Showing posts with label GMC. Show all posts
Showing posts with label GMC. Show all posts

Thursday, January 6, 2011

GMC Terrain, 2010

GMC Terrain, 2010

 
 

The GMC Terrain is a five-passenger crossover SUV that blends bold styling with fuel efficiency and premium features.

A new, 2.4L four-cylinder engine that features direct injection is expected to deliver best-in-segment highway fuel economy of 30 mpg. Maximum fuel economy is achieved in part with an "ECO" mode that is activated via a console-mounted button. When engaged, it lowers the torque converter lockup speed to 1,125 rpm to help save fuel on models equipped with the 2.4L engine.

With front-wheel-drive and all-wheel-drive models offered in SLE and SLT trim levels. The comprehensive purposeful technologies such as:
    * Standard rear vision camera
    * Programmable power rear liftgate
    * Bluetooth hands-free phone capability
    * MultiFlex sliding rear seat that increases passenger comfort or provides optimal       cargo space
    * Remote vehicle start
    * USB audio connectivity; MP3 playback
    * Seven-inch touch-screen navigation system and a 40-gigabyte hard drive
    * DVD-based rear-seat entertainment system with two independent screens
    * Standard OnStar and XM Satellite Radio

Segment-best safety is anticipated, with features that include four-wheel disc brakes with StabiliTrak electronic stability control and traction control, as well as six standard air bags: dual frontal air bags; head curtain side air bags and pelvic/thorax seat-mounted side air bags. OnStar with one-year Safe and Sound service is also standard.
Bold styling
GMC Terrain has a balanced, athletic stance and offers a commanding view of the road. Its design is characterized by bold, muscular fender flares, representing GMC's aesthetic. Surfacing is angular yet refined, with a strong and capable front-end appearance that features precise, squared-off edges.
The additional design features include a unique, three-element grille that is accented by a prominent chrome surround and projector-beam headlamps mounted in large, rectangular housings with chrome accents.
The interior details and flexibility

The GMC Terrain's rich, premium interior is influenced by industrial sculpture and exudes refinement exemplified by contrast stitching and fine materials that create a structured look throughout the cabin. A "floating" center stack, highlighted by warm ambient lighting, houses a multitude of ergonomic comfort and convenience controls.
The GMC Terrain also features great attention to detail, with smart use of storage space and compartments that are suitable for a variety of items. They include an oversized glove box; a closed storage area in the instrument panel above the center stack; a closed storage compartment under the center armrest large enough for a laptop computer; and two-tier storage in the doors.
GMC Terrain's seats were developed to provide outstanding comfort and the standard MultiFlex sliding rear seat can be moved fore or aft nearly eight inches (200 mm), providing increased passenger comfort or greater rear cargo capacity. The 60/40-split rear seatback offers additional configurations for passengers and cargo; and the rear cargo area offers 31.6 cubic feet (894 liters) of storage, as well as one of the GMC Terrain's four auxiliary power outlets. The Confident and agile driving experience.

Two new engines are offered on all GMC Terrain models, each with fuel-saving direct injection and variable valve timing technology. Vehicle highlights include:
    * New 3.0L DOHC direct injected V-6 engine estimated at 264 horsepower (197 kW), which       delivers an estimated 25 mpg highway, 18 mpg city (EPA certification pending).
    * New 2.4L Ecotec direct injected I-4 engine estimated at 182 horsepower (136 kW) that       delivers an estimated 30 mpg highway, 21 mpg city (EPA certification pending)
    * Driving range of more than 500 miles (800 km) with both engines, for less-frequent       fill-ups
The powertrains are mounted on a rigid, body-integral structure, with single-piece body side stampings and targeted applications of high-strength steel. It is the foundation of a confident driving experience that is both smooth and responsive.
GM's first application of Active Noise Cancellation (ANC) technology is used on 2.4L-equipped models. ANC uses microphones to detect booming sounds inside the vehicle and sends counteracting sound waves through the audio system's speakers, ensuring a quiet driving experience at almost all vehicle speeds.
The GMC Terrain rides on a 112.5-inch (2,857 mm) wheelbase and features a four-wheel independent suspension system, with wide front and rear tracks that enhance the ride and handling. A family of 17-inch, 18-inch aluminum and 19-inch chrome-clad wheels is available.
GMC Terrain's rack-mounted electric power steering system provides greater fuel efficiency on four-cylinder-equipped models, saving nearly 11 miles per tank of gas.

Sunday, January 2, 2011

GMC Yukon Hybrid

GMC Yukon Hybrid
GMC Yukon HybridPowertrains and Performance
The GMC Yukon Hybrid is available with rear-wheel or four-wheel drive. Both models utilize a 6.0-liter V8 engine coupled to a pair of 60-kilowatt electric motors located inside what GM calls an electrically variable transmission. Together, they produce 332 horsepower and 367 pound-feet of torque. The system can accelerate the Yukon up to speeds of approximately 25 mph using electricity only, while the V8's cylinder-deactivation system helps reduce fuel consumption at higher speeds. Regenerative braking replenishes the batteries by capturing energy normally lost when you come to a stop.

Fuel economy ratings stand at 21 mpg city/22 mpg highway and 22 mpg combined for rear-wheel-drive Yukon Hybrids, with 4WD versions earning identical numbers except combined, which is just 1 mpg less. Maximum towing capacity for a properly equipped 4WD model is 6,000 pounds.

Driving Impressions
It's not a stretch to say that driving the GMC Yukon Hybrid feels like being behind the wheel of a 5,600-pound Prius. There's the same eerie quiet when accelerating and braking, as the gas engine shuts off to let the electric motors do their thing. Although it's a tad strange, the result is a quiet cabin, while transitions between gas and electric modes, and eight- and four-cylinder mode, are either undetectable or easy to ignore.

Although the Hybrid is the most powerful Yukon available, it's also the heaviest, so don't expect particularly brisk acceleration. Also, the transmission isn't what we'd call responsive; there can be a notable delay when you ask for full power. Handling is about what you'd expect -- safe but ponderous. Most crossovers are notably more carlike from behind the wheel. The Yukon's cabin remains fairly quiet at speed, though, and the ride is relatively smooth for a truck-based SUV.

GMC Terrain

GMC Terrain
GMC Terrain
GMC TerrainThe Terrain uses the same platform as the Chevrolet Equinox but has blockier styling. The GMC is a front-drive, five-seat crossover SUV, with an optional all-wheel-drive system and a choice of 2.4-liter four-cylinder and 3.0-liter V-6 engines. There’s a raft of available luxury features.

