General Motors
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General Motors has announced that it posted a $4.3 billion loss for its first six months out of bankruptcy, which essentially covers the period from July 10 to December 31 2009. As you may recall, July 10 of last year was the date the ‘new’ GM was formed through the acquisition of substantially all the assets and certain liabilities of the former company. Despite the bad start, GM is still confident of profits this year or at least breaking even. Speaking with The Wall Street Journal, GM’s chief financial officer, Chris Liddell, said the company has a good chance of returning to...
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GM Will Shut HUMMER Brand DownDespite hopes that a new buyer for Hummer would be found after an original sale deal with China’s Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) fell through, General Motors will now shut the brand down for good. GM originally said that it had several parties still interested...
Viknesh Vijayenthiran -
Video: GM's Laser-Based Heads-Up Display In ActionThis video two-pack shows what the laser-based HUD system can do.
Nelson Ireson -
GM Unveils New Laser Heads-Up Display For Better VisibilityThe new GM system has been in the works for at least two years.
Nelson Ireson -
Spy Shots: GM Testing Theta-Based Plug-In Hybrid Crossover PrototypeWhen General Motors shut down Saturn late last year, it lost more than a quarter of its sales of hybrid vehicles. Saturn, with no V-8 models, full-size SUVs or pickups, was GM’s most fuel-efficient brand and was second only to Chevrolet for overall hybrid sales with its Vue and Aura...
Viknesh Vijayenthiran -
Cadillac Distancing Itself From GMCadillac is the shining star in General Motors’ North American portfolio and one of the few brands in the world where it’s safe to say that all its products are generally pretty good. Not surprisingly Cadillac doesn’t want to tarnish its image by being banded together with GM...
Viknesh Vijayenthiran -
Bob Lutz, still going strong at 78 years old, is finally looking seriously at retirement.
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Official: HUMMER Sale Ends, Brand To Be Wound DownGeneral Motors has announced that the proposed deal with China’s Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. (Tengzhong) over the sale of HUMMER cannot be completed and as a result the brand will be wound down. The deal with Tengzhong was expected to secure more than 3,000 U.S. jobs...
Viknesh Vijayenthiran -
Report: GM Planning Rear-Wheel Drive Hybrid Cars, Starting With Cadillac ATSLast month General Motors announced it was expanding its in-house electric vehicle development capabilities by becoming the first major automaker in the U.S. to design and manufacture its own electric motors for future hybrid and plug-in hybrid models. The electric motors, which are 25 percent...
Viknesh Vijayenthiran -
Spyker: Saab Will Be Niche Player With Three To Four ModelsIf Saab is eventually wound-down, more than 3,400 jobs in Sweden alone will be eliminated.
Viknesh Vijayenthiran -
General Motors Tanks TigerHey, you. Yes, you: the guy who's been in a coma and living under a hubcap since November? You might be surprised to know that General Motors has ended its (purely platonic) relationship with Tiger Woods -- the one whereby Woods received free GM vehicles on loan. It appears the romance officially...
Richard Read -
Breaking: Saab Board Votes For Liquidation, GM Still Considering BidsThe latest word in the ongoing Saab saga is that the board of the company has voted to shut down and liquidate.
Nelson Ireson -
Exactly one year ago Texas-based tuning firm Hennessey Performance Engineering (HPE) first announced plans for a highly modified 2010 Chevrolet Camaro that the company plans to launch very soon. Called the HPE700, the limited edition Camaro boasts a 724-horsepower output and joins other mega-power custom cars like the recently launched ‘Godzilla 700’ Nissan GT-R and a string of ‘Venom’ Dodge Vipers. The key to the HPE700's prowess is its supercharged LS9 heart transplant. As if the 638-horsepower the LS9 puts out in ZR1-trim weren't enough, in the HPE700 the force-fed...
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Report: Cadillac XTS Production To Start In 2012 At Oshawa PlantReports of a single replacement for Cadillac's aging DTS and STS sedans have circulated the web for ages now, with news that the car would be called the XTS and could even share a front-wheel drive platform with the Buick LaCrosse all making the rounds. Then, late last month, Cadillac revealed a...
Nelson Ireson -
GM Working On Ultra-Efficient Diesel HybridsModern turbodiesel powertrains already match gasoline-electric hybrids in fuel-economy and often outmatches them when it comes to driveability and performance, but a combination of the two separate technologies could provide a perfect blend of performance and economy. The idea of a diesel-electric...
Viknesh Vijayenthiran -
2010 Opel Meriva RevealedProduction of the new Opel Meriva will kick-off at a plant in Saragossa, Spain shortly after the model’s debut at March’s 2010 Geneva Motor Show.
Viknesh Vijayenthiran -
Apple COO Tim Cook Up For GM CEO Position?The latest rumors on the net have the man that stepped in for Steve Jobs taking the helm at GM.
Nelson Ireson -
Cadillac Confirms XTS Concept & CTS-V Coupe For 2010 Detroit Auto ShowWe’ll have all the details and live images of both cars following their debut at the 2010 Detroit Auto Show in January 12.
Viknesh Vijayenthiran -
We're just a couple of days away from rear-ending 2010, so like all major media outlets, we thought we'd take a break from real reporting (don't worry: nothing's happening) and look back at some of 2009's notable moments. It was an...interesting year for the auto industry to say the least, and we've seen a lot of changes, both in the U.S. and abroad. Some of the losses have been painful, but in the end, we're hopeful that they'll spur growth and development down the line. And if not, we'll have enjoyed kicking them around in our spare time. By the way: we'd planned on making an Oscar-style...
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Attracting Younger Buyers Is Buick’s Greatest ChallengeThe average age of a new car buyer in the U.S. is 52, while the average age of a Buick buyer is 70.
Viknesh Vijayenthiran -
Susan Docherty Talks Sporty Buicks, What's Next For GMGM vice president of vehicle sales, service and marketing Susan Docherty held a web chat today.
Nelson Ireson -
GM's Mark Reuss Talks About Priorities, RWD And Hints At Z28During a live webchat today, GM North America President Mark Ruess discussed what he has planned.
Nelson Ireson -
Report: No Cadillac CTS Convertible PlannedWith the introduction of the 2011 Cadillac CTS Coupe, the CTS line will be complete.
Viknesh Vijayenthiran -
GM CEO Fritz Henderson ResignsGM CEO Fritz Henderson will be replaced by board chairman Ed Whitacre until a replacement can be found.
Viknesh Vijayenthiran