Keyword: generalmotors

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  • 2014 is the Year of the Liberal Lie

    12/15/2014 9:16:56 AM PST · by GrandJediMasterYoda · 3 replies
    nypost.com ^ | 12/14/14 | Kyle Smith
    2014 is the Year of the Liberal Lie By Kyle Smith Bowe Bergdahl. The IRS’s missing e-mails. Lena Dunham. “Hands up, don’t shoot.” Jonathan Gruber. GM and that faulty ignition switch. Andrew Cuomo and that anti-corruption commission. The Secret Service and that White House intruder. Rachel Noerdlinger and her “disabled” son. Rolling Stone and gang rape. 2014 was the year when truth was optional. 2014 was the year when convenient fabrication was the weapon of choice for celebrities, activists, big business and politicians. 2014 was the Year of the Lie. In each case, the liars used their powerful positions to...
  • Another GM Recall Bombshell Raises More Questions

    11/10/2014 11:00:34 AM PST · by jazusamo · 51 replies
    NLPC ^ | November 10, 2014 | Mark Modica
    The evidence continues to mount that General Motors has been less than transparent, if not outright culpable, regarding its ignition switch recall fiasco. As the death toll mounts (from the original 13 casualties reported by GM to the just revised 32 deaths) for victims involved in crashes of GM vehicles with defective ignition switches, new evidence has emerged that GM actually ordered replacement parts for the defective switches a full two months before they even reported a problem. A Wall Street Journal article published on Sunday unveiled the damning evidence that GM placed an order for half a million replacement...
  • Women's Museum Asked to Rescind Mary Barra Award; GM CEO Made History 'of Wrong Kind'

    11/10/2014 9:16:59 AM PST · by jazusamo · 6 replies
    NLPC ^ | November 10, 2014 | Peter Flaherty
    Today I sent the following letter to Dr. Gretchen Green, the Acting Chair of the National Women's History Museum: We ask the National Women's History Museum (NWHM) to withdraw its planned award to General Motors CEO Mary Barra. As you know, Barra is scheduled to receive the Katharine Graham Living Legacy Award on November 17 as part of your annual de Pizan Honors at The Mead Center for American Theater at Arena Stage in Washington, DC. Barra has indeed made history - of the wrong kind. Just three months ago, she sat in front of Congressional Committees and desperately tried...
  • Why Did GM Share Price Tumble After Much-Hyped Earnings Announcement?

    10/29/2014 12:22:41 PM PDT · by jazusamo · 24 replies
    NLPC ^ | October 29, 2014 | Mark Modica
    It must be difficult for the Mom and Pop investor to make sense of General Motors' recent earnings announcement and subsequent drop in share price. On Thursday morning, GM reported earnings that were trumpeted as being "impressive" by one major financial TV network. In fact, early in the day, headlines at the network stated that the entire market was being driven higher by strong earnings at GM and Caterpillar. That hyperbole came into question when GM share price dropped about 3% on a day that the broader markets were strong. It was unfortunate for many investors who bought into the...
  • GM stops sales of new pickups, recalls 524K cars

    10/04/2014 7:56:47 PM PDT · by 2ndDivisionVet · 37 replies
    CNN Money ^ | October 3, 2014 | Chris Isidore
    General Motors told dealers to stop selling its 2015 Chevrolet Colorado and GMC Canyon mid-sized pickups on Friday. The trucks have only recently started rolling off assembly lines. GM says a wiring problem with the trucks' airbags could keep the airbags from deploying properly when needed. The trucks are so new that only few of them are currently in customers' possession, GM said in a statement. The vast majority are still at the factory and were about to be shipped to dealers. A few more are sitting on dealer lots....
  • What If Chevy Volts Were Mortgages? (Long Article)

    09/07/2014 6:52:23 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | September 7, 2014 | John Ransom
    Truth001 wrote: No John GWB destabilized the region by marching into Iraq in the first place all in the name of Oil. Obama was only trying to clean up the mess President Bush and VP Cheney left behind. Remember "mission accomplished" 10 years later, 4000+ soldiers dead and 1.5 trillion dollars later. Obama has been trying to avoid another Iraq disaster like every since he has been in office. - The Foreign Policy of the Three StoogesDear Comrade Pravda,How do you explain the destabilization of Libya, then? Or Afghanistan? Or Pakistan? Or Egypt? Or Ukraine? Were those all George BushÂ’s...
  • GM profits plunge on recall costs

