Posts Tagged ‘Financial Troubles’

Tesla CEO Musk is at it Again, Now Taking Shots at GM, Ford, Chrysler, and Unions


Tesla CEO Musk is at it Again, Now Taking Shots at GM, Ford, Chrysler, and Unions

Tesla CEO Elon Musk is at it again, causing yet another stir with some comments he recently made. This time the focus in on the fall of GM and Chrysler, and you can throw Ford in the mix too.

According to Musk, "Great companies are built on great products, when those products take a turn for the worse, so does the company. Automakers focused too much on money rather than innovation. The path to the CEO's office should not be through the CFO's, and it should not be

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2011 Chevrolet Camaro Convertible On Track, GM Says


2011 Chevrolet Camaro Convertible On Track, GM Says

Having won the hearts and minds of car lovers through a starring lead in the blockbuster movie Transformers as well as  generally favorable reviews, the Camaro coupe is well on its way towards becoming a modern classic.

Before General Motors got into major financial strife it released a number of concepts for the Camaro, one of them being a proposed ragtop model. Enthusiast websites have been umming and ahhing about the production possibilities this car but we finally

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Chrysler Peapod Mobility Appears to be on Hold


Chrysler Peapod Mobility Appears to be on Hold

Back on Earth Day, April 22nd, Peapod Mobility was to begin accepting orders online for its line of Peapod neighborhood electric vehicles or NEV for short.  The announcement of accepting orders came and went with no change to their website and no place to put an order in.

Peapod, a Chrysler product line, markets several different NEVs.  They are capable of speeds up to 25 mph and can travel for as little as 2 cents per mile and have a cute, smile inducing face.  With a range of 30 miles and

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Chevrolet Aveo replacement postponed until 2011



 Chevrolet Aveo replacement postponed until 2011


According to Reuters, Chevrolet's Aveo replacement has been postponed until January 2011 due to the well-publicized financial troubles at General Motors and its Korean subsidiary, Daewoo. Previously, the Aveo's replacement, codenamed T300, had been expected to bow in April of 2010.

Over the first four months of 2009, Daewoo has reported a whopping 44.5-percent decline in total vehicle sales, which comes as particularly bad news for The General since the Korean automaker accounts for a quarter

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