Specifications

VEHICLE TYPE: front-engine, front-wheel-drive, 5-passenger, 5-door wagon
PRICE AS TESTED: $36,430 (base price: $28,095)
ENGINE TYPE: DOHC 24-valve V-6, aluminum block and heads, direct fuel injection
Displacement: 183 cu in, 2994cc
Power (SAE net): 264 bhp @ 6950 rpm
Torque (SAE net): 222 lb-ft @ 5100 rpm

TRANSMISSION: 6-speed automatic with manumatic shifting

DIMENSIONS:
Wheelbase: 112.5 in Length: 185.3 in
Width: 72.8 in Height: 66.3 in
Curb weight: 4008 lb

C/D TEST RESULTS:
Zero to 60 mph: 7.5 sec
Zero to 100 mph: 20.3 sec
Street start, 5–60 mph: 7.8 sec
Standing ¼-mile: 15.9 sec @ 89 mph
Top speed (governor limited): 120 mph
Braking, 70–0 mph: 161 ft
Roadholding, 300-ft-dia skidpad: 0.78 g

FUEL ECONOMY:
EPA city/highway driving: 17/25 mpg
C/D observed: 17 mpg

Vehicle Details

$31745 Terrain AWD 4dr SLT-2
4-Door All Wheel Drive SUV, 182 bhp, 172 lb-ft, 6-sp Automatic, 20/29 mpg
5 passengers, 4200 lb, 2.4-liter, 4-cylinder engine, 23.1 lb/bhp

Audio system, AM/FM/XM stereo with CD player and MP3/WMA playback capability Graphic Interface Display (GID), Radio Data System (RDS), auxiliary jack input, speed-compensated volume, USB port receptacle and outside temperature display
Audio system feature Pioneer premium 8-speaker system with subwoofer and amplifier.
XM Radio is standard on more than 50 2010 GM models, including three trial months of service. XM turns your world on with commercial-free music channels for virtually every music genre, all in amazing digital quality sound. Turn on your favorite sports, the biggest names in News, Talk and Comedy, family programming, exclusive concerts and original music series, wherever you go from coast to coast. Everything worth listening to is now on XM (XM service available only in the 48 contiguous United States and the District of Columbia. XM Radio subscription required and sold separately after trial period. Fees, taxes, and a one-time re-activation fee, may apply. Subscriptions governed by XM Customer Agreement available at xmradio.com. All fees and programming subject to change. Family programming Packages are available. Not available with (UE0) OnStar delete.)
Bluetooth for phone personal cell phone connectivity to vehicle audio system and HMI (Human Machine Interface)

MECHANICAL
Engine, 2.4L I-4 SIDI (Spark Ignition Direct Injection) with VVT (Variable Valve Timing), (182 hp [135.7 kW] @ 6700 rpm, 172 lb-ft [232.2 N-m] @ 4900 rpm)
Transmission, 6-speed automatic
Rear axle, 3.53 final drive ratio (Included and only available with (LAF) 2.4L I-4 SIDI engine and (MXO) 6-speed automatic all-wheel drive transmission.)
Alternator, 120 amps
Chassis - all wheel drive (TLM26 model only.)
Battery, 525 cold-cranking amps with rundown protection
Suspension, front independent, strut type coil springs
Suspension, rear independent trailering arm with three lateral locating links, coil springs
Suspension, Soft Ride
Steering, power, variable electric assist
Brakes, 4-wheel antilock, 4-wheel disc
Exhaust, single.

Tuesday, December 21, 2010

GMC Sierra All Terrain HD

GMC Sierra All Terrain HDThe new Sierra HD underpins the All Terrain HD concept, with a modified, production-based 4WD chassis and the Duramax diesel/Allison 1000 six-speed powertrain. The enhanced suspension and unique body dimensions, including increased ground clearance and wider track, as well as greater approach/departure angles, deliver off-road capability while maintaining HD levels of payload and trailering capacity. The All Terrain HD is painted Iridium Metallic – a dark charcoal color that reveals a reddish, anodized inflection when viewed from certain angles.

Based on the chassis of the 2011 Sierra HD trucks, the All Terrain HD features a fully boxed steel frame with exceptional strength and torsional stiffness. It incorporates the production models’ new independent front suspension and asymmetrical rear leaf-spring suspensions, but with a wider 73-inch (1,853 mm) track (front and rear) that enhances stability during off-road and highway driving. A production Sierra 2500HD has front and rear tracks of 68.8 inches (1,748 mm) and 67.3 inches (1,709 mm), respectively.

GMC Sierra All Terrain HDThe GMC Sierra All Terrain HD concept is propelled by the new, production 6.6L Duramax turbo-diesel V-8 and Allison 1000 six-speed automatic transmission powertrain combination offered in the 2011 Sierra HD trucks. The Duramax is rated at 397 horsepower (296 kW) and 765 lb.-ft. of torque (1,037 Nm).

GMC Sierra All Terrain HDThe powerful 6.6L Duramax is more fuel-efficient – with up to 11-percent greater fuel economy than previous versions – and reduces NOx emissions by up to 63 percent. The powertrain’s efficiency is assisted by the Allison 1000 transmission, which requires less engine power to funnel torque to the axles. It also incorporates a “smart” exhaust brake feature that helps save wear on the brakes on downhill grades, a feature available on production Sierra HDs.

Saturday, March 6, 2010

GMC Denali XT Concept

GMC Denali XT Concept


It offers a 50-percent increase in combined fuel economy over comparable small pickup trucks when running on gasoline, and it incorporates a new, muscular form in a performance-styled, hybrid sport-utility truck (SUT).

The Denali XT has a unibody architecture and rear-wheel drive, enabling its distinctive design and efficient performance. It builds on the equity of the Denali line and its reputation for advanced engineering and refinement, the first combination of GM's two-mode hybrid system with an E85 ethanol-capable engine. Denali XT's new, more efficient 4.9L version of GM's small-block V-8 features fuel-saving technologies such as direct-injection technology and Active Fuel Management.

The engine is matched with GM's unique two-mode hybrid propulsion system, giving the powerful SUT exceptional fuel economy and uncompromising capability - including all-electric drive at low speeds. It is a powertrain combination that makes the Denali XT perfectly suited to a variety of active lifestyle activities, such as hauling skis and snowboards to the mountain or towing a sport jet boat to the lake.