    07/27/2014 5:59:43 AM PDT · by TwelveOfTwenty · 13 replies
    CBS/AP ^ | July 24, 2014, 8:10 AM | Not Stated
    General Motors said Thursday that its second-quarter earnings fell 85 percent, as recall costs chopped $1.5 billion from the bottom line.
  • General Motors Issues Six New Recalls Affecting 823,000 Buick, Cadillac, Chevrolet, GMC Vehicles

    07/24/2014 9:11:51 AM PDT · by Zakeet · 18 replies
    Washington Post ^ | July 24, 2014 | Richard Read
    For much of the spring, it seemed as if General Motors issued a new round of recalls every other day, but the automaker has been largely quiet on that front for over three weeks. Could the recall party be coming to an end? Based on a new press release from GM, the answer is probably "no". The release outlines six new recalls, some big, some small. They cover a range of recent models from GM's surviving four nameplates and affect roughly 823,000 vehicles. This brings the total number of vehicles recalled by GM since January 1, 2014 to 28,767,143. Here's...
  • GM Debt Climbs to Over $40 Billion, Earnings Disappoint

    07/24/2014 8:17:25 AM PDT · by jazusamo · 34 replies
    NLPC ^ | July 24, 2014 | Mark Modica
    General Motors reported earnings today for the 2nd quarter of 2014. The early prognosis is not good with share price falling after the report. While it is difficult for the Mom and Pop investor to sort through GM's myriad of one-time charges, special items and various smoke and mirrors, there are some key take-aways that give a glimpse of GM's financial health. Primarily, debt continues to grow at the company, now exceeding $40 billion while earnings are propped up by special items. Analyzing the levels of cash compared to debt at GM is probably the easiest way to get to...
  • Exclusive: Prosecutors' case against GM focuses on misleading statements

    07/14/2014 9:36:25 AM PDT · by jazusamo · 7 replies
    Reuters ^ | July 14, 2014 | Emily Flitter & Karen Freifeld
    (Reuters) - Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation. At the same time, at least a dozen states are investigating the automaker. Two state officials said that effort is likely to focus on whether GM broke consumer protection laws. Both federal and state investigations into the switch, which is linked to at least 13 deaths and 54 crashes, are at early stages, and it is...
  • How jargon hurt the culture at GM

    06/20/2014 12:25:57 PM PDT · by SeekAndFind · 16 replies
    Washington Post ^ | 06/20/2014 | Jena McGregor
    The unsparing and harshly critical report from attorney Anton Valukas' investigation into General Motors, which held its annual shareholders meeting Tuesday morning, finds an array of culprits behind the company's ignition switch crisis. It cites a lack of urgency in the culture and, as GM CEO Mary Barra described it, "a pattern of incompetence." It blames an unwillingness of those in the know to reconsider their conclusions, and a dizzying number of committees with little clear accountability. The report also makes several references to the role corporate speak played in the wrongdoing. Typically, we think of corporate speak as trivialities...
  • GM CEO Mary Barra Ignores Brake Corrosion Safety Issue

    06/11/2014 3:38:23 PM PDT · by jazusamo · 43 replies
    NLPC ^ | June 11, 2014 | Mark Modica
    Well, it looks like New GM is not much different than Old GM when it comes to addressing serious safety issues on its vehicles. The Associated Press reports that General Motors CEO, Mary Barra, claims that GM has not turned up any other major safety issues. I guess Ms. Barra feels that two tons of steel traveling at high speeds with brake lines that can burst at any moment is nothing to be concerned about. The continued denial by GM that there is no safety issue with their trucks that are prone to brake line corrosion proves that the...
  • G.M. Lawyers Hid Fatal Flaw, From Critics and One Another

    06/07/2014 10:44:33 AM PDT · by jazusamo · 15 replies
    NY Times ^ | June 6, 2014 | Bill Vlasic
    DETROIT — To the legal department at General Motors, secrecy ruled. Employees were discouraged from taking notes in meetings. Workers’ emails were examined once a year for sensitive information that might be used against the company. G.M. lawyers even kept their knowledge of fatal accidents related to a defective ignition switch from their own boss, the company’s general counsel, Michael P. Millikin. An internal investigation released on Thursday into the company’s failure to recall millions of defective small cars found no evidence of a cover-up. But interviews with victims, their lawyers and current and former G.M. employees, as well as...
  • GM fires 15 in wake of "deeply troubling" recall report

