Supposedly, one of the reasons for keeping Manchester United after GM’s chief marketing honcho Joel Ewanick was fired for downright unethical shenanigans was that Man U is extremely popular in the Asian growth markets. Whereas they have a hard time even pronouncing “Ewanick.” So far, so good. However, the secret of a successful marketing program lies in its flawless execution. (Read More…)
General Motors had idled its Fairfax, Kansas plant where the Chevrolet Malibu is built, as slow sales hamper the brand’s mid-size sedan.
For long, Detroit automakers explained their miserable sales numbers in Japan with somersaulting logic: “Our sales numbers are so miserable in Japan, because the Japanese market is closed to imports. Proof: Our miserable sales numbers.”
German carmakers in the meantime, notably Volkswagen, do not complain at all. They control 80 percent of Japan’s growing import market. Volkswagen’s small Up! turned into an especially hot seller, and Volkswagen’s executives in Japan emphatically deny that the market is closed.
Now, the Detroit Three are back in Japan with a revolutionary strategy: (Read More…)
Opel will remain a money draining leak in the mother ship for the foreseeable future. This is one conclusion after reading an interview given by Opel’s interim CEO Thomas Sedran to Germany’s Wirtschaftswoche. Another conclusion would be that Opel needs a chief.
Sedran is “sure that we will be profitable by mid-decade,” but this is an easy claim for any Opel CEO. Even non-interim chiefs of Opel have a very short shelf life. The plans revealed by the former management consultant (Roland Berger, Alix Partners) don’t sound like Opel will be profitable in this century. (Read More…)
The bailout of a Volt-producing GM was sold as an investment into a green future, a liberation from the terrorist-supporting Arabs. We have been fooled. The decisive turnaround of the company could be delivered by a new generation of big, gas-guzzling trucks. If successful, the trucks could help recover at least some of the money the tax payer sunk into GM.
Forget the Volt. (Read More…)
Last week, we told you to not buy a full-sized GM pickup just yet, and to hold out for big discounts from GM. You did not have to wait long. However, you may want to wait a little more. (Read More…)
General Motors will give the world their first look at their all-new full-size pickup lineup on Thursday, even as inventories of their current generation trucks continue to pile up.
GM’s Opel will cease building cars at its German Opel plant. After 2016, no complete cars will roll off the lines at the 50 year old plant. Opel will keep a logistics hub in Bochum. The plant will continue making yet undefined components, Opel’s interim boss Thomas Sedran told German media today. (Read More…)
In its darkest hour, GM handed China-partner SAIC half of GM’s India business in return for some cash. Recently, GM injected cash (which it has again) into the joint venture, which resulted in GM owning 91 percent of the India business, and SAIC nine. That was widely lauded as GM regaining its independence. Some even said GM and SAIC don’t get along anymore. The opposite is true: GM and SAIC are expected to march hand in hand all over Southeast Asia. SAIC’s influence on GM is spreading. (Read More…)
GM had a better November in China than at home in America. Back home, sales rose only 3.3 percent to 186,505 units in November. In China, the world’s and GM’s largest market, GM sold a total of 260,018 units across all joint ventures, up 9.7 percent compared to November 2011. (Read More…)
In late 2011, photos of melted and damaged Volt charging cords appeared on the internet. GM initially blamed wiring problems in the electrical outlets, eventually, the company announced that they would replace all the 120V chargers in all 2011 and some 2012 models with a new unit. About 9,500 charging units were replaced.
When the 2013 model came around, Volt owners were faced with a new and improved feature: Longer charge time. In self-help groups on the Internet, the culprit was quickly found: GM had reduced the default circuit load of the charger from 12 Ampere to 8 Ampere. Then, a low intensity war on the message boards ensued, and is still rages on. Here the latest dispatches from the front:
(Read More…)
Well, that was quick. GM is apparently planning a mid-cycle refresh for the Chevrolet Malibu in 2013, 18 months after the car was released in showrooms.
Are you in the market for a full-size pickup? Hold your fire. With a little patience, you can profiteer from an all-out Battle of the BOFs. It’s a fight for your money, and for delivering optimistic 2012 sales goals. The noise you hear outside are the winds of war: GM not only missed its truck sales goals in November, it also sits atop a 4 ½ month supply of full-size pickups taking up space (and cash) at dealer lots. “We’ll continue to use all levers to influence inventory…,” said Kurt McNeil, GM’s VP of U.S. sales. “That includes first and foremost adjusting production and marketing activity.” Translation: Shutdowns and cash on the hood. (Read More…)
In the end, the money that towns across America gave General Motors did not matter… G.M. walked away and, thanks to a federal bailout, is once again profitable. The towns have not been so fortunate, having spent scarce funds in exchange for thousands of jobs that no longer exist.
Timing the market is a tricky matter. There are people who urge the Canadian government to dump its shares in GM at a considerable loss. And there are others who rather wait for the stock to go higher. Canada’s Finance Minister Jim Flaherty is in the second camp. (Read More…)
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