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Showing posts with label Detriot. Show all posts
Showing posts with label Detriot. Show all posts

Sunday, November 30, 2008

GM wants to sell, Pontiac, Hummer, Saab, and possibly Saturn

General Motors Corp. is studying possible elimination of some of its brands, with options including Pontiac, Hummer and Saab, the Free Press has learned.
A person familiar with the company's deliberations told the Free Press that all options are being considered as executives look at potential savings and devise a plan to submit to Congress in GM's bid for government loans to help it through a cash crisis.
In addition to the storied Pontiac brand, Hummer and Saab, Bloomberg reported Wednesday that the review included the Saturn brand.

Wednesday, November 19, 2008

Chinese car makers SAIC And Dongfeng Intend To Buy GM.

By Bertel Schmitt (the Truth about Cars blog)
November 19, 2008
The story that Chinese SAIC and Dongfeng are thinking (aloud) about buying GM or Chrysler, or maybe both, created a firestorm on both sides of the no longer so Pacific Ocean. Just in case someone still thinks it’s a fluke, the Chinese media is chockablock full with the story. It’s all in (duh) Chinese, but trust us: From mass-outlets like Sina.com all the way to the government-owned Autoinfo.gov.cn, their headlines shout (in Chinese: ) “SAIC and Dongfeng intend to buy GM.” As far as more substance to the story goes, there’s nothing to report.

China Daily - Facing a daunting job to survive, the Big Three automakers have gone to Washington DC to beg for emergency federal aid, as the economic crisis is churning more wildly to take its toll..