GM pulls back LA Show plans even further, cancels press conference

 

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The new car reveals, including the CTS Coupe, will instead wait until Detroit in January

The new car reveals, including the CTS Coupe, will instead wait until Detroit in January

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General Motors had already announced it wouldn't be showing the Cadillac CTS Coupe and new Buick LaCrosse at the 2008 Los Angeles Auto Show as it had previously planned, and now the company has announced it won't be doing anything significant at the show at all, canceling its press conference and showing only the production Volt and two-mode hybrids.

The move isn't surprising given the tough news GM had to deliver on Friday with its Q3 financial results. With ongoing talks in Washington and dire predictions about the company's future, executives didn't think showing new models would meet with the proper reception, reports The Detroit Free Press.

Instead, GM hopes the media frenzy over the current economic problems will have settled and a new funding program from Washington will be in place by the time the 2009 Detroit Auto Show rolls around in January. The company will show the vehicles it had planned to release in L.A. at that show instead.



 
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Comments (4)
  1. Wow, I will really trip out if they go out of business.
     
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  2. I call BS on this.

    Looks like PR stunt.

    Why not show us the cars you already have? And there's no way US gov't will let GM go down.
     
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  3. GM is not going down it now seems. Good prediction Ivan! Gm has a quality product as long as they don't skimp on rear ends like they were talking a few months ago. They just focused on too many large vehicles in the lineup and didnt have a decent mini suv. So I bought a Merc Mariner in 2005 with a Mazda 4 cylinder. I really like it too. But Im a GM guy! The can and will compete they just need to gut their large vehicle lineup! My point is that Obama can help revize the GM, Ford, and Chrysler name by marketing them for the next 4 to 8 years! Hats. photo opps, tee shirts , banners, etc....That stuff worrks!!!!!!!!!!
     
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  4. Just sell that Caddy with a diesel V6 in Europe and GM surely won't go out of business.
     
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