    06/05/2014 8:36:36 AM PDT · by jazusamo · 19 replies
    Fox News ^ | June 5, 2014
    Video of press conference at source. General Motors has dismissed 15 employees and disciplined five others in the wake of an internal investigation into the company's handling of defective ignition switches, which lead to at least 13 fatalities. GM CEO Mary Barra says the personnel worked in several areas including engineering, legal and public policy, and that a disproportionate number of them were senior executives or higher. Barra described the conclusions of the investigation as “extremely thorough, brutally tough, and deeply troubling.” Barra says that the report found no conspiracy to cover up facts or trade-off between safety and cost,...
  • Did the Bailout Ruin GM?

    05/28/2014 1:39:14 AM PDT · by grundle · 56 replies
    National Review ^ | May 28, 2014 | Jim Geraghty
    The recalls are multiplying, and the bailout stigma remains. You may have noticed that General Motors recalled a lot of vehicles lately. You may not have noticed just how many separate recalls the company announced, 30 since January 1, or just how many vehicles are being recalled — 13.79 million vehicles in the U.S. For perspective, consider that GM sold roughly 2.6 million vehicles in 2012. ... consumer-data research indicates that pickup-truck buyers skew Republican by a margin five to one, according to a 2008 survey. Whether GM wants to admit it or not, the “Government Motors” label did serious...
  • GM faulty ignition crashes now 47

    05/24/2014 11:14:35 AM PDT · by jazusamo · 26 replies
    CNN Money ^ | May 24, 2014 | CNNMoney Staff
    GM (GM, Fortune 500) has raised the number of frontal-impact crashes linked to the problem ignitions to 47 from 32, according to company spokesman Greg Martin. Because of the flawed ignition, key rings holding more than one key could cause the ignition to suddenly switch to the off position. That can lead to a loss of power -- locking the steering wheel and interrupting airbags from deploying in an accident. GM says the number of deaths tied to front impact crashes stemming from this defect remains at 13. On Friday, the National Highway Traffic Safety Administration reportedly said the number...
  • Inquiries at General Motors Are Said to Focus on Its Legal Unit

    05/17/2014 11:40:04 AM PDT · by jazusamo · 11 replies
    NY Times ^ | May 17, 2014 | Bill Vlasic
    DETROIT — As General Motors faces a number of continuing investigations into its handling of a vehicle safety defect linked to 13 deaths, its legal department has become a focus of a broad internal inquiry into how the company handled the issue, according to two people with knowledge of the investigation. Even as G.M. acknowledged that it knew about the defect for more than a decade, it has insisted that work on the ignition problem was limited to a handful of midlevel employees. But a review of internal documents, emails and interviews paint a different picture, showing that high-ranking officials,...
  • Five Takeaways from the GM Safety Debacle

    04/10/2014 9:04:06 AM PDT · by Kaslin · 28 replies
    Townhall.com ^ | April 10, 2014 | Peter Morici
    Mary Barra, CEO of General Motors, was called before Senate and House Committees last week to explain why a faulty ignition switch, responsible for at least 13 crash deaths, was not recalled for several years in vehicles manufactured by GM. Barra, who served as Executive Vice President for Global Product Development, Purchasing and Supply Chain until January, told members of Congress that she had no knowledge of the switch problem prior to the recent recalls. Members of Congress were left frustrated. Neither Barra nor federal regulators provided good answers as to why the vehicles were not recalled sooner and the...
  • I Can't Believe the U.S. Government Wants to Unleash This on the Public

    04/09/2014 7:11:08 AM PDT · by Vigilanteman · 3 replies
    Money Morning ^ | 8 April 2014 | Shah Gilani
    Do you know Ally Financial Inc.? You've no doubt seen their commercials. They used to be all over the tube hawking their high-yielding certificates of deposit. Now they're all over the tube with their "no hidden fees" campaign. . . . But Ally isn't funny. It recently announced that it's launching an initial public offering (IPO) of its stock at a price per share of $25 to $28. The shares will be offered by the U.S. Treasury as part of its planned exit of its investment in Ally during the subprime crisis in 2008. I've heard some analysts say this...
  • Michael Moore: General Motors 'criminals' deserve death

    04/01/2014 8:59:38 AM PDT · by ColdOne · 59 replies
    washingtonexaminer.com ^ | 4/1/14 | Charlie Spiering
    Liberal filmmaker Michael Moore believes that whoever was responsible at General Motors for failing to recall a faulty ignition switch deserves death. "I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested and made to pay for their pre-meditated decision to take human lives for a lousy ten bucks," he wrote. Moore blamed former President George W. Bush's transportation Department for ignoring the problem in 2007 and praised new GM CEO Mary Barra for telling the truth about the problem.
  • Minding the Minders of G.M.

