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Old 08-05-2009, 07:28 PM   #1
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MAYBE Z28 Sooner than later?

Whitacre: General Motors will roll out new models early

Robert Snell / The Detroit News

General Motors Co. will introduce certain vehicles sooner than originally planned to fight market share erosion, the company's new chairman said today. Without being specific, Chairman Ed Whitacre said GM's Board of Directors has moved up some vehicle introductions to counter losses in market share -- a top priority for the former AT&T Inc. chairman and CEO. GM, which emerged from federal bankruptcy court July 10 after shedding debts and receiving $50 billion in federal aid, might reallocate spending plans to stem market share losses. "Our cash position is good," Whitacre said. "We have some flexibility." GM's share of the market declined last month from 20.5 percent to 18.9 percent -- down from more than 50 percent decades ago. Its market share is expected to shrink because GM is selling or phasing out the Saturn, Saab, Hummer and Pontiac brands as part of its restructuring. Whitacre spoke in a wide-ranging interview with reporters a day after the board concluded its first meeting since GM emerged from bankruptcy. He spoke about his relationship with United Auto Workers President Ron Gettelfinger and whether GM's corporate culture needs to change. "The people I've encountered certainly are capable and enthusiastic. I don't know that the culture really needs to be changed," he said. Whitacre said he recently met with Gettelfinger.
"I think relations are going to be quite good going forward. That is certainly my hope," Whitacre said. "We're all in this together."

Whitacre heads a largely revamped 13-member board, more than half of its members newly appointed, including four selected by its majority stakeholder, the U.S. government. The government holds 60.8 percent of GM, while the Canadian government holds 11.7 percent and a United Auto Workers health care trust owns 17.5 percent. Unsecured creditors own 10 percent. The board, which will meet monthly and by phone as needed, drove some of GM's new products at the Milford Proving Grounds on Tuesday. The board unanimously supports President and CEO Fritz Henderson, Whitacre said. "He certainly has our blessings and encouragement," he said. "He has everything he needs to do his job and knows what the board expects of him."

http://www.detnews.com/article/20090...395/1148/rss25
http://www.egmcartech.com/2009/08/05...-than-planned/
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Old 08-05-2009, 07:31 PM   #2
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interesting
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Old 08-05-2009, 07:41 PM   #3
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Cars we’d like to see GM release earlier than planned? Chevrolet Camaro Z28, Chevrolet Camaro Convertible and the Cadillac CTS-V Coupe

This is crap! How in the world are these three cars going to help GM to the point they want. Don't get me wrong guys, I want these cars as much as the next guy, but these are not high volume cars. Gm needs to sell the cars that really rake in the cash, and these three are not it.
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Old 08-05-2009, 07:41 PM   #4
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I would be betting that the new vehicles would be in target markets that do not currently have a car that is outpacing demand. Expect new vehicles to include the Spark or Trax rather than a car that already has more buyers than cars on lots. The Z28 is not a guarantee, but there is the possibility that such a car may exist when GM is in a more stable place or when GM finds that Camaro production is leaving enough models in lots for everyone who immediately wants a car to get one.

If there is a Z28 in the cards, there's plenty of reason to believe that GM will produce it in a future where GM is viable and there are a few Camaros on lots. Now is not an ideal time to produce a Z28.
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Old 08-05-2009, 07:43 PM   #5
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http://www.camaro5.com/forums/showthread.php?t=35632
maybe my speculations are right?
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Old 08-05-2009, 07:45 PM   #6
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Old 08-05-2009, 07:52 PM   #7
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Here is the whole article from the detroit free press.... The mention about the Z/28 is not in here. It was added in by egmcartech.com as what they would want to see released early.

Whitacre: General Motors will roll out new models early

Robert Snell / The Detroit News

General Motors Co. will introduce certain vehicles sooner than originally planned to fight market share erosion, the company's new chairman said today. Without being specific, Chairman Ed Whitacre said GM's Board of Directors has moved up some vehicle introductions to counter losses in market share -- a top priority for the former AT&T Inc. chairman and CEO. GM, which emerged from federal bankruptcy court July 10 after shedding debts and receiving $50 billion in federal aid, might reallocate spending plans to stem market share losses. "Our cash position is good," Whitacre said. "We have some flexibility." GM's share of the market declined last month from 20.5 percent to 18.9 percent -- down from more than 50 percent decades ago. Its market share is expected to shrink because GM is selling or phasing out the Saturn, Saab, Hummer and Pontiac brands as part of its restructuring. Whitacre spoke in a wide-ranging interview with reporters a day after the board concluded its first meeting since GM emerged from bankruptcy. He spoke about his relationship with United Auto Workers President Ron Gettelfinger and whether GM's corporate culture needs to change. "The people I've encountered certainly are capable and enthusiastic. I don't know that the culture really needs to be changed," he said. Whitacre said he recently met with Gettelfinger.
"I think relations are going to be quite good going forward. That is certainly my hope," Whitacre said. "We're all in this together."

Whitacre heads a largely revamped 13-member board, more than half of its members newly appointed, including four selected by its majority stakeholder, the U.S. government. The government holds 60.8 percent of GM, while the Canadian government holds 11.7 percent and a United Auto Workers health care trust owns 17.5 percent. Unsecured creditors own 10 percent. The board, which will meet monthly and by phone as needed, drove some of GM's new products at the Milford Proving Grounds on Tuesday. The board unanimously supports President and CEO Fritz Henderson, Whitacre said. "He certainly has our blessings and encouragement," he said. "He has everything he needs to do his job and knows what the board expects of him."

http://www.detnews.com/article/20090...395/1148/rss25
http://www.egmcartech.com/2009/08/05...-than-planned/
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Old 08-05-2009, 08:00 PM   #8
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I thought of that thread when I opened this one.
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Old 08-05-2009, 08:22 PM   #9
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Originally Posted by camaro_corvette View Post
This is crap! How in the world are these three cars going to help GM to the point they want. Don't get me wrong guys, I want these cars as much as the next guy, but these are not high volume cars. Gm needs to sell the cars that really rake in the cash, and these three are not it.




If you follow the sources in the OP's link you can see that the statement about the Camaro Z28, Camaro Convertible and the CTS-V Coupe was not made by Ed Whitacre it was added in by a third party.... just trying to clear up any confusion.
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Old 08-05-2009, 08:29 PM   #10
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It would make sense. I know exactly what you're thinking.
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Old 08-05-2009, 08:36 PM   #11
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I'd really consider a Z28 if they had it out by next summer, I don't see it happening though.
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Old 08-05-2009, 08:37 PM   #12
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bs they will introduce new models.....really OK... threee crappy suv crossover...

Equinox, Caddy equinox, and GMC equinox

way to give us NEW models.....barf
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Old 08-05-2009, 08:40 PM   #13
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If you follow the sources in the OP's link you can see that the statement about the Camaro Z28, Camaro Convertible and the CTS-V Coupe was not made by Ed Whitacre it was added in by a third party.... just trying to clear up any confusion.
Yeah, I know. I'm bi#*&$g at them not GM. My way of calling them dumb.Of course my opinion doesn't matter though...:(
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Old 08-05-2009, 08:42 PM   #14
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Yeah, I know. I'm bi#*&$g at them not GM. My way of calling them dumb.Of course my opinion doesn't matter though...:(
Got ya CC
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