Send to a Friend Share

General Motors (GM) Releases Memo on Cheverlot Brand Name

June 10, 2010 12:02 PM EDT
GM Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

EPS Growth %: -2.1%
General Motors (NYSE: GM)(OTCBB: MTLQQ) released the following on the Cheverlot name change today:

"Today's emotional debate over a poorly worded memo on our use of the Chevrolet brand is a good reminder of how passionately people feel about Chevrolet. It is a passion we share and one we do not take for granted.

We love Chevy. In no way are we discouraging customers or fans from using the name. We deeply appreciate the emotional connections that millions of people have for Chevrolet and its products.

In global markets, we are establishing a significant presence for Chevrolet, and need to move toward a consistent brand name for advertising and marketing purposes. The memo in question was one step in that process.

We hope people around the world will continue to fall in love with Chevrolets and smile when they call their favorite car, truck or crossover a "Chevy.""

You May Also Be Interested In


Related Categories

Corporate News

Add Your Comment





Follow StreetInsider.com On Twitter