(June 11th, 2010 under Automobile Industry , Fun Stuff , History)
Under the sub heading of “did you know that?”: “The original Cadillac logo was based on the family arms of Antoine de La Mothe, Sieur de Cadillac, a minor aristocrat who founded Detroit in 1701. Mr. Cadillac’s own heraldry appears to have been borrowed or concocted, by some accounts.”
Since its origination, the Cadillac logo has [...]
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(June 9th, 2010 under Automobile Industry )
The answer to that question is a simple one: China. GM recently had some hard decisions to make. Would it kill off its last “big new idea” which was to build from the ground up a small car line using new methods of factory operation (read Japanese methods)? Of course, this refers to Saturn, which [...]
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(May 17th, 2010 under Automobile Industry )
Based on an increase in sales of its cars and cost reductions a result of its bankruptcy and other cost cutting moves, GM reported a profit of 865 million for last quarter, on revenue of 31.5 billion dollars, which was up 40%. Note that for the same period, Ford (which avoided bankruptcy and government loans) [...]
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(April 27th, 2010 under Automobile Industry )
In an exciting report, Ford announced that in the first quarter, it earned 2.1 billion in profit. Recall that only Ford was able to stay out of bankruptcy by selling (at a loss) its European car line (including Jaguar and Range Rover) and thus bulking up its cash position. It also entered into a huge [...]
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(April 8th, 2010 under Automobile Industry )
Recall that Mercedes said not that many years ago that it was “merging” with Chrysler – then once all the American born executives at Chrysler were moved out in lieu of German born ones, some people acknowledged that it was more of a purchase not a merger. Then, time passed and car sales declined precipitously [...]
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(April 8th, 2010 under Automobile Industry )
GM lost 4.3 billion in the 6 months after it emerged from Chapter 11 reorganization, which it undertook to fix its debt problems. One can only respond to the news of GM’s post bankruptcy losses with: “that’s never good.” One “automotive turn around expert” responded to the news … by blaming the “bankruptcy stigma” … [...]
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(April 5th, 2010 under Automobile Industry )
Unfortunately it was only shown in China. Cadillac V-Day : enjoy! http://www.youtube.com/watch_popup?v=SbuDRA4zNbw
Michael
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(March 30th, 2010 under Automobile Industry )
“Geely [Zhejiang Geely Holding Co.] is buying Volvo from Ford for $1.8 billion in the biggest overseas purchase by a Chinese automaker. Volvo’s leader will have to staunch plummeting sales to return the company to profit while tapping growth in China, which surpassed the U.S. as the world’s largest car market in 2009. Geely plans [...]
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(March 2nd, 2010 under Automobile Industry )
For the first time in many many years, monthly US sales of Ford products has topped that of GM products. “Ford deliveries jumped 43 percent to 142,285 vehicles compared with 141,951 for GM. The Dearborn, Michigan-based company hadn’t topped GM in domestic sales since a strike idled the biggest U.S. automaker almost 12 years ago, [...]
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(February 26th, 2010 under Automobile Industry )
The proposed sale of the Hummer brand from GM to a Chinese company has fallen through. Based on sliding sales, GM decided to sell the Hummer brand. The proposed buyer was a company named Sichuan Tengzhong Heavy Industrial Machines. Evidently the sale fell off the cliff when the possible buyer was not able to obtain [...]
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