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Good news for General Motors
Good news for GM this week: The Detroit Free Press reports that GM will build a new, smaller Cadillac, the ATS, at its Lansing Grand River plant. The ATS will be smaller and priced lower than the CTS (pictured above). No word yet on when production of the ATS will begin.
Source: The Detroit Free Press (http://www.freep.com/article/20101027/BUSINESS01/101027034/1210/business01/GM-Lansing-plant-will-build-new-Cadillac) 10/27/10
More good GM news--and good news for Ford, too: Consumer Reports is reporting that the reliability of GM's cars is improving--a must if it wants its recovery to continue. Recently launched vehicles, such as the Cadillac SRX, Chevrolet Camaro and Equinox, and the Buick LaCrosse V6 (FWD) have proven to be reliable from the start--something not very common to GM in recent decades. Some older GM models, like the Corvette, for example, have even improved with their reliability. GM can still do a lot better, though, as it still trails far behind the leading Asian brands (Toyota and Honda, for example) in reliability. If GM can keep improving, it just may get back on top one day...
Meanwhile, Ford continues to shine. Consumer Reports also notes that 90% of all Ford models (including Lincoln) are at least rated as having at least average reliability. Furthermore, Fords are now more reliable than Mazdas and Nissans, and just lags behind the legendary Toyota luxury brand, Lexus--quite an impressive feat. Ford has already had good news earlier in the week of record third-quarter profits of a whopping $1.7 billion dollars, so executives in Dearborn must be jumping for joy!
Source: Consumer Reports (http://blogs.consumerreports.org/cars/2010/10/consumer-reports-2010-annual-car-reliability-survey-gm-makes-big-strides-while-honda-toyota-dominate-pr.html?CMP=OTC-NEWS2) 10/26/10
P. Scott
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