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Detroit News

GM scraps plans for news conference at upcoming L.A. Auto Show
Robert Snell / The Detroit News

DETROIT --General Motors Corp. has scrapped plans to hold a news conference during next week's Los Angeles Auto Show and to send Vice Chairman Bob Lutz, a cost-cutting move that comes as the automaker faces questions about its financial future.

"The timing's not good for us right now given all the other news," GM spokesman Scott Fosgard said this morning. "You honestly have to ask yourself is the news you're going to make going to break through the clutter. The automotive and business media attention is on what's going on in Congress and I just have my doubts that the typical auto show news is going to be as newsworthy as what they're debating."

GM and other Big Three automakers are pushing Congress for additional federal funding to weather a dismal sales market. Congress has authorized $25 billion in low-cost loans to help the industry produce more fuel-efficient vehicles, but Detroit's automakers are seeking an additional $25 billion in emergency bridge financing and up to $25 billion more to help them fund union-managed trusts to pay for retiree health care.

GM will still have North American premieres of the Saab 9-X Air concept vehicle and Chevrolet Volt electric extended-range vehicle.
The automaker earlier dropped plans to unveil its Buick LaCrosse in L.A. GM will still have vehicles on display during the auto show and is using the same amount of floor space, Fosgard said.

for more CLICK HERE

In Summary: Since the CTS Coupe and next LaCrosse's introduction were delayed due to the cuts in R&D, and their LA introductions cancelled, there wasn't much reason for the news conference.
 

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Detroit News

GM scraps plans for news conference at upcoming L.A. Auto Show
Robert Snell / The Detroit News

DETROIT --General Motors Corp. has scrapped plans to hold a news conference during next week's Los Angeles Auto Show and to send Vice Chairman Bob Lutz, a cost-cutting move that comes as the automaker faces questions about its financial future.

"The timing's not good for us right now given all the other news," GM spokesman Scott Fosgard said this morning. "You honestly have to ask yourself is the news you're going to make going to break through the clutter. The automotive and business media attention is on what's going on in Congress and I just have my doubts that the typical auto show news is going to be as newsworthy as what they're debating."

GM and other Big Three automakers are pushing Congress for additional federal funding to weather a dismal sales market. Congress has authorized $25 billion in low-cost loans to help the industry produce more fuel-efficient vehicles, but Detroit's automakers are seeking an additional $25 billion in emergency bridge financing and up to $25 billion more to help them fund union-managed trusts to pay for retiree health care.

GM will still have North American premieres of the Saab 9-X Air concept vehicle and Chevrolet Volt electric extended-range vehicle.
The automaker earlier dropped plans to unveil its Buick LaCrosse in L.A. GM will still have vehicles on display during the auto show and is using the same amount of floor space, Fosgard said.

for more CLICK HERE

In Summary: Since the CTS Coupe and next LaCrosse's introduction were delayed due to the cuts in R&D, and their LA introductions cancelled, there wasn't much reason for the news conference.
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