Marc Carter
Bob Lutz and Other GM Execs Dump GM Stock
GM North America President Troy Clarke and soon to be departing Vice Chairman Bob Lutz plus four other execs have sold more than 200,000 shares of GM stock. Spokeswoman Julie Gibson says the sales don’t show a lack of faith in the company. As GM comes closer to the June 1st deadline, GM has publicly disclosed to its shareholders that...
Fiat/ Chrysler Deal Could Mean the Ford Ka May Eventually Come to the US
The deal between Fiat and Chrysler could mean that Ford could eventually bring its small Ka to the US. The Ford Ka and Fiat 500 are built on the same platform that as developed by Fiat. Currently there are plans for Fiat to build the 500 at one of Chrysler's North American plants, when the vehicle eventually goes on sale...
Honda Insight Becomes Japan's Best-Selling Vehicle…First Time for a Hybrid
Honda has announced that the new Insight hybrid was Japan's best selling vehicle in the month of April 2009. Honda managed to move 10,481 units making the Insight the first hybrid to ever top the sales charts in Japan (Toyota must not be happy). The Insight was introduced on February 6, 2009. It managed to move to the top spot...
GM Drops SS Versions of the Chevy Impala and Cobalt Sedan
GM has dropped the SS versions of the Chevy Impala and Cobalt sedan for the 2010 model year. The news came from GM's 2010 Online Order / Reference Guide for dealers. The death of the Impala SS is not that great of a loss, but the Cobalt SS sedan was a decent competitor with its 260-hp, turbocharged, four-cylinder engine. Full Story:...
GM Recalling the 2010 Camaro to Fix a Battery Cable Issue
At the end of April a Camaro5 forum member Bumleb was driving his brand new 2010 Chevy Camaro SS with only 40 miles on it, when it shut down. The culprit was a battery cable that was run from the trunk. The insulation had worn down from rubbing against the starter, which caused it to short out and shut...
Buick Astra Coming in 2011?
Now that Saturn has one foot in the grave, GM is looking at other ways of selling Opels in the US. The newest rumor claims that Buick is going to receive a version of the small Astra. If these rumors are in fact true, Buick will be getting a new small car in 2011 as a 2012 model. It's not...
Ford Announces Plans to Invest $550 Million in Michigan Assembly Plant
Ford has announced plans to turn its former Michigan truck plant into a more modern small car production facility. Ford is going to invest $550 million in the Michigan Assembly Plant to transform it into a "lean, green and flexible" plant that will build the next-generation global Ford Focus and a new battery-electric version for the North American market. The...
GM Adds Extra Shift at Oshawa Plant Due to Camaro Demand
Demand for the 2010 Chevy Camaro has prompted GM to add a shift for the week of June 29th at the Oshawa, Ontario plant. That week was originally planned as a week off. The Peterborough Examiner is also reporting that the flex line workers will begin working overtime on Saturdays during June, July and August. Full Story: Detroit News
Chrysler Announces New Incentives to Give Buyers What They Want
Chrysler has announced new incentives for the month of May to move more of its vehicles off dealer lots by giving buyers what they want...more cash. Beginning today, Chrysler is now offering $4,000 consumer cash on 2009 vehicles, $1,000 owner loyalty for current Chrysler owners and $1,000 credit union bonus cash for qualified members. So that basically means that some...
Saturn May be Dead, But Hybrid Technology Will Live On
GM has announced in its most recent Viability Plan to pull forward the resolution of Saturn by the end of 2009. So even though Saturn will not be a part of GM by the end of the year, the automaker is going to move forward with the hybrid plans that were initially planned for Saturn. Saturn currently has two hybrids...
