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News Watch |
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!Success! |
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Buick |
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Competition |
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Corporate Scandals |
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Directors in the News |
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General Watch Commentary |
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GM Auditors |
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GM Past |
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GM Present |
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Ineptitude |
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Oldsmobile |
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Dead at 106: Oldsmobile
The last car from America's oldest car company rolls off the line Thursday in Lansing, Mich.
April 29, 2004: 11:08 AM EDT
By Peter Valdes-Dapena, CNN/Money staff writer
Olds says it was the first company to mass-produce cars -- not Ford -- and that it pioneered the use of chrome and automatic transmissions in American cars.
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GENERAL MOTORS IS CLOSING THE OLDSMOBILE DIVISION!!!
Reuters
DETROIT (Dec. 12) - In another sign of trouble among Detroit automakers, General Motors Corp. Tuesday said it would phase out Oldsmobile, America's oldest automotive brand, cut nearly 4 percent of its worldwide work force and warned that it would miss profit forecasts.
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Olds: A Death in the Dealer's Family
March 1, 2001: by Nat Shulman
"It appears the GM top brass made several less-than-brilliant major moves, and it appears this one may rank among the most heartless and stupid to date." Read more...
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Only the Strong Survive
May 6, 2004: WardsAuto.com
"A series of bad decisions over the years ruined Olds"...In the 1980s, the brand tallied more than 1 million in annual sales for four straight years. It was selling a third of that in 2000, when GM said that's it.
CLICK Link to read more...
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Plant Closings and Asset Sales |
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