GM

  • A UAW worker assembling a Hummer H3T

    In a hugely positive step for General Motors, the carmaker, together with the U.S. Treasury and United Auto Workers (UAW), reached a tentative bargain on how they'll deal with changes to the current agreement in the face of the industry's problems and GM's increasingly probably bankruptcy. The details of the deal are being kept quiet until local unions ratify it later this week but a new report claims the outcome will see GM swap some equity with the UAW for its debts. The Wall Street Journal reported today that the UAW's trust fund for retiree health care would get a 17.5% stake in a...

  • Official 2011 Camaro Convertible concept
    March 2011 launch for Chevrolet Camaro Convertible

    Following a lrecent report that GM’s plans for a high-performance Camaro Z28 had been canceled and the Camaro Convertible was on hold, comes a little good news but also some bad. The good news is that the Convertible is back on track for a March 2011 launch, while the bad news – you...

  • GM American flag
    GM receives additional $4 billion in Treasury loans

    General Motors received an additional $4 billion in loans from the U.S. Treasury late on Friday, while also reaching a cost-cutting agreement with the Canadian Auto Workers union ahead of a rumored Chapter 11 bankruptcy filing expected next week. This is in addition to the $19.4 billion already...

  • Opel logo
    German governor says Magna is best choice for Opel

    The contents of the bids for purchase of Opel submitted by Fiat, Magna and Ripplewood Holdings on Wednesday - and BAIC on Thursday - haven't yet been disclosed, but today the governor of the German state where Opel is headquartered said he thinks Magna's plan is the best for Opel. Though Hesse...

  • GMAC Logo
    U.S. Treasury invests $7.5 billion in GMAC

    As the economy and car market continue to stagnate, it's becoming increasingly obvious that the bailout funds already paid to industry players like General Motors, Chrysler, and their financing arm GMAC, were just the tip of the iceberg. Today the Obama administration proved that point by handing...

  • 2009 Mitsubishi Galant
    Report: Mitsubishi could become new Saturn supplier

    With confirmation Saturn is up for sale coming from General Motors earlier this month, a number of potential investors and buyers have come out of the woodwork recently and confirmed interest in the struggling brand. Two main groups include investment firm Telesto Ventures and Roger Penske’s...

  • Toyota Camry Hybrid

    As General Motors peers over the brink of the abyss into a future that very likely holds a bankruptcy, the hits just keep coming. Today industry forecasters revealed that Toyota will pass GM in U.S. market share by 2010 at current rates, while Ford will push past the General in North American production by the end of 2009. The double whammy means GM will have to struggle even harder not just to recover what it's lost but to maintain what it has. As things sit, IHS Global Insight puts GM's U.S. market share at 19.2%, down 2.7%, while Toyota's is down just 0.3% to 16.1%, according to an...

  • GM Zeta RWD plaform
    Holden engineering lighter and more fuel-efficient RWD Zeta platform

    General Motors’ RWD Zeta platform was pioneered in Australia for the locally built Holden Commodore sedan but right from the start Detroit had global intentions for the design. Today, Zeta running gear can be found in models sold in China, South Korea, the UK, and in North America, but GM has...

  • The 2010 Camaro in Bumblebee guise
    Report: GM planning ‘Bumblebee’ Camaro to coincide with Transformers 2 movie launch

    With the sequel to last year’s Transformers hit – Revenge of the Fallen - set to open across cinemas in the U.S. on June 24, Chevrolet is reportedly planning to start production of a new special edition Camaro based on the ‘Bumblebee’ version that very same day. Expected to...

  • 2009 Saab 9X Air Concept
    GM ties with Saab will remain in future models

    The future of Saab is starting to look much brighter, thanks in part to important concessions from General Motors to help it build and design its own range of cars in the future, as well as a likely extension from Swedish courts for its restructuring deadline. For a while it looked as though Saab...

  • 2009 Cadillac CTS
    Cadillac tops brand satisfaction survey for the second year running

    In today's competitive market building reliable cars that customers are satisfied with is the key to improving sales and maintaining market share. A number of companies conduct vehicle satisfaction surveys to offer consumers a comparison between brands and specific models, and one of the most...

  • 2010 Opel Astra
    Report: Magna considers using Opel to build cars for other brands

    Bidding for General Motors’ Opel division has intensified recently, with the German government revealing late last week that only two parties remain in the bidding war – Fiat and Magna International (together with Russia’s GAZ Group). While it’s been speculated that Fiat is...

