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Articles Written by: KEVIN KROLICKI
I n a crowded ballroom next to a bankrupt casino, what remains of the Detroit property market was being picked over by speculators and mostly discarded. After five hours of calling out a drumbeat of “no bid” for properties listed in an auction book as ...
From KEVIN KROLICKI,
Globe and Mail,
26 Oct 2009
The Chevrolet Volt - the electric vehicle General Motors Co is counting on to recharge its image with consumers - is on track to hit an unprecedented fuel economy rating of 230 miles per gallon in city driving, the automaker said Tuesday.
GM Chief ...
From KEVIN KROLICKI,
Canada.com,
11 Aug 2009
The U.S. Cash for Clunkers plan to jump start car sales by offering up to $4,500 (U.S.) for older cars swapped out for new ones is so successful that the White House and Congress were scrambling on Friday to find $2-billion more for the program.
Ford ...
From JOHN CRAWLEY AND KEVIN KROLICKI,
Globe and Mail,
31 Jul 2009
DETROIT -- General Motors exited bankruptcy on Friday, far more quickly than most industry watchers had expected, as a leaner automaker aiming to win back American consumers and pay back taxpayers.
A whirlwind 40-day bankruptcy for GM concluded with ...
From KEVIN KROLICKI,
Canada.com,
10 Jul 2009
DETROIT (Reuters) - General Motors on Friday prepared to exit bankruptcy with the message that a leaner and meaner automaker ready to win back American consumers and pay back taxpayers has emerged from its failure.
A whirlwind 40-day bankruptcy for GM ...
From KEVIN KROLICKI,
Boston Globe,
10 Jul 2009
A quarter century ago, when GM was first experimenting with Toyota-style lean manufacturing, then-GM board member Ross Perot famously complained that “Revitalizing GM is like teaching an elephant to tap dance.”
Now it’s the Obama administration’s turn ...
From KEVIN KROLICKI,
Reuters,
1 Jun 2009
DETROIT (Reuters) - General Motors Corp said on Thursday it had reached a deal with some major bondholders that would give them a bigger stake in a reorganized automaker and could pave the way for a fast-track bankruptcy backed by the U.S. Treasury ...
From KEVIN KROLICKI AND DAVID BAILEY,
Boston Globe,
28 May 2009
DETROIT (Reuters) - General Motors Corp won a cost-cutting deal from its Canadian labor union on Friday, part of a package of concessions the automaker is expected to take into a federal bankruptcy court by the end of this month in a showdown with its ...
From KEVIN KROLICKI AND DAVID BAILEY,
Boston Globe,
22 May 2009
DETROIT (Reuters) - The United Auto Workers union expects a crucial round of restructuring talks with General Motors Corp "to intensify this coming week" ahead of an end-of-May deadline set by the Obama administration.
In an e-mail message sent to rank- ...
From KEVIN KROLICKI,
Boston Globe,
18 May 2009
DETROIT (Reuters) - General Motors Corp plans to drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
Taken together with a similar ...
From DAVID BAILEY AND KEVIN KROLICKI,
Boston Globe,
15 May 2009
