What the new GM must do

According to an article over at National Public Radio, the new GM, fresh out of Chapter 11, has a specific goal to hit:
Lutz says his optimism comes from GM's retail outlook and the industry's lower break-even point of about 10 million vehicle sales per year. Lutz says GM's U.S. market share is between 21 and 23 percent, which means the automaker will need to sell about 2.3 million cars a year in order to break even.
Jul 13, 2009 7:56 AM

Second wind for Spring Hill?

An unofficial GM Web site is reporting today that the Spring Hill plant, which recently lost out on the opportunity to manufacture a new small-sized sedan, could have a future in the SUV game. From GM Inside News:
However, today GMI learned that Spring Hill still has a future beyond being a standby plant. GM is planning to build the next Chevrolet Traverse at Spring Hill, as well as production for the next-generation Cadillac Escalade, which will be built on a variant of the Lambda platform. Also slated for Spring Hill is production of a Chevrolet SUT (Avalanche-like vehicle) based on the Lambda platform. Possibly the biggest news out of the Spring Hill is that GM is now considering it as the assembly site for the next-generation Chevrolet Colorado and GMC Canyon small trucks. Currently the small trucks are assembled at GM's Shreveport, Louisiana plant, which has been rumored to be closing or sold. The new trucks are known internally as the GMT-700's.
Jul 7, 2009 4:06 PM

What we were up against

In Tennessee's losing bid for a new General Motors operation in Spring Hill, a Wisconsin news outlet is reporting that that state was offering up to $200 million in incentives. And even it eventually lost out to a facility in Orion Township north of Detroit.
Janesville's release says the $200 million offer included $38 million worth of incentives from Beloit, Janesville and Rock County. Boutwell says Rock County promised $20 million in incentives. Janesville says it offered $15 million plus savings of up to $1 million a year by offering to operate the plant's wastewater facility. Beloit offered $2 million. GM last month selected a facility in Orion Township north of Detroit to assemble small and compact cars over Janesville and another finalist in Spring Hill, Tenn., near Nashville.
Jul 7, 2009 2:08 PM

State roundup: Private equity firm to buy Brentwood-based auto supplier

Also: Murfreesboro is still growing quickly, Memphis' mayor steps down, a $200M Oak Ridge uranium contract, and more...
Jul 2, 2009 3:10 AM

Nashvillians land some more VW work

The La Vergne operation of Schneider Electric will handle the electrical work on the heating and cooling building at Volkswagen's Chattanooga plant. The firm bid $3.6 million for the job.
Jul 1, 2009 12:45 AM

Rash of layoffs claims more than 400

Latest round of cuts at Gibson Guitar accompanied by layoffs at auto parts firms, distributor and imaging venture
Jun 29, 2009 12:12 PM

State roundup: UTK's impact nears $1B

Also: West Tennessee Healthcare CEO resigns, JT brings his liquor to town, Goodyear cuts back, and more... [From our print edition featured in Monday's City Paper]
Jun 28, 2009 9:41 AM

So much for the overhaul

One thing Spring Hill thought it had going for it was that GM had poured hundreds of millions into the plant in recent years to update its lines.
"It just kinda doesn't seem to make sense... Why not take advantage of it?"
Jun 26, 2009 1:16 AM

A few details on Nissan's electric car

We may see the electric car that Nissan workers in Smyrna will build as soon as early August, says one industry pub. For now, the vehicle (that's a prototype at left) looks like it will be a midsized, five-door hatchback.
Jun 26, 2009 12:56 AM

A word from the winner

The relief about GM's decision Thursday is palpable in Michigan, with public officials and residents taking turns sighing and praising the incentive package that helped sway the auto maker.
Michigan's congressional delegation also lobbied heavily to bring the small car to the state. All 17 members sent a letter to GM last week saying that the state's economic woes made the project important for Michigan. Peters had begun a "Make it in Michigan!" campaign that collected over 28,000 signatures.
SEE ALSO: The dejection and frustration in Wisconsin, where one union rep says, "In my mind, it didn’t matter what we brought to the table. Janesville did all it could do, and the people on the task force really busted their butts trying to get something here, but GM is trying to move everything to Michigan."
Jun 26, 2009 12:47 AM