GM

  • Chrysler and GM Detroit headquarters

    If asked whether General Motors or Chrysler were in a better financial position, many of us would conclude that GM looks better. However, Chrysler's chief financial officer Ron Kolka has come out boasting that Chrysler, "on a pure-business basis," is more viable. The reasoning behind the claims is that Chrysler needs fewer sales to become profitable and repay its federal loans, which amount to around $4 billion at the moment. GM didn't respond directly to the claims made by Kolka, instead choosing to highlight the steps that company was taking towards achieving long-term viability. Chrysler...

  • Chevrolet Volt production prototype platform
    GM already working on second and third-gen plug-in hybrid technology

    GM has already sunk $750 million into the development of the upcoming Chevrolet Volt plug-in hybrid and resigned itself to the fact that the car won't be profitable for several years, but that hasn't stopped the company from starting development on the second and third generations of the car's...

  • GM CEO Rick Wagoner
    GM open to idea of higher fuel taxes

    In a surprise turnaround, General Motors CEO Rick Wagoner has suggested that an increase on federal fuel taxes in the U.S. was an idea "worthy of consideration". Wagoner said that guaranteeing a minimum price of $4 a gallon on petrol, an idea proposed by AutoNation car dealership boss Michael...

  • GM CEO Rick Wagoner
    Wagoner admits pre-planned bankruptcy "could work"

    Both General Motors and Chrysler are fearful a bankruptcy would kill whatever consumer confidence the ailing Detroit carmakers may have left but in the latest twist of the saddening U.S. auto industry saga the CEO of GM has revealed that a pre-planned bankruptcy "could work". Rick Wagoner insists...

  • 2009 Chevrolet Traverse
    GM recalls more than 270,000 vehicles due to faulty shifter

    With all the financial strife General Motors finds itself in, the last thing it needs are product recalls bringing into doubt the quality of its vehicles. Unfortunately for GM, a product recall is just what the company was forced to issue, and with more than 270,000 vehicles across the country...

  • Ford VP Joe Hinrichs at the Oakville, Ontario plant
    Ford, Chrysler say GM should get more out of CAW

    Ford is projecting the strongest image of the Detroit 3 at the moment due to its refusal to seek government loans, but it says the deal General Motors and the CAW reached won't be good enough to keep Ford competitive in Canada. GM, on the other hand, seems pleased with its deal, and has announced...

  • 2009 Opel Insignia

    Earlier this week a report emerged naming Buick the new gateway for Opel’s European models into the U.S. now that the future of Saturn is looking grim. The star in Opel’s crown, the 2009 Insignia sedan, is already on sale in Chinese markets as the Buick Regal but an insider at General Motors recently said the Insignia would also be sold in the U.S. The car was already confirmed to replace the Saturn Aura later this year, making its import as a Buick Regal completely plausible, however, there is one major stumbling block. The Insignia is based on the same FWD ‘Epsilon...

  • 2009 Opel Insignia
    Merkel reluctant to help Opel, but dealers rallying to buy stake

    General Motors, like a lot of other carmakers, is having a tough time lately - some might say tougher than most. Opel, GM's German subsidiary, and Vauxhall, Opel's UK-based doppelganger, are taking it on the chin as well. Today German Chancellor Angela Merkel announced the government would be...

  • 2010 chevrolet camaro oe accessories 002
    Chevy reveals factory Camaro accessories

    From audio systems and ambient lighting to body kits and gauge packages, the new 2010 Chevrolet Camaro already has a huge range of accessories available. General Motors let loose the original equipment extravaganza on its website today, trying to build up excitement for the launch of the all-new...

  • 2009 Opel Insignia
    Opel models headed to U.S. as Buicks

    Opel and Saturn have always had a close affinity, with a number of popular models like the Vectra and Astra sold under both labels with barely any changes except for the badge located on the grille. However, with the future of Saturn looking grim, Buick is set to become the gateway for...

  • 2011 Chevrolet Volt test mule
    Chevrolet Volt driving day planned for Obama’s auto industry task force

    They did it in the nation’s capital at the first round of viability meetings and tomorrow in Detroit government officials will once again be able to drive a prototype for the upcoming Chevrolet Volt plug-in hybrid. This time around the officials will include the Obama administration’s...

  • Capitol Hill
    GOP senators John McCain and Richard Shelby want bankruptcy for GM and Chrysler

    Former presidential candidate John McCain, as well as fellow republican senator Richard Shelby, both believe that General Motors and Chrysler should go into bankruptcy rather than taking American tax dollars to prop themselves up. McCain is opposed to both the Wall Street bailout and the automotive...