Design and construction were spearheaded by Holden Design, within the Australian arm of GM's global design and engineering network.


Dramatic design statement
A muscular form and wide, firmly planted stance give the Denali XT a confidently capable road presence. Minimal overhangs, large wheels, sleek headlamps and a low roof profile deliver an aggressive, performance-oriented appearance.

The Denali XT's design includes a new take on GMC's iconic grille, with a prominent, four-bar element in addition to the large, red GMC logo and signature Denali background. Flared fenders accentuate the wide road stance. The stance is also enhanced when the Denali XT is lowered on its air-adjustable suspension, which creates a sleeker appearance that simultaneously improves aerodynamics. Large, bold 23-inch wheels and custom Kuhmo tires complement the Denali XT's stance.


The Inside
The Denali XT blends mechanical functionality with leather-trimmed comfort.
Billet-metal surrounds, controls and instruments convey the cold precision of an aircraft cockpit. This is balanced by the warmth of bespoke saddle-leather trimmed seats and other contact surfaces.
Truck capability
With stiffness that is greater than most conventional, body-on-frame trucks, the Denali XT's unibody structure supports a very capable truck platform. It also serves as the mounting point for a four-wheel independent suspension that gives the vehicle its performance feel on the road. The multilink front suspension features a forward-mounted steering rack and dual lower links with ball joints at the outer ends, providing sharp responses to driver input. At the rear, a four-link suspension design uses coil-over shocks and a decoupled stabilizer bar to enhance cornering control, reduce body roll and optimize longitudinal compliance. In short, it's a truck that hauls more than cargo on twisting roads.

The rear cargo area is wide, deep and flat, with no suspension or wheelhouse protrusions; the cargo floor measures 55 inches long (1,397 mm) by 47.5 inches wide (1,206 mm). It all adds up to the space to haul a wide variety of lifestyle accessories.

The Denali XT has an estimated payload capacity of 1,100 pounds (499 kg) and a towing capacity of an estimated 3,500 pounds (1,587 kg). This capability is delivered through unique vehicle and powertrain integration, where the multiple modes of GM's two-mode hybrid system provide towing capability.


New 4.9L SIDI V-8 and two-mode hybrid system
The GM's rear-wheel-drive two-mode hybrid transmission is paired with a smaller-displacement version of the small-block engine. The new V-8 4.9L E85-capable engine powers the Denali XT with an estimated 326 horsepower (243 kW).
It uses direct-injection technology to produce the power of a larger engine, but consumes less fuel and produces lower emissions.

The Denali XT's two-mode hybrid system is partnered with the 4.9L engine and uses an electrically variable transmission to enhance fuel efficiency in city and highway driving. In city driving, all-electric propulsion is used at low speeds; on the highway, fixed-gear operation enables efficient performance even when towing a trailer.

The specific characteristics of the Denali XT allowed the synergistic evolution of GM's small-block V-8 and two-mode hybrid beyond the recently introduced in GM two-mode hybrid products, such as the GMC Yukon Hybrid and Sierra Hybrid. During this optimization process, additional powertrain technologies have been integrated, including Active Thermal Management, which transfers thermal energy from one driveline component to another to improve efficiency; and a high-efficiency axle configuration, which fundamentally reduces the losses normally associated with conventional axle configurations.

Monday, January 11, 2010

Detroit 2010: GMC Acadia Denali

GMC Acadia Denali

Nearly lost in the hubbub at this morning's GMC-Buick press conference here at the Detroit Auto Show was GMC's new-for-2011 Acadia Denali. This is the first time that GMC has extended its upscale Denali trim to a crossover, but they haven't changed the formula just because the designation is no longer exclusive to body-on-frame. As ever, Denali equates to a modestly swankier interior (mahogany trim, perforated leather heated and cooled seats, additional ambient lighting), along with seemingly every other option, including sat-nav, Bluetooth, three-zone automatic HVAC, heads-up display and the obligatory gigantic sunroof.

On the outside, trainspotters will be able to spot the Denali by its monotone paint (Summer White as seen here, Quicksilver Metallic, Carbon Black, Red Jewel Tintcoat or White Diamond Tricoat), honeychrome grille (yeah, we said honeychrome), along with model-specific fascias and polished six-spoke 20-inch wheels.

[Source: GMC]

Detroit 2010: GMC Granite Concept

GMC Granite Concept

Feast your eyes on the next Pontiac Vibe GMC Granite concept. We have to wonder if this car was originally designed to slot into Pontiac lineup before that brand was axed, as it doesn't really seem to fit into the Professional Grade image that GMC has used as a tagline for ages. Or, it could be that General Motors really is considering expanding its GMC brand a few notches down in size.

Whatever the case, we think the Granite is a pretty neat little addition to the burgeoning boxy-but-good small car market here in the States as currently defined by the Scion xB, Kia Soul and Nissan Cube. Unlike those production machines, though, the Granite is a bit tougher in execution, kinda-sorta like the Ford Synus concept from the 2005 edition of the Detroit Auto Show.

Wednesday, August 12, 2009

GM announces. 2011 Chevrolet Volt will get 230 mpg city!

2011 Chevrolet Volt will get 230 mpg city!

In case you missed it this morning, General Motors CEO Fritz Henderson made some big news just one month after the "new" GM emerged from bankruptcy protection.

First of all, Henderson announced that the GM FastLane blog would now be used to solicit feedback on new designs directly from customers. Over the next two years, GM will be launching 25 new models in its four remaining "core" brands (Chevrolet, Cadillac, Buick and GMC).

After the webcast ends, we'll going over to the design dome for a preview of the new large XTS and small ATS models from Cadillac. The latter will slot in below the CTS and be aimed directly at the BMW 3-series with rear- and all-wheel drive. The XTS is expected to be based on a stretched Epsilon II platform.

The biggest bombshell is Henderson's announcement that the "230" marketing campaign floating around for the past week is related to the 2011 Chevrolet Volt. The EPA has released a new methodology for determining a draft fuel economy standard for extended-range EVs like the Volt, and under this new procedure, the Volt will have a composite urban fuel economy rating of 230 mpg! On the electric side, the Volt will consume 25 kW/hours per 100 miles. That makes the Volt the first car ever to get a triple digit fuel economy rating.

