GM in Trouble, But Says New Cars Still Coming

Saab94concept

GM announced billions of dollars in losses for the third quarter today, along with more job cuts and the fact that it may run out of money by February 2009 without government — or possibly divine — intervention. Then it said it’s still planning to roll out new models for the next two years — 15 in the U.S. alone. Wha?

While the company is planning to cut costs by billions over the next year, it isn’t stopping new product launches for certain cars we’ve been covering here on KickingTires. The most notable is the Chevy Volt plug-in electric hybrid, which will actually get an increase in investment. Check out the other vehicles still slated for life, and those we found missing, below.

Still coming, though possibly delayed, are the Cadillac CTS Wagon and all-new SRX crossover. Don’t expect either to show up at dealerships until well into 2009.

The Chevy Camaro is still slated for sale in early 2009, and you can still place an order for one, if you feel comfortable with that, at dealerships now. An all-new Chevy Equinox crossover will be out later in 2009, while the Cruze compact car is still scheduled for 2010.

Saab’s own crossover, the 9-4X, is still slated for sale, but it’s unknown when it will come to market.

What’s missing?

Most noticeably, there was no mention of the Cadillac CTS coupe, which has been regularly spotted around Detroit under secret coverings. The production version of the two-door Cadillac was supposed to debut at the L.A. auto show in a few weeks.

Also missing is any mention of a new Buick sedan. GM has virtually completed an all-new Buick LaCrosse, even teasing its badge as part of its L.A. auto show lineup. Could this signal a closure of Buick, much like Oldsmobile? It would be easy to slap a Cadillac badge on the popular Enclave crossover and forget Buick even exists. Would Tiger Woods start shilling Escalades then?

These two are glaring omissions in the company’s lengthy press release, which mostly detailed how it would stay afloat. No mention of other niche new models, like the Pontiac Solstice coupe, isn’t a surprise. However, it wouldn’t be a shock if the dismally selling Solstice and its twin, the Saturn Sky — the two sold a combined 638 units in October — were shelved because they’re built at the same Delaware plant, which doesn’t make anything else. 

There was also no mention of the Pontiac G8 ST. The niche sport truck was recently shown at SEMA with aftermarket accessories and was slated for sale in early 2009. Chances are it will either be delayed or also suffer a cost-cutting fate. The G8 sedan it’s based on failed to take off after going on sale earlier this year. October was one of the G8’s better month for sales, and it still didn’t match the outgoing Buick LaCrosse in sales.   

We didn’t expect GM to fill the entire press release with models, however, and the Saturn Vue 2-Mode Hybrid — a green vehicle it might want to flaunt — was also left off. Last we heard, it was a definite for production.

Where does this leave you, the car shopper? Well, not only will you be waiting anxiously for these new vehicles to go on sale, now you also have to wait and see if the company itself will be around by the time they’re supposed to debut.

Comments 

Awful lot of conjecturing and speculating going on about future product plans...how about sticking to what we know...

"In the U.S. alone, GM will launch 15 new vehicles through year-end 2010, 14 of which will be fuel-efficient cars or crossovers, including the Cadillac CTS wagon and SRX crossover, Chevrolet Camaro Coupe and Equinox crossover in 2009, and Saab 9-4x crossover, Chevrolet Cruze small car in 2010. Spending levels for the extended range electric Chevrolet Volt and other fuel-economy improvement initiatives to meet increasingly aggressive global fuel economy standards have been increased."

Tony

I guess, that is what they need to do - lunch new cars.
They obviously not going to do well with current lineup. And if their future cars wouldn't be attractive to customers they will shut the operation completely.

Ah people complain when I stick to what we know 100%. Sheesh. But since we just counted down 12 models in the post above that doesn't leave much room for more that we've never heard of. 3 new introductions? Would a new 4 cylinder g6 coupe count as one? (Story coming later)
Camaro Convertible?
It's going to be one slow auto show season with NO completely new products.

ziggy

The auto show season will just be a rehashing of what we've seen from the Paris show and others this past fall. I agree with Tony. A poor selling current line up with taking a chance on new models may be the end indeed. But we always have the Volt to save the day. And lets not forget about a US gov't bailout.

Chuck

I put off replacing my Lesabre to await the arrival of the 2010 Lacrosse in early 2009. Now that it's been put off, I may as well wait for the Volt (assuming GM is still with us by then.)

GM will still be around. They employ so many people all over the world that if the government doesn't bail them out, it could possibly lead to a global recession because of the sheer number of layoffs

J

Dave,

I recall some lyrics from one of my favorite songs.

"You were never satisfied, no matter how I tried." From That's why you go away.

Doesn't this describe how you feel?

Sarcasmo

GEEZ.. GM is like the abused wife, going back to her wifebeater husband.. THEY NEVER LEARN!! ALL their SUVs SUCKASS, except the Escalade and the Avalanche.

Yo, GM!! Here's a NEWSFLASH.. how about a RWD Malibu, Monte Carlo, and Impala. Also, make a new GTO, get the Camaro moving, add Holden to the US lineup, and oh yeah....................STOP WITH THE LAME GAS GUZZLER SUVs ALREADY!!

KeithO

I like Sarcasmo's suggestions for the Impala, GTO, Monte Carlo and Malibu. I will add to that something I said before: DISCONTINUE HUMMER, SAAB, GMC, AND SATURN. GM will gain much more than they lose if they only focused on four brands instead of eight.

KeithO

I like Sarcasmo's suggestions for the Impala, GTO, Monte Carlo and Malibu. I will add to that something I said before: DISCONTINUE HUMMER, SAAB, GMC, AND SATURN. GM will gain much more than they lose if they only focused on four brands instead of eight.

GR

Nice ... now we get "text commercials".

Paul

Sounds like a desperate GM dealer trying anything to drive sales.Here's what GM needs to do.Drop any model line that sells less than 100,000 units.Dont even think of a RWD carline.Think gas mileage,low operating cost and real value.Think solid resale,durability,and word of mouth.This is what sells cars.Come to think of it,there was a manufacturer that followed this line of thinking.....it was the original VW Beetle(1947-2003).

deleted the spam. Sorry guys missed that.

And yes J, sometimes I do feel that way. Thanks for caring.

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