General Motors recently came to an agreement with the United Auto Workers on a new contract, and it appears at least one ratings agency likes the fine print. Automotive News reports that Standard & Poor’s has raised GM’s rating from BB- to BB+, while also giving the rating outlook a bump from “positive” to “stable.” [...]
The U.S. House of Representatives is investigating the motives behind the recent decision by Ford to pull an ad from its YouTube account that’s critical of the government bailouts of General Motors and Chrysler, only later to restore it. Representative Darrell Issa, R-California, has asked Alan Mulally, president and CEO of Ford, for a “full [...]
Energy firms’ profit margins have soared from £15 per customer per year to an astonishing £125 in just the past four months, it emerged today. The staggering rise equates to a 733 per cent increase in the amount made from customers since June, calculates industry regulator Ofgem. The figures are based on a snapshot of [...]
Cadillac really is ready to challenge all comers in the luxury automobile segment, then Mercedes-Benz is a great target to shoot for. As such, perhaps it’s not surprising that Caddy put together a video showing how it can easily dispatch one of the German automaker’s products. The battleground is a straight stretch of asphalt with [...]
Just when you thought automakers couldn’t shove any more inflatables into a vehicle’s cabin, General Motors has introduced yet another new airbag. The company’s new front center airbag is basically designed to keep the driver in place during a solo far-side impact, as well as prevent occupants from bouncing off of one another if there [...]
Meet Paul Copses, the first U.S. vice president of Customer Experience for General Motors. Starting October 1 2011, Copses will take responsibility for charming and keeping customers for the General Motors suite of automotive brands. Mark Reuss, GM North America President, will get direct reports from Copses, and regular updates will also be provided to [...]
Owners of 2007-2008 Chevrolet Impala models are once again suing Old General Motors for defects in their vehicles’ suspensions. The Detroit News reports that three Impala owners have filed suit in U.S. bankruptcy court claiming that the sale of the company’s assets was in bad faith and fraudulent on the grounds that the company didn’t [...]
Cadillac is going to keep things classy with its upcoming ATS. The top will stay on, which means the lineup will lose the planned convertible version but retain the sedan and coupe. What’s the motivation for the drop-top rejection? Volume projections. Cadillac doesn’t see enough convertible fans stepping up with cash to support the production [...]
Both General Motors and the United Auto Workers have had to make concessions in the most recent round of talks that led to the tentative labor agreement that’s currently awaiting ratification. But what exactly did workers give up in the process? For starters, GM employees will cease to enjoy free legal counsel starting in 2014. [...]
Ford has pulled its controversial “Drive One: Press Conference” ad starring owner Chris*, who offered negative commentary of the government-sponsored bankruptcies of crosstown rivals Chrysler and General Motors when asked why he chose to buy a Ford. You’ll recall that Ford and its CEO, Alan Mulally, was – and continues to be – publicly supportive [...]
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