Sliding GM tries to regain traction

Article Abstract:

Aiming to bolster its operations worldwide, U.S.-based auto maker General Motors Corp. is reorganizing its vehicle development, introducing new brands, and launching a U.S. sales promotion to clear out its more than 1.2 million unsold vehicles at home. Nevertheless, job losses are expected in the U.S. and have been the focus of union negotiations in Europe.

Italy, China, Europe, Acquisitions & mergers, Foreign operations, Market share, Personnel administration, Motor Vehicles and Equipment, Mergers, acquisitions and divestments, Company acquisition/merger, Labor relations, Transportation equipment industry, Fiat S.p.A., Company market share, Automotive industry

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Top dealer backs GM's price cuts

Article Abstract:

Response from automobile dealers to General Motors Corp.'s new pricing strategy is discussed. Success of the new plan, which will reduce new-vehicle profit margins for dealers, is being seen by Mike Jackson, chairman and chief executive of lead retailer AutoNation Inc., as crucial to the future of General Motors.

Marketing procedures, Commodity & service prices, Executive changes & profiles, Motor Vehicle Dealers, Motor Vehicle and Parts Dealers, New and used car dealers, Recreational vehicle dealers, Officials and employees, Prices and rates, Marketing, Beliefs, opinions and attitudes, Company marketing practices, Automobile dealers, Company pricing policy, AutoNation Inc., AN, Jackson, Mike

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Should GMAC go on the block?

Article Abstract:

General Motors Corp. is expected to present a more ambitious restructuring of General Motors Acceptance Corp. The consumer finance company earned $2.9 billion last year or about 80 percent net income of General Motors Corp. Both General Motors Corp. and General Motors Acceptance Corp. were downgraded by Fitch.

Consumer Lending, Personal credit institutions, Consumer Finance Institutions, Consumer finance companies, Company Profile, General Motors Acceptance Corp., Rankings

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