Cars
As part of its restructuring plan (we wonder how many times we've heard this phrase in the past and how many more times we'll be hearing it in the future....), General Motors has disbanded its High Performance Vehicle Operations unit. The company said that all 60 engineers impacted by this decision "have been placed in other engineering operations of General Motors to work on core, volume products, including further improvements in fuel efficiency and advanced propulsion."
- Tata Motors Hires Ex-opel Boss, Carl-peter Forster As Group Ceo
The former boss of General Motors Europe, Carl-Peter Forster, has been hired by India's largest automobile manufacturer, Tata Motors, as the group's Chief Executive Officer with overall responsibility of Tata Motors Operations globally, including...
- Gm: Nick Reilly To Temporarily Head Opel And Vauxhall After Carl-peter Forster's Resignation
As many anticipated, General Motors announced today that the company's executive vice president and head of international operations, Nick Reilly, will take over responsibilities for the operations of Opel and Vauxhall Europe. Reilly, 59, will replace...
- Another One Down: Gm Ceases Production Of Medium-duty Chevy And Gmc Trucks
General Motors, which entered bankruptcy protection on June 1st, said on Monday that it would terminate its medium-duty truck operations after having failed to find a buyer for the division. "After four years of working with multiple potential buyers,...
- Gm Records $6 Billion Net Loss In First Quarter, Burns $10.2 Billion In Cash
The first quarter numbers are in for General Motors and things aren't looking bright for the largest U.S. automaker as the Obama administration's June 1st bankruptcy deadline nears its end. General Motors recorded a net loss of $6.0 billion in...
- Gm Ceases Corporate Jet Operations, Wagoner Will Drive A Malibu To Dc...
Bowing over to the harsh criticism from Congress for the use of corporate jets, GM is following in the footsteps of Ford that announced the sale of its five corporate jets in its new business plan. In a statement issued today, GM said that it will cease...
Cars
GM Issues official Statement on the Disbandment of its High-Performance Vehicle Operations
As part of its restructuring plan (we wonder how many times we've heard this phrase in the past and how many more times we'll be hearing it in the future....), General Motors has disbanded its High Performance Vehicle Operations unit. The company said that all 60 engineers impacted by this decision "have been placed in other engineering operations of General Motors to work on core, volume products, including further improvements in fuel efficiency and advanced propulsion."
General Motors' H.P.V.O. unit was responsible for the chassis and powetrain development of the firm's most potent sports cars such as the Chevy Cobalt and HHR SS models and the Cadillac CTS-V.
"When market conditions and public demand for high performance or specialty vehicles change in the future, General Motors will return these resources to their original tasks," said GM in the statement.
- Tata Motors Hires Ex-opel Boss, Carl-peter Forster As Group Ceo
The former boss of General Motors Europe, Carl-Peter Forster, has been hired by India's largest automobile manufacturer, Tata Motors, as the group's Chief Executive Officer with overall responsibility of Tata Motors Operations globally, including...
- Gm: Nick Reilly To Temporarily Head Opel And Vauxhall After Carl-peter Forster's Resignation
As many anticipated, General Motors announced today that the company's executive vice president and head of international operations, Nick Reilly, will take over responsibilities for the operations of Opel and Vauxhall Europe. Reilly, 59, will replace...
- Another One Down: Gm Ceases Production Of Medium-duty Chevy And Gmc Trucks
General Motors, which entered bankruptcy protection on June 1st, said on Monday that it would terminate its medium-duty truck operations after having failed to find a buyer for the division. "After four years of working with multiple potential buyers,...
- Gm Records $6 Billion Net Loss In First Quarter, Burns $10.2 Billion In Cash
The first quarter numbers are in for General Motors and things aren't looking bright for the largest U.S. automaker as the Obama administration's June 1st bankruptcy deadline nears its end. General Motors recorded a net loss of $6.0 billion in...
- Gm Ceases Corporate Jet Operations, Wagoner Will Drive A Malibu To Dc...
Bowing over to the harsh criticism from Congress for the use of corporate jets, GM is following in the footsteps of Ford that announced the sale of its five corporate jets in its new business plan. In a statement issued today, GM said that it will cease...