    04/05/2014 11:15:15 AM PDT · by jazusamo · 9 replies
    NY Times ^ | April 5, 2014 | Jackie Calmes
    There is a truism in Washington that was confirmed last week in Congress: Even less popular than government regulation is a regulator suspected of not doing its job. Not for the first time, the National Highway Traffic Safety Administration — or N.H.T.S.A. (pronounced NITZ-ah) — was forced to answer for failing to protect consumers. In this case, the failure involved a defective General Motors ignition switch implicated in 13 deaths. While G.M.’s new chief executive, Mary T. Barra, took most of the heat in two days of House and Senate hearings last week, she shared the grill with the safety...
  • GM Attempted Ludicrous 'Fix' for Defective Ignitions in 2005

    04/03/2014 10:28:00 AM PDT · by jazusamo · 26 replies
    NLPC ^ | April 3, 2014 | Mark Modica
    General Motors' CEO, Mary Barra, testified this week at government hearings on the deadly recall delay that contributed to at least 13 deaths of motorists driving GM vehicles with defective ignition switches. During that testimony Ms. Barra discussed one of GM's ridiculous early "solutions" for problems with ignitions turning to the off position as vehicles were being driven. GM engineers designed an insert to be placed in the keys' holes in an attempt to limit how much key chains dangled. This "fix" saved the company a few dollars in labor costs that would have been charged if they recalled...
  • Senators accuse GM of trying to cover up defective switch tied to 13 deaths

    04/02/2014 3:35:15 PM PDT · by alloysteel · 34 replies
    Foxnews.com ^ | April 2, 2014 | AP release
    Members of a Senate subcommittee accused General Motors of trying to cover up problems with an ignition switch that is now tied to 13 deaths, and pressed CEO Mary Barra to commit to punishing anyone involved. Panel members also told Barra that GM should tell owners to stop driving all the 2.6 million cars being recalled for the faulty switch until they are repaired. GM is currently telling owners the cars, mainly Chevrolet Cobalts and Saturn Ions, are fine to drive as long as nothing is placed on the key chain.
  • LeDuff: Don't just blame GM, blame the politicians too

    04/02/2014 8:50:14 AM PDT · by RckyRaCoCo · 7 replies
    myfoxdetroit ^ | 04/01/2014 | Charlie LeDuff
    Government Motors. Remember that one? That's a huge, overlooked detail in this whole GM recall crisis - the federal government's oversight of a company they bought out of bankruptcy four years ago and, under their nose, that same company is hiding its deadly, dirty laundry. Charlie LeDuff caught up with California Democrat Henry Waxman, who was head of the United States House Committee on Oversight and Government Reform at the time of that purchase.
  • Democratic Senator Tells GM Car Owners to Stop Driving Immediately

    04/01/2014 1:29:18 PM PDT · by Sub-Driver · 22 replies
    April 1, 2014 3:54 PM Democratic Senator Tells GM Car Owners to Stop Driving Immediately By Jim Geraghty A reader sends this in and quips, “Blumenthal to Michigan: Drop Dead!” CBS Connecticut: “Connecticut Senator Richard Blumenthal is among those calling for GM to make a stronger statement and tell owners to stop driving their cars immediately. Blumenthal believes GM made a decision to hide the defect of ignition switches.” Considering the risk from the switches, Blumenthal’s advice isn’t the most outlandish conclusion in the world. If an owner of one of the recalled cars wants to drive it at all,...
  • Power Steering Recall Could Cost GM Over $1.5 Billion

    04/01/2014 9:39:04 AM PDT · by jazusamo · 49 replies
    NLPC ^ | April 1, 2014 | Mark Modica/Peter Flaherty
    Almost two weeks after NLPC first requested that General Motors recall vehicles with defective power steering components , the company has agreed to the recall and finally remove the dangerous vehicles from the roads. Over 1.3 million Saturn Ions and related vehicles are included in the recall, bringing the total amount of GM vehicles recalled over the past month or so to over 6 million. The total cost to GM for the recalls will be in the billions of dollars with the latest recall probably accounting for over $1.5 billion on its own. The costs to GM's reputation are...
  • Congress Must Ask Barra Why GM Hasn’t Recalled Saturn Ions with Power Steering Loss

