- Filed under: Government/Legal, Chrysler, GM
Without the government bailout of General Motors and Chrysler, the U.S. auto industry would likely have two fewer domestic automakers and hundreds of thousands of high paying jobs would be history. The Detroit News reports that ex auto task force chief Steve Rattner recently told an audience at a bankruptcy conference that the state of Michigan and the city of Detroit would have faced municipal bankruptcy if Chrysler and GM were liquidated.
Instead, Rattner claims the government bailout not only saved untold thousands of jobs and two enormous American car companies, but the price tag for the government is shrinking as time goes on. Initial estimates by the task force showed that the auto bailout would cost U.S. taxpayers $20 billion or $30 billion after GM and Chrysler's initial stock sale, but Ratner claims that the current price tag is $10 billion or less. The estimated loss has gone down due in part to the fact that old GM's assets are worth more than previously estimated and The General is turning around its operations more quickly than originally thought. If GM continues to surprise and delight, the government may even make some money when it goes public with a stock offering this year or next.
Would the city of Detroit and the state of Michigan have gone bankrupt if GM and Chrysler were liquidated? There is no way to be sure, but if the government hadn't stepped in and bailed them out, its inaction would have probably cost taxpayers untold billions of dollars as well.
[Source: The Detroit News | Image: Neilson Barnard/Getty]Rattner: Auto bailout saved Michigan from bankruptcy originally appeared on Autoblog on Thu, 11 Mar 2010 13:59:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Truck, Work, GM, GMC, Luxury
2011 GMC Sierra Denali HD - Click above for high-res image gallery
GMC, the "Professional Grade" truck maker under the General Motors umbrella, isn't finished adding luxe touches to its Heavy Duty series of Sierra pickup trucks. Just yesterday, GMC rolled out a brand-new Denali version of the HD pickem-up truck, but later this year at launch it will be available only as a crew-cab, four-wheel drive, single-rear wheel, three-quarter-ton model.
Before the end of the year, though, GMC will begin spreading the Denali love down its entire line-up of heavy haulers, and PickupTrucks.com is reporting that the dual-rear wheel dually chassis will be included. Naturally, a choice of either the 6.0-liter gasoline-powered V8 or the torque-tastic 6.6-liter Duramax diesel V8 will be the biggest choice at the time of purchase, followed by the buyers selection of either black, gray or white. Pricing has not yet been announced.
[Source: PickupTrucks.com]Report: New GMC Sierra Denali HD to get the dually treatment originally appeared on Autoblog on Thu, 11 Mar 2010 13:28:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Marketing/Advertising, Chevrolet, GM
General Motors is working hard to improve the image of its core brands, and the largest GM division, Chevrolet, will be getting some fresh new marketing in the near future. The theme, "Excellence for Everyone" will debut in ad spots over the next two months.
In a web chat yesterday, GM's North American president Mark Reuss told the Detroit Free Press that Chevrolet will be using the Camaro and Corvette more frequently in its advertising to improve the brand's overall image. "When have you ever seen 'Vettes and Camaros in ads for Equinox and Malibu?" Reuss stated. And speaking of the Malibu, Reuss says that GM needs to "re-energize the car," so expect a new set of ads focused around Chevy's well-liked midsize sedan, as well.
[Source: Detroit Free Press | Image: Stan Honda/AFP/Getty]Chevrolet to employ new "Excellence for Everyone" ad campaign originally appeared on Autoblog on Thu, 11 Mar 2010 09:28:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Truck, Work, GM, GMC, Misc. Auto Shows, Diesel
2011 GMC Sierra Denali HD - Click above for high-res image gallery
For the first time in its history - and considering that the company has been around for over 100 years, that's significant - GMC decided to make an official appearance at the National Truck Equipment Association show in St. Louis. And the Professional Grade brand brought along the heavies... specifically, the 2011 GMC Sierra Denali HD.
