Autophobic?! » GM

GM News, Finally, They Are Repaying Their Debts!

Heather — Tue, 22 Dec 2009 18:25:23 +0000

Finally, GM has fulfilled their promise and they have issues a very brief press release that they will be delivering on their promise to repay the government back to bailing them out. They also have released that Canada will be next and by the end of the year, both countries will be completely paid off.

GM actually sent $1 billion dollars to the feds and about $192 million dollars to the Canadian government just last week and the rest of the payments will be made by the end of the year – the total? About $6.7 billion dollars.

However, beyond all of that money, GM actually owes the government about 60% ownership as well.

GM market share will grow in October: Finally!

Heather — Fri, 16 Oct 2009 04:00:43 +0000

We all know that with GM going bankrupt, it has been a really, really tough year for them. Well folks, if you have been a fan of GM, it is good to finally put on some good news for them and let you know that GM’s market share is finally going up! According to the number-crunchers over at Edmunds.com, GM is going to have a lot of market share this month.

That is of course, if the preliminary figures hold up – it should come in at about 22.4 percent, which over last year, it was at 19.1. So that is definitely a difference and absolutely a better place for GM.

The reason for this? Well, the Buick LaCrosse and Cadillac SRX are two of the cars that are definitely bringing up the market share for GM!

Robert “Maximum Bob” Lutz: How he changed General Motors

admin — Sat, 28 Feb 2009 09:27:21 +0000

In the year 2001, CEO Rick Wagoner of General Motors was in desperate need to fix the car company’s sagging performance in the car industry. During that time, they had closed plants and cut jobs to be able to improve General Motors’ financial status by decreasing the costs. But of course, Wagoner believed that this strategy is no way an effective measure to help the company survive. He knew that General Motors needed a powerhouse to boost product development.

Wagoner decided to talk with Robert “Bob”: Lutz, who in that time has just retired from Chrysler from the position of Vice Chairman in 1999, for some recommendations. He doesn’t know Lutz personally at that time, but he knew Lutz’s reputation as a product czar who put Chrysler’s domain in the auto industry into the pedestal. The talk which is at first to seek recommendations turned out to be having Robert Lutz as General Motors’ vice chairman for product development.

Robert Lutz gained the confidence of General Motors. He stands out with his charisma and awesome performance when it comes to product development. He flies a jet trainer in the form of a Czech L-39 and speaks five languages. He has a total control over product selling. He knows how to meet the client demands and needs in a car and he is doing it so naturally.

Lutz emphasized on his work on quality and substance and it paid off with reviews and responses of flying colors from critics. Today, Maximum Bob decided to leave General Motors, and we here at Autophobic are sure he’ll be missed!