GM suspends big truck orders because of American Axle strike

By JAMIE LAREAU
General Motors has suspended production of several full-sized pickups and sport/utility vehicles, including the GMC Yukon.
General Motors has told its dealers it has suspended production of some 2008 full-sized trucks and SUVs because of the American Axle & Manufacturing Holdings strike.
The vehicles:

GMC Yukon
GMC Denali
GMC Sierra heavy-duty regular cab
GMC Sierra heavy-duty extended cab
GMC commercial [...]

May 7th, 2008 | Posted in Car News | No Comments | Tags : , , ,

GM posts $3.25 billion loss in first quarter

By PHILIP NUSSEL
General Motors said on Wednesday that it posted a net loss of $3.25 billion during the first quarter–the bulk of the red ink coming from one-time charges for its troubled GMAC investment and for continuing problems at supplier Delphi Corp.
GM also said it lost about $800 million in the quarter because of costs [...]

May 6th, 2008 | Posted in Car News | No Comments | Tags :