When the truck hits the market later this year, it will be the first time that GMC has offered a Denali version of its Heavy Duty truck platform. After giving the truck a thorough once (and even twice) over, we have to say that the Denali, even with all of its drilled-out chrome highlights, looks rather subdued and classy in all-black paint. And, though we certainly appreciate the in-your-face attitude of General Motors' two main competitors in the pickup wars, we'd say that understated appearance is a good thing.
Inside, you'll find the expected luxury trimmings, including heated and cooled leather seats and a matching wood-trimmed heated steering wheel, along with some nice details like Denali-specific door sill plates. All that is well and good, but the big news resides under the truck's big black hood: a revised 6.6-liter Duramax V8 diesel engine, which is mated up to a stout Allison 1000 six-speed automatic transmission.
For those who like to keep track of these thing, which is to say every single person who's actually interested in purchasing one of these earth-moving behemoths, GM's latest Duramax beats out the 2011 Ford Super Duty in the all-important horsepower and torque wars with 397 horsepower and 765 pound-feet. Wanna pull a ten-ton load? No problem. That powerplant is also more fuel efficient (by 11 percent) and cleaner than the unit it replaces.
Interestingly, GM representatives tell us that they had a bit of a back-and-forth with the Feds regarding how best to handle the required refilling of the diesel exhaust fluid tank, which won't run dry for about 5,000 miles between fill-ups. It seems that when the truck gets dangerously low on the exhaust treatment, its speed will be capped at 55 miles per hour. If you run out, the computer nannies will keep you to just a four mph crawl so that you'll never be stranded completely. Want more? Check out our gallery of high-res images below and click here for the rest of the details.
NTEA 2010: 2011 GMC Sierra Denali HD puts the Heavy in Heavy Duty originally appeared on Autoblog on Wed, 10 Mar 2010 16:59:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Truck, Chevrolet, Ford, GM, GMC, Diesel
2011 GMC Sierra Denali HD - Click above for high-res image gallery
Not even a month ago, at the end of our post on the 2011 Ford Super Duty engine specs, we wrote: "General Motors, there's a big ass ball in your court." Someone at GM has apparently grabbed their big ass racket and said, "Oh, I got this...", then smacked the ball right back into play. The Ford's measurements 390 horsepower, 735 pound-feet of grunt. The General has just announced that its 6.6-liter Duramax turbo diesel has 397 horsepower and 765 lb-ft. of torque, a jump of 32 horsepower and 105 lb-ft. over the previous Duramax.
A closer look at the numbers does reveal some give-and-take, however. The Ford's maximum tow rating is 21,600 pounds, while GM's is 20,000 pounds. And while not exactly engine related, the Ford truck also has a higher max payload than the GM twins. Still, the RenCen pickups take the power crown, and the new Duramax is more efficient than the previous one - GM didn't put a specific mileage number to it, but claims 680 miles of highway going possible from the 36-gallon tank. You'll find GM's press release on the new engine after the jump.
In related news, GM has released the first image of its GMC Sierra Denali HD pickup, mechanical and sheetmetal twin of the Chevrolet Silverado HD. There's an additional press release after the jump for it as well.
So... anyone else want to take a swing at that even bigger ass ball?
[Source: General Motors via PickupTrucks.com]Continue reading GM quickly one-ups Ford with 2011 Duramax diesel ratings, shows off GMC Sierra Denali HD
GM quickly one-ups Ford with 2011 Duramax diesel ratings, shows off GMC Sierra Denali HD originally appeared on Autoblog on Wed, 10 Mar 2010 08:29:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Car Buying, Marketing/Advertising, GM, Toyota
Recently, General Motors has been offering special buying incentives specifically tailored to steer people away from Toyota and Lexus dealerships, and even get current Toyota owners out of their cars. And while most people look at this as just a clever marketing technique to promote other automakers in the wake of Toyota's recall wound, a group of dealers are none too happy about the marketing campaign. What's more, because the U.S. government currently owns a 60 percent stake in GM, Toyota dealers have made accusations that American taxpayer dollars are being used to fund these incentives.