    03/31/2014 8:32:12 AM PDT · by jazusamo · 16 replies
    NLPC ^ | March 31, 2014 | Mark Modica
    On Friday, General Motors expanded its recall of vehicles with an ignition switch defect, but Saturn Ions with a dangerous steering loss problem remain unrecalled, even though Chevy Cobalts and other models with the exact same defect were previously recalled. The two Congressional Committees holding hearings this week must directly ask GM CEO Mary Barra why these dangerous vehicles remain on the road. It has now been almost two weeks since we requested that Barra immediately order a recall of Saturn Ions (MY 2004 to 2007) with defective electric power steering systems. GM had previously recalled Chevy Cobalts and Pontiac...
  • An Engineer’s Eureka Moment With a G.M. Flaw

    03/30/2014 1:19:58 PM PDT · by jazusamo · 46 replies
    New York Times ^ | March 28, 2014 | Bill Vlasic
    DETROIT — Somewhere inside the two-inch ignition switch from the 2005 Chevrolet Cobalt was the clue that Mark Hood was seeking. Mr. Hood, an engineer in Florida, had photographed, X-rayed and disassembled the device in the fall of 2012, focusing on the tiny plastic and metal switch that controlled the ignition. But even after hours of testing, Mr. Hood was at a loss to explain why the engine in Brooke Melton’s Cobalt had suddenly shut off, causing her fatal accident in 2010 in Georgia. It was no small matter to her family, which had hired Mr. Hood for their lawsuit...
  • General Motors recalls Chevrolet Cruzes, trucks and SUVs

    03/29/2014 11:04:05 AM PDT · by jazusamo · 17 replies
    Reuters ^ | March 29, 2014
    (Reuters) - General Motors Co is recalling certain Chevrolet Cruze models for possible axle fractures, and more than 490,000 trucks and SUVs for potential transmission cooler line issues, the company said in a statement late on Friday. These latest recalls come as the head of the country's biggest automaker, Chief Executive Mary Barra, faces Congress next week regarding who is to blame for faulty ignition switches linked to crashes and at least 12 deaths. The GM Cruze recall targets the 2013 and 2014 1.4L turbo gasoline powered model to replace a right front axle half shaft that can fracture without...
  • GM Response to Recall Delay Victims Anything BUT Compassionate

    03/25/2014 9:05:55 AM PDT · by jazusamo · 19 replies
    NLPC ^ | March 25, 2014 | Mark Modica
    Merriam-Webster.com defines compassion as, "a feeling of wanting to help someone who is sick, hungry, in trouble, etc." A Google search teaming the name Mary Barra with "compassionate" pulls up a host of articles fawning over General Motors' new CEO's handling of the company's botched recalls which seem to have cost at least 12 American lives. Contrary to the media's belief that GM is a compassionate entity working in the best interests of accident victims, the facts show that the response to defects in GM vehicles and subsequent recall delays has been anything BUT compassionate. The NY Times continued its...
  • GM Asked to Recall 382,000 Vehicles With Steering Loss Defect

    03/19/2014 11:09:16 AM PDT · by jazusamo · 9 replies
    NLPC ^ | March 19, 2014 | Peter Flaherty
    This letter is being sent today to GM CEO Mary Barra: We ask that General Motors (the Company) recall Saturn Ions for the model years 2004 through 2007 without further delay. These automobiles endanger the lives and safety of their drivers and passengers due to a loss of power steering, a serious problem of which the Company has been aware for several years. According to a summary of an ongoing investigation by the National Highway Traffic Safety Administration (NHTSA): ...GM indicated that the EPS (electric power steering) system used in the subject vehicles was the same as that used...
  • Questions Upton Committee MUST Ask GM About Recall Delay

    03/17/2014 1:00:51 PM PDT · by jazusamo
    NLPC ^ | March 16, 2014 | Peter Flaherty
    The following letter was sent today to Rep. Fred Upton (R-MI), Chairman of the House Energy and Commerce Committee: As your committee prepares for the upcoming House Energy and Commerce Committee hearing on the recent GM recall, I urge you to use every opportunity to examine what, if any, influence the U.S. government's ownership of GM has had on this troubling failure to address the dangerously flawed vehicles. In addition, we urge your committee to consider posing the following questions to panelists at your hearing: 1. In late 2009, GM sued supplier JTEKT North America for $30 million over faulty...
  • GM Recall Death Toll to Rise?; What Did Mary Barra Know and When Did She Know it?

