ˆ GM claims $450k lost to improper employee discounts

tags : court case , court cases , courtcase , courtcases , employee discount , employee discounts , employeediscount , employeediscounts , gm , gm employee discount , gmemployeediscount

When the land was flowing with milk and honey, GM didn't get medieval on folks who took just a little more than their fair share. Now that GM's diet has been pared back to a few nuts and the occasional berry... well, every nut counts. So when The General performed a random audit and found that employees had allegedly been sharing their employee discounts with ineligible buyers, instead of a big "whatever," GM initiated lawsuits. Based on the known records, GM is trying to recoup $450,000 plus court costs and attorney's fees from at least nine court cases. In addition to offering the discounts to those who shouldn't have had access to them, GM said the the employees were using the discounts "for their own financial gain." Some of the employees being sued no longer work for GM. Attorneys for the defendants have suggested that shady dealers simply used the employees' information to give the discounts to other buyers without the employees' knowledge or consent. At this point, no dealers are named in the lawsuits, so it's up to the employees in question to prove their innocence. And for now, when it comes to pennywise, GM isn't playing around...

posted : 9/14/2008 @5:27:16 AM

ˆ GM brings back employee pricing to sell remaining 2008 models

tags : buick , cadillac , chevrolet , employee discount , employee pricing , employeediscount , employeepricing , gm , gmc , hummer , pontiac , saab , saturn

It is no secret that the automotive industry is hurting for sales to close out 2008. Over the past few months incentives have been thrown out left and right to draw in more buyers. The deals have not done enough to bring folks into the showroom, though. With all the media talk of bleeding Detroit, consumers know that the domestic manufacturers have been holding out on their best offers. Perhaps the memory of 2005's employee pricing incentives has kept many waiting on the fence. With 2009 models heading to dealerships as we speak, General Motors is hoping to end the stalemate. It will be testing the waters of employee pricing yet again beginning Wednesday, August 20th and running through September 2nd. The employee discount program will apply across all 8 GM brands. Buick, Pontiac and GMC dealers will mark down 91 percent of their inventory on all 2008 models, along with the 2009 Pontiac Vibe and G5, Chevy Cobalt and HHR and, surprisingly, the Cadillac CTS. Chevrolet dealers can unload 90 percent of their 2008 inventory with all 2008 models eligible for the employee price. Cadillac, Saturn, SAAB, Hummer will each have their own stipulations as well, but it is certain that the discount will be widespread. The price reduction varies from vehicle to vehicle, but is typically on order of a few thousand dollars. Additional incentives will also still be offered on some slower selling items, such as, you guessed it, trucks and SUVs. So the question is, will employee pricing get you off the fence and into a dealership?

posted : 9/2/2008 @2:46:41 AM

ˆ GM allows workers to offer discounts to everyone

tags : discounts and rebates , discountsandrebates , employee discount , employeediscount , family plan , familyplan , gm

Faced with miserable sales and a brutal economy, General Motors has reverted back to employee pricing for non-GM employees and family members. You may remember the last employee pricing campaign in 2005 that led to record summer sales followed by a miserable fall due to the fact that everybody looking to buy a vehicle pulled their purchase decision forward. This time around, only customers that get a unique PIN from an employee will receive the special pricing, and every GM employee gets one PIN to give away. That translates to roughly 108,000 vehicles that are eligible for special pricing, and only active employees are eligible to participate. Left out of the discounted car sell-athon is the General's considerable pool of retirees, which is larger than the sum of active workers. GM is hoping the promotion will give sales a boost without resorting to wholesale incentives to everyone, and with July rumored to be just as bad as June, the General can use all the help it can get.

posted : 8/7/2008 @8:10:08 PM

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