According to Frank Weber, vehicle chief engineer for the Volt, the number is based on combined electric only driving and charge sustaining mode with the engine running. He declined to get specific about the proportions, but did say that the urban cycle would be predominantly EV only. The EPA has been studying real world vehicle usage and is developing the formulas to try and provide a representative number of what most customers could expect to achieve. In addition to the composite number, the new EPA stickers will likely also get numbers for mileage in charge sustaining mode and electric efficiency in EV mode.

Stay tuned for more news from this morning's event as it happens.

[Source: General Motors]

Monday, August 3, 2009

GM starts leasing Cadillac, Buick, GMC and Chevy models again

2010 Cadillac SRX

Understatement of the Year: It's been a rough 2009 for General Motors. The 101 year-old automaker lost billions of dollars in record time, its market share plummeted, and overall sales were down over 30%. Oh, and the General had to ask for billions in loans from the US government before ultimately going through bankruptcy. A bad year indeed.

The fact that GM went through these tumultuous times without a leasing program made matters even worse, but that's about to be rectified. GM is teaming up with US Bank on a pilot leasing program in Michigan, Ohio, New Jersey, New York and Connecticut. Already underway and set to run through August 31, the program will only apply to certain vehicles. The 2009 Chevy Malibu and Traverse, along with the Cadillac CTS and 2010 Cadillac SRX are included, joining the Buick Enclave, GMC Acadia and Chevy Equinox.

While the program is regional for the time being, the launch of the SRX will be accompanied by a nation-wide lease program through US Bank. Mark LaNeve, GM's vice president of U.S. sales, feels the SRX lease will help launch the new luxury crossover. "Leases are an important part of the luxury market, so we decided that launching the all-new 2010 Cadillac SRX crossover with a national lease will add a lot of excitement."

[Source: GM]

PRESS RELEASE:

GM Announces Lease Program - Provides an Additional Consumer Financing Option for New Vehicle Purchases

* U.S. Bank offers rates on select Cadillac, Buick, GMC and Chevrolet models
* Five-state pilot program covers eight models
* All new 2010 Cadillac SRX lease available nationally

Detroit – General Motors Company announced an expansion of leasing today with enhanced lease programs on select 2009 and 2010 Cadillac, Buick, GMC and Chevrolet models. The leases, offered by U.S. Bank, are part of a pilot program that includes select GM vehicles sold in New York, New Jersey, Connecticut, Michigan and Ohio. In addition, a lease on the all-new Cadillac SRX will be offered by U.S. Bank nationally. The pilot is currently planned to run through August 31, 2009.

"GM and our dealers have done an incredible job without a leasing program throughout this difficult economic period, but we always knew that we would get back into leasing as it is important to a certain group of our customers," said Mark LaNeve, GM vice president of U.S. sales. "We have a number of products that offer a great opportunity for a lease option. Also, leases are an important part of the luxury market, so we decided that launching the all-new 2010 Cadillac SRX crossover with a national lease will add a lot of excitement."

"U.S. Bank has one of the largest auto loan and lease programs in the nation. We have supported the auto industry for more than 50 years, and this is an example of our continued commitment to the industry," said Tom Wirth, who leads indirect lending at U.S. Bank.

Initially, lease offers will be available on the 2009 Cadillac CTS, Chevrolet Malibu and Traverse. For 2010 models, leases will also be available on the Cadillac SRX, Buick LaCrosse and Enclave, the GMC Acadia and the Chevrolet Equinox. Monthly payments will vary according to the customer's down payment and the first month's payment due at signing, but are expected to be very competitive. No security deposit will be required.

For more information, customers in the five lease states (New York, New Jersey, Connecticut, Michigan and Ohio) should visit their local Cadillac, Buick, GMC or Chevrolet dealer.

About General Motors: General Motors Company, one of the world's largest automakers, traces its roots back to 1908. With its global headquarters in Detroit, GM employs 235,000 people in every major region of the world and does business in some 140 countries. GM and its strategic partners produce cars and trucks in 34 countries, and sell and service these vehicles through the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Opel, Vauxhall and Wuling. GM's largest national market is the United States, followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. General Motors Company acquired operations from General Motors Corporation on July 10, 2009, and references to prior periods in this and other press materials refer to operations of the old General Motors Corporation. More information on the new General Motors Company can be found at www.gm.com.

About U.S. Bank: U.S. Bancorp (NYSE: USB), with $266 billion in assets, is the parent company of U.S. Bank, the 6th largest commercial bank in the United States. The company operates 2,850 banking offices and 5,173 ATMs in 24 states, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.

Tuesday, July 28, 2009

The Blake Project offers $100k worth of free brand consultancy to GM

The Blake Project offers $100k worth of free brand consultancy to GM

General Motors is probably swimming in ideas and getting another thousand offers every day on how to turn the company around – there are fifteen pages of responses on the Tell Fritz site alone, and those are just the questions the GM CEO has answered. Add the company's recent advertising issues to that, and the internal suggestion box is most likely brimming as well.

Enter The Blake Project, a brand consultancy firm that is offering GM $100,000 worth of time for free. That won't include economy travel expenses, but will include a day with the firm's three-man team of Jack Trout, Brad VanAudken, and Mark Ritson, to "share insights, ideas and expertise."

What might those insights and ideas be? Some of them were looked at in a piece called "New Brand Strategies for GM." The first task given is to define the brands, e.g., Chevrolet should stand for something like "Good value, variety and heritage," instead of "big, small, expensive, cheap, truck, van or sports car." Buick should "stop making cheap Buicks," and Cadillac "can never be a prestige car. The fancy imports dominate that category." Is that glimpse worth setting aside a day of GM's time? If anyone at the General thinks so, click the link below...

[Source: Branding Strategy Insider]

Thursday, July 9, 2009

GMC adds hybrid model to Yukon Denali SUV

2010 GMC Yukon Denali Hybrid

General Motors has finally added the 2-Mode Hybrid powertrain to its top-level GMC Yukon Denali. There aren't any mechanical changes to the gas-electric drivetrain that's been available since 2008 in the standard-grade Yukon and its platform mates, the Chevrolet Tahoe and Cadillac Escalade. All of which means we'll see a 6.0-liter Vortec V8 engine with 332 horsepower and 367 lb-ft of torque and up to a 6,200-pound towing capacity.

According to GM, the hybrid hardware is mostly contained in the 2-Mode Electrically Variable Transmission, which features twin electric motors powered by a 300-volt nickel metal hydride battery pack. Expect EPA fuel economy ratings of 21 city, 22 highway for two-wheel drive models and 20/20 when equipped with four-wheel drive.

