GM
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Cadillac’s North American model lineup is about to expand with the addition of two exciting new models: the 2010 model year SRX crossover and CTS Sport Wagon. The first model to go on sale will be the SRX, which Cadillac has confirmed today will be priced from $34,155 when it arrives in showrooms next month. The CTS Sport Wagon, meanwhile, will arrive later this summer. The midsize luxury crossover segment remains strong in the U.S. despite new vehicle sales reaching 30-year lows. The segment currently accounts for nearly one quarter of all luxury vehicles sold in the U.S. market, and...
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Report: UAW agrees to 17.5% stake in restructured GM, bondholders reject tender offer
In a hugely positive step for General Motors, the carmaker, together with the U.S. Treasury and United Auto Workers (UAW), reached a tentative bargain on how they'll deal with changes to the current agreement in the face of the industry's problems and GM's increasingly probably bankruptcy. The...
Ralph Hanson -
March 2011 launch for Chevrolet Camaro Convertible
Following a lrecent report that GM’s plans for a high-performance Camaro Z28 had been canceled and the Camaro Convertible was on hold, comes a little good news but also some bad. The good news is that the Convertible is back on track for a March 2011 launch, while the bad news – you...
Ralph Hanson -
GM receives additional $4 billion in Treasury loans
General Motors received an additional $4 billion in loans from the U.S. Treasury late on Friday, while also reaching a cost-cutting agreement with the Canadian Auto Workers union ahead of a rumored Chapter 11 bankruptcy filing expected next week. This is in addition to the $19.4 billion already...
Ralph Hanson -
German governor says Magna is best choice for Opel
The contents of the bids for purchase of Opel submitted by Fiat, Magna and Ripplewood Holdings on Wednesday - and BAIC on Thursday - haven't yet been disclosed, but today the governor of the German state where Opel is headquartered said he thinks Magna's plan is the best for Opel. Though Hesse...
Alex Kaufmann -
U.S. Treasury invests $7.5 billion in GMAC
As the economy and car market continue to stagnate, it's becoming increasingly obvious that the bailout funds already paid to industry players like General Motors, Chrysler, and their financing arm GMAC, were just the tip of the iceberg. Today the Obama administration proved that point by handing...
Ralph Hanson -
With confirmation Saturn is up for sale coming from General Motors earlier this month, a number of potential investors and buyers have come out of the woodwork recently and confirmed interest in the struggling brand. Two main groups include investment firm Telesto Ventures and Roger Penske’s dealer conglomerate Penske Automotive Group. Even Renault-Nissan and auto parts supplier Magna International has been rumored to be eyeing a possible Saturn purchase, and while the field of potential suitors is varied there remains one common factor. Any new owner of Saturn will need to source new...
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Study: Toyota, Ford set to pass GM in market share, production
As General Motors peers over the brink of the abyss into a future that very likely holds a bankruptcy, the hits just keep coming. Today industry forecasters revealed that Toyota will pass GM in U.S. market share by 2010 at current rates, while Ford will push past the General in North American...
Nelson Ireson -
Holden engineering lighter and more fuel-efficient RWD Zeta platform
General Motors’ RWD Zeta platform was pioneered in Australia for the locally built Holden Commodore sedan but right from the start Detroit had global intentions for the design. Today, Zeta running gear can be found in models sold in China, South Korea, the UK, and in North America, but GM has...
Jeremy Weber -
Report: GM planning ‘Bumblebee’ Camaro to coincide with Transformers 2 movie launch
With the sequel to last year’s Transformers hit – Revenge of the Fallen - set to open across cinemas in the U.S. on June 24, Chevrolet is reportedly planning to start production of a new special edition Camaro based on the ‘Bumblebee’ version that very same day. Expected to...
James Martinez -
GM ties with Saab will remain in future models
The future of Saab is starting to look much brighter, thanks in part to important concessions from General Motors to help it build and design its own range of cars in the future, as well as a likely extension from Swedish courts for its restructuring deadline. For a while it looked as though Saab...
Alex Kaufmann -
Cadillac tops brand satisfaction survey for the second year running
In today's competitive market building reliable cars that customers are satisfied with is the key to improving sales and maintaining market share. A number of companies conduct vehicle satisfaction surveys to offer consumers a comparison between brands and specific models, and one of the most...
