GM Won’t Pay Back $10 Billion Bailout Loss, Says Akerson
18 Dec 2013, 12:44 UTC · By: Ciprian Florea / General Motors won’t be covering the $10 billion the US government lost on the Detroit manufacturer’s bailout, chairman and CEO Dan Akerson said earlier this week. GM’s outgoin...
GM to Cut 6,000 Jobs in South Korea as Chevrolet Withdraws from Europe
17 Dec 2013, 16:26 UTC · By: Ciprian Florea / General Motors has announced plans to launch a “voluntary retirement” scheme for about 6,000 workers in South Korea by March next year, as part of the company’s “ongoing effo...
2015 Chevrolet Colorado Will Become Available in 10 Colors
17 Dec 2013, 13:17 UTC · By: Ciprian Florea / The brand new 2015 Chevrolet Colorado midsize pickup truck will go on sale with a choice of nine exterior colors, with a tenth color to be added to its palette after the launch occurs next year. ...
GM to Invest $1.3 Billion in US Plant Upgrades
17 Dec 2013, 10:20 UTC · By: Ciprian Florea / General Motors will invest nearly $1.3 billion in five manufacturing facilities across the United States, the Detroit-based automaker announced today. The investments will fund production of a ne...
GM to Launch New EV in 2016
16 Dec 2013, 10:22 UTC · By: Ciprian Florea / General Motors is planning to introduce a brand new electric in 2016, alongside the next-generation Chevrolet Volt which is scheduled to arrive the same year. According to Business Week, GM wants...
Holden Commodore to Live On as China-built FWD Sedan?
15 Dec 2013, 10:26 UTC · By: Ciprian Florea / Earlier this week, General Motors confirmed it will shut down all manufacturing operations in Australia by 2017, with Holden scheduled to become an importer for Chevrolet. Detroit has yet to anno...
Holden Not Leaving Australia, Could Sell Rebadged Chevys
13 Dec 2013, 10:39 UTC · By: Ciprian Florea / Although General Motors will shut down all manufacturing operations in Australia by 2017, the iconic Holden brand won’t disappear altogether, claims chairman and managing director Mike Devereu...
General Motors Selling PSA Peugeot Citroen Stake
13 Dec 2013, 10:05 UTC · By: Ciprian Florea / General Motors is selling its entire seven percent stake of almost 25 million shares in PSA Peugeot Citroen through a private placement to institutional investors, the Detroit-based company announce...
Former Chevrolet Vice President Brent Dewar Appointed As NASCAR COO
12 Dec 2013, 10:20 UTC · By: Ciprian Florea / NASCAR has appointed former Chevrolet executive Brent Dewar as its new Chief Operating Officer (COO), the association announced earlier this week. Brought in to strengthen NASCAR’s executiv...
Bob Lutz Joins Katzkin as Senior Advisor
11 Dec 2013, 10:32 UTC · By: Ciprian Florea / Bob Lutz, former chairman of General Motors North America, has been appointed as Senior Advisor by vehicle interior customization specialist Katzkin, the California-based company announced yesterday...
GM to Shut Down Holden Australia by 2017
11 Dec 2013, 09:29 UTC · By: Ciprian Florea / There’s been a lot of talk about Holden being shut down in Australia since General Motors announced it will be withdrawing most of its Chevrolet operations from Europe. Unfortunately, the rece...
Mary Barra Named GM CEO, Becomes First Female to Lead a Global Automaker
10 Dec 2013, 15:54 UTC · By: Ciprian Florea / General Motors has announced that Mary Barra, the manufacturer’s current vice president of Global Product Development, Purchasing and Supply Chain, will become the company’s next CEO, re...
US Government Sells Final GM Stock, Loses $10 Billion
10 Dec 2013, 10:28 UTC · By: Ciprian Florea / The Treasury Department has sold off the last of its remaining shares in General Motors, recovering only $39 billion of the $49.6 billion it spent to save the Detroit manufacturer in 2009, costing t...
GM Stock Hits All-Time High at $40.17
9 Dec 2013, 14:50 UTC · By: Ciprian Florea / General Motors stock price hit an all-time high on Friday, topping $40 a share for the first time since the Detroit-based manufacturer went public in 2010. GM shares rose 2.8 percent to $40.17 as...
GM to Expand Cadillac in Europe
9 Dec 2013, 13:16 UTC · By: Ciprian Florea / General Motors has announced plans to expand the Cadillac brand in Europe over the next three years. The Detroit based company says it will enhance its distribution network and introduce numerous ne...
GM to Become First US Automaker to Generate Its Own Electricity
6 Dec 2013, 10:43 UTC · By: Ciprian Florea / General Motors has announced it will invest no less than $24 million in electrical generation equipment that will allow the automaker to use more landfill gas at its assembly plants in Fort Wayne (I...
GM to Drