Paul Batista
Instant Wheels Editor, InstantRiverside.com

General Motors has exited bankruptcy. Remember, the automaker filed for bankruptcy protection on June 1. It promised to reinvent itself and come back as a leaner and stronger company.

They are hoping to release 10 new models in the next year. I believe one will be the much-anticipated Chevrolet Volt. The company still needs to close 1900 dealerships across the country.

Locally we’ve lost Kennedy Cadillac, and the Singh-owned Chevrolet dealership in Corona is on the closure list.

The government’s road map for GM erased most of its debt, taxpayers own about 51 percent of the company.

General Motors CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one and will focus on a streamlined product offering to maximize quality and efficiency.

Filed under Headline

Friday, July 10, 2009

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