Word: buicks
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Dates: during 2000-2009
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Susan Docherty, the GM marketing executive responsible for selling the company's Buick, Pontiac and GMC brands, also tried to strike a positive note: "If you look at the brands I'm responsible for, our business was up 10% the first five months of the year," Docherty said. "It's frustrating," notes Docherty, adding the recession is speeding up the shutdown of dealerships. "We've got 6,100 dealers and we're going to go down to 4,500," she says. (See pictures of autoworkers...
...Buick dealership in downtown Beijing, sales manager Wang Quan has a lot less to do than he did a few months back. New Buicks used to leave his shop by the dozens each week, but these days, not even discounts of 15-18% can draw in the same number of paying of customers. "We used to sell 120 to 150 cars per month at this store," Wang says. "But starting from November, the number has shrunk to 90." The reason, he says, is simple: "The economic crisis...
...will sell or close Saturn. Pontiac and Saab could end up joining Oldsmobile and Plymouth in the hood-ornament graveyard because the cost of supporting a brand with a small market share doesn't make sense, nor does maintaining a dealership network created for an era when Chevy and Buick could support separate distribution systems. GM plans to reduce its dealer count 27%, to 4,700. "Certainly, having seven or eight brands for 25% of the market is far more than you need," says Ron Harbour, the partner in charge of consultancy Oliver Wyman's North American automotive practice...
...corporate when he's on business. Disney extends the private-jet perk to other top officers as well as directors attending meetings and other company events. Nice. Yes, Iger is having a way better year than the Detroit Three - would you rather own High School Musical or Buick...
...their jets, and all three CEOs said they would forgo salaries if they got the help they need, though that may not satisfy critics who claim the companies need entirely new management. More significantly, GM has pledged to consolidate its sprawling number of brands (focusing on Chevrolet, Cadillac, Buick and GMC), cut more than 20% of its remaining jobs, shutter almost a quarter of its factories and try to reduce crippling labor costs by reopening negotiations with the United Auto Workers. Ford, in its plan, stated that it would roll out all-electric models within two years...