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Showing posts with label General Motors. Show all posts
Showing posts with label General Motors. Show all posts

Saab files for bankruptcy protection. What's next?

The soap opera that has become Swedish automaker Saab, continues to unravel. The automaker is expected in bankruptcy court today in Sweden where it will find if they are shielded from creditors while a buyer for the company is found.

General Motors, former owner of Saab until their own bankruptcy let them shed the automaker, has been blocking the potential sale of Saab to a Chinese automaker. GM's basis is because they do not want the sharing of GMs platform technology with another competitor that could potentially undercut them in the Chinese market that GM has seen huge success with. And unfortunately, Saab depends on GM's help in that are in order to be able to build cars or at least until Saab has the funds to develop their own technology again. And that really isn't going to happen any time soon.

All the while dealers in the US and around the world have been patiently awaiting cars to be able to sell to customers, and with each passing day, its looking less and less likely they'll see them. So is this the swansong for Saab? Unfortunately it looks like it may very well be. I have always been a fan of the brand and would hate to see them go away, but I think the time has come to envision a world without new Saabs.

Book Review: Car Guys vs. Bean Counters

Bob Lutz, love him or hate him is one of my heroes. I see a lot of similarities between him and myself. Not only with the business prowess and the want to succeed, but also the fact that were are true dyed in the wool car guys. Having read Lutz's previous business book, Guts. I anxiously awaited the arrival of Car Guys vs. Bean Counters: The battle for the soul of American Business. At around 230 pages, I couldn't put this book. Every time I would pick it it up, I would get lost in the world of the auto industry I so truly love. There's a brief history lesson about GM's rise to to be the largest auto maker on the planet and the height of their style setting trends of the Harley Earl and Bill Mitchell era at  GM Design to loosing their ways in the Roger Smith era. But it's not all doom and gloom. There are plenty facts about what GM was doing right. And there's some interesting tidbits about other auto makers like Chrysler, Ford, Toyota, and VW. And lastly why the GM bankruptcy was an unfortunate truth that had to happen. bob Lutz is no stranger to the auto industry. His career has spanned nearly 5 decades and he has worked for all of the Detroit Big Three. I won't give away too much, but if you are passionate about cars and you are looking  for a great book to read. I highly recommend picking up Car Guys vs. Bean Counters.

What's the Best Chevrolet of all time?

As part of Chevy's centennial this year, the fine folks over at GM created an online contest to pick the best car out of Chevrolet's 100 year line up. Cars like the 53 and 63 Corvettes, 57 Bel Air, 69 Camaro, 70 Chevelle SS, the 1912 Classic Six, 09 ZR1, and even the 2011 Volt and a handful of others were all up for voting over the last few weeks with the winners heading to next round. By the time it was all said and done, the Chevy fans, chose the 1969 Chevrolet Camaro is the Best Chevrolet of all time. The Camaro won with an astounding 25,000+ votes. 2nd place was the 1970 Chevelle SS with only 18,000 votes.

Source: Chevrolet, General Motors

Little known history of the Chevrolet Bowtie.

Some automotive brands are pretty clear about how their corporate logos have come about. Ford, Chrysler, Volkswagen, Porsche and Ferrari all come to mind. One that's not well known, but also shrouded with a bit of mystery is the bowtie logo of GM's Chevrolet division.

Several stories have emerged as to how the now famous logo originated. One from Billy Durant's daughter who says that it originated from her father's imagination one night at dinner. Another from Durant's widow saying that her husband found a similar logo while reading a newspaper while on vacation in 1912. Others say it is a stylized version of the Swiss flag cross as Louis Chevrolet was born in Sweeden.

The official origin from General Motors is that Billy Durant saw the logo as part of the pattern on some wallpaper in a Paris hotel that he would tear down and return to Detroit with in 1908. The earliest known use of the the bowtie logo dates to 1913. So who's to say which one is the true meaning behind the bowtie? Durant passed away in 1947, so the answer has certainly gone to the grave at this point. But there is no denying that it ended up being the right choice as now, 100 years later the Chevrolet brand is still in business making cars.

Press Release:

DETROIT, Sept. 2, 2011 /PRNewswire/ -- Globally recognized today, the Chevrolet bowtie logo was introduced by company co-founder William C. Durant in late 1913. But how it came to be synonymous with the brand is open to wide interpretation.

Durant's version of how the logo came into existence is well known. The long-accepted story, confirmed by Durant himself, was that it was inspired by the wallpaper design in a Parisian hotel.

According to The Chevrolet Story of 1961, an official company publication issued in celebration of Chevrolet's 50th anniversary:

"It originated in Durant's imagination when, as a world traveler in 1908, he saw the pattern marching off into infinity as a design on wallpaper in a French hotel. He tore off a piece of the wallpaper and kept it to show friends, with the thought that it would make a good nameplate for a car."

However, conflicting accounts have emerged, each of which is plausible enough to deepen the mystery and suggest it may never be solved. Two of the alternate origins come from within the Durant family itself.

