December 5, 1992 |
Oldsmobile Fights Rumors of Its Demise: General Motors Corp. may have dashed the rumor that it was killing its Oldsmobile division, but sales of Olds cars and trucks are plummeting and dealer frustration is growing. Oldsmobile sales in November tell the story. The division sold 24,369 cars and trucks during the month, 32% below the 36,078 sold in the same month last year. The rumor that Oldsmobile would be dropped as a marketing division first surfaced in the Washington Post in mid-October.
October 24, 1992 |
Claiming that news of their death has been greatly exaggerated, Oldsmobile dealers in the Southland tried to wheel and deal pretty much as usual on Friday. But the negative news was causing concern. Published reports this week, indicating that General Motors may eliminate or consolidate its Oldsmobile division, were denied by the company on Thursday.
September 8, 1989 |
The Oldsmobile division of General Motors Corp. on Thursday announced a three-part program for car owners that includes an offer to exchange any 1990 model within 30 days of purchase, as well as a 24-hour roadside assistance plan.
January 19, 1990 |
In the view of many consumers, a car, like other goods, should be returnable. It's a big purchase, full of details and fraught with uncertainty, sometimes including problems on delivery and seemingly endless "adjustments" thereafter. Amazingly, car makers have responded. Chrysler, Pontiac and Oldsmobile have recently made it possible to return some of their cars at least some of the time. But a customer service that should have been greeted with cheers has barely been noted.
December 13, 2000 |
General Motors Corp. on Tuesday unveiled its most significant reforms in years, saying it will eliminate 6,600 white-collar jobs in North America and Europe, close a factory in Britain and take a restructuring charge of $1.5 billion to $2.5 billion in the fourth quarter. The world's largest auto maker also confirmed that it will phase out the 103-year-old Oldsmobile brand because of slumping sales and lack of distinct identity among GM's eight American brands.
January 5, 1989 |
Enticed by the potential for huge profits in the booming mini-van market, Oldsmobile, perhaps known best for its big family sedans, on Wednesday introduced its first van, the Silhouette. Its effort to capitalize on the shift in consumer tastes from passenger cars to car-like trucks comes late.