GM

  • 2010 Chevrolet Equinox

    Before 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 scheduled to start last November. Rapidly declining sales and an inevitable bankruptcy, however, has caused GM to readjust its plans. The biggest change is the sale of the Saturn brand to the Penske Automotive Group. As for the hybrid vehicles, GM has already confirmed that the technology for the...

  • Meet the new GM...not quite the same as the old GM
    Ed Whitacre to be named chairman of New GM

    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...

  • U.S. Capitol Hill
    Republicans and Democrats blame each other for GM collapse

    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...

  • gm global battery systems lab 001
    GM opens advanced battery lab in Michigan

    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...

  • 2009 Chevrolet Corvette Coupe
    Chevrolet Corvette sees $365 price rise for 2010

    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...

  • 2008 Saturn Astra
    Official: Penske Automotive agrees to buy Saturn

    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...

  • Rick Wagoner Alan Mulally George Bush

    Earlier 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 latest comments from former vice president Dick Cheney, the Bush administration was well aware of GM’s troubles and knew the automaker should have entered bankruptcy back when it was in power but decided to let the issue slide until after a new president was sworn in. During an interview on Fox...

  • 2008 Saturn Astra
    Report: Penske most likely to acquire Saturn, announcement expected soon

    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...

  • 2011 Chevrolet Cruze
    Holden designing Cruze-based hatch for global markets

    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...

  • 2009 Saturn Redline
    GM has 16 suitors for Saturn, no final decision in sight

    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...

  • 2010 Opel Astra
    Opel’s new owner won’t be able to sell cars in U.S. or China

    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...

  • Meet the new GM...not quite the same as the old GM
    GM appoints Detroit turnaround expert Al Koch to oversee bad assets

    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...

  • GM American flag

    General Motors today announced that it has filed for Chapter 11 bankruptcy following an agreement reached with the U.S. Treasury and the governments of Canada and Ontario to accelerate its reinvention and create a leaner and stronger "New GM". The filing is the third-largest in U.S. history and the largest-ever U.S. manufacturing bankruptcy, and involves up to $172.81 billion in debts. If all goes to plan, the New GM is expected to launch in about 60 to 90 days as a separate and independent company from the current GM, with two distinct advantages: it will be built from only GM's best brands...

  • 2008 Chevrolet Malibu Hybrid
    Chevrolet Malibu Hybrid gets the axe

    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...

  • GM Detroit headquarters
    U.S. government pledges $30 billion in GM bankruptcy financing

    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...

  • Hummer H2 SUT
    Report: GM may announce Hummer sale tomorrow

    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...

  • Chevy Spark concept
    GM reveals plan to build new small car at idled assembly plant in U.S.

    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...

  • 1963 Harley Earl Chevrolet Corvette Convertible
    Harley Earl's personal 1963 Corvette for sale by Mecum Auctions

    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...

  • 2009 Opel Insignia

    The future of General Motors’ European division Opel will soon be a lot clearer as a buyer for the brand is expected to be announced within the next week. Up until now, one of the leading bidders for the brand was Fiat but today it has been revealed that the Italian auto giant has walked away from negotiations due to the “extravagant risks” such a deal would pose to it. At the same time, rival bidder Magna International has also voiced reservations about the bidding process. Fiat skipped talks in Germany today where it was meant to meet with GM and the local government. The...

  • Mark Stielow  LS9-powered 1969 Chevrolet Camaro
    GM engineer drops Corvette ZR1 supercharged LS9 into '69 Chevrolet Camaro

    For many auto enthusiasts, the golden age of automotive styling was during 1960s, when designers had virtual free reign on their designs and didn't have to worry about aerodynamics, pedestrian crumple zones and other such ‘nuisances’. At the same time, the ‘60s could hardly be...

  • Bob Lutz
    Bob Lutz: GM won't abandon sports cars, pickups and SUVs

    General Motors' vice-chairman Bob Lutz has revealed what the future holds for the struggling carmaker, reassuring the press that despite an impending bankruptcy the firm will emerge as a "powerhouse" in the auto industry and that it will still produce the types of vehicles that are largely blamed...

  • Meet the new GM...not quite the same as the old GM
    GM bondholders agree to take 25% of new company, U.S. Treasury gets 72.5% ownership

    As General Motors prepares for a bankruptcy announcement on June 1, the U.S. Treasury is helping to pave the way by releasing a new deal that leaves GM's bondholders with 25% of the restructured company, and the government as a 72.5% 'inactive' stakeholder. Winning the support of the bondholders...

  • 2009 Saturn Redline
    Telesto Ventures forms new advisory team as bidding for Saturn intensifies

    We’ve heard a lot about Roger Penske and his plans to acquire the Saturn brand from General Motors and use it to start selling vehicles sourced from carmakers overseas. Last week Penske announced that his company hired ex-Chrysler president Tom LaSorda to advise on the bidding process, and...

  • 2010 Cadillac SRX
    Cadillac SRX goes on sale this summer, priced from $34,155

    Cadillac’s North American model lineup is about to expand with the addition of two exciting new models: the 2010 model year SRX crossover and CTS Sport Wagon. The first model to go on sale will be the SRX, which Cadillac has confirmed today will be priced from $34,155 when it arrives in...

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