2010 Chevy Camaro Starts at $22,995...Camaro SS Starts at $30,995

GM has announced the pricing for the 2010 Chevy Camaro that will be in dealerships next spring.

The 2010 Camaro LS starts at $22,995 and the V8-powered Camaro SS starts at $30,995.

The 2010 Camaro will come in three versions, the V6-powered LS and LT models and the V8-powered SS. The V6 Camaros feature a 300 horsepower 3.6L engine. The V8 SS is powered by a 6.2L V8 when it is mated to the six-speed manual it puts out 422 horsepower. The automatic equipped SS puts out 400 horsepower.

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GM Closing Wisconsin SUV Plant Early...By the End of the Year

GM has announced that it's going to close its Janesville, Wisconsin SUV plant by the end of the year due to poor SUV sales.

The plant currently produces the GMC Yukon and Chevy Suburban. GM originally planned on closing down the plant sometime in 2010, but the scary automotive market has sped up the process. The plant employs 1,200 workers and will close right before Christmas on December 23rd.

Earlier this month GM also announced plans to close another SUV plant in Moraine, Ohio that currently produces the Chevy Trailblazer, GMC Envoy and Saab 9-7X.

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eBay Motors Ride of the Day: 2004 Custom GMC Yukon Denali

Bragging features on our eBay Motors Ride/Attention Whore of the Day include:

• Custom Ferrari-red paint
• Color-coordinated 18″ Assanti rims
• Front suicide doors
• Rear gullwing doors
• Aftermarket train horn mounted behind front grill
• Suede Interior headliner
• Snakeskin seat inserts
• In-dash TV/DVD/NAV system
• 4 headrest-mounted TV screens
• 50″ rear cylinder-mounted LCD TV screen

A train horn and fifty-inch LCD screen? Really?  Really.
We are speechless.

To View Gallery, Click “Read More”

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2010 Chevy Camaro Sales Guide Leaked...Here's More Info on the New Camaro!

Ok...so its been what about a week or two since we've had any new Camaro news. Well it looks like one dealer has already received the salesperson reference guide for the 2010 Camaro and of course here it is on the internet.

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Opel Insignia Headed to the US as the Next Saturn Aura, but with a Different Body

Bob Lutz has confirmed that the all-new Opel Insignia is definitely coming to the US as the next Saturn Aura, but the Aura will have not share the Insignia's body.

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Report: GM, Chrysler Consider Bankruptcy For Federal Bailout Loan [Carpocalypse Now]

The CEOs of the not-so-Big Three made it to DC for committee hearings beginning today at 10:00 AM. According to Bloomberg's sources, GM and Chrysler execs are considering a pre-arranged bankruptcy (which we've already said is a good thing) as a last-resort of getting a multibillion-dollar government loan.

This flies directly in the face of GM CEO Rick Wagoner's past comments that a bankruptcy would mean liquidation because customers would refuse to buy cars from a company that might not be able to back warranties or supply parts. Our sources, whether from inside the General or from the outside, have given us similar arguments in the past.

That hasn't stopped staff for three members of Congress, who've asked restructuring experts if a pre-arranged bankruptcy — negotiated with workers, creditors and lenders — could be used to reorganize the industry without liquidation.

But it's not just the congressional committees at work here. According to another source, a representative of Obama’s team contacted at least one bankruptcy-law firm to say Daniel Tarullo, a professor at Georgetown University’s law school who heads Obama’s economic policy working group, would call to discuss the workings of a so-called prepack, according to this person.

But don't expect anything on this to come out of this week's hearings as we're also told

"Negotiations are splintered among small groups, making it unlikely a proposed solution such as bankruptcy would emerge until next week at the earliest..."

We'll obviously continue to be all over this story like a fat kid on cake. Stay tuned throughout the day to our "Carpocalypse Now" tag today as we bring you the latest news from D.C.

[Bloomberg]

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GM doubles incentives for trucks and SUVs

In effort to move large trucks and SUVs out of the dealers, GM has doubled cash incentives that will reach as high has $6,000 on some models. The automakers said that it will give as much as $4,000...

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GM closes four trucks and SUV plants, may drop HUMMER brand

GM is closing four of its truck and SUV plants in the U.S., Canada and Mexico as fuel-prices are showing no signs of coming down. CEO Rick Wagoner said today at GM’s annual meeting in Delaware...

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Bob Lutz would fall on sword for Wagoner

Filed under: Hirings/Firings/Layoffs, GM

Bob Lutz has been eerily silent of late. One would expect the Vice Chairman of General Motors might have something to say about the recent trips taken by GM, Ford and Chrysler to Congress, but he left the talking to his boss, CEO Rick Wagoner. When it comes to members of Congress suggesting Wagoner step down as CEO, though, Lutz could stay silent no longer. In fact, Blogger Bob even went so far as to offer up his own head for the gallows in order to keep Wagoner in charge. Lutz told the Detroit Free Press that he should go if someone has to resign, and he pointed out his controversial remarks regarding global warming as a reason to pick him instead. Lutz went on to praise his boss for transforming GM into a global automaker and streamlining the company's processes.

It should be pointed out that the current legislation on the table for $15-17 billion in federal loans doesn't include a requirement that any of the Detroit 3 CEOs resign. Senator Chris Dodd (D-Connecticut) did, however, mention in a TV interview that he thought Wagoner should "move on".

[Source: Detroit Free Press]

Bob Lutz would fall on sword for Wagoner originally appeared on Autoblog on Tue, 09 Dec 2008 09:57:00 EST. Please see our terms for use of feeds.

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Save GM! [Save GM]

Yes friends, get your officially unofficial "SAVE GM" t-shirt before your bank shutters its doors and your credit cards are maxed out! Show your 'merican pride on your chest with these 100% cotton t-shirts. They're also 100% not-made-in-the-US, just like your cars will be if the feds don't step in to bail out the General. Remember, if we're not willing to "SAVE GM" — who will? Act now before GM's lawyers tell to us to pull 'em down. [Unofficial Jalopnik Cafepress Store]

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Ford/GM post 2nd Quarter Profits, yet both restructurings have a long way to go

As quarterly reports began to emerge at the end of the second quarter we see that both Ford and GM posted positive numbers. For GM it was their third profitable quarter in a row, while Fords second quarter profits came as a mildly pleasing surprise to market anaylists.

Both Ford and GM are still deep in their individual restructuring schedules that have resulted in numerous plant closings and early retirements. The process is expected to take time as shedding the gluttony of decades past is a messy business, and the recovery from such system shocks requires patience.
GM’s profits ($891 million for the 2nd quarter) are credited to their strength in foreign markets and their cut-back in fleet sales and less incentive spending, which have helped to retain a higher sales value. The improved sales value of their cars is helping to off-set the lower sales figures of their truck/SUV division; the bread and butter of profits in the 1990’s and earlier this decade.
Fords profit shocker ($750 million for the 2nd quarter) has a lot to do with the sale of Austin Martin and was aided by a cut-back similar to GM’s in fleet sales. While no one with Ford is under the impression that they are out of the water, it does give some credence to the path they have taken.

The next hurdle ahead of Ford and GM is the contract negotiations that are underway with the United Auto Workers Union (UAW). If Detroit is to compete with the Asian and European auto manufacturers they will need the UAW to come down to an equitable level. And if the UAW wants to continue working in the automotive industry some concessions will be necessary.

Ford and GM are reshaping the way America builds cars, but it is still to early to prognosticate what that shape will be.

Source[DetroitNews - Ford - GM]

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2009 Cadillac CTS-V to produce a total of 567-hp

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