General Motors: Today's News In A Nutshell

May 22, 2009

There's a lot going on in General Motors' world. To help you (and us) keep track of all the shenanigans, here's a bulleted, easy-to-digest summary of today's major headlines:

  • The feds are gearing up to drive GM into beautiful, downtown bankruptcyville next week. Not that we're pessimistic about the automaker's turnaround plan (due on May 31), but we kinda saw this coming. [WashingtonPost]
  • GM and the UAW have reached a new labor agreement. It probably won't have much effect on whether or not the General goes to banktrupcy court (see above), but it may save GM some money--and the UAW some headaches. [Freep]
  • The man who heads up Cadillac, Hummer, and Saab has called it quits after just 13 months on the job. Mark McNabb says he wants to spend more time with his family in New Jersey. The fact that two of his three brands are in the process of getting nixed might have something to do with it, too. [DetNews]
  • GM is king of the hill when it comes to U.S. market share and output, but if the experts are right, it won't stay that way for long. Given current sales trends, bean-counters are predicting that Toyota will leapfrog over the General's American sales stats sometime in 2010. And Ford should outpace GM's output later this year. On the upside, now the company won't have to worry about the pressure of being #1. [TheCarConnection and MotorAuthority]
  • GM is making progress on the hydrogen cell front! Which is great, except the cool kids have moved on to other, more viable things. [AutomobileMag]
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