GM set to launch new Silverado pickup, taking aim at Ford's top-selling F-series

Article Abstract:

General Motors Corp. launched its new Chevrolet Silverado with a $135 million advertising campaign. The Silverado is crucial to GM's push to improve profitability and to compete with Ford's F-series trucks. GM is counting on the Silverado to be a hit in order to deliver promises to restless shareholders. The Silverado is the only full size pickup that does not offer two rear doors, but it does have the biggest extended cab of any half ton pickup.

Product introduction, New Products/Services

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Lear agrees to pay United Technologies $2.3 billion for its auto-parts operation

Article Abstract:

United Technologies manufactures air-conditioning equipment, elevators and helicopters; its automotive parts business has been sold to Lear Corp. for $2.3 billion. The sale will help UT pay for its acquisition of Sundstrand Corp. announced in February. Lear out-bid Blackstone Group for the purchase rights. Now Lear will be able to provide a package to auto makers that includes car seats and the electronic controls to adjust those seats.

Comment:

Company to buy auto-parts unit from United Technologies

Asset sales & divestitures, Motor Vehicle Seating and Interior Trim Manufacturing, Public building & related furniture, Automobile Seating, Automobile equipment and supplies industry, Automotive parts industry, Mergers, acquisitions and divestments, Abstract, Lear Corp., LEA, Car seating, United Technologies Corp., UTX

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Wide gap exists between GM, rivals in labor productivity, report says

Article Abstract:

A major study of labor costs in the auto industry showed that General Motors Corp. (GM) has a $3.1 billion labor-productivity disadvantage compared to its main competitor Ford Motor Co. In order to catch up to Ford, GM would have to cut over 38,000 jobs, according to the study. James Harbour, a consultant for the auto industry, made the latest estimate of the penalty GM pays for overstaffing and ineffiency in its North American plants.

Comment:

Has a $3.1 billion labor-productivity disadvantage to its main competitor Ford Motor Co.

Financial management, Company Planning/Goals

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