In 1929, Durant's daughter, Margery, published a book entitled, My Father. In it, she told how Durant sometimes doodled nameplate designs on pieces of paper at the dinner table. "I think it was between the soup and the fried chicken one night that he sketched out the design that is used on the Chevrolet car to this day," she wrote.

More than half a century later, another Bowtie origin was recounted in a 1986 issue of Chevrolet Pro Management Magazine based on a 13-year-old interview with Durant's widow, Catherine. She recalled how she and her husband were on holiday in Hot Springs, Va., in 1912. While reading a newspaper in their hotel room, Durant spotted a design and exclaimed, "I think this would be a very good emblem for the Chevrolet." Unfortunately, at the time, Mrs. Durant didn't clarify what the motif was or how it was used.

That nugget of information inspired Ken Kaufmann, historian and editor of The Chevrolet Review, to search out its validity. In a Nov. 12, 1911 edition of The Constitution newspaper, published in Atlanta, an advertisement appeared from by the Southern Compressed Coal Company for "Coalettes," a refined fuel product for fires. The Coalettes logo, as published in the ad, had a slanted bowtie form, very similar to the shape that would soon become the Chevrolet icon. Did Durant and his wife see the same ad – or one similar – the following year a few states to the north? The date of the paper was just nine days after the incorporation of the Chevrolet Motor Co.

One other explanation attributes the design to a stylized version of the cross of the Swiss flag. Louis Chevrolet was born in Switzerland at La Chaux-de-Fonds, Canton of Neuchatel, to French parents, on Christmas Day 1878.

Whichever origin is true, within a few years, the bowtie would emerge as the definitive Chevrolet logo. An October 2, 1913 edition of The Washington Post seems, so far, to be the earliest known example of the symbol being used to advertise the brand. "Look for this nameplate" the ad proclaims above the emblem. Customers the world over have been doing so ever since.

Many variations in coloring and detail of the Chevrolet bowtie have come and gone over the decades since its introduction in late 1913, but the essential shape has never changed. In 2004, Chevrolet began to phase in the gold bowtie that today serves as the brand identity for all of its cars and trucks marketed globally. The move reinforced the strength of what was already one of the most-recognized automotive emblems in the world. More than 4.25 million Chevrolets were sold in more than 120 countries and regions during 2010.

About Chevrolet -- Founded in Detroit in 1911, Chevrolet celebrates its centennial as a global automotive brand with annual sales of about 4.25 million vehicles in more than 120 countries. Chevrolet provides consumers with fuel-efficient, safe and reliable vehicles that deliver high quality, expressive design, spirited performance and value. The Chevrolet portfolio includes iconic performance cars such as Corvette and Camaro; dependable, long-lasting pickups and SUVs such as Silverado and Suburban; and award-winning passenger cars and crossovers such as Spark, Cruze, Malibu, Equinox and Traverse. Chevrolet also offers "gas-friendly to gas-free" solutions including Cruze Eco and Volt. Cruze Eco offers 42 mpg highway while Volt offers 35 miles of electric, gasoline-free driving and an additional 344 miles of extended range. Most new Chevrolet models offer OnStar safety, security and convenience technologies including OnStar Hands-Free Calling, Automatic Crash Response and Stolen Vehicle Slowdown. More information regarding Chevrolet models can be found at www.chevrolet.com

Source: GM

Another Pittsburgh dealer closes its doors

After 41 years serving the North Hills. Demors Linclon ceased operations as of Tuesday. Demors began business as a Lincoln Mercury dealer in 1970. However due to the loss of the Mercury brand and struggles that still exist in the auto industry caused Demors to be one of many long time dealers in the area to close their doors. McKnight Road is no stranger to automotive dealerships. Currently North Hills Toyota, Baierl Kia, and Mick's Chrysler/Dodge/Jeep all make residence on McKnight. McCrackin Ford also made its home on McKnight before closing in 2007. Their building still sits empty on one of the busiest sections of McKnight, sitting across the street from Ross Park Mall. That area seems to be struggling  for new business and a makeover as many storefronts in the Ross Towne Center is also void of many stores after Circuit City, Damon's and Roomful Express have all vacated within recent years.

But back to Demors. What does this now mean for Lincoln and Mercury vehicle owners in the North Hills? Of course any Ford dealer can service the cars with no problems. So that gives owners the option of servicing at Shults Ford in Wexford. Unfortunately, this leaves the sales gap open at a very crucial time for Ford Motor Company as it works with the Lincoln brand in redeveloping its image. Just as General Motors is doing so with Cadillac. Will we see another Lincoln dealer open in the North Hills? I certainly hope so. With the brand image that Ford is moving forward with, with Lincoln being a stand alone brand. I can see an entirely new dealership built to reflect the Lincoln image. But it would have to be north of Ross Township to better compete with other dealers. Both Cadillac and Lincoln are working to take on a more youthful buyer segment and thus the DeVille and Town Car nameplates respectively have been dropped by each brand. Hopes are to bring entirely new flagship vehicles to each brand, but both are difficult vehicles to replace. Just as dealerships are. We are sad to see Demors close, but it unfortunately is one of the necessary evils that we have to face in the auto industry.
Pittsburgh's Most Valuable Bloger

Pittsburgh's Most Valuable Bloger

We have made it through the nomination period and have now moved on to the voting stage. The contest picks blogs from six categories ranging from Dining/Entertainment, Sports, Lifestyle, Local Affairs, Health/Fitness & Everything Else. We are competing in the Everything Else category and are the only automotive oriented blog eligible for voting. So here's a run down of what Autobahn Automotive News is all about and why I would like your votes (you can vote once per day).

