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Despite huge losses, backing for CEO ‘has not changed,’ says spokesman

General Motors Corp. said its board continues to support Chairman and CEO Rick Wagoner despite the company’s deteriorating performance in the second quarter, when it lost a staggering $15.5 billion.
The board’s 13 directors gathered in Detroit on Monday and Tuesday for previously scheduled meetings that took place at a challenging time for the automaker.
GM is […]

6Aug2008 | Jim | 0 comments | Continued
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Nissan cars to push back when drivers floor it

Nissan’s revealed plans to install what it’s calling the “ECO Pedal” system in models next year. The technology makes the gas pedal press upward when it senses motorists are speeding up too quickly. Although Nissan says the system can help drivers improve fuel efficiency 5 to 10 percent, we say it’s the ultimate nanny technology […]

4Aug2008 | Jim | 7 comments | Continued
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Ford, GM explore joint engines

Bryce G. Hoffman / The Detroit News
General Motors Corp. and Ford Motor Co. are discussing a possible collaboration to develop new engines and other powertrain technologies, according to sources at both companies.
The rival automakers are keen to find ways to reduce research-and-development costs even as they struggle to respond to a dramatic shift in consumer […]

4Aug2008 | Jim | 5 comments | Continued
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2010 GMC Sierra Heavy Duty

New photos show a camouflaged 2010 Sierra HD (it has 8-lug wheels) that’s replaced the current model’s flush headlights and grille setup with offset chrome-bordered lamps and a deep inset grille. The hoodline also appears to have grown a bit taller than the current truck.
The straight pipe out the back indicates the truck has a […]

1Aug2008 | Jim | 2 comments | Continued
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GM posts $15.5 billion 2nd-quarter loss

DETROIT - General Motors Corp. said Friday its losses widened to $15.5 billion in the second quarter as North American sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan.
The loss of $27.33 per share is the third-worst quarterly loss in the automaker’s history. In the same period […]

1Aug2008 | Jim | 0 comments | Continued
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GM to cut 5,000 salaried workers

General Motors is looking to reduce its salaried (read: non-unionized) workforce by 5,000 employees by the end of the year, leaving the beleaguered automaker with 27,000 white-collar jobs in total. This 15% head-count reduction is part of an ongoing effort to trim costs as the automaker continues to hemorrhage cash.
Also on the docket are early […]

30Jul2008 | Jim | 0 comments | Continued
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iphone dyno!

Dynolicious utilizes the accelerometer built in to your iPhone or iPod Touch to sense the motion of your vehicle. This data is sampled as many as one hundred times per second, developing a detailed picture of the car’s acceleration. This information is then used to determine the speed of the vehicle and the distance travelled. […]

29Jul2008 | Jim | 4 comments | Continued



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