General Motors
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Tough CAFE standards, even tougher economic conditions and high oil prices have conspired to lay the ultra-luxury Cadillac XLS and its V12 engine to rest. Never officially confirmed for production, there had been rumors that it was being worked on internally. At the same time, Cadillac's on-again, off-again DTS/STS replacement, though on hold, is still being considered. The now-defunct XLS was expected to take cues from the even more extravagant Cadillac Sixteen concept car (pictured), which was shown in 2003. The XLS had been envisioned as the halo model to rally Cadillac's return to the top...
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Video: in-depth interview with GM CEO Rick WagonerThe automotive industry's current period of upheaval is perceived from within by many industry heads as merely the prologue to a bright future. Rick Wagoner is certainly a member of that camp, and this hour-long interview by Charlie Rose draws out that optimism, and the reasons Wagoner feels it's...
Nelson Ireson -
C7 Corvette ZR-1 to be twin-turbo V6?The new king of General Motors' lineup, the Corvette ZR-1, has barely begun making the official press rounds but already insiders are talking about the next-generation version of the car, expected to be based on the as-yet unrevealed C7 Corvette. Definite information is at a premium, but...
Nelson Ireson -
GM increases warranty coverage for used carsIn an effort to help salvage the residual values of its fleet of certified used cars, General Motors is adding new warranty coverage. Good for twelve months or 12,000mi (19,200km) from the time of purchase, the new warranty covers the used cars bumper-to-bumper. The costs of the program should be...
Nelson Ireson -
Budget cuts spell end for GM Style eventKicking off the North American International Auto Show (NAIAS) - one of the most important car shows of the year - with its own 'Style event', populated with celebrities, haute couture and hot cars, has only been part of General Motors' pre-show routine for two years but it is already coming to an...
Nelson Ireson -
Rossi 66 concept re-bodies C6 'Vette with stylized C2 sheet metalTaking inspiration from an old design and applying it to a new chassis is nothing new in the automotive world - one need only look to the new Camaro, Challenger and even the Mustang for prime examples. But the combination of C2 corvette body and C6 Corvette chassis envisioned by a company called...
Nelson Ireson -
General Motors’ Opel division is working on two new plug-in hybrid vehicles based on the same E-Flex architecture that’s set to debut in the Chevrolet Volt, but the Chevy will also make it to Europe, although not until late 2011. The car will initially be sold as an Opel but will eventually switch back to a Chevrolet once GM releases several other E-Flex vehicles. Part of the reasoning is the expected high initial price tag for the Volt. Chevrolet, which is still establishing itself in much of Europe, is seen as a budget brand. Selling the Volt as an Opel, on the other hand, will...
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Mahindra, Changfeng both turn down chance to buy HummerGeneral Motors' Hummer brand has seen sales fall to barely one-third of last year's figures, and the company has reportedly been shopping the nameplate around for some time. Today word of failed talks with China's Changfeng and a statement of disinterest by India's Mahindra & Mahindra (M&M) have...
Nelson Ireson -
GM remains open to Proton tie-upMalaysian carmaker Proton has been linked with a number of international carmakers including the likes of General Motors, Volkswagen, and PSA Peugeot-Citroen for the past several years over the possibility of a tie-up. However, in June of last year, the carmaker with the best chance of securing a...
Alex Kaufmann -
Opel Insignia 'Sports Tourer' to join hatch & sedan at Paris Motor ShowUpdate: The much-anticipated Opel Insignia will debut a new station wagon variant at this October’s Paris Motor Show, where it will join the previous sedan and hatchback versions of the upcoming car. Dubbed the 'Opel Insignia Sports Tourer,' the new station wagon carries the stylish design of...
Alex Kaufmann -
2008 U.S. fuel efficiency sets new industry recordA report released today by the National Highway Traffic Safety Administration (NHTSA) reveals that the vehicles produced during the first half of 2008 have set the record for the most fuel efficient to date. Including both cars and light trucks (meaning both pickups and SUVs), the national average...
Nelson Ireson -
GM expands XFE line to include SUVs and pickupsGeneral Motors is building on the segment-leading fuel economy of its full-size pickups and SUVs with new XFE (eXtra Fuel Economy) versions of its 2009 Chevy Silverado, Chevy Tahoe, GMC Sierra and GMC Yukon models. Following on the success of the carmaker’s first XFE model, the Chevrolet...
