven point in Europe. 

GM made a record profit last year, but it was no thanks to Europe, where the company lost $700 million.  

The limited alliance with Peugeot will involve the joint development of some car platforms and joint parts purchasing. 

The companies estimate it will save a total $2 billion within a few years.

GM CEO Dan Akerson says the two companies will continue to compete in other areas.

Read more
Auto
10:04 am
Mon February 27, 2012

Auto Bailout Is Hot-Button Issue In Michigan

Originally published on Mon February 27, 2012 7:03 am

Transcript

STEVE INSKEEP, HOST:

General Motors made a record-breaking profit last year. And to date, taxpayers have recovered close to half the $50 billion federal investment in the company. So the auto bailout worked, right? Wrong, say Republican presidential candidates, who insist the bailout was a huge mistake.

DAVID GREENE, HOST:

Michigan Radio's Tracy Samilton reports.

Read more

Pages