    03/13/2014 10:35:45 AM PDT · by jazusamo · 57 replies
    NLPC ^ | March 13, 2014 | Marl Modica
    The New York Times hinted that the 11 year death toll for victims who drove defective General Motors' vehicles (that are just now being recalled) may rise from the current 12 confirmed fatalities. The Times reports, "Since 2003, GM has reported at least 78 deaths and 1,581 injuries involving the now-recalled cars, according to a review of agency records." It is not clear how many of the accidents involving one of the 1.6 million now-recalled vehicles were caused by the defect. The article does state that "the records mention potentially defective components" and "regulators appear to have overlooked disturbing...
  • ObamaCar Replacement Batteries Cost $34,000 According to GM Dealers

    03/08/2014 5:27:27 AM PST · by Kaslin · 43 replies
    Townhall.com ^ | March 8, 2014 | John Ransom
    Here’s the good news about the ObamaCar known as the Chevy Volt: There haven’t been any reported fires connected with the ObamaCar since the company recalled 8,000 of the electric vehicles—that’s one in six vehicles. That is no fires, if you don’t count the people who’ve been “fired” from the Volt production line as sales continue to make Obama’s “one million” electric car promise just another broken dream in a crooked scheme. Obama promised that by the time he finished as president, he’d put a million electric cars on the road. Thankfully, he won’t quite make it. No telling...
  • Chevrolet Sells 1,210 Volts In February, Off 26% From 2013

    03/04/2014 12:31:32 PM PST · by lacrew · 17 replies
    InsideEVs ^ | 3-3-14 | Jay Cole
    After posting a fairly disappointing 918 Volt sales in January – the first time sales were under 4 digits in 2 years (603 - Jan 2012), the extended range Chevy bounced back a little in February notching 1,210 deliveries. Year-over-year, this February’s result was up against some fairly stiff competition as 1,626 were sold this month a year ago, meaning sales were off 25.6%. For the year to date, 2,128 Volts have been sold as compared to 2,766 – off 23.1% There just isn’t enough casr to even get the Volt a fighting chance as the General opted to produce...
  • Former NHTSA Head Criticizes GM for Deadly Recall Delay

    03/04/2014 9:32:30 AM PST · by jazusamo · 12 replies
    NLPC ^ | March 3, 2014 | Mark Modica
    Former head of the National Highway Traffic Safety Administration (NHTSA), Joan Claybrook, has weighed in on the deadly delay by General Motors on a recall for a defect that is alleged to have resulted in 13 deaths and 33 accidents. Ms. Claybrook appeared on the Cavuto Show on Fox Business where she blasted both GM and NHTSA for waiting 10 years to recall the defective models and went as far as saying that there should be criminal charges brought against GM by the Justice Department. Congress was questioned for its response (or lack thereof) as Cavuto started the segment by...
  • In General Motors Recalls, Inaction and Trail of Fatal Crashes

    03/03/2014 9:47:51 AM PST · by jazusamo · 14 replies
    NY Times ^ | March 2, 2014 | Christopher Jensen
    For Laura Christian, July 29, 2005, was the worst kind of anniversary. One year earlier, Ms. Christian had been reunited with Amber Marie Rose, the daughter she gave up for adoption at birth. But Ms. Christian did not get to call her daughter a year later. In the predawn hours that day, Amber, 16, died after her 2005 Chevrolet Cobalt crashed and the air bag failed to deploy. Now, nearly nine years later, Ms. Christian knows that the air bag’s failure was the result of a defective car part. General Motors has recalled nearly 1.4 million cars in the United...
  • Detroit automakers worry about UAW money struggles

