All Entries Tagged With: "GM"
GM exec says 60,000 Chevy Volt can be built in the year 2012
We have known all along that General Motors, ramp up production of 2011 Chevrolet Volt, with 10,000 to 15,000 sales planned in the first year of production. But what about 2012? The Detroit News reported that Doug parks, GM electric vehicle Executive Conference business of plugging in said that in 2012 of the Volt “in [...]
GM confirms plug-in crossover remains on track for 2011 Read more
A plug-in electric powertrain once destined for a Saturn crossover will live on at General Motors and will arrive in 2011 in another vehicle. GM vice chairman and product chief Tom Stephens confirmed to wire service Reuters that the project remains on track. The automaker was scheduled to bring a plug-in version of the Saturn [...]
GM to reduce support for Cup teams
General Motors is set to cut back financial support for its main teams competing in the NASCAR Sprint Cup after filing for bankruptcy protection earlier this month. Less than a week since cuts were announced for its Nationwide and Truck Series teams, the automaker has now taken a similar step with the outfits it supports [...]
GM agrees to sell Saab to supercar company Koenigsegg
General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower [...]
GM to sell Saab to Swedish custom car maker
By Louise Nordstrom Associated Press STOCKHOLM — Saab Automobile, General Motors’ struggling Swedish unit known for its family cars, was rescued today by a consortium led by Koenigsegg Automotive AB, a tiny company that produces only a dozen custom-made super cars a year. Having penned a memorandum of understanding, GM said the sale would include [...]
GM, Chrysler execs defend dealership closings
GM CEO Henderson: Cuts ‘quite painful,’ but necessary to preserve jobs General Motors and Chrysler executives defended the closings of hundreds of dealerships Friday as House lawmakers questioned whether the decisions would save any money or help the troubled companies rebound. “Many dealers and the communities they serve frankly feel blind-sided,” said Rep. Greg Walden, [...]
New Chrysler Shielded from Old Product Liability
Chrysler’s bankruptcy will leave lots of people empty-handed. Among them are accident claimants who seek compensation when a faulty Chrysler vehicle causes injury or death. Under terms approved on June 1 by U.S. Bankruptcy Court Judge Arthur J. Gonzalez, the “new” Chrysler emerging from bankruptcy won’t be liable for product defect claims involving any cars [...]
GM has Hummer deal, declines to name buyer
DETROIT (Reuters) – General Motors Corp said it reached a tentative deal to sell its Hummer brand, part of an effort to drop four unprofitable vehicle lines and leave bankruptcy as a leaner company. GM, a day after filing for bankruptcy, said in a statement on Tuesday that it was not disclosing the identity of [...]
GM announces preliminary agreement to sell Hummer
(Reuters) – General Motors announces preliminary agreement to sell Hummer * Says deal could secure more than 3,000 jobs in the United States * Says sale is expected to close by the end of third quarter of this year * Says the identity of purchaser and proposed financial terms of the agreement are not being [...]
GM: Workers, Towns Face Life Without Automaker
Pontiac. Mansfield. Spring Hill. Orion Township. All these places once thrived in the shadow of General Motors plants. But now their futures—and their very identities—are in doubt with the automaker’s decision to file for bankruptcy and shut down more than a dozen factories. The closings will cause “a ripple effect, and eventually it’s going to [...]
How Rick Wagoner Lost GM
GM’s ex-CEO threw out the good-governance structure in place when he took over, then made bad decision after bad decision, backed by his rubber-stamp board General Motors’ legendary management system and industrial might were once revered by management scholars and business historians; the thought of bankruptcy would have been beyond improbable and indeed laughable. Yet [...]
SEMA 2010: R8 v10 Spyder rigid and autonomous Audi TTS say hello to Vegas
Alfa Romeo 8C Spider shows that Alfa's bets keep getting better Read more
All-new Citroen C3 gets classier
Rumormill: Bubbles more speculation to mini Moke/Beachcomber/Canyon Coupe models
The All New 2010 Hyundai Genesis Coupe R-Spec