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Post Tagged with: "GM"

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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GM Bringing Back Buick Regal GS

It has been reported that GM will be bringing back the Buick Regal GS. Based on the concept from Detroit this past year, the Regal GS should sport a 2.0L turbocharged 4-cylinder with close to 255 horsepower and a 6-speed manual tranny, pushing power to all four wheels, GM predicts 0-60 in under six seconds. [...]

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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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Honda Launches Three Wheeled 3R-C Pod Car

Like GM’s Puma and a slew of other personal mobility concepts before it, Honda’s three-wheeled 3R-C is all about getting one person around in style. As a “pod car,” it’s nice and small and would run entirely off lithium batteries. It also has space for storage in the front, and its clear canopy mysteriously shifts [...]

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GM Reaches Agreement to Sell Saab to Spyker

General Motors and Spyker Cars NV today confirmed that they have reached a binding agreement on the purchase of Saab Automobile AB. “Today’s announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans worldwide, and great news for GM,” said John Smith, GM vice president for [...]

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Saab Avoids the GM Trash Heap

Thanks to Spyker Cars, GM’s Saab division will be spared the same fate of Pontiac and Saturn. This is welcome news for the 1.5 million Saab drivers and fans of the brand.  Tuesday (January 26) Skyper announced in a press release that they would aquire the Saab brand.  Dutch based Skyper Cars states the deal [...]

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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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