
We can’t help it that there is so much crummy news about GM, but here is something decidedly positive: GM “has no plans to make additional investments in its French partner PSA Peugeot Citroen SA which is subject to the depressed European automobile market,” Dow Jones Newswire says via NASDAQ. The wire heard it from Dan Akerson himself, so it must be true. (Read More…)
Tag: GM

When GM announced last week that it wants to increase Cadillac’s share of the global luxury market from 8.5 percent now to 9 percent by 2016, we opined that from “looking at the plan, GM appears to be betting big on the success of its new Chinese assembly plant.” It turns out that Cadillac is betting big on China. Cadillac “aims to quadruple its share of China’s luxury auto market to 10 percent by 2020,” Reuters reports today.
By 2020, GM is “targeting about 250,000 luxury car sales in China,” says Reuters. It will be rough.

Howls of protests ensued when GM stopped disclosing monthly production numbers, touching off, says Automotive News [sub], “concern among industry analysts and economists, as well as suppliers that rely on the data for their production plans.“ The industry paper explains what is wrong with this move: (Read More…)

GM appears to be less convinced of the second coming of Cadillac than many of its fans. In the Global Business Conference Call, Bob Ferguson, VP of Global Cadillac, did set very cautious goals for Cadillac. (Read More…)

Most large automakers are working on a modular architecture of some sort. Farthest ahead appears to be Volkswagen, which already is rolling out new car after new car on one of four related kit architectures, and which is rumored to be working on one master kit. The other day, Toyota showed me glimpses of its new kit architecture, first cars to be expected in 2015. Today, GM showed us this chart. And there are no kits on it. (Read More…)

GM says it’s not true (yet) what Germany’s Frankfurter Allgemeine Zeitung reports today. The paper says it has it on good authority that by 2014, GM will move production of its Chevrolet Cruze from South Korea to the Opel plant in Gliwice, Poland. (Read More…)
When Spyker sued GM for mucking with Saab’s failed deal with Youngman, and wanted $3 billion for its trouble, TTAC’s resident garage lawyers did not give Spyker big odds.
Yesterday, the suit was thrown out. (Read More…)
GM is sitting on 4.5 months of slow-moving Volt inventory, says the Detroit News. To make matters worse, production on the 2014 model is about to start. To make a dent into the 140 days of Volt supply, what do you think GM will do? (Read More…)
GM has rocky relations with its Korean unions, and the relations will get a lot rockier if what Germany’s Handelsblatt says is true. According to the report, GM is seriously looking into moving most of the production of the Opel Mokka to Europe.
Currently, the hot selling SUVlet is made in South Korea only. Says Reuters: (Read More…)
When there was labor unrest in South Africa, the UAW was quick to spend union dues for a long trip to the scenic South African locale, ostensibly to show their solidarity with South African union brothers who, coincidentally, fought against Mercedes and Volkswagen. Back home, the UAW pulled a whole packet of race cards. It headlines, a bit strenuously: “South Africans have more rights than workers in Mississippi.”
It would have been more a propos if the UAW would have flown to South Korea to show solidarity with workers who are about to go on strike against GM, the company, ooops, that is partially owned by the UAW. (Read More…)
A free-maintenance program introduced earlier this year to get its full-size pickups moving was expanded across the entire 2014 line. For most 2014 vehicles, Chevrolet, Buick and GMC dealers will complete an oil and filter change, four-wheel tire rotation, and conduct a 27-point vehicle inspection based on what’s called for in the vehicle’s maintenance plan.
According to GM CEO Dan Akerson, this plan sells more cars: (Read More…)
Remote unlocking of your car’s doors via your smartphone , activating horn and lights and remote start, previously part of GM’s paid OnStar service, is becoming a standard feature, GM says. Buy the car, download the app, and the car can be remote-controlled via your smartphone for five years, whether you pay for OnStar, or not. “Thirty-six 2014 model year GM vehicles are compatible with the RemoteLink mobile app,” says GM in a press release, meaning that most of GM’s new cars are permanently on-line, can be reached, tracked, can reveal their locations, OnStar, or not, ignition on, or not. (Read More…)
GM’s sales in GM’s and the world’s largest auto market China were up 9.4 percent in May, the company says. In April, sales had been up 15.3 percent.
Now that the GM share finally is trading a wee bit above its IPO price, The Treasury is eager to bail from the bailout. The government’s fiance department announced “plans to sell 30 million shares of General Motors Co common stock as part of its ongoing effort to wind down the government’s stake in the bailed-out automaker,” Reuters says. (Read More…)
A few weeks ago, GM’s spokesman Greg Martin said:
“There will be no exports of these cars built in China. Cars that are built in China are sold in China.”
No true, said GM China head Bob Socia to Reuters today, reiterating former statements that GM’s Chinese export machine is in full swing: “GM plans to export as many as 130,000 China-made vehicles this year, up from 77,000 vehicles in 2012, driven by demand for its Chevrolet Sail in other emerging markets,” Reuters writes. (Read More…)







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