    02/22/2014 5:08:58 PM PST · by smokingfrog · 25 replies
    WSBTV ^ | 2-22-14 | TOM KRISHER
    DETROIT — The United Auto Workers' membership and dues are down sharply from just six years ago. In another sign of weakness, the union suffered a stunning defeat this month when it tried to organize a Tennessee factory run by labor-friendly Volkswagen. The rejection, by a close vote, was a major setback in the union's effort to expand in the South, where non-union, foreign companies such as VW, Nissan and Hyundai are rapidly growing. But instead of relief, Detroit's three automakers — Ford, Chrysler and General Motors — are increasingly anxious about the 78-year old union's future. For them, it's...
  • GM CEO Mary Barra To Sit With Michelle Obama At The State Of The Union

    01/28/2014 2:38:58 PM PST · by 2ndDivisionVet · 27 replies
    Jalopnik ^ | January 28, 2014 | Patrick George
    You know you've arrived not only when you get invited to the State of the Union address, but when you're asked to sit next to the first lady herself. That's where General Motors' new CEO, Mary Barra, will be sitting tonight. Barra, the first woman to lead a major auto manufacturer, was one of the guests singled out to sit with First Lady Michelle Obama for "represent(ing) the stories of millions of Americans across the country, who are working hard to better their communities, improve their own economic outcomes and help restore opportunity for all" according to the White House....
  • UAW Sets Up Organizing Committee at Tesla's Fremont Factory

    01/06/2014 4:14:33 PM PST · by nascarnation · 19 replies
    Autoblog Green ^ | 1/06/2014 | S. Blanco
    Tesla is happy to do things differently than other automakers, from the company-owned stores to the all-electric drivetrain. It also doesn't use union workers at its factory in Fremont, California (the former NUMMI plant, pictured). But now the United Auto Workers (UAW) is testing the waters for representation at the plant, according to a report in the San Francisco Chronicle. UAW President Bob King has revealed that the UAW has created an organizing committee in Fremont. How this would change things at Tesla – and whether it would be a good or bad thing – is not really known, but...
  • GM Asked to Pay Back $10 Billion Bailout Costs

    12/16/2013 8:56:12 AM PST · by jazusamo · 19 replies
    NLPC ^ | December 16, 2013 | Staff
    Peter Flaherty, president of the National Legal and Policy Center (NLPC), today posed key questions to the General Motors leadership at a National Press Club press conference, including whether the company will repay to taxpayers the $10 billion direct cost of the GM bailout. News that the U.S. Treasury Department has sold its remaining stake and that Mary Barra will take over as GM's new CEO have put the spotlight on the company and its future. GM executives have pointed to GM's $26.8 billion in cash as evidence of its improved financial position. Analysts have raised the possibility that the...
  • GM to stop making cars in Australia by 2017

    12/11/2013 2:15:01 AM PST · by Olog-hai · 13 replies
    Associated Press ^ | Dec 11, 2013 4:07 AM EST | Rod McGuirk
    General Motors Co. said Wednesday it will stop making cars and engines in Australia by the end of 2017, with nearly 2,900 jobs to be lost, because of high production costs and competition. The decision could spell the end of car manufacturing in Australia as the industry will be too small for supporting businesses such as parts makers to remain economic. Toyota Motor Corp. announced it is reassessing its future in Australia. A union said 50,000 jobs in the auto industry are in jeopardy. GM’s Australian subsidiary Holden once dominated Australian auto sales, but lost market share to imported cars....
  • GM Names Mary Barra as First Female CEO

    12/10/2013 7:32:00 AM PST · by jimbo123 · 40 replies
    Fox Business ^ | 12/10/13 | Matt Egan
    General Motors (GM) tapped products chief Mary Barra to become the auto maker's first female CEO, taking the keys from current chief Dan Akerson who will step down ahead of schedule in January. The promotion of Barra instantly makes her the most powerful woman in Detroit and one of the most influential in corporate America. The move comes just hours after the Treasury Department exited its ownership of GM following the auto bailouts of 2008 and 2009.
  • U.S. sells all its GM shares taking $10B loss

    12/09/2013 4:08:46 PM PST · by Dallas59 · 42 replies
    CBC News ^ | 12/9/2013 | CBC News
    The U.S. government ended up losing $10.5 billion US on its bailout of General Motors, but still says the alternative would have been much worse. Treasury Secretary Jacob Lew announced Monday that the government sold its remaining shares in the Detroit automaker. The government received 912 million GM shares, or a 60.8 per cent stake in the automaker, in exchange for a $49.5 billion bailout during the financial crisis in 2008 and 2009. It recovered $39 billion of the money, meaning taxpayers came up more than $10 billion short.
  • Obama claims "GM has now repaid every taxpayer dollar my Administration committed to its rescue...."

