Feb 22, 2011 online at www.uawlocal2250.com
Reminder: If you, or any employee you know, have changed addresses recently you need to go to mysocrates (mygmportal.gm.com), go to "myServices" and click on the “personal” tab to update your information. This is the contact information the company will use for all correspondence, including recall of laid off or transferred members.
From FleetOwner: General Motors is planning to push hard alternative-fuel options and maintenance services for commercial fleets in 2011. The auto giant said it is building off growing sales to what had been a moribund market during the recent global economic downturn. In a conference call with reporters, Brian Small, gm of GM Fleet and Commercial Operations, said the company’s sales to commercial customers rose 11% in 2010 with continued growth expect in 2011, although sales to government fleets are expected to lag due to budgetary constraints. “We’re seeing fleets starting to reinvest in their vehicles in an expanding effort to replacing aging equipment,” Small said, pointing out that GM’s commercial sales jumped 41% in the fourth quarter last year after dipping 2% in the third quarter. In particular, GM reported that sales of cargo vans doubled in Jan. 2011 compared to figures posed in Jan. 2010. To capture more sales in the now-expanding commercial market, GM is rolling out new factory-installed alternative fuel options this year for its cutaway van chassis, along with a new maintenance service called FleetTrac, aimed at helping commercial customers schedule vehicle repairs at outside repair shops without using a fleet management firm. Available to fleets of all sizes, FleetTrac consolidates vehicle maintenance invoices, documents vehicle repair history and minimizes the process for repair authorization. Invoice details are delivered through a secure website and can be customized to fit any business structure.
GM is expected to report fourth quarter and full-year earnings this Thursday. Along with that could (should?) be the amount of profit sharing to be paid out. The Detroit Free Press is reporting that the average estimate of 18 analysts is $5.3 billion for the year. As Jonothan Oosting of Mlive.com wrote, “it's further proof that Sen. Mike Johanns (R-Nebraska) was wrong when he called GM "the worst investment you could possibly make."
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