Viknesh Vijayenthiran -
Update: While some may doubt the likelihood of General Motors' upcoming Chevrolet Volt appearing on time, the carmaker’s engineers and designers don’t seem to have the same qualms. In a video for ABC news, GM's exterior design executive director Michael Simcoe gave a preview of the upcoming car by revealing part of a completed clay model. The clay model shows that designers have stayed true to the original concept, with some minor cosmetic changes to the front grille. These changes include a modified headlight cluster, with an indent on the bottom-middle section of the headlights...
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GM settles shareholder lawsuit for $277 millionThe end to a lawsuit filed against General Motors by a German bank in 2006 is drawing near, as the carmaker prepares to pay out $277 million as a settlement. The payout will no doubt be felt dearly at GM, but it's equally likely that the decision to settle is financially preferable to litigating...
Nelson Ireson -
Chevrolet begins Aveo production at new plant in MexicoIn an effort to ramp up availability of its small cars for the North American market, General Motors has officially started production at its San Luis Potosi complex in Mexico. The plant will be building the Daewoo-based Aveo (Aveo5 model pictured)for sale throughout the continent. The plant...
Nelson Ireson -
Transformers Corvette reportedly GM's Centennial ConceptFor weeks rumors about the Corvette-like car appearing in behind-the-scenes shots of the new Transformers: Revenge Of The Fallen movie have been circulating. No one has known for sure what the car is, but the latest report indicates it's a Corvette Centennial Design Concept due for debut early next...
Nelson Ireson -
Saab to announce $365 million loss for 2007Though the report is still unofficial, Saab is believed to have posted a $365 million loss for 2007. The company is framing the result as an improvement on its figures for 2006, especially since the loss from operations in 2007 was smaller than the preceding year in spite of sales being down 7,800...
Nelson Ireson -
2011 launch date for European Chevrolet VoltUpdated: General Motors’ Opel division is working on two new plug-in hybrid vehicles based on the same E-Flex architecture that’s set to debut in the Chevrolet Volt, but the Chevy will also make it to Europe, although not until late 2011. In his latest post on a GM blog, Carl Peter...
Kenneth Hall -
The rest of the SUV market is screeching to a halt, but Indian manufacturer Mahindra & Mahindra wants to bring a whole new line of the vehicles to America. The company is developing a network of around 300 dealerships across the U.S. to sell the vehicles, with a $125,000 fee being asked from dealerships to become franchisees. While for now the vehicles will be sold under the Mahindra & Mahindra name, there is also the possibility of the company acquiring the rights to another name and using that - with the list of possibilities including Hummer. General Motors, owner of the Hummer name, has...
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Ford and GM in talks to co-develop powertrainsFord and General Motors are reportedly in talks about co-developing new powertrain technologies as the two Detroit giants struggle to reduce costs in the wake of massive losses this year. According to sources at both companies, GM first approached Ford over a month ago and since that time there...
Viknesh Vijayenthiran -
Update: Pontiac G3 likely ruled out for U.S.Update: The Chevrolet Aveo's clone, the Pontiac G3, won't be part of GM's North American lineup, despite already being sold in Canada and Mexico. A Pontiac representative stated that the G3 has not been "approved for U.S. consumption" by General Motors, even though the EPA has already approved it...
James Martinez -
Report: GM in talks with Indian, Chinese and Russian firms over Hummer saleLess than two months after General Motors first announced that its Hummer brand was up for review, reports have emerged claiming the U.S. carmaker is in talks with firms based in India, China and Russia. India’s Mahindra & Mahindra (M&M), which has previously expressed interest in developing...
Siddarth Raja -
GM reports $15.5 billion net loss for Q2 2008General Motors has announced today a $15.5 billion net loss for the second quarter of the year, with declining sales of large pickups and SUVs and $9.1 billion of predominantly non-cash special items largely to blame for the poor result. The other key factors were costs associated with the American...
Alex Kaufmann -
GM planning major company-wide incentivesFollowing from last week’s rushed announcement for an extension of the existing employee discount program to friends and extended family of employees, General Motors has released a new memo to its dealers stating that it plans to offer a $4,000 bonus cash on the purchase of the 2008 GMC Yukon...
Viknesh Vijayenthiran