The Toyota National Dealer Council, which represents approximately 1,250 Toyota dealers across the United States, claims that using taxpayer dollars for this purpose is "reckless, unfair and detrimental to the entire auto industry." And while we believe it's a potentially rational argument for the TNDC to make, we must remember that no specific evidence has been presented to completely prove their point. GM may be mostly owned by the U.S. government, but it's still an autonomous company, and no one can say for sure if its marketing decisions are, in any way, influenced by the officials in Washington, D.C. Hit the jump to read the entire TNDC press release.
[Source: Toyota National Dealer Council | Image: Ronaldo Schemidt/AFP/Getty Images]Continue reading Toyota dealer group peeved over tax dollar use for GM incentives targeted at Toyota owners
Toyota dealer group peeved over tax dollar use for GM incentives targeted at Toyota owners originally appeared on Autoblog on Tue, 09 Mar 2010 19:24:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: SUV, Plants/Manufacturing, GM, Hummer, Off-Road
Hummer H3T - Click above for high-res image gallery
Unless a buyer for Hummer materializes in the next few months, General Motors will continue to wind-down its environmental group dart board. The slow death of Hummer has actually been in process since before The General announced that the sale of the brand to China's Sichuan Tengzhong Heavy Industrial Machinery fell through, as the company's Shreveport, LA facility stopped making H3 and H3T models in January.
But while Shreveport has been down for two months, it looks like the plant could dust off the H3 tooling to fill one more big order. Brandcentric site Hummerguy.net is reporting that GM is ramping up production of the H3 from April 12 to May 13 to fill a 849 unit order. The General reportedly didn't announce the purchaser of the reported mega Hummer order, but the Detroit, MI-based automaker did say that the order was not related to the brand's wind-down or sale.
We're thinking this news won't stop Hummer from off-roading into the sunset, but it does at least prove that there are still people that like Hummers. Now all GM needs is a Hummer lover with a spare $150 million laying around the compound to step up and buy the withering brand.
[Source: Hummer Guy]Hummer plant coming back online to fill 849-unit order? originally appeared on Autoblog on Tue, 09 Mar 2010 10:58:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Convertible, Coupe, Performance, Chevrolet, GM, Design/Style
Chevrolet 50th Anniversary Corvette Stingray Concept - Click above for high-res image gallery
The Chevrolet Corvette is a uniquely American invention. It's the quintessential sportscar from the land that brought us baseball and apple pie. Interesting, then, that General Motors would choose to seek out design studies from its various styling studios from all around the globe, particularly those in Europe.
According to AutoWeek, though, that's just what GM's vice president of global design, Ed Welburn, did late last year when the time came for The General to start drafting proposals for the next-gen Corvette. Why would GM consider looking at European design flavors for its oh-so-American, V8-powered, rear-wheel drive sportscar? Demographics. According to Welburn, "We have challenges in the States with the Corvette. The average age of the customer is really rising."
That average age, for those keeping track, is 54 years-old (so says the Power Information Network). And it seems that the import-favoring younger generation in America isn't all that interested in the current 'Vette, a fact that has undoubtedly played a part in the Corvette's 48-percent sales decline in 2009 over the previous year.
One thing's for certain - its certainly not the Vette's all-conquering performance that's holding it back. Perception seems to be a bigger problem. "We have to develop a design that feels trimmer, meaner, to go along with the incredible performance that the car has," said Welburn, referring to the notion that many believe the current Corvette looks too big despite being roughly the same size as the benchmark Porsche 911. We might also suggest that GM needs to gag the beancounters who will undoubtedly threaten to nickel-and-dime the quality out of the next Vette's interior.
Whatever the case, Welburn knows the car can't stray too far from its heritage. "It can't mutate into something that gets so far away from Corvette that it is no longer a Corvette," he said. It seems the future may hold very interesting things for the iconic Corvette within the next two or three years. We anxiously look forward to seeing what Chevrolet manages to cook up.
