General Motors
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Earlier this week news broke that General Motors would in fact be discontinuing the Pontiac Vibe, built alongside the Toyota Matrix at the California New United Motor Manufacturing Inc. (NUMMI) the two carmakers share. Since then, speculation as to what sort of joint GM-Toyota project might emerge from the void has run wild. Earlier reports, originating before the announcement of the Vibe's discontinuation, indicated that Toyota and GM were already in talks about a model to replace the Vibe. No further developments in those discussions have been made public, however. Instead, pundits and...
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Hennessey drops new photos of 562hp HPE550 Chevrolet CamaroTexas-based tuning firm Hennessey Performance Engineering (HPE) has already announced plans for a highly modified 705hp (526kW) version of the new 2010 Chevrolet Camaro, which it plans to launch early next year, but if over 700 horses under your hood seems a bit extreme Hennessey also sells a...
Viknesh Vijayenthiran -
Opel shows off interior for new AstraAfter months of previews, teasers and small official photos, the 2010 Opel (Vauxhall) Astra has finally been let out of the bag. The hatch has been revealed in high-res photos and for the first time we get a look at the upcoming car’s stylish new interior. The new Astra is crucial for Opel as...
Viknesh Vijayenthiran -
Fornasari announces 610hp Racing Buggy for series productionIt's hard to pin down the qualities of the 'ultimate' vehicle, but the new Racing Buggy from Fornasari looks to be a fair attempt. Its design, however, is as extreme as its capabilities so it's sure to polarize. With 610hp on tap, routed through an AWD system with 60% rear bias and built around a...
Ralph Hanson -
GM bumps price of 2010 Corvette ZR1 up $2,910 to $107,830Supercar performance from a 638hp supercharged V8 engine, carbon fiber bodywork and sharp styling should all add up to a price tag in the $200,000+ range if you look to the competition, but the Corvette ZR1's unmatched value put its sticker price at just $104,920 for 2009. That price will be going...
Ralph Hanson -
Report: Buick to get two-mode hybrid for new crossoverIf the rumors are true, General Motors may be in the process of developing a new Buick crossover - with a new two-mode plug-in hybrid engine that should take the alternative fuels fight to its competitors. GM, Daimler, Chrysler and BMW have been jointly developing the two-mode hybrid for some time...
Alex Kaufmann -
It's easy to look at the bailouts and bankruptcies of General Motors and Chrysler as a big-government bonanza. Some even see tints of socialism in the loans and subsequent government ownership stakes. But as Ford points out today, there was more at stake than just two companies. The entire industry, and in some ways, the entire U.S. economy, was riding on the survival of GM and Chrysler, says Ford Motor Co executive chairman Bill Ford, Jr. "It would have been so catastrophic to have a supply-base meltdown because it would have brought down all the auto manufacturers and frankly some other...
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Hummer won't stop U.S. production, sale to new owners complete by OctoberPoor sales, growing public concern for the environment and the recession have all added up to weaken General Motors’ chances of finding many buyers for Hummer but the struggling automaker confirmed last week that at least one company was interested in the sale. That company was Chinese...
Ralph Hanson -
Magna may use Opel as vehicle supplier for other brandsThe saga surrounding General Motors’ European subsidiary Opel continues to unfold as the struggling automaker ponders the bids that are on offer. Now, anonymous sources close to Canada’s Magna International have revealed that if the auto parts giant wins the bid it will be executing a...
James Martinez -
Saab buyer to be revealed this week, most likely KoenigseggThe ongoing tale of Saab's sale may be drawing to a close, as early reports out of Sweden today have General Motors and Swedish supercar maker Koenigsegg, along with a group of Norwegian investors, agreeing to the deal in a letter of intent. GM confirmed in its February viability plan that it would...
Kenneth Hall -
HSV working on high-performance LPG systemEven V8 performance groups like Holden Special Vehicles (HSV) cannot afford to ignore the new spate of environmental consciousness that’s sweeping the globe. Whether it’s a case of consumers griping about how much they have to pay for fuel, or a genuine desire for greener performance...
Viknesh Vijayenthiran -
Henderson confident he’ll stay on as GM CEO following bankruptcyGeneral Motors' current CEO Fritz Henderson has only had the top job for a short time since former CEO Rick Wagoner was asked to step down after heading the automaker through some of its most troubled financial years. Following GM's bankruptcy proceedings, Henderson expects that he will remain as...
