General Motors

General Motors is currently seeking a buyer for Hummer, is looking to sell a stake in Opel, plans to cut its ties with Saab, and is open to almost anything with Saturn, but despite the drastic moves the auto industry task force established by President Obama is still seeking more. After rejecting...

GM's decline over the course of this year wasn't enough to convince bondholders and the UAW to grant any concessions, but recent reports that the carmaker was in precautionary preparations for filing a Chapter 11 may have galvanized action on the part of the bondholders. Allowing GM to go to...

The continuing downfall of General Motors in recent months has led to some serious scrambling at the carmaker’s subsidiary brands as each struggles to keep its head above water as the ship goes down. We saw it first with Hummer, which GM decided to offload as far back as the middle of last...

As if General Motors' problems weren't already complex enough, the company has now issued a recall on 1,497,516 cars from model years between 1997 and 2003 to fix an issue that could potentially cause an engine fire. The fix, however, is surprisingly simple. The problem is an odd one: under hard...

As General Motors prepares for its June 1 bankruptcy-or-viability deadline, the decision on what to do with Pontiac is sitting on the back burner. In fact, dealers may have to wait until next year to find out what the General has in store. Or so says Susan Docherty, vice president of GM's...

Future may be the F-word at General Motors' Opel, Vauxhall and Saturn brands, but that's not stopping development work from continuing on core vehicles like the Zafira seven-seater. Prepping for release in 2011 or 2012, the new car wears a brand identity that was first previewed with the Flextreme...

General Motors’ cash struggles are widely known by now, but the Detroit carmaker's accountants had found a creative way to produce some income - auctioning off more than 250 new and old production models and concepts that up until now have been admired in the company’s Heritage Museum...

General Motors is reportedly preparing for the worst, with work under way to get the company ready for a possible bankruptcy. Earlier on this month, it was mentioned that a bankruptcy plan to split GM and retain only the most profitable aspects of its operations while ditching the dead weight was...

There are many layers to the deal General Motors has had to accept from Washington. In addition to having 60 days - now down to 51 - to turn things around or face bankruptcy, GM must also convince the government it will remain viable in order to be eligible for $10.3 billion in Department of Energy...

Buick today announced pricing for its 2010 LaCrosse luxury sedan, which will arrive in showrooms in the middle year with a starting price of $27,835 for the base CX model (plus $750 in destination charges). Standard equipment includes a new 3.0L direct-injected V6 driving the front wheels, premium...

General Motors has already been taken over by Toyota as the world's biggest automaker, but the latest reports are predicting that the struggling Detroit giant is set to fall further down the list. In its place will emerge rival European automaker Volkswagen AG, which is expected to become the...

Just days out from the New York Auto Show, General Motors, together with Segway, has unveiled a new type of vehicle that could change the way we move around in cities. Labeled Project P.U.M.A. (Personal Urban Mobility and Accessibility), the vehicle is an electrically powered, two-seat pod that has...

Joining the Yukon Hybrid SUV and Sierra Hybrid Pickup this May is the all-new GMC Yukon Denali Hybrid SUV, which makes its debut this week at the New York Auto Show. The latest addition is an upmarket fullsize SUV that seats eight, tows up to 5,800lb (2,636kg) and according to GM achieves an...

Becoming efficient is GM's key goal right now, both in bringing back its own financial security and at the same time convincing the auto industry task force to provide crucial loans. To achieve this goal, GM will be trying to preserve its global product strategy that helps it reduce costs for model...

Hidden away in General Motors' plans for the next 60 days is a bankruptcy strategy that could see its most successful brands peel off to form a second company, leaving the other brands to languish in bankruptcy for a more extended period. The news comes from an anonymous source within GM via...

When it comes to maximizing fuel savings, a vehicle like the Cadillac Escalade is probably one of the best platforms for a hybrid drivetrain. The SUV’s are big and heavy and are mostly found in and around city suburbs. This means mostly slow traveling speeds and plenty of stop-start...

After the ouster of Rick Wagoner from General Motors' top spot on Sunday, the world has been waiting to see what direction GM will head under its new leadership, Fritz Henderson, the company's COO. Today Henderson held his first press conference as CEO, and took a very clear stance on what will be...

Canada has followed the lead of the U.S. and rejected the respective viability plans of General Motors and Chrysler, claiming the plans do not go far enough in their current form. This means the carmakers may miss out on the initial $3.2 billion in loans pledged in December, though a small portion...

When you're Rick Wagoner, you get a golden parachute even when you're thrown out of the plane. The news today of Wagoner's $20 million retirement package might come as a surprise to some, following so closely on the heels of his Presidential ouster over the weekend. Wagoner won't get the cash all...

The Obama administration auto industry task force has rejected viability plans for General Motors and Chrysler and threatened that both may be forced into bankruptcy unless further sacrifices are made. The task force has consistently stated that its goal is to solve the industry's problems rather...