Brand new 1988 Pontiac Fiero GT on sale, just $35k!

Filed under: Car Buying, Coupes, Etc., Pontiac

Click above for a gallery of the 1988 Pontiac Fiero GT that time forgot

So you're a Pontiac diehard, but you don't need the space of the G8 GT GXP and the Solstice GXP is just a bit too "me too." So what's a Big Chief enthusiast to do? Well, if you've got $35,000 kicking around in your automotive slush fund, how about a brand-new, never-titled 1988 Pontiac Fiero GT? The mid-engined, V6 Fiero that General Motors should have been building the whole time, but only got around to developing just before they sent they took the plastic-bodied model out back? Yes, that GT.

Evidently thinking ahead, some enterprising chap found a fire-engine red example and promptly mothballed it. Quite likely the only "brand new" Fiero on the planet (GT or otherwise), this time warp rear-driver has just 221 miles on it, and is still on MSO. Heck, we're willing to bet that the cassette player has never even seen a copy of White Snake's Greatest Hits!

If you're interested, the optimistically-priced but irreplacable Fiero can be found at Hinton Chevrolet-Buick in Lynden, Washington. Thanks for the tip, Farris!

Gallery: Timewarp 1988 Pontiac Fiero GT

[Source: Autotrader]

Brand new 1988 Pontiac Fiero GT on sale, just $35k! originally appeared on Autoblog on Mon, 05 Jan 2009 16:28:00 EST. Please see our terms for use of feeds.

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GM cutting production by 250,000 vehicles in Q1

Filed under: Plants/Manufacturing, GM

General Motors has just announced it will cut vehicle production in the first quarter of 2009 by 250,000 units. The slowdown in production will reportedly affect some 21 factories in the U.S., Canada and Mexico, which may see their traditional shut-down period over the holidays extended through the end of January, and in some cases into February. This means that most GM factories in North America will sit idle for nearly a third of Q1 2009. GM has not specified which plants will be affected and how, but some workers were already notified this morning of the extended shut down period. We expect a press release from the General later today with more specifics, so stay tuned.

UPDATE: Follow the jump for official press release from GM detailing exactly which plants in the U.S., Canada and Mexico will be affected.

[Source: The Detroit Free Press, Photo by Bill Pugliano/Getty]

Continue reading GM cutting production by 250,000 vehicles in Q1

GM cutting production by 250,000 vehicles in Q1 originally appeared on Autoblog on Fri, 12 Dec 2008 12:55:00 EST. Please see our terms for use of feeds.

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Mainstream Media Finds Major 'Merican Automaker On YouTube [Save GM]

The internet reporter for CNN's "The Situation Room" used her fancy touchscreen computer to highlight how GM has transformed its YouTube channel page from a place where it brags, into a place where, increasingly, it begs. Last year around this time there was video of people doing slam poetry about the Pontiac Vibe GT, but now, as we showed you earlier, it's all videos of guys in suits trying to explain why they deserve money from the government. We're not sure what's more depressing: the new Save GM videos or the fact it took the novelty of their use of YouTube to get CNN to finally show them. We're just waiting for video of a crying, sheet-covered Rick Wagoner screaming "Leave Detroit Alone!" into the camera. [CNN]

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Asset Sale of General Motors gets a go from Bankruptcy Court

Last weekend, a bankruptcy court judge gives a nod for the sale of assets for the most valuable assets of GM to end bankruptcy protection from the ownership of the government. This means that the car manufacturer is a step closer from getting out of bankruptcy.

Robert Gerber, the judge who ruled on the case, described it as a necessary step to prevent the death of a critically ill patient. The court has given a stay of four days which permits a close as early as July 10.

The sale will transfer in essence all of the properties of General Motors to the NGMCO Inc. which was established by the Department of Treasury. NGMCO will be known as General Motors Company once the sale is completed and will operate through the corporate GM and all of its sub brands.

Fritz Henderson will be the CEO of the newly established GM. The cost of operations will also be competitive in terms of its structure with standing agreements with the UAW and CAW, organizations of Auto Workers in United States and Canada, respectively.

The new status of GM will allow it to operate and gain profits at lower volume of productions. GM attributes this foresight to the cleaner debt sheet and better balance sheet post bankruptcy.

Daewoo, Holder, and other subsidiaries of GM outside the of U.S. will be acquired by the new GM but continue to operate without any interruption.

The Department of Treasury will be owning about 60.8% of the new company while 17.5% goes to UAW, and 11.7% to the Ontario government and CAW. Bond holders of the old GM will be getting 10% of the stake.

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