[Source: AutoWeek]Report: GM scouring the globe for next Corvette design, first time looking beyond U.S. originally appeared on Autoblog on Mon, 08 Mar 2010 15:28:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Government/Legal, GM
When U.S. domestic automakers were commuting back and forth between Detroit and Washington while begging for government funds in the fall of 2008, a big deal was made of the fact that their CEOs were traveling in private jets instead of driving company vehicles. The backlash from JetGate was substantial, as each automaker quickly ended the use of expensive airfare for corporate travel and signed on with less pricey charter services. But while the private jet became taboo for auto executives, other industrial magnates kept their jets, including former AT&T CEO and current General Motors top boss Ed Whitacre, Jr.
In fact, The Detroit News reports that Big Ed's retirement package from AT&T includes 10 monthly hours of access to a private plane. The pricey perk reportedly costs the telecommunications giant about $20,000 per month and Whitacre can use the jet for for whatever he wants. A spokesperson for GM says he doesn't use the jet for GM business, which makes sense given the fact that 10 hours only allows for about two round trips to Whitacre's San Antonio, Texas home. Whitacre's use of an AT&T jet may actually help GM a bit given the fact that many automakers pay for CEO travel to and from their out-of-state homes. In 2008, for example, Ford reportedly paid a whopping $344,109 for CEO Alan Mulally's non work-related travel expenses.
Lifetime use of a private jet is a pretty cool perk, but it's not Whitacre's only big ticket retirement item, either. He reportedly also gets $26,000 per year for a new car as well. We're thinking Whitacre also has access to any vehicle in the GM portfolio, so chances are that perk isn't being fully utilized right now. Unless, of course, Big Ed is actually paying for his GM vehicles. And why not? It's not like the new car is coming out of his pockets.
[Source: The Detroit News | Source Image: Bill Pugliano/Getty]Report: GM CEO Whitacre still flies on AT&T jets equipped with golden parachutes originally appeared on Autoblog on Mon, 08 Mar 2010 10:28:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Performance, SUV, GM, Saab, Spyker, Luxury
Spyker D12 Peking-to-Paris concept - Click above for high-res image gallery
We're all well aware that the recently sealed deal between Spyker and General Motors means good things for the ailing Saab brand - in fact, without Spyker's eleventh-hour intervention, the Swedish automaker would have been lost to the annals of history. Apparently, though, the Saab tie-up means good things for Spyker, too.
Believe it or not, it was four years ago that Spyker first showed off its Peking-to-Paris luxury SUV at the Geneva Motor Show, and now company head Victor Muller has reportedly announced that the monster 'ute is back on track. Not surprisingly, the finalized handshake with The General is partly to thank for the reinvigorated D12 program.
Consider the years of technical expertise that Spyker gained when it brought Saab on board, not to mention the additional production capability and manpower. It remains to be seen what powertrain Spyker will choose for its hulking SUV, but previous rumors had a supercharged mill from Cadillac underhood. We shall see.
[Source: Autocar]Report: Saab deal helps put Spyker D12 Peking-to-Paris back on track originally appeared on Autoblog on Sat, 06 Mar 2010 12:17:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: New York Auto Show, Spy Photos, Performance, Wagon, Cadillac, GM
Well, it sure looks like it. All credit for this one goes to one Aaron P., who emailed the following to us:
So I was walking down Grand Avenue in Downtown LA, and they were shooting a Caddy commercial. There was a covered car, which I thought was the CTS Coupe, but the wind blew off the cover and there was a CTS-V Wagon. I only had time to snag this pic before they put the cover back on but you can see the wagon lines. I hope that means its coming cause that would be an amazing car.
Hmm. Seems like Aaron got awfully close for this pic, a curiously *perfect* upskirt teaser, but regardless of the circumstances behind it, reports of the Cadillac CTS-V Wagon being given the green light date back to September of last year. It's basically been a guessing game of which show will provide the backdrop for its formal unveiling.
