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Should The CEO's of Detroit's Big 3 Step Down?

Автор: SharaMoore | среда, 30 сентября 2009 г.

Today Congress is meeting to discuss the details of the $25 billion bailout plan for U.S. automakers. Debates are going back and forth from both sides on how to solve this problem. Some senators are now even saying that the CEO's of the Big 3 should consider stepping down from their positions if that is what it will take for Congress to approve the plan.

During an interview yesterday on NBC’S “Meet the Press”, Michigan Sen. Carl Levin stated I’d be happy to tell (GM CEO) Rick Wagoner that he ought to consider resigning if that is the difference between getting this kind of support and not. If it was the difference between getting this kind of support or not, obviously the management should consider resigning."

2010 Ford Fusion Hybrid Set to be the First Ever Hybrid Pace Car

Автор: SharaMoore |

Ford has announced that the all-new 2010 Ford Fusion Hybrid will be the first ever hybrid pace car in the NASCAR Sprint Cup.

The 2010 Fusion Hybrid and Fusion Sport will both make their debut at the race. Both vehicles will be camouflaged in NASCAR-inspired camouflage during the race. The Fusion Hybrid will lead the field to the green flag and the Fusion Sport will remain the pace car for the rest of the race.

GM May Delay Chevy Cruze and Next-Gen Malibu

Автор: SharaMoore |

GM is definitely going through some hard times with the declining US market and still managing to blow through $1 billion bucks a month.

GM is trying to cut costs across the board, which may lead to a delay in the introduction date of the new Chevy Cruze and the next-generation Chevy Malibu. Last week it was announced that the upcoming Cadillac CTS Coupe and next-gen Buick LaCrosse are being delayed. Now BusinessWeek is reporting that the Chevy Cruze is going to be delayed a year until 2011 (2012 model) and the next-generation Chevy Malibu is going to be delayed 6 months until 2013.

The delays are expected to help GM save some money, but is it smart to delay the introduction of the Cruze? GM needs more quality small cars in its lineup and 2011 is not soon enough.

GM Shoots for Number 1 with the Chevy Traverse

Автор: SharaMoore | суббота, 26 сентября 2009 г.

GM recently introduced the all-new Chevy Traverse crossover that is based on the same architecture as the Buick Enclave, Saturn Outlook and GMC Acadia. GM is hoping that the Traverse will have what it takes to grab the number one sales spot in the large crossover segment.

Currently Toyota and Honda own the segment with the Highlander and Pilot. Last year Toyota sold 127,878 Highlanders and Honda sold 117,146 Pilots. Chevy boss, Ed Peper claims that the Traverse can beat both of them.