As far as mechanical changes go, the Denali Hybrid will bring the first application of GM's MagnaRide suspension system to the Yukon. As you'd expect in a top-level SUV, the Denali Hybrid will come fully loaded straight from the factory – the only three options will be a sunroof, rear-seat entertainment DVD system and side blind spot alert mirrors.

PRESS RELEASE:

GMC YUKON HYBRID LINEUP EXPANDS WITH UNIQUE YUKON DENALI HYBRID

New for 2010

* New exterior colors: Taupe Grey Metallic and Sheer Silver Metallic replace Blue Granite Metallic, Silver Birch Metallic and Deep Ruby Metallic
* USB connectivity in center console, enabling stored audio files to play through the audio system and battery charging for some handheld devices

The GMC Yukon Hybrid broke ground with the world's first production 2-Mode full hybrid propulsion system, which on the 2WD model offers 21 mpg in city driving – a 50-percent improvement over non-hybrid models. The lineup now includes the distinctive Yukon Denali Hybrid, which infuses a new level of luxury into the efficient utility vehicle.

Along with exceptional fuel economy, the Yukon Hybrid and Yukon Denali Hybrid deliver full-size capability – up to 6,200 pounds (2,812 kg) of towing capacity (2WD) and standard eight-passenger seating capacity.

Yukon Hybrid models are built on GM's full-size SUV platform, which incorporates features such as a fully boxed frame, coil-over-shock front suspension, rack-and-pinion steering and a premium interior that bolsters the vehicle's comfort, quality and capability. Wide front and rear tracks enhance handling and lower the center of gravity for a more confident road feel.

The Yukon Hybrid was designed with safety in mind. It delivers a 360-degree safety system of occupant protection and crash-avoidance technology, with features such as standard StabiliTrak stability control system with rollover mitigation technology. For 2010, the long list of standard safety features is enhanced with the addition of front seat-mounted side air bags on all models.

Yukon Denali Hybrid details

The Yukon Denali Hybrid rides on unique 22-inch, eight-spoke, flangeless chrome wheels that make a stylish Denali appearance statement.

Inside, designers filled the cabin with luxurious amenities such as standard 12-way power, heated/cooled leather-appointed perforated front seating and heated, second-row, leather-appointed bench seating. Buyers may choose an Ebony or Cashmere interior. The only three options on this fully equipped vehicle are a sunroof, rear-seat entertainment DVD system and side blind zone alert mirrors.

Enhanced connectivity includes standard OnStar with Directions & Connections and Turn-by-Turn Navigation, navigation radio with rear camera system, a Bose Centerpoint Surround Sound System and three years of real-time XM NavTraffic.

A comprehensive safety package of crashworthiness and crash-avoidance features includes front- and side-impact air bags, anti-lock brakes and StabiliTrak with traction control. The Yukon Denali Hybrid also is equipped with GM's MagnaRide suspension, the first application of this advanced technology in a Yukon. MagnaRide uses magnetic particles in the shock absorber fluid to adjust the damping rate of the shock absorbers – based on road conditions and vehicle dynamics – to help keep tires in contact with the road.

Patented, industry-leading hybrid technology

The Yukon Hybrid's fuel-saving performance is derived from GM's advanced Electrically Variable Transmission (EVT) and 300-volt nickel-metal hydride Energy Storage System (ESS), which work with the standard 6.0L V-8 gasoline engine with Active Fuel Management (AFM) and late intake valve closing (LIVC) technology. GM's hybrid technology system not only enables the Yukon to launch and drive up to 27 mph (43 km/h) on electricity alone, it allows the Vortec 6.0L V-8 engine to operate in its more economical V-4 mode for longer periods.

As part of the vehicle's emission control system, the ESS is warranted for eight years/100,000 miles.

In the Yukon Hybrid and Yukon Denali Hybrid, the hybrid system itself generates the electricity to propel the vehicle. When the brakes are applied or the vehicle is coasting, the electric motors in the hybrid system create electricity and store it in the 300-volt battery. This electricity helps move the vehicle.

The hybrid system provides seamless, dependable power on demand in an efficient package. In fact, its electric motor is less than half the size of those in single-mode hybrid systems. This technology was developed and is still used in fleets of hybrid transit buses in more than 70 North American and European cities. Scaled down for use in passenger vehicles, the two-mode system delivers fuel savings where it is needed most – in large vehicles with high levels of capability. The two-mode system was first introduced on the 2008 Yukon Hybrid. It is a core part of GM's energy diversity efforts, centered on reducing dependence on petroleum, improving fuel economy, reducing emissions and minimizing the automobile's impact on the environment.

Quiet and smooth

Integration of the hybrid system on the Yukon is seamless – the battery pack is beneath the second-row seat – and delivers a quiet driving experience. Contributors to this include:

* Specific exhaust system and resonator tuned for the 6.0L engine's Active Fuel Management operation
* Additional engine intake induction tuning for reduced interior noise and pleasing sound quality
* Low-rolling resistance, "quiet-tuned" P265/65R18 tires for reduced road noise
* Electrically driven 300-volt air conditioning compressor reduces vibration and allows the standard, tri-zone HVAC system to cool the passenger compartment even when the gasoline engine is shut off
* Electrically driven 42-volt variable-assist power steering reduces vibration and provides up to a 0.5-mpg fuel economy improvement by reducing parasitic losses common in belt-driven hydraulic systems
* Energy Storage System (ESS) cooling system internal fan is tuned to be quiet at low vehicle speeds.

Along with quietness, the Yukon Hybrid also delivers exceptional driving smoothness, thanks to specifically tuned shocks.

Trailering performance

In addition to increased fuel economy, the Yukon Hybrid's electrically variable transmission also provides tremendous trailering capability, enhancing driving smoothness and quality when towing.

Electric drive is enabled up to 27 mph (43 km/h), saving fuel even when the truck is towing a trailer.

The EVT incorporates grade braking and tap up/tap down shift control. It also benefits towing on curves or lower-speed back roads, as exceptionally smooth gear transitions eliminate the "shift shock" torque disruption that can occur during abrupt shifts, such as when slowing or braking.

In addition to the eight-year/100,000-mile warranty on the Yukon Hybrid's Energy Storage System, GM's five-year/100,000-mile Powertrain Limited Warranty continues to make GM a better choice for customers. GM's coverage focuses on the complete ownership experience and includes other provisions that competitors do not offer, including transferability to the next owner, more complete coverage of parts, and coverage for new and certified used vehicles. In addition, GM offers complementary courtesy transportation and roadside assistance.