James Martinez -
The Chevrolet Corvette has had a historic run as America's iconic supercar, spawning imitations in the past and inspiring allegiance from Corvette aficionados around the world over the decades. With 1,500,000 Corvettes built over the years, it’s a good time to look to the past, and now, one of the most valuable collections of Corvettes is hitting the Chicago area for the Bloomington Gold Corvette Show. If organizers are correct, than it will prove to be unmissable for Corvette die-hards. Taking place in two weeks, the 2009 Bloomington Gold Corvette Show will feature 60 of the most...
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Chevrolet builds the 1,500,000th Corvette, prices 2010 Grand SportBuilding 1,500,000 of just about any complex machine is a serious milestone, but it's much more than that to the motoring spirit of America when it's the Chevrolet Corvette. Today General Motors announced the production of the 1,500,000th Corvette at its Bowling Green Assembly plant. Along with the...
Nelson Ireson -
GM plans major changes for remaining dealershipsGeneral Motors already has plans to slash hundreds of its dealers late next year, but for the dealers who make it through the cuts it won't just be a case of 'business as usual'. Instead, the struggling automaker will be modifying its contracts with the remaining 4,100 or so dealers in its network...
James Martinez -
Chevrolet Equinox two-mode hybrid coming in 2011Before the financial crisis hit, General Motors had some major plans for its Saturn brand including the launch of a two-mode hybrid Vue and eventually a plug-in hybrid version. Development and engineering for both vehicles had been completed and production of the two-mode hybrid Vue was originally...
Ralph Hanson -
Republicans and Democrats blame each other for GM collapseThe collapse of General Motors has seen some of the most divergent views on both politics and the automotive industry appear in recent times, and even though the collapse of GM had been predicted for months, if not years, there is still arguing over who was responsible and what American consumers...
Ralph Hanson -
GM opens advanced battery lab in MichiganDespite a bankruptcy filing that's barely a week old, General Motors is fighting to preserve its image as a relevant and potent member of the automotive industry. To that end, GM today announced the opening of its Global Battery Systems Lab in Warren, Michigan. The new lab is where GM will do the...
Nelson Ireson -
General Motors has already announced plans to slash hundreds of dealerships across its brand portfolio, and now it appears even high-end Cadillac dealers won’t be spared from the latest cull. Most of the cuts are expected to occur in metro areas and affected dealers will be informed by October 31, 2010 - the same day most franchise agreements between GM and its dealers expire. The reasoning behind GM's decision to cut back on Cadillac dealerships comes from examining the brand’s place in the luxury segment and comparing how its rivals sell their retail vehicles. Companies such as...
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Chevrolet Corvette sees $365 price rise for 2010Chevrolet is introducing a series of updates for the Corvette for the 2010 model year, with changes affecting the entire lineup from the base model all the way to the scorching ZR1 supercar. First and foremost is the introduction of the Grand Sport Model, which returns for 2010 with widebody...
Ralph Hanson -
Official: Penske Automotive agrees to buy SaturnGeneral Motors and Penske Automotive Group today confirmed details of a proposed transaction under which Penske would acquire the Saturn brand. If completed, the deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the U.S., as well as preserving the brand...
Viknesh Vijayenthiran -
Dick Cheney: Bush didn’t want to be the one to ”pull the plug” on GMEarlier this week General Motors formerly announced that it had filed for chapter 11 bankruptcy but the truth of the matter is that the struggling automaker’s downfall was predicted years ago and it has only managed to survive up until now on the back of government handouts. According to...
James Martinez -
Report: Penske most likely to acquire Saturn, announcement expected soonGM has picked Penske Automotive Group as the buyer for Saturn. Click here for all the details. GM's preparations for bankruptcy means the company is looking to sell as many of its 'bad' assets as possible in order to raise capital and streamline operations. One of these is the Saturn brand, which...
James Martinez -
Holden designing Cruze-based hatch for global marketsFrom the onset Chevrolet’s new Cruze compact sedan was designed as a global model. Today it’s already on sale in Asia, Europe and Australia and eventually it will be gracing showrooms here in the U.S., though there is still a wait of more than a year until that happens. As a global...
Jeremy Weber