Jeremy Weber -
Bidding for General Motors’ Opel division has intensified recently, with the German government revealing late last week that only two parties remain in the bidding war – Fiat and Magna International (together with Russia’s GAZ Group). While it’s been speculated that Fiat is considering using Opel designs for its recently acquired Chrysler, new reports are suggesting that Magna may use Opel as independent vehicle supplier for other carmakers. According to Germany’s Welt am Sonntag newspaper, if Opel needed to reduce production of its own core models then any...
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Russia’s GAZ emerges as potential bidder for Opel
Less than 24 hours after GM CEO Fritz Henderson announced that a new buyer for Opel would be picked by the end of this month, Russia’s GAZ Group has confirmed that it would be interested in creating a joint venture with Magna International and Opel. Magna, as previously reported, is competing...
Jeremy Weber -
GM's OnStar will automatically give 911 services your location in emergency situation
General Motors' OnStar in-car information service can already automatically slow down a stolen vehicle, as well as monitor traffic situations in real time. Now, GM has upgraded the functionality of OnStar to electronically transmit a vehicle’s precise longitude and latitude co-ordinates...
James Martinez -
Preview: Opel Insignia 'GTC' Coupe
We’ve already seen Opel expand its Insignia lineup with the Hatchback and Sports Tourer, as well as the more recent OPC performance variant, but there’s one more model in the works that’s destined to be the most exciting and extreme. The model in question is a new coupe variant...
Ralph Hanson -
Chrysler resale values down 6% in a week as uncertainty rules the day
It's simple math: carmaker plus bankruptcy equals uncertainty and lower resale values. But Chrysler owners are feeling the bite of that equation as the value of their vehicles dropped 6% on average in a single week. In the week after Chrysler filed for Chapter 11 bankruptcy protection, owners of...
Ralph Hanson -
As GM rebuilds itself, it will build more cars overseas
It's an old story, one that's been told with increasing regularity since the end of World War II. Jobs are moving overseas. Today, it's General Motors that will be shifting more of its production elsewhere as part of its restructuring plan. Lower wages, lower production costs, cheaper plant...
Ralph Hanson -
General Motors is trimming its model lineup to get rid of its underperforming sport models across all its brands. Just yesterday, it was revealed that Chevrolet will no longer offer the Impala SS variant for 2010, nor will it offer the 2010 Cobalt SS sedan. Following in the footsteps of these two will be two more GM models facing the axe, for 2010 at least. These include the Cadillac STS-V, the high-performance variant of the STS, and the Pontiac G6 GXP. The Cobalt SS Coupe and HHR SS Panel are also expected to disappear, though these two will stick around until the end of calendar 2009 or...
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GM’s financial troubles won’t impede Chevrolet Volt development
The much anticipated Chevrolet Volt, the car pegged with rescuing GM from impending financial doom, is about to start the next phase of testing despite threats of bankruptcy looming on the horizon. Development work on the Volt is continuing uninterrupted and the first fleet of prototypes with...
Ralph Hanson -
Artisan dials up 600hp from Camaro SS with new twin-turbo kit
Hot on the heels of the 800hp (597kW) tuned Camaro from Lingenfelter comes another hotted up version of the rejuvenated muscle car that's set to do battle on the black top this June. The latest tuned Camaro is based on the range-topping SS and picks up a pair of GTK350 turbochargers for an...
Jeremy Weber -
GM issues first recall for Chevrolet Camaro
GM's much awaited 2010 Chevrolet Camaro has only been on dealership floors for a few weeks but the car has already suffered its first recall due to an exposed power cable. The issue lies in the V8 Camaro's battery, which in some cars has been experiencing short circuits due to the exposed cable...
James Martinez -
Report: GM wants 30% stake in possible joint Opel-Fiat company
The landscape of the automotive industry is changing, and before things are done, the changes may be massive. Already Fiat and Chrysler are forging an alliance, and Fiat is also going after part of Opel. Now a source says General Motors wants a piece of any merged Fiat-Opel operation that might...
Ralph Hanson -
Opel planning electric city car based on Trixx concept
Despite its financial woes on the back of General Motors’ money troubles, Opel is still working on developing its own new models and technologies, including what could prove to be the European division’s first all-electric vehicle. While it’s long been anticipated that Opel would...
Kenneth Hall