One of GM's most promising future models -some say maybe even more promising than the all-electric Volt, the new Chevrolet Cruze could be delayed until 2011, nearly a year after its original U.S. market launch date, according to a report from Businessweek citing sources within the company. Likewise, the next next-generation Chevy Malibu may also be delayed by six months, into 2013, the report said. While GM spokesperson Dee Allen would not confirm any specific product delays, he told the magazine that "the company will continue to review the portfolio and concentrate on what's most important," adding that that some new-car programs "are going to shift around a bit." -Continued And the reason behind these delays at such a crucial time when GM needs to inject its portfolio with cars that people actually want to buy like the Cruze? What other than to save cash as the General is getting ready for an even more thornier year in 2009.
Yes, you heard right: 2009 is expected to be worse than 2008 which will see around 14 million vehicles being sold in the States compared to 16.2 million in 2007. According to Massachusetts research firm IHS Global Insight, vehicles sales in the U.S. are expected to drop further in 2009 to around 13.4 million units - not exactly the business environment everyone was hopping for.
"GM doesn't have a choice," told Businessweek IHS Global Insight analyst John Wolkonowicz. "They have to do whatever it takes to get through until the car market recovers. That won't happen until 2010."
Hopefully for all us, GM will manage to make it through to 2010 - with or without Chrysler LLC under its protective arms...
Via: Businessweek
Related Stories:
4 Comments:
Will there be a GM left to sell it? 2011 seems like an eternity when GM's talking about just trying to make it through the end of the year.
Yeah! go ahead with "large volume selling cars" like the Camaro or the G8... This is exactly what consumers ask for, don't they?
Too bad GM can't read the market.
i think they will be bankrupt soon. they are loosing so much money, no one wants to buy hummer brand. and with Chrysler in more trouble than GM, i think the merger will worse the impact.
Be careful GM Buyers, buy a decent Japanese brand which are in much better financial condition
Wake up,GM! "Right task for right time",that's the very rule for survive.
Hitting the metal while hot,so GM's trigger for survival can be realized. Survive or die,GM is on the verge of cripping point. Matters are crucial,so they have to replace their pieces of junks;the Chevrolet Impala,Monte-Carlo,Buick Lucerne and Cadillac DTS for new generation ones.
These large Buicks and Cadillacs must be based on Sigma platform,rear drive,to kill awkward balance of chassis and acquire mechanical precision. Frankly speaking,this company's W-platform and G-platform are all jelly-built,so they went bankrupt! Don't forget such traumatic experiences forever,our respecting GM!
Post a Comment