Tag Archives: general motors

Hummer going bust, very slowly..

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After selling very little Hummer vehicles last year and a recent deal with a chinese car manufacturer falling through, dealer General Motors are deciding to slowly end the brand.

It hasn’t been a good year and traders have not been selling many vehicles in general but this is just another brand affected by the economic climate. General Motors (or GM for short) are going to discuss with its dealers and employees how to end the business in a safe manner and eventually end the Hummer brand. For all existing customers with Hummers, there will still be warranty services available and will continue throughout the warranty periods. Check back here for more motor trade information.

General Motors find Temporary replacement

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We posted recently about the GM boss resigning and staying in control till a replacement is found. Well it now seems like one has been found, but only on a temporary basis. His name is Nick Reilly and he is the former boss of motor company Vauxhall. He  is only taking over operations of General Motors Europe, not the whole General Motor’s company. He is said to have a lot of experience dealing with the opel/vauxhall brands so is an ideal fit for the role. We’ll see how this affects the search for a new CEO for the General Motors company but we’ll keep you posted!

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General Motor’s Owner Resigns

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The boss of General Motor’s is set to resign when the company has recruited his replacement. According to the motor company, they had already started searching for a new boss for Opel/Vauxhall but now they are on the hunt for a new GM boss too.

We have been covering what’s been happening with a proposed buy out of the company with the Canadian company Magna International and when it fell through, we weren’t expecting the boss of the motor company to step down. Until his replacement is found, Carl-Peter Foster will resume his normal duties.

For motor trade insurance, you can visit broadsure direct at our motor trade insurance page.

General Motors Keep Hold of Vauxhall

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After much deliberation of a take over. Opel/Vauxhall are staying up with GM (General Motors). It comes as quite a shock to the motor trade industry as it was almost certain that they would be moving to Magna International based in Canada.

The reason that the take over has fallen through could be from the 4.5 Billion Euro loan they received from the German government.  According to GM, the European market has improved and so has their own financial stability (this could be from the huge loan!). It proves that its possible to revive a fallen motor company, especially in the current climate. For Vauxhall/Opel, its onwards and upwards, working on what they do best and improving their vast range of vehicles.

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