Friday, September 28, 2012

GM’s Hunt For The Blue October

  • "Perhaps no story will get more play than the third-quarter earnings report General Motors has now scheduled for October 31, less than a week before the election. Could this prove to be the sort of October Surprise that has sank or resurrected so many presidential bids in the past?"
  • "GM executives are pushing Opel for a definitive agreement to close Opel's Bochum plant. According to the Wall Street Journal, GM "would like to be able to announce the plan before or along with its third-quarter earnings, which are expected to be disclosed Oct. 31."
  • "GM said in a filing with the U.S. Securities and Exchange Commission it aimed to sign agreements with Peugeot on product- development, vehicle-supply and powertrain-supply plans by the end of October."
  • "Kevin Wale, 57, who has led the Asian operations since 2005, will step down October 31, the company said in a statement on Wednesday. He'll be replaced by Bob Socia, 58, who is now head of global purchasing for GM. Socia will start work in China on October 1."
  • "New Delhi: General Motors India Pvt. Ltd will raise the prices of all its models from 1 October.
  • "This October's events include employee- and dealership-sponsored fund-raising walks; a Chevrolet Certified Service matching rebate contribution program; appearances by a specially themed pink Camaro SS pace car and USAC National Midget Car; and test-drive contributions at selected Southern Women's Shows. Additional Chevrolet activities will be announced in October."

And what's your October surprise?



from The Truth About Cars http://www.thetruthaboutcars.com




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