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Post Tagged with: "general motors"

GM Will Up the Ante With $380 Million Missouri Investment

General Motors continues to salvage itself from the depths of corporate disaster. The company recently announced they will be adding a second shift to a Missouri plant that assembles Chevrolet Express vans and the GMC Savana, abetted in part by the United Auto Workers union. The added shift is apparently being introduced along with the [...]

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General Motors Poised To Reclaim Top Spot

The American auto industry has seen some rough times in recent years. In late 2008 the government infused several car companies, including GM, with taxpayer money. This bailout of the auto industry was contentious at the time, and still is for many. Everyone was hurting and people could barely afford to get by and had [...]

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General Motors Posts $865 Million Profit for First Quarter 2010

General Motors have just announced that they have posted a $865 million profit for the first quarter of 2010. The $1.66-per-share profit was far better than a loss of $6 billion, or $9.78 per share, for the same period last year. It’s also a sign that GM may be able to back up CEO Ed [...]

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GM To Recall 1.3 Million Chevrolets, Pontiacs For Power Steering Failure

General Motors announced yesterday it will recall 1.3 million vehicles in an effort to address power-steering issues linked to 14 crashes. The Pontiac G5 and Chevrolet Cobalt are the only U.S. models affected. [AutomotiveNews]

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General Motors Cancel Plans for Cadillac Badged Version of Their Chevrolet Volt

General Motors Co. has been reported to be dropping plans for a Cadillac-badged version of the Chevrolet Volt. Apparently a Cadillac version of the Volt would be too weighed down by the expected luxury and comfort features to replicate the Volt’s 40-mile electric-only driving range without extensive extra cost, a Bloomberg report said. Sources suggested [...]

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Dodge and Cummins Sign New Multi Year Deal for Diesel Engines

Ford uses Navistar, General Motors has worked with Isuzu Motors and Chrysler has Cummins. Of all the automaker diesel offerings, Chrysler’s pact with Cummins has lasted the longest (since 1989), and word from Chrysler’s official blog is that the two companies will continue to play nicely together into the future. According to a new post [...]

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General Motors States No Deal Yet To Sell Saab To Spyker, but its Imminent

General Motors Chairman and CEO Ed Whitacre said at a Monday morning press conference that the automaker has no announcement regarding Saab despite media reports swirling around the globe that a deal to sell the Swedish automaker to Spyker is imminent. “As of today, we have not changed our direction on the wind-down (of Saab),” [...]

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New Chinese Market Cadillac SLS and Buick Excelle XT to debut in Guangzhou

General Motors’ China’s sales are up 60 percent year-on-year, and The General wants to keep the momentum going at its Chinese outpost. Automotive News China reports that the Guangzhou Auto Show will play host to the unveiling of the market-specific Cadillac SLS and Buick Excelle XT, the latter described as a four-door “coupé-like sedan.” The [...]

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Renault Get Avtovaz To Halt Lada Product Launch to Focus on Quality

There has been a lot of new lately about Renault ever since they beat out Fiat and General Motors to acquire a 25% stake in Russian automaker Avtovaz. Avtovaz were planning on a new product launch of their Lada brand, but Renault has reportedly now changed its strategy, putting new Ladas on hold. Instead, they’ll [...]

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GM’s Sale of Saab to Koenigsegg Collapses

General Motors confirmed Tuesday that its planned sale of Swedish automaker Saab to Koenigsegg Group AB has collapsed with Koenigsegg terminating the sale. What’s next for Saab has yet to be determined. “We’re obviously very disappointed with the decision to pull out of the Saab purchase,” GM President and CEO Fritz Henderson said in a statement issued by [...]

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