    12/09/2013 3:59:25 PM PST · by Askwhy5times · 38 replies
    Bluegrass Pundit ^ | Bluegrass Pundit
    Couldn't we just as easily say "GM has now repaid every taxpayer dollar the previous Administration committed to its rescue, plus billions invested by my Administration?" Via WhiteHouse.gov: When I took office, the American auto industry – the heartbeat of American manufacturing – was on the verge of collapse.  Two of the Big Three – GM and Chrysler – were on the brink of failure, threatening to take suppliers, distributors and entire communities down with them.  In the midst of what was already the worst recession since the Great Depression, another one million Americans were in danger of losing their...
  • GM's Balance Sheet Not as Healthy as it Looks

    12/09/2013 2:48:05 PM PST · by jazusamo · 12 replies
    NLPC ^ | December 9, 2013 | Mark Modica
    One of the major architects of the General Motors bankruptcy process, Harry Wilson, recently gave a very optimistic outlook for GM future share price. Mr. Wilson was a member of President Obama's Auto Task Force, and was an instrumental player in seeing that UAW interests were put ahead of other creditors, like old GM bondholders. Automotive News now reports that Mr. Wilson feels that GM may be a target for activists because of their "huge" cash hoard. According to the piece: "Any company that isn't efficient about capital allocation is a target for activists," said Wilson, who is now a...
  • Auto bailout saved 2.6m jobs,$105b in potential lost taxes(No joke,saying this w/ a straight face)

    12/09/2013 2:07:59 PM PST · by bestintxas · 14 replies
    wash examiner ^ | // | p beddard
    Washington’s $49.5 billion bailout of General Motors saved at least 1.2 million jobs, protected hundreds of thousands of pensions and earned about $40 billion in tax collections, turning what some have dubbed a poor investment into a whopping bang for Uncle Sam, according to a new report. The bottom line, according to the Center for Automotive Research study heralded by GM: When the full picture of what was at stake is considered, including the potential for millions to be put out of work, the government actually made out big time. And when bailed-out Chrysler is included, the study found that...
  • GM Dealers Say Low Demand, Not Lack of Supply Explain Poor Truck Sales

    10/28/2013 11:27:01 AM PDT · by jazusamo · 51 replies
    NLPC ^ | October 28, 2013 | Mar Modica
    The past month has brought much confusion and concern for General Motors' shareholders regarding the most important and profitable segment of sales for the company. As the company prepares to report earnings for the third quarter this week, media reports are still unclear on just what is going on with GM's new truck lineup; specifically pertaining to the reasons behind the disappointing sales figures that were reported for the month of September when Ford's truck offerings left them in the dust. While GM's Obama-appointed management spun the story ( claiming supply could not keep up with demand ) to some...
  • Poll: Texans Reluctant to Buy GM Trucks Because of Bailout

    10/09/2013 4:07:47 PM PDT · by 2ndDivisionVet · 71 replies
    The Washington Free Beacon ^ | October 9, 2013 | Bill McMorris
    More than half of Texans said that the nearly $50 billion taxpayer bailout of General Motors may deter them from buying from the company, according to a survey released Tuesday. The National Legal and Policy Center (NLPC), a nonprofit ethics watchdog, surveyed more than 500 Texas residents and found that 40 percent said the bailout would “absolutely” affect their decision about buying one of GM’s new pick-up trucks. More than 22 percent said it would “likely” or “very likely” affect their decision, while just 24 percent answered “not too likely.” About 150 of those surveyed said that they were in...
  • A Nervous GM Is Spying on the Tesla Playbook

    10/05/2013 7:28:06 AM PDT · by ckilmer · 6 replies
    wallstcheatsheet ^ | October 05, 2013 | Justin Lloyd-Miller
    Not all that long ago, news broke which indicated that General Motors (NYSE:GM) had formed a special committee with the sole purpose of studying Tesla (NASDAQ:TSLA) and assessing the upstart EV maker as a threat to GM’s business. While Tesla produces a minute fraction of the number of cars that GM makes, the latter’s fear of the California-based Tesla isn’t completely unfounded: This year to date, Tesla’s market valuation has rocketed to $23 billion, nearly half of the $50 billion that GM is worth on the public exchange. “At this pace, if the bubble doesn’t burst, 10-year-old Tesla could eclipse...