Another GM plant closing

Yet another GM plant will be closing this year. In a sad annoucment GM informed workers at its Moraine, Ohio plant that the factory will shut down on December 23rd. Just in time for Christmas. Happy Holidays Folks!

GM trying to gain Europeon Market Share

With the launch of the Chevy Cruze being done at the Paris auto show, Chevy is making a huge push in trying to catch the eye of European motorists. They are a discriminating bunch when it comes to cars and there expectations are very high. GM is confident that he Chevy Cruze will be able to sway some new customers towards their brand.

Going Green?

Congratulations to GM. The company sold 2,000 hybrid cars for the month of September.
Its not much, but its a start. Bravo on a small step in the right direction.

Chevy Traverse to be built in Spring Hill, TN plant

GM is launching its new Chevrolet Traverse in hopes the new eight-passenger crossover will attract buyers who have since fled away from SUVs due to the gas crisis. The plant once known for building GM's Saturn brand is thrilled to stay open. The majority of the plant's workers were furloughed while the plant was updated and retooled for the new model this year. Many of them are happy to still have a job in these tough times.

September Sales Repot

GM sales fell 16% during the month of Sept. 284,300 automobiles and trucks were delivered. Even with a 16% fall GM had a better month than its rivals Ford and Chrysler.

Target Marketing for Pontiac G8

I can't remember a commercial that has got me more excited than the new Pontiac G8 commercial "Spy Hunter." Anyone who grew up in the late 80s or early 90s remembers the classic arcade game, Spy Hunter. Well GM has just released a new commercial that incorporates a Pontiac G8 into the video game. This is genius! The target market for this ad grew up playing Spy Hunter in arcades and are now young professionals whom are searching for a cool car that retails around 30k. Well here you go.....

http://www.youtube.com/watch?v=_DYwmKekPTo

Employees Buying up Stock

GM employees have taken advantage of the recent downturn in the market by scooping up shares on the cheap. This has caused General Motors to suspend employee stock purchases through two 401(k) programs because workers have bought all the available shares.