Sunday, July 5, 2009

GMC Terrain

The GMC Terrain is a five-passenger crossover SUV that blends bold styling with fuel efficiency and premium features.

"The new Terrain brings GMC's history of innovation and engineering excellence into a smaller, fuel-efficient package for today's buyer," said Susan Docherty, Buick-Pontiac-GMC vice president. "The capability attributes that make a vehicle a GMC are ingrained in GMC Terrain, making it an appealing choice for existing traditional SUV customers who are looking for distinctive styling and increased efficiency."

A new, 2.4L four-cylinder engine that features direct injection is expected to deliver best-in-segment highway fuel economy of 30 mpg. Maximum fuel economy is achieved in part with an "ECO" mode that is activated via a console-mounted button. When engaged, it lowers the torque converter lockup speed to 1,125 rpm to help save fuel on models equipped with the 2.4L engine.

With front-wheel-drive and all-wheel-drive models offered in SLE and SLT trim levels. The comprehensive purposeful technologies such as:

* Standard rear vision camera
* Programmable power rear liftgate
* Bluetooth hands-free phone capability
* MultiFlex sliding rear seat that increases passenger comfort or provides optimal cargo space
* Remote vehicle start
* USB audio connectivity; MP3 playback
* Seven-inch touch-screen navigation system and a 40-gigabyte hard drive
* DVD-based rear-seat entertainment system with two independent screens
* Standard OnStar and XM Satellite Radio

Segment-best safety is anticipated, with features that include four-wheel disc brakes with StabiliTrak electronic stability control and traction control, as well as six standard air bags: dual frontal air bags; head curtain side air bags and pelvic/thorax seat-mounted side air bags. OnStar with one-year Safe and Sound service is also standard.

Bold styling
GMC Terrain has a balanced, athletic stance and offers a commanding view of the road. Its design is characterized by bold, muscular fender flares, representing GMC's aesthetic. Surfacing is angular yet refined, with a strong and capable front-end appearance that features precise, squared-off edges.
The additional design features include a unique, three-element grille that is accented by a prominent chrome surround and projector-beam headlamps mounted in large, rectangular housings with chrome accents.

The interior details and flexibility
The GMC Terrain's rich, premium interior is influenced by industrial sculpture and exudes refinement exemplified by contrast stitching and fine materials that create a structured look throughout the cabin. A "floating" center stack, highlighted by warm ambient lighting, houses a multitude of ergonomic comfort and convenience controls.

The GMC Terrain also features great attention to detail, with smart use of storage space and compartments that are suitable for a variety of items. They include an oversized glove box; a closed storage area in the instrument panel above the center stack; a closed storage compartment under the center armrest large enough for a laptop computer; and two-tier storage in the doors.

GMC Terrain's seats were developed to provide outstanding comfort and the standard MultiFlex sliding rear seat can be moved fore or aft nearly eight inches (200 mm), providing increased passenger comfort or greater rear cargo capacity. The 60/40-split rear seatback offers additional configurations for passengers and cargo; and the rear cargo area offers 31.6 cubic feet (894 liters) of storage, as well as one of the GMC Terrain's four auxiliary power outlets.

The Confident and agile driving experience

Two new engines are offered on all GMC Terrain models, each with fuel-saving direct injection and variable valve timing technology. Vehicle highlights include:

* New 3.0L DOHC direct injected V-6 engine estimated at 264 horsepower (197 kW), which delivers an estimated 25 mpg highway, 18 mpg city (EPA certification pending).
* New 2.4L Ecotec direct injected I-4 engine estimated at 182 horsepower (136 kW) that delivers an estimated 30 mpg highway, 21 mpg city (EPA certification pending)
* Driving range of more than 500 miles (800 km) with both engines, for less-frequent fill-ups

The powertrains are mounted on a rigid, body-integral structure, with single-piece body side stampings and targeted applications of high-strength steel. It is the foundation of a confident driving experience that is both smooth and responsive.

GM's first application of Active Noise Cancellation (ANC) technology is used on 2.4L-equipped models. ANC uses microphones to detect booming sounds inside the vehicle and sends counteracting sound waves through the audio system's speakers, ensuring a quiet driving experience at almost all vehicle speeds.

The GMC Terrain rides on a 112.5-inch (2,857 mm) wheelbase and features a four-wheel independent suspension system, with wide front and rear tracks that enhance the ride and handling. A family of 17-inch, 18-inch aluminum and 19-inch chrome-clad wheels is available.

GMC Terrain's rack-mounted electric power steering system provides greater fuel efficiency on four-cylinder-equipped models, saving nearly 11 miles per tank of gas.






Thursday, June 25, 2009

2010 GMC Terrain priced from $24,995

2010 GMC Terrain

When the 2010 GMC Terrain begins rolling out of General Motors' CAMI assembly facility in Ingersoll, Ontario and into dealerships this September, the new CUV will be clutching a $24,999 sticker price (including a $745 destination charge). For that sum, buyers will get GM's latest direct injected four-cylinder engine, in this case displacing 2.4-liters and producing 182 horsepower and 174 pound-feet of torque.

Perhaps more importantly, this engine manages to deliver an EPA-estimated 32 miles per gallon on the highway, a class-leading figure. Also available will be a 3.0-liter direct injected V6 engine with 264 horsepower and 222 pound-feet of torque, a GPS navigation system and a rear-seat DVD infotainment system. The least expensive all-wheel-drive model will go for $26,745.

Standard safety equipment includes six airbags, StabiliTrak vehicle stability control and GM's excellent OnStar service. On the technology front, every GMC Terrain will come equipped with a rear-view camera system, six-speaker AM/FM/CD audio system with USB connectivity and XM satellite radio. Stepping up a few notches to the top-rung SLT2 trim will bring leather seating surfaces, an upgraded sound system from Pioneer, power liftgate and a sunroof for $29,995.

PRESS RELEASE:

GMC Announces Pricing on All-New Terrain

Well-Equipped Five-Passenger Crossover to Start Under $25K

* 2010 GMC Terrain FWD starts at $24,995; AWD version at $26,745
* Terrain offers class-leading fuel economy/rear-seat legroom with standard premium features
* Terrain arrives in GMC dealerships in September

DETROIT - GMC has announced that its all-new Terrain five-passenger crossover will arrive in showrooms in September sporting a starting price of $24,995 for the front-wheel drive model. An all-wheel drive model starts at $26,745. Both prices include a $745 destination and freight charge.

