Chevy SS Production Ends
In some sad news, General Motors has just disbanded its High Performance Vehicle Operations, putting all high-performance projects on an indefinite hold. This means no more new “SS” Chevy’s, V8 Colorado’s and even V-series Cadillacs.
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Cchevy Cruze with Its Engine
The bad news just keeps coming down the pipe for General Motors and Flint, Michigan. It has been reported that construction contracts for the new $370 million engine plant that was going up in Flint have been canceled. In fact, GM actually stopped work on the project in early December. The plant was to produce the new 1.4-liter 4 cylinder engine for the 2011 Chevy Cruze and Volt. GM spokeswoman Sharon Basel has said to reporters that they always had the intention for the engines of the early production runs of the Cruze and Volt to be supplied from a European facility that already builds variants of GM’s so-called “Family 0″ powertrains. The Flint plant would not have been ready for start of production of Cruze next spring.
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The WSJ reports today that Cerberus and GM are moving full-steam-ahead in their efforts to get a GM-Chrysler deal done by the end of October. What’s even more interesting though is news that Renault may have their hand in the cookie jar too, negotiating for one or more parts of Chrysler and leading to speculation the Auburn Hills, MI-based automaker could be divvied up among several companies: Basically the worst-case scenario envisioned when Cerberus Capital Management took over in 2007.
On top of that, David Faber of CNBC had a chance to sit down with ChryslerCo CEO, Bob “The Builder” Nardelli; while we haven’t had a chance to run through it in its entirety, hit the jump for the a full transcript of the CNBC interview with Nardelli.
So what’s Nardelli got to say about life, liberty and the pursuit of less losses for Cerberus? Here’s the full transcript of his exclusive interview with CNBC’s David Faber:
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Ford managed to be nice and save money by wishing GM a happy 100th birthday not by cake and card, but by spelling it out in lights on the side of their world headquarters in Dearborn, MI. Whether the act was that of penny-pinching or creativity, one thing’s for sure — it was a well done. We managed to get the memo sent around reminding Ford’s world headquarters staff to keep their blinds open below the jump.
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