This Week's AutoObserver Reader Favorites: GM Plans; Award Finalists; VW-Suzuki
December 18, 2009
Not surprisingly, this week's favorite post by AutoObserver readers was our coverage of General Motors Chairman and Interim CEO Ed Whitacre's outline for the automaker's short-term game plan.
The former AT&T CEO held his first media roundtable since adding the CEO title two weeks after the ouster of Fritz Henderson.
At the press briefing, Whitacre said GM's priorities are paying back $6.7 billion in government loans by June and selling more cars and generating more revenue. He also called GM's sale of Saab to Dutch sports car maker Spyker is "possible" by year-end, but, if not, Saab would be eliminated.
The No. 2 best-read post by readers of AutoObserver was Wednesday's announcement of the half-dozen finalists for the North American Car and Truck of the Year awards. Finalists for car honors are: Buick LaCrosse, Ford Fusion Hybrid; and Volkswagen Golf. Finalists for the truck award are: Chevrolet Equinox, Ford Transit Connect; and Subaru Outback, Chevrolet Equinox and Ford Transit Connect. Winners will be announced at the Detroit auto show Jan. 11, 2010.
AutoObserver readers are catching up with the significance of the news reported just over a week ago that Volkswagen would buy a 20-percent stake in Japan's Suzuki. Speculation swirls that VW may buy all of Suzuki, which does poorly sales-wise in the U.S. but owns half the market in booming India, thanks to its expertise in minicars.
Posted by Michelle Krebs at 5:07 AM under Analysis , Business , Companies , Ford , GM , News , Personalities | Comments (0) | digg this | Seed Newsvine


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