"The Terrain allows us to build on the evolution we started with the Acadia, applying the distinctive styling and capabilities that have always been a part of the GMC DNA to smaller, more fuel efficient vehicles that customers are seeking in today's rapidly changing market," said Susan Docherty, GM North America Vice President, Buick-Pontiac-GMC. "We think Terrain is a bold statement of GMC's key role within the reinvented General Motors."

The base SLE1 model comes standard with GM's new 2.4L direct-injection engine and six-speed automatic transmission that delivers EPA-estimated highway fuel economy of 32 miles per gallon while offering a unique MultiFlex rear seat configuration that can optimized for either class-leading passenger legroom or nearly 64 cubic feet of cargo space behind the front seats. The base price also includes unexpected standard features, such as an integrated rear-view camera system and six-speaker AM/FM/CD audio system with USB connectivity and XM satellite radio service, along with a full suite of safety equipment, including six airbags, StabiliTrak vehicle stability control, and OnStar.

The top-of-the-line SLT2 trim level, which features leather seating, a premium Pioneer sound system, a power liftgate, sunroof and a special chrome appearance package, starts at $29,995 (including DFC). The Terrain also offers a powerful 3.0L direct injection V6 engine and a host of optional features like integrated navigation system and a rear-seat DVD infotainment system.

Monday, June 1, 2009

Officially, Official: GM files for Chapter 11 bankruptcy

GM files for Chapter 11 bankruptcy

The die is cast: General Motors has filed for bankruptcy. As expected, the automotive giant filed for Chapter 11 bankruptcy protection this morning in a New York court, listing $82 billion in assets and $172 billion in debts.

As we told you earlier, the century-old company will gain extensive assistance from the U.S. government, the former chipping in $30 billion in financing (GM has already received over $19 billion), that latter of which is expected to work extensively with the automaker as it goes through bankruptcy proceedings that will see the company's assets split into "Good GM" and "Bad GM," the latter of which will be liquidated.

According to the Detroit Free Press, the Obama administration has said that it will manage its holdings in GM (the government gets a 60% stake) in a "hands-off" non-interference fashion, with no White House employees serving on the board or being employed by the automaker. However, Capitol Hill will get the chance to influence company proceedings, as it will vote on core issues of governance that include "selecting the company's board of directors and major corporate transactions." While that may not equate to day-to-day management decisions, the government will certainly have the ability to influence company plans through appointments and such decision-making processes.

You can read more about the filing and the ramifications at the link below.

[Source: Detroit Free Press]

GM to announce tentative sale of Hummer tomorrow

GM to announce tentative sale of Hummer tomorrow

According to a report by the Wall Street Journal, General Motors plans to announce a tentative sale of the Hummer brand less than a day after filing for Chapter 11 bankruptcy protection. Although GM won't release the name of Hummer's (possible) future owner(s) on Tuesday, the WSJ's sources say that a deal could be struck by the end of the third quarter and the H2 and H3 will continue to be produced at GM's plants in Indiana and Louisiana.

It's been widely accepted that if GM couldn't offload Hummer this month, it would be killed during the bankruptcy proceedings, and the General has been entertaining bids from a interest parties, including a Chinese firm, for somewhere in the sub-$500 million range since late last year. When the announcement is made tomorrow, expect GM to be hyping the sale as part of its turnaround efforts and that the SUV purveyor's new parent will continue to work on expanding the Hummer line, including the production of future alternative-fuel models.

[Source: Wall Street Journal]

Sunday, May 31, 2009

GM to declare bankruptcy before markets open, chief restructuring officer named

F1 Live Streaming


General Motors' bankruptcy endgame appears to be at hand, with word coming out that the automaker will indeed file for Chapter 11 protection early on Monday morning, which in turn is expected to trigger $30.1 billion in U.S. government loans. That funding will arrive on the heels of the $19.4 billion GM has already received since late last year, and Canada is expected to chip in an additional $9.5 billion. In exchange for that $30.1 billion in financing, Capitol Hill will receive a 60% share of GM, while Canada's investment will reportedly net it a 12% stake.

In related news, Automotive News is reporting that GM will appoint Al Koch to a newly created chief restructuring officer post. Koch, a corporate turnaround expert, has already been working with GM since January through his advisory firm, AlixPartners LLP. According to AN, Koch will oversee "bad" GM – that is, the liquidation of assets deemed to be dead weight in the drive to a leaner, more competitive GM (think: Hummer, Saturn, Saab, etc.). Recently minted GM CEO, Fritz Henderson, will continue to lead the corporation and, of course, all warranties will continue to be honored.

As part of the Chapter 11 bankruptcy proceedings, GM will see its stock-trading ticker removed from the Dow and S&P 500 on Monday, with those who have still been stubbornly holding on to stocks effectively losing everything.

President Obama will address the nation on GM's historic bankruptcy beginning at 11:55 a.m. EDT, with Fritz Henderson slated to address media members at around 12:15 p.m. in New York.

[Source: Automotive News]

Sunday, April 5, 2009

2010 GMC Terrain prepares to polarize

2010 GMC Terrain

While GMC's new-for-2010 Terrain crossover may be all but identical to Chevrolet's Equinox, one look at this bluff-faced polarizing design will tell you that badge-engineering wasn't part of the program at General Motors. Yes, both vehicles share the same platform, the same engine choices and even the same suspension calibrations, but the in-your-face look here is likely to inspire love-it-or-hate-it reactions. We'll let you decide on which side of the fence you sit, with one caveat: It is often the case that certain cars look better in the metal than on screen or in photographs. We were invited to GM's Design Dome for a media backgrounder, and after being in-and-around the vehicle, we profess that we can't make the same case.

Controversial aesthetics aside, the 2010 Terrain looks to have the goods, including a new 2.4-liter four-cylinder engine on the base model that delivers 182 horsepower and 174 pound-feet of torque. Like its Chevy stablemate, this model is tipped to deliver 30 miles-per-gallon on the highway, a very handsome figure for this class. Interestingly, the four-banger features noise-canceling technology to mute undesirable sound characteristics and a driver-selectable Eco button that remaps the throttle responses, shift patterns and torque converter lockup speed to improve fuel economy.