Autobahn Automotive News is based in Pittsburgh Pennsylvania. I have been a life long car nut having a great passion for both cars and the auto industry as a whole. I have worked in the auto industry for 15 years holding a variety of positions at several well known dealerships in the Pittsburgh area. During the auto industry downturn, I became a freelance auto industry analyst and have continued to aid local dealers in regards to trends in the industry, marketing solutions and Internet marketing efforts. Autobahn Automotive News was born from some of these efforts and wanting to share some of my stories about cars, auto industry news, photos, event coverage, road tests and anything else I really fell like writing about that's related to cars.  Along with working in the auto industry, my passion goes deeper to the cars themselves. I have been privileged to drive some of the finest cars in the world. From Yugos to Aston Martins. I get excited looking at radiator mascots on pre war cars to the latest in designs from manufacturers all over the world, and everything in between.

While I have a great passion for everything automotive, my affinity is towards Volkswagen cars and their subsequent brands of Audi and Porsche. However, I also share a fondness for Ford, Chrysler, and General Motors and what made them the giants of the industry. I also have the honor of serving as a member of the car show committee for the Pittsburgh Vintage Grand Prix association and as having held several positions on the board of the Three Rivers Volkswagen Club. So with Autobahn Automotive News, we don't really follow any rhyme or reason as to what we post about, but one thing's for sure. It will be automotive related in some form or another. Having contacts within just about every auto manufacturer, along with media access grants me access to industry news before many hear about. So look for exciting new posts to come!

Voting for the CBS Pittsburgh's Most Valuable Blogger contest runs through September 9th, 2011. You are allowed to vote once per day so please vote for this site as many times as you can. There is a badge to the left that will take you to the voting page. Thank you for your continued patronage.

The end has come. GM to wind down Saab operations.


After failed talks between Koenigsegg and now Spyker, General Motors has announced today that the Saab brand is no more. GM will begin immediately to wind down operations of the 62 year old Swedish auto manufacturer. It truly is a shame that a deal couldn't happen between either of the interested parties. But alas there just isn't a place for Saab in the New GM.

Official Statement from GM.

 

Saab Sale Cannot Be Concluded

Brand to be Wound Down

2009-12-18
 



Detroit.  General Motors announced today that the intended sale of Saab Automobile AB would not be concluded. After the withdrawal of Koenigsegg Group AB last month, GM had been in discussions with Spyker Cars about its interest in acquiring Saab. During the due diligence, certain issues arose that both parties believe could not be resolved.  As a result, GM will start an orderly wind-down of Saab operations.


“Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

In order to maintain operations, Saab needed a quick resolution,” said GM Europe President Nick Reilly.  “We regret that we were not able to complete this transaction with Spyker Cars. We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our customers.”


Saab will continue to honor warranties, while providing service and spare parts to current Saab owners around the world.


As part of its efforts to become a leaner organization, GM began seeking a buyer for Saab’s operations in January.  Last week, Saab Automobile AB announced that it had closed on the sale of certain Saab 9-3, current 9-5 and powertrain technology and tooling to Beijing Automotive Industry Holdings Co. Ltd. (BAIC).  GM expects today’s announcement to have no impact on the earlier sale.


As the company continues to reinvent itself, GM has been faced with some very difficult but necessary business decisions. The focus will remain on the four core brands – Buick, Cadillac, Chevrolet and GMC – and several regional brands, including Opel / Vauxhall in Europe.  This will enable the company to devote more engineering and marketing resources to each brand and model.




General Motors Company, one of the world's largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 209,000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall, Wuling and Jiefang. More information on the new General Motors Company can be found at www.gm.com.
As official as it is going to get. General Motors files for bankruptcy

As official as it is going to get. General Motors files for bankruptcy

We're experiencing history folks. General Motors, the largest auto manufacturer and one of the worlds largest corporations has officially filed for bankruptcy in the United States Bankruptcy Court.

We are awaiting a press conference from President Barak Obama regarding GM, and we will bring updates as they become available.

We do know that Chairman Fritz Henderson WILL continue to lead GM through bankruptcy. The fate of Saturn, Hummer and Saab is still up in the air at this point. Going through bankruptcy, GM will carry Chevrolet, Cadillac, Buick, GMC Truck. Hummer, Saturn, Saab and Pontiac will be either phased out or sold.

The New York Stock Exchange was showing GM stock valued at $.75 cents late last night with morning trading showin $.70, though it has steadily gone back up all morning. Currently it is trading at $.98 cents per share.