Despite losing more than $3.3 billion this quarter, GM plans to invest up to €9 billion ($14 billion) by 2012 to increase the market share of its Opel brand. Of the total investment, €6.5 will be spent alone on developing new models and powertrains as well as the expansion and modernization of Opel […]
GM today announced financial results for the first quarter of 2008, revealing a $3.3 billion loss over the period – down from a modest loss of just $42 million one year ago. Revenue for the first quarter was $42.7 billion, down slightly from $43.4 billion in the year-ago quarter. This was primarily due to lower […]
GM will attempt to avoid the same fate as Toyota and reduce production at a number of its plants to prevent an oversupply of vehicles in the stagnant U.S. market. Corroborating with the decline in demand for fullsize SUVs and pickups, GM confirmed today that it will start eliminating shifts at its Pontiac and Flint […]
The U.S. Secretary of Transportation couched the new CAFE plan as saving billions of gallons of fuel, but the industry sees it as one that will costs billions in research, development and manufacturing costs over the next five years.
Secretary of Transportation Mary Peters noted in the announcement of the new regulations that the Department of […]
Following a trend started by a number of European carmakers, GM has revealed a new ‘XFE’ (E)Xtra Fuel Economy labeling system which has debuted on the 2008 Chevrolet Cobalt. Cars badged with the new XFE logo feature a number of fuel economy improvements and on the Cobalt ensures the car is among the “most fuel-efficient […]
Buick’s next-generation LaCrosse has been spotted testing at GM proving grounds both in the U.S. and Germany and as these latest images reveal the new car sports a similar shape to the Invicta concept unveiled over the weekend. Like the concept, the production version’s styling is being handled by teams in both the […]
With the release today of GM’s first quarter sales results, it’s evident American carmakers are doing much worse on their home turf than most would assume. GM’s sales worldwide dipped 0.6% over the quarter, but this was largely because most of the gains made in new markets were offset by a sharp drop in GM’s […]
We’ve seen the spy photos, the official photos, the car-show concepts and even the odd spy video, but the footage available today gives us the best look yet at what GM will be offering in the form of the Camaro. Quality audio and well-framed video give us a peek into what the new […]
Now that Opel’s all-new Insignia sedan is out in the open the next new models to look forward to from GM’s Euro division is likely to be a new wagon variant as well as a possible coupe flagship. Opel has sold wagon versions of the previous Vectra (the model the Insignia replaces) for […]
Both Wal-Mart and Exxon Mobil managed to weather the economic storm raging in the U.S. and keep their respective positions at the top of the annual Fortune 500 list of the nation’s largest publicly traded companies, but GM couldn’t hold onto its third spot and ended up slipping down a position to fourth. Taking its […]
As carmakers around the world look for alternatives to burning fossil fuels to power their future cars one proposition that’s quickly gaining traction is the roll-out of cars that run on biofuels sourced from crops. One of the most vocal carmakers backing the mass production of biofuel is GM, which plans to have most of […]
Buick’s new Invicta (Latin for invincible) concept brings back a vehicle nameplate not seen on a GM product in more than 45 years and previews a new four-door midsize sedan with a coupe-like roofline destined for sale in the world’s two biggest automotive markets – the United States and China. The Invicta is […]
Official images and details of Opel’s all-new Insignia sedan have finally been revealed and as predicted the car picks up a number of design cues from last year’s Opel GTC concept. There’s a lot of significance riding on this model because this is the car that will be sold in the U.S. as […]
Redundant operations and wasted time and resources spent duplicating work already done by another of its eight different brands have plagued GM for years. The carmaker has been long criticized for its organizational structure but it has finally confirmed the merger of its eight brands into four distinct channels – each headed by newly appointed […]
Chrysler laid out most of its future plans earlier today, revealing information about a score of upcoming models and technologies including new dual-clutch transmissions, a hybrid Dodge Ram, a fuel-efficient AWD system and a Nissan-sourced small hatch just to name a few, but it isn’t the only U.S. automaker with major updates planned for the […]