  • opel insignia01

    Saturn is expected to go its own way, Pontiac is being pared down, Hummer is up for sale and Saab has already announced it will be seeking independence. General Motors' brand hemorrhage continued last week with the announcement that Opel will be spun off from the brand as well, with a potential cost of thousands of jobs and billions of dollars. The carmaker's European branch says it will run out of money within three months without government support. Now Germany has expressed frustration with Opel thanks to a 217-page glossy brochure offered to the government in place of a viable business...

  • 2009 Pontiac G8 GXP
    400hp for $35,000: Pontiac G8 GXP and Dodge Charger SRT8 after incentives

    Whoever said the muscle car era was dead and gone? Right now you can drive away with more than 400hp (298kW) under the hood for around $35,000. The poor state of the economy is taking its toll on vehicle sales (GM just posted its worst sales figures since 1967 in February) but this is also having a...

  • GM American flag
    GM auditors have 'substantial doubt' about the company's survival

    Once again General Motors is issuing a warning that it may run out of cash. How, you might wonder, considering the billions in taxpayer dollars that have already been pumped into the company? It's unfortunately very simple: GM is still playing catchup with its debt, and all the money spent so far...

  • GM vice chairman Bob Lutz
    Bob Lutz: Saab and Volvo should merge

    Swedish carmakers Saab and Volvo are in a similar predicament. One is owned by struggling Detroit carmaker General Motors and the other by Ford, and both are being spun-off from their respective parent companies in light of significant losses over the past couple of years. For Saab, GM simply cut...

  • 2009 Pontiac Torrent SUV
    Pontiac axes Torrent SUV, shifts focus to cars

    General Motors has confirmed that Pontiac's struggling Torrent SUV will be canned this week due to poor sales and a need to remarket the brand as a lineup that specializes in cars. The news comes from the company’s North American vice-president of Buick, Pontiac and GMC, Susan Docherty, who...

  • GM's troubled Saturn brand is emblematic of the struggle with inventory
    Parts shortages could delay GM’s plan to offer 26 hybrids by 2014

    General Motors ambitious viability plan announced a fortnight ago called for up to $16.6 billion in additional aid and the reduction of more than 47,000 jobs across the company’s global resources, but there was another major announcement in the plan that went largely unnoticed. GM also...

  • 2010 Chevrolet Camaro Indianapolis 500 Official Pace Car

    The Indianapolis Motor Speedway (IMS) has selected the all-new 2010 Chevrolet Camaro to star as the official pace car in the 93rd running of the Indy 500 on Sunday, May 24. The new Camaro Pace Car was unveiled during a ceremony at the IMS Hall of Fame Museum with the organization’s president Joie Chitwood presenting the car along with Indianapolis 500 winners Johnny Rutherford, Al Unser Jr. and Eddie Cheever Jr. The Chevy Camaro first paced the Indianapolis 500 in 1967 and to this day is still regarded as one of the most loved official pace cars of all times. This year marks the fifth...

  • 2009 Holden Cruze sedan
    Cruze global sedan launches in Australia, U.S. debut more than a year away

    Holden has given us a preview of its future small car plans with the unveiling of its own version of the Cruze compact sedan at the Melbourne Motor Show today. As most of you would know, the Cruze is General Motors’ new global small car and has already been launched in South Korea. The Aussie...

  • The recently-unveiled Saab 9-3X
    Saab forced to halt production

    Earlier this week Saab announced its independence from General Motors with optimism, but today the carmaker has been forced by Sweden's Customs Office to cease production and delivery of cars because it hasn't paid the required fees. The Trollhattan plant has stopped production temporarily, though...

  • GM and Chrysler logos
    Chrysler still sees GM merger as best bet

    Desperate times call for desperate measures and at Chrysler it appears every option is on the table. The Auburn Hills carmaker has been tied with at least five major carmakers in the past six months, even coming close to a merger with Detroit rival General Motors. While such a move may seem a...

  • 2010 Chevrolet Camaro SS
    Camaro SS and Corvette ZR1 are safe despite disbanding of GM performance division

    Yesterday’s grim news that General Motors had decided to pull the plug on its High Performance Vehicle Operations (HPVO) caused shockwaves around performance circles, with many believing some of the company’s top sports cars, both current and future, could meet their demise. The HPVO is...

  • 2009 Cadillac CTS-V
    GM disbands High Performance Vehicle Operations

    In what may come as a surprise to many, General Motors has decided to disband its High Performance Vehicle Operations (HPVO) as it seeks to reduce costs and focus on mainstream products. The go-fast center consisted of a small skunk works of GM engineers who worked in the company’s suburban...

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