  • 2009 Opel Insignia

    Less than 24 hours after GM CEO Fritz Henderson announced that a new buyer for Opel would be picked by the end of this month, Russia’s GAZ Group has confirmed that it would be interested in creating a joint venture with Magna International and Opel. Magna, as previously reported, is competing with Fiat for GM’s European operations but is only seeking a minority share of about 20%. Unlike Fiat and Magna, however, GAZ has substantial debts so its role in any takeover of Opel would be limited. In an official statement, GAZ said it would be responsible for manufacturing Opel passenger...

  • GM OnStar
    GM's OnStar will automatically give 911 services your location in emergency situation

    General Motors' OnStar in-car information service can already automatically slow down a stolen vehicle, as well as monitor traffic situations in real time. Now, GM has upgraded the functionality of OnStar to electronically transmit a vehicle’s precise longitude and latitude co-ordinates...

  • Opel Insignia Coupe GTC preview rendering
    Preview: Opel Insignia 'GTC' Coupe

    We’ve already seen Opel expand its Insignia lineup with the Hatchback and Sports Tourer, as well as the more recent OPC performance variant, but there’s one more model in the works that’s destined to be the most exciting and extreme. The model in question is a new coupe variant...

  • Jeep Wrangler Rubicon
    Chrysler resale values down 6% in a week as uncertainty rules the day

    It's simple math: carmaker plus bankruptcy equals uncertainty and lower resale values. But Chrysler owners are feeling the bite of that equation as the value of their vehicles dropped 6% on average in a single week. In the week after Chrysler filed for Chapter 11 bankruptcy protection, owners of...

  • The Chevy Aveo is already built in Mexico
    As GM rebuilds itself, it will build more cars overseas

    It's an old story, one that's been told with increasing regularity since the end of World War II. Jobs are moving overseas. Today, it's General Motors that will be shifting more of its production elsewhere as part of its restructuring plan. Lower wages, lower production costs, cheaper plant...

  • 2008 Cadillac STS-V
    Cadillac STS-V and Pontiac G6 GXP absent from 2010 GM lineup

    General Motors is trimming its model lineup to get rid of its underperforming sport models across all its brands. Just yesterday, it was revealed that Chevrolet will no longer offer the Impala SS variant for 2010, nor will it offer the 2010 Cobalt SS sedan. Following in the footsteps of these two...

  • 2011 Chevrolet Volt

    The much anticipated Chevrolet Volt, the car pegged with rescuing GM from impending financial doom, is about to start the next phase of testing despite threats of bankruptcy looming on the horizon. Development work on the Volt is continuing uninterrupted and the first fleet of prototypes with actual Volt bodies and interiors will begin testing by the middle of the year. Until now GM had been using Chevrolet Cruze bodies to test the upcoming Volt powertrain. At the moment, the car is slated to hit dealerships in late 2010 and this goal appears to be on track. "At this point in time, I know of...

  • Artisan Performance and Turbochargers.com 600hp 2010 Chevrolet Camaro SS
    Artisan dials up 600hp from Camaro SS with new twin-turbo kit

    Hot on the heels of the 800hp (597kW) tuned Camaro from Lingenfelter comes another hotted up version of the rejuvenated muscle car that's set to do battle on the black top this June. The latest tuned Camaro is based on the range-topping SS and picks up a pair of GTK350 turbochargers for an...

  • 2010 Chevrolet Camaro V6
    GM issues first recall for Chevrolet Camaro

    GM's much awaited 2010 Chevrolet Camaro has only been on dealership floors for a few weeks but the car has already suffered its first recall due to an exposed power cable. The issue lies in the V8 Camaro's battery, which in some cars has been experiencing short circuits due to the exposed cable...

  • Fiat and Opel logos
    Report: GM wants 30% stake in possible joint Opel-Fiat company

    The landscape of the automotive industry is changing, and before things are done, the changes may be massive. Already Fiat and Chrysler are forging an alliance, and Fiat is also going after part of Opel. Now a source says General Motors wants a piece of any merged Fiat-Opel operation that might...

  • 2004 Opel Trixx Concept
    Opel planning electric city car based on Trixx concept

    Despite its financial woes on the back of General Motors’ money troubles, Opel is still working on developing its own new models and technologies, including what could prove to be the European division’s first all-electric vehicle. While it’s long been anticipated that Opel would...

  • GM Detroit headquarters
    GM posts $6 billion first quarter loss

    GM is now less than a month away from its June 1 restructuring deadline imposed by President Obama’s auto industry task force, but any signs that it’s on the path to becoming viable may be a little hard to find considering the carmaker has just announced a $6 billion loss for the first...

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