GM

The 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...

Even 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...

General 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...

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...

Building 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...

A bit over a week into GM's bankruptcy and we're starting to see announcements that mirror those made by Chrysler about a month ago. Today's is the naming of the post-reorganization chairman of GM, Edward E. Whitacre Jr. The appointment of a new chairman, to take the place of GM's interim chairman...

The 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...

Despite 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...

Chevrolet 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...

General 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...

GM 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...

From 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...

General Motors is proceeding to the next step with respect to the sale of Saturn, confirming this week that it’s in talks with up to 16 potential buyers and that it will look to secure an agreement with a specific group by the end of the year. Speaking at a press conference yesterday, GM...

Earlier this week Opel managed to secure a $2.1 billion bridge financing package from the German government to keep itself operating until ownership is transferred from GM to another investor. This new investor will be Canada’s Magna International, which together with Russian bank Sherbank...

In times of trouble, companies need a solid leader to help turn their fortunes around. You only need to look at what Fiat has achieved in the past few years with Sergio Marchionne at the helm to understand the benefit of appointing a turnaround expert. To help facilitate GM's turnaround, the...

While most automakers are scrambling to add hybrids and other alternatively-fueled models to their lineups, General Motors is getting rid of a couple of struggling hybrids currently residing in its range of cars - the Chevrolet Malibu Hybrid and the Saturn Vue Hybrid. The move comes as a greater...

It's been expected for a long time but it finally appears as though General Motors’ bankruptcy is upon us, and with it the federal government is set to bring the struggling automaker out of its eventual Chapter 11 filing with over $30 billion in financing. The news comes from White House...

General Motors confirmed the sale of its Hummer brand last August and followed up the announcement with the release of an official document for potential buyers just one month later. Poor sales, growing public concern for the environment and the recession have all added up to weaken Hummer's sales...

In an atypically cryptic press release, General Motors today announced that it will be building a new small car at an unnamed idled UAW-staffed assembly plant here in the U.S. The new vehicle will be in addition to the already-planned 2011 Chevrolet Volt and Cruze, but it's not yet known which...

Harley Earl, the father of the Corvette and so many other seminal General Motors classics, was a pioneer in the field of automotive design. His personal 1963 Corvette reflects that spirit, and now that it's up for auction, Corvette collectors around the world are paying attention. Built...