The more powerful engine choice is a 3.0-liter direct-injection V6 engine that develops a healthy 264 horsepower and 222 pound-feet of torque. GM says six-cylinder buyers can expect to achieve 18-mpg city and 25 on the highway. Interestingly, the noise-canceling circuitry is only included on the Terrains equipped with the 2.4-liter. Models are available in front- or all-wheel drive trim, and a six-speed automatic is the transmission no matter what engine (or how many driven wheels) you choose.

This model is effectively a Pontiac Torrent replacement (that model is going away as GM figures out what to do with its affordable performance brand), albeit one made for GMC's truck-oriented audience. As such, it has a much more masculine exterior, with its triple-element grille, U-pattern hood, massive squared-off fenders, and a markedly different greenhouse. To our eyes, the Terrain's front-end looks almost out-of-scale with its footprint, or perhaps rather like some of the fuel-cell or hybrid conversions we've seen, in part because the front is so bluff and the lower blacked-out air dam rides rather close to terra firma for aerodynamic reasons. The rear-end is decidedly less controversial and nearly minivan-like, with Toyota Sienna-like taillamp clusters and paint-by-numbers "ruggedizing" cues.

The interior is leaps and bounds ahead of the outgoing Equinox/Torrent pairing, with tons of available options including a dual-screen rear entertainment, Bluetooth, a rear-backup camera, and a power liftgate that adjusts for low garage clearances. In general, the dashboard is nicely laid out (though that center stack looks a bit button-happy) and we found plenty of room up front to get comfortable while still leaving enough space for kids and adults sitting behind us. Nice features include a sliding rear seat which allows one to prioritize seat comfort or cargo room as needs dictate, and a center console big enough to swallow a laptop computer. One area of obvious cost-cutting on the model we were shown was that the nice contrasting red door panel stitching up front is not repeated for rear-seat passengers, although it is present on all seats.

GMC, as you will recall, only recently made its first foray into the crossover market with its Lambda-platform Acadia three-row CUV, and this new model figures to be the division's entry level model when it debuts in dealers in late Summer. GM has yet to announce pricing, but we expect it to be priced nominally higher than its Chevrolet counterpart to reflect its slightly elevated equipment levels and GMC's spot in the company hierarchy.

Friday, February 13, 2009

New AUTOBOTS on display

Transformers cars from GM

In addition to the Corvette Centennial Concept, Chevrolet showed three more AUTOBOTS at the Chicago Auto Show that will make their big screen debuts in the upcoming Transformers: Revenge of the Fallen live action flick, along with one that we're all very familiar with. While we've seen images of the Chevy Volt on the Transformers set, this is the first time that GM has displayed the vehicle for public consumption. This is no show car, as the vehicle on display showed significant wear and tear from its day job. In robot form, the Volt will be known as Jolt, which makes us hope for some shocking footage this summer.

The other two vehicles were the Chevy Beat, which will be called the Spark when it enters production soon, and the Chevy Trax. These two vehicles will be known as Skids and Mudflap respectively, and we're hearing these two 'bots could provide a bit of comic relief to what will otherwise be a sobering storyline. Lastly, we have the yellow and black Camaro, aka Bumblebee, which was represented in both car form and in 17-foot-tall robot form.

Tuesday, February 10, 2009

GM confirms 10,000 more salaried employees to go this year, plus pay cuts

GM confirms 10,000 more salaried employees to go this year, plus pay cuts

The pain just keeps on coming for workers at General Motors. The company confirmed this morning that it will eliminate 10,000 salaried positions around the world before the end of this year. That will take GM's global white collar staff from 73,000 down to 63,000. Of the 10,000 heads to be cut, 3,400 will be in the United States where the company currently has 29,500 white collar staff. Those jobs will be eliminated by the end of April through another program of buyouts.

Those that remain in their jobs after May 1 will be taking home less in pay every week. From May 1 through the end of the year, those in executive positions will see a 10% cut in base pay. Those at lower pay grades will see salary cuts of 3-7%. Whether the cuts remain in place into 2010 will depend on the state of the business at the end of this year. In this economy, a job with 5% less pay is probably better than no job at all, but it still sucks.

[Source: General Motors]

PRESS RELEASE

GM to Reduce Salaried Employment Levels

DETROIT -- GM is notifying its employees that it will reduce salaried employment globally from a current level of 73,000 to approximately 63,000. These reductions are expected to take place in 2009.

These difficult actions are necessitated by a severe drop in vehicle sales worldwide and by the need to restructure GM for long-term viability. GM outlined the need for the reductions in its restructuring plan submitted to Congress on December 2, 2008. The announcement this week begins implementation of this aspect of the plan.

Salaried employment reductions will vary by global region, depending on the staffing levels in the region and market conditions. Details of the reductions and separation programs will be shared directly by regional leadership with the affected employees.

In the United States, approximately 3,400 of GM's 29,500 salaried employees will be impacted. These reductions will be made using GM separation programs and policies, which provide for severance payments, benefit contributions and outplacement assistance. The majority of the reductions are expected to take place by May 1, 2009.

GM also announced a temporary pay reduction for a majority of U.S. salaried employees. This begins May 1, and will be effective through the end of the year, when it will be reviewed. In the U.S., executive employees will have their base pay reduced by 10 percent, and many other salaried employees will see reductions of 3 to 7 percent.

Other countries are currently reviewing compensation and benefits for salaried employees.

Thursday, December 11, 2008

Repercussions of failed automaker bailout spreading quickly

Repercussions of failed automaker bailout spreading quickly

Late Thursday evening, the U.S. automaker bailout bill failed to pass through the Senate. The legislation is dead and there are no plans for another bill to go through the process until the end of the year. To quote Senate Majority Leader Harry Reid, this will be "a very, very bad Christmas" for many Americans.

Over the past day, Senators have tried to resolve the House-approved bill so it could pass Senate Republican muster, but reports suggest that the UAW was unwilling to accept GOP demands that workers agree to parity in pay and benefits.

News of the failed bill has already spread to markets across the Pacific, with the Nikkei index nose-diving over 6%. Things on this side of the world are bound to be worse when trading on the New York Stock Exchange begins tomorrow.

According to reports, General Motors has got bankruptcy and restructuring advisors on speed-dial in preparation for the bad news and Chrysler has already retained CH11 counsel.

Countless economists and industry analysts are warning that if any one of the Detroit 3 goes under, it will spell disaster for an economy already suffering in a recession. Video of the vote is embedded after the jump. More to follow tomorrow.

[Sources: Reuters, Detroit News, Automotive News - Sub. Req.]

Related Posts Plugin for WordPress, Blogger...