The automobile business is great. Just ask someone who’s in it. “People want to buy cars,” says Rod Buscher, CEO of Summit Automotive Partners in Denver, which owns 30 assorted dealerships nationwide.
Can Detroit Be Retooled Before It’s Too Late?
Tag Archives: general-motors
Commentary: Obama finds a world that blames U.S.
After firing the CEO of General Motors and putting Chrysler on a path that could lead to bankruptcy, the still-popular President Obama moved from the domestic battlefield to the international one. But the subject is the same, with no relief in sight: the woeful world economy
GM’s new chief optimistic that he can steer the company to health
In his first week as president and chief executive officer of General Motors, Fritz Henderson expressed optimism that he can steer the company out of the economic rut in which it has stalled.
How Good Are GM and Chrysler Warranties?
President Barack Obama made clear at his press conference on Monday that the U.S. government would stand behind warranties on cars purchased while the automakers restructure
Merkel backs creation of ‘European Opel’
German chancellor Angela Merkel on Tuesday pledged government support for potential investors in General Motors’ European subsidiary, Opel.
Fishing boats sink off Libyan coast
Two fishing vessels carrying over 600 people sunk off the coast of Libya on Monday, according to Egyptian state television. It was not clear how many injuries or fatalities resulted from the incident.
Americans weigh in on Obama’s automaker bailout plan
Americans don’t favor handing billions more dollars to U.S.
The fate of four GM brands
Tough times call for tough measures. Nowhere is this truer than in Detroit’s auto industry. News of General Motors — once America’s largest commercial enterprise — possibly going out of business or eliminating divisions sends shudders through Wall Street and cities where GM employees work.
General Motors CEO resigns as part of bailout deal
General Motors CEO Rick Wagoner announced his resignation early Monday — the latest change for the troubled automaker. White House and GM sources had told CNN Sunday that Wagoner would resign as part of the federal government’s bailout strategy for the troubled automaker. “On Friday I was in Washington for a meeting with Administration officials.
Detroit Tries Muscle: The Return of the Camaro
Few General Motors Corp. cars have ever had the mystique of the Chevrolet Camaro. A macho machine if ever there was one, the Camaro was launched in the 1967 model year in response to Ford’s fabulous Mustang