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GM Says It Will consider Killing SAAB, Saturn, Hummer, & Scale Back Pontiac For Federal Funds (AutoSpies.com)General Motors Corp. today submitted a plan to use Federal bridge loans to create a leaner, more competitive company, one that is profitable and self-sustaining for the long term.
Auto firms' woes test customer loyalty (The Christian Science Monitor via Yahoo! News) Don Wissel's love affair with General Motors cars started in 1960, when he bought a silver-gray Pontiac Catalina, a roomy car with modified tail fins and enough horsepower to gobble up miles on the Garden State Parkway. Since then, he's owned almost everything GM's made – Chevys, Buicks, Olds, Caddys, and now he parks a Yukon and a Denali in his driveway in Rumson, N.J.
The Car Company Bailout: Resources for Journalists (Poynter Institute)The Big Three car companies took another punch in the gut in November, to nobody's surprise. This is what most people expect will happen again Tuesday afternoon when the companies announce their earnings .
GM Sends Congress Plan For $12 To $18 Billion Ask, Seeks "Alternatives" For Saturn Brand [Carpocalypse Now] (Jalopnik)GM's response to the congressional ultimatum, just released, outlines a need for $12 billion in loans, plus potentially $6 billion later, and plans to reach profitability by pursuing "alternatives"...
That new-car smell is growing stale on the lot (Lexington Herald-Leader) QUINCY, Fla. . Bruce Thomas washed cars at his father's General Motors dealership here at age 12, changed oil in high school and sold his first Pontiac during college. His commitment to a famed American industry, part business and part romance, never waned. He took over his family's two dealerships, building a small fortune. In turn, he showered generosity on local churches, school ...
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