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Hint of Hyundai at GM (7/10/12)

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  1. Chris Perry1:04
  2. General Motors3:37, 3:52
  3. New York Times4:16
  4. GM0:40, 1:01, 1:28
  5. Troubled Asset Relief Program3:07
  6. task force2:25, 3:12, 3:22
  7. free pricing1:33
  8. collective investment3:39
  9. union agreements2:49

Tue, 10 Jul 2012|

Latest promo gives GM a hint of Hyundai | Delphi pension dispute | Ford Escape safety petition


Automatically Generated Transcript (may not be 100% accurate)

If you're not happy and leadership team. -- -- Brimming with confidence. -- Chevrolet some new promotion could mean for the brand by year's end dealer. That. Thanks for stopping by on this Tuesday. Chevy confidence is the name of the program unveiled today. For starters it allows consumers to return any new one in twelve or one in thirteen bottle your shabby. For a full refund within sixty days if they don't like the vehicle. GM offered a similar sixty day money back guarantee following its 2009 bankruptcy. True cart dot com analyst Jesse -- Kraft says. The promotion is an attempt to quote improve the image of the brand and a long term basis. The return program is similar to ones designed by GM marketing executives -- Jolie Monica and Chris Perry when they worked at Hyundai. And then there is the -- Dicker sticker part of the promotion. That's price tag that's our price of its price Chevy calls its total confidence pricing. One price. -- all remaining 2012 chevys. Chopra says the public will essentially paid the same price GM offers to employees of its suppliers. You were called haggle free pricing was the heart and soul of GM's now defunct Saturn brand. As for stores shutting noting that confidence program comes -- many dealerships have upgraded their show -- But some of our readers aren't quite sure how the promotion will help the store's bottom line. At forty writes quote. I get -- is so confident in their product. That they will let their dealers make little to no profit for two months and take that hit on the use car went in if the customer returns it. The promotions begin today and runs through September 4. Should be sales are up 6% this year in a market that is up 15%. Ex US cars are Ron bloom into other former members of the president's auto task force. Were called before congressional panel today. The topic and ongoing dispute over pensions for salaried workers at partsmaker Delphi. So here's the basic issue. During its US led bailout GM help preserve the pensions of hourly workers in its former parts unit. Honoring union agreements from 1999. But the government took over pensions for more than 20000 salaried Delphi retirees. Living some with just a fraction of the amount owed that. First testifying. Christie Romero special inspector general for the treasury department's Troubled Asset Relief Program or TARP. She says the three auto task force members had refused to be interviewed by her office. We are conducting an audit review of Treasury's role in that decision and whether the auto task force pressure GM to provide additional funding for those pensions. Task force members. Defended GM's decision. The -- team agreed that honoring the top up agreement was a prudent business decision. And we believe that doing so would protect both General Motors and the American taxpayers collective investment in the company. Another former task force member. -- GM acted to prop up a key supplier which was also in bankruptcy. So -- for the liquidation would have shut down all General Motors. And will land on a quick safe keynote. The center for auto safety has asked federal regulators. To investigate 200222004. Model year Ford escapes. It's is an unrelated recall repair could make some of the suvs more susceptible. To unintended acceleration. That report coming from the New York Times. Thanks so much for watching everyone and there's all we hope to see you right back here. Tomorrow.

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    Eight polling that Tug of war what heavy duty YouTube has poured threatening to life. You're watching auto news now. Good to see you on this Monday. I'm Tom back for Ford and Chrysler the stakes couldn't be higher. According to true cart dot com heavy duty pickups represent 23%. Of all pick up sales in the US. In one of the main reasons to buy a big truck. Towing capability. a battle is raging between Ford and Chrysler's ram Brad. Over who can claim best in class Ford is threatening legal action if keeps claiming its pickups have besting class We're talking so called fifth wheel or goose neck trailer is connected in the pick up that. So here's the issue. Ford says 2015. F 454. By four crew cab can 31200. House. That's about 12100 pounds more than the highest capacity 3500. Which is rated at 30000. Pounds. But rim says the trucks are not even in the same class. It's is the F 450 is a class four pick up in fact the only class four pick up on the market. says the 3500. Actually competes against the F 350. In GM's 3500. Heavy duties. Reporter Larry tells us Ford does something no other automaker does when setting its maximum payload for the F series. It removes items like the radio. The spare tire the Jack. In the center console in order to produced the maximum number for its payload that's a questionable practice because a component truck over. Into another class. Larry says under the system used by other auto makers the F 450 would be considered class war. For more story in today's print and digital editions of Automotive News. Ford is raising prices on the new one in fifteen aluminum body F 150 pick up. Like 340 dollars to 3385. Bucks. The king ranch sees the biggest price increase over the 2014 model. Ford however has upped the standard equipment in all models of the truck for example to information screens are standard. Our Richard true it is also reporting the auto maker is trimming the number of F 150 models from eleven to five. With the new truck arrives this fall popular name plates such as the raptor in limited will be gone. Dealers started ordering the pick ups today. More business may be on the way to service based in GM dealerships. That's because the auto maker is offering buyers of its 2015 models for monthly vehicle diagnostic reports through OnStar. The move also allows customers to sign up to receive maintenance notifications from their stores. Both services will be offered at no charge for five years under a plan named OnStar basic. Previously. They were available only to paying OnStar subscribers. GM says that customers who are emailed me notifications from their dealerships. Come in for two additional service visits a year on average. Compared with customers who don't receive that. Cash for clunkers a phrase that was all the rage five years ago this month. Officially known as the car allowance rebate system clunkers was a lifeline at a desperate time in the US auto industry. US sales in June of 2009 dropped 28%. wasn't so lawful because every other month that your have been worse. But thanks to clunkers which provided consumers as much as 4500 bucks to trade in an old gas guzzler for a more fuel efficient new vehicle. July 2009 sales were off just 12%. In August sales that year were up 1%. In the end nearly 700000. Vehicles were traded in through the two point 85 billion dollar federal program. Have a great day everyone. We'll see you back here tomorrow.