BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[As GM faces $4 gas, it's bye bye Hummer]]>http://www.bloggingstocks.com/2008/06/03/as-gm-faces-4-gas-its-bye-bye-hummer/http://www.bloggingstocks.com/2008/06/03/as-gm-faces-4-gas-its-bye-bye-hummer/http://www.bloggingstocks.com/2008/06/03/as-gm-faces-4-gas-its-bye-bye-hummer/#commentsFiled under: , , ,

General Motors Corp. (NYSE: GM) is finally facing the reality of $4 gas. The automaker today announced is plans to close four plants and introduce smaller, more fuel-efficient cars. More importantly, the company is considering selling its gas-guzzling Hummer brand.

Bloomberg News quotes GM Chief Executive Rick Wagoner as saying that the plant closings will save $1 billion and cut North American truck capacity by 700,000 vehicles. About 10,000 jobs may be cut as the result of the closures. GM's board also approved the production of a new small Chevrolet car in a plant in Ohio in 2010 and the Chevy Volt electric vehicle in Detroit, according to the Associated Press.

Wagoner's turnaround plan for GM, which was started in 2005, has hit a brick wall. Sales of pick-ups and SUVs are plunging as gas prices are rising. GM has already shifted much of its health care costs to the UAW but more needs to be done to help the automaker remain competitive.

Continue reading As GM faces $4 gas, it's bye bye Hummer

As GM faces $4 gas, it's bye bye Hummer originally appeared on BloggingStocks on Tue, 03 Jun 2008 10:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>automakersCAFE StandardsCafeStandardsChevy VoltChevyVoltE85 ethanolE85Ethanolfeaturedgas pricesGasPricesGMHummerrecessionToyota PriusToyotaPriusTue, 03 Jun 2008 10:20:00 EST<![CDATA[Auto industry CAFE whining falling on deaf ears]]>http://www.bloggingstocks.com/2007/06/06/auto-industry-cafe-whining-falling-on-deaf-ears/http://www.bloggingstocks.com/2007/06/06/auto-industry-cafe-whining-falling-on-deaf-ears/http://www.bloggingstocks.com/2007/06/06/auto-industry-cafe-whining-falling-on-deaf-ears/#commentsFiled under: , , , , , , , , , ,

General Motors Corp. (NYSE: GM), Ford Motor Co. (NYSE: F), DaimlerChrysler AG (NYSE: DCX) and the United Auto Workers just can't stop complaining about new, tougher fuel-efficiency standards that the U.S. Congress likely will pass.

The companies and union are taking their case to Capital Hill today at a private luncheon with leaders of the U.S. Senate to convince them to reconsider an overhaul of Corporate Average Fuel Efficiency (CAFE) standards, according to the Associated Press.

Let's hope that Senate Majority Leader Harry Reed has the guts to tell them to pound sand. The public is fed up with high gas prices and the growing problem caused by global warming. Even GM Chief Executive Rick Wagoner has acknowleged this reality, though the AP quotes him cryptically saying "let's make sure that we also fix the real problems while we're doing that."

Continue reading Auto industry CAFE whining falling on deaf ears

Auto industry CAFE whining falling on deaf ears originally appeared on BloggingStocks on Wed, 06 Jun 2007 14:43:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>auto industryAutoIndustryCAFE standardsCafeStandardsdcxffuel efficiencyFuelEfficiencyglobal warmingGlobalWarminggmHarry ReedHarryReedhondahybrid vehiclesHybridVehiclesRick WagonerRickWagonertoyotaWed, 06 Jun 2007 14:43:00 EST