With New York the sole remaining major show on the U.S. circuit this year, and Bob Lutz's retirement scheduled to begin exactly one month after that, we'll bet our whole chip stack that El Generalissimo Roberto Maximo goes out with a bang, introducing the CTS-V Sport Wagon at the Javits Center, because the car in the above photo is most definitely a wagon, that is most definitely the "V" badge, and those are the correct wheels. Very badass, indeed.
Thanks to Aaron for the photo! Peekaboo: Cadillac CTS-V Wagon spied in L.A.? originally appeared on Autoblog on Sat, 06 Mar 2010 08:50:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Chrysler, Dodge, GM, Jeep
Just about every automaker posted February sales gains compared to the same month in 2009, and industry-wide sales were up 13 percent for the month. Even Chrysler posted its first year over year gain for the first time in 25 months, albeit by a mere 399 units. So is everybody at the company's Auburn Hills, MI headquarters celebrating? We're guessing the answer is no... due to the fact that a knee-wobbling 58 percent of those sales came to fleet customers.
Automotive News is reporting that only 35,832 of those 84,449 sales were made to retail customers. That's not good, folks. In better times, Toyota would be disappointed if it only sold 35,000 Carmry sedans to retail customers. When AN asked Chrysler about its low sales for the month, a spokeswoman reportedly said, "Fleet sales were very strong this month, and our company sales reflect that." Big fleet sales will reportedly be temporary, though, as the company still eventually plans to allocate only 25 percent of its sales to fleets.
But while that's bad news for Chrysler, Dodge and Jeep dealers, the company is likely at least happy that fleet customers are buying again. When the economy hit the skids in the fall of 2008, the fleet market went from a sales oasis for domestic automakers to a discount desert. Chrysler isn't the only automaker to rely on fleet sales in February, either. General Motors allocated 45,000 of its 144,000 vehicles to fleets, about 31 percent of its total sales.
[Source: Automotive News - Sub. Req'd]
Report: Chrysler ends 25-month sales skid by sending 58% of new vehicles to fleets originally appeared on Autoblog on Fri, 05 Mar 2010 18:31:00 EST. Please see our terms for use of feeds.
Read | Permalink | Email this | Comments - Filed under: Motorsports, Coupe, Performance, Chevrolet, GM
Autoblog tours Pratt & Miller shop - Click above for high-res image gallery
Racing improves the breed. How many times have you heard some automaker PR flack spout that line in order to justify a motorsports program? When it comes to NASCAR, which is still the most popular form of racing in the United States, it's clearly a complete fallacy. Open wheel racing, be it at Indianapolis or Monaco, largely falls into the same bucket. There is, however, one form of motorsports where there truly is a feedback loop: sports car racing like the kind on display in the American Le Mans Series.
One example is staring you in the face every time you look at the nose of a contemporary Corvette. When the C6 Corvette debuted, many fans complained about the styling, including the front air intake and the departure of the long running pop-up headlamps. The C6 brought a new larger central air intake and exposed, flush lighting. The design was influenced directly by the C5.R racing program and its need for better air-flow to the engine and brakes of the racecar. Learn more about the connection between Corvette production and racing after the jump.
Continue reading How a Corvette C6.R comes to life: Autoblog tours Pratt & Miller shop
How a Corvette C6.R comes to life: Autoblog tours Pratt & Miller shop originally appeared on Autoblog on Fri, 05 Mar 2010 15:58:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Government/Legal, Hirings/Firings/Layoffs, GM
According to Automotive News (which is citing four separate yet unknown sources), General Motors is preparing to reinstate more than 580 dealers that had applied for government-mediated arbitration to keep their franchises in the United States. For those keeping track, 580 represents exactly half of the 1,160 dealerships that signed up to go through the arbitration process. These selected dealerships would potentially be reinstated outside the process of arbitration.
GM will reportedly send letters to the 580-plus dealerships it has decided to reinstate, offering immediate restoration of their franchise rights, including the ability to order new vehicles. If a dealership does not receive a letter, GM has not chosen to restore its franchise rights and it will have the option to either settle with GM or enter the arbitration process if it so desires.
