Word: gm
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...benefiting from its traditional strengths - and even some of its weaknesses. The German firm has a strong position in Latin America, where it is the leading car maker, and in China, where it is ahead of the pack despite intense pressure from GM. Interestingly, the German car maker's weak position in the U.S. market, the world's largest, has turned out to be a blessing in disguise during this crisis. Toyota has been hit hard by falling sales in the U.S. and is closing a manufacturing plant in California, the first closure ever for the world's largest...
...have - and then obviously the TARP bank bailout money - didn't happen under our watch, but we had to administer it. We then took on making sure that GM and Chrysler didn't collapse, because that would have potentially created additional fear in the marketplace at a time when the economy was most vulnerable. But that got advertised...
...most vulnerable? While 50 to 60 days' supply of cars is considered ideal, Chrysler is sitting on a 71-day supply and GM has an 82-day supply even after keeping most of their factories shut since the beginning of May. Some foreign-based automakers had even higher numbers: Suzuki has a 108-day supply, Jaguar dealers are sitting on a 92-day supply, Mitsubishi stands at 84 days and Mazda has 78 days of supply, according to estimates from dealers collected by J.D. Power & Associates. Honda, which traditionally has kept inventories lean, has a generous 64-day supply; Daimler...
...plans to match the federal rebate dollar for dollar. Any consumer shopping for a new vehicle will qualify for the program, which offers up to $4,500 for the purchase of an eligible 2009-model-year Chrysler, Jeep or Dodge vehicle through the Double Cash incentive. Mike DiGiovanni, GM's general director of market analysis, says the federal program is also expected to encourage consumers who have leased vehicles in recent years to get back into the buying market. At the very least, DiGiovanni hopes to arrest a frightening trend: more than 50% of the buyers who have turned...
...Starting this [weekend] we're going to be running ads across all of our core brands that specifically mention cash for clunkers," said GM spokeswoman Susan Garontakos. GM is also mounting a direct-mail campaign designed to explain the program. Garontakos adds that these programs are in addition to specific financial incentives ranging up to $4,000 that GM offers on slow-selling models. "Our dealers are looking for an uptick in sales," she says...