For those dealerships that aren't successful in their quest to regain franchise rights, well... there's always Sears, right?
[Source: Automotive News - sub. req'd | Image: Justin Sullivan/Getty Images]Hope on the horizon? General Motors reportedly to reinstate more than 580 dealers originally appeared on Autoblog on Fri, 05 Mar 2010 13:28:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments - Filed under: Car Buying, Marketing/Advertising, GM
General Motors just posted a 12-percent sales increase for the month of February, and now the automaker is hoping to continue its strong sales trend by offering 0 percent financing for 60 months on sales that occur during the month of March. Curiously, this announcement comes just a few days after Toyota started its own 0 percent campaign. GM's vice president for U.S. marketing, Susan Docherty, argues that the Toyota incentives had nothing to do with The General's decision to offer similar financing options, saying, "We're going headstrong into truck month for both Chevrolet and GMC, which is a traditional play that we have normally done during March."
GM's program will cover roughly 55 percent of all 2010 models on sale. What's more, the company is also offering 0 percent financing for 72 months on its remaining 2009 model inventory, covering about 97 percent of what's left on dealer lots.
We'll be interested to see if these incentives help boost sales for both Toyota and GM throughout the next month. We're also wondering if any other manufacturers (ahem, Ford) will follow suit.
[Source: Automotive News, sub. req.| Image: David McNew/Getty]GM offering 0% financing for month of March originally appeared on Autoblog on Thu, 04 Mar 2010 18:29:00 EST. Please see our terms for use of feeds.
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Archive for the 'GMC' Category
Sunday, April 17th, 2005
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Saturday, April 16th, 2005
Details info:
Type : пикап
Amount of the Doors :
The Place Seatings :
The Place Seatings макс. :
Sizes and mass : Length x width x height, mm : 5783 x 1994 x : Wheel base, mm : 3645
Type of the engine : gasoline
Preparation to air gas :
Design of the engine : V-figurative
Наддув :
Amount cylinder : 8
Amount valve on cylinder :
Volume of the engine, sm3 : 6000
Maximum engine size, sq / ls : / 325
Frequency of the rotation under maximum power about/mines :
Maximum turning moment, Nm :
Frequency of the rotation under maximum turning moment about/mines :
Class bad material :
Drive :
Gearbox : automatic
Amount of the issues : 4
Front springs :
Back springs :
Front brake : disc ABS
Back brake : disc ABS
Buses : P265/70R17
Buses back travell about : P265/70R17
Runaway before 100 km/ch, sec. :
Maximum velocity, km/ch :
Consuption fuel in town cycle, l/100 km :
Consuption fuel in country cycle, l/100 km :
Consuption fuel average, l/100 km :
Volume of the tank, l. :
Type fuel :
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Saturday, April 16th, 2005
Details info:
Type :
Amount of the Doors :
The Place Seatings :
The Place Seatings макс. :
Sizes and mass : Length x width x height, mm : 4366 x 1905 x 1618 : Wheel base, mm : 2868 : Full mass, kgs : 1589
Type of the engine : gasoline
Preparation to air gas :
Design of the engine : V-figurative
Наддув :
Amount cylinder : 6
Amount valve on cylinder :
Volume of the engine, sm3 : 3400
Maximum engine size, sq / ls : / 185
Frequency of the rotation under maximum power about/mines :
Maximum turning moment, Nm :
Frequency of the rotation under maximum turning moment about/mines :
Class bad material :
Drive :
Gearbox : automatic
Amount of the issues : 4
Front springs :
Back springs :
Front brake :
Back brake :
Buses : 265/55R19
Buses back travell about : 265/55R19
Runaway before 100 km/ch, sec. :
Maximum velocity, km/ch :
Consuption fuel in town cycle, l/100 km :
Consuption fuel in country cycle, l/100 km :
Consuption fuel average, l/100 km :
Volume of the tank, l. :
Type fuel :
Posted in GMC | No Comments »
Saturday, April 16th, 2005
Posted in GMC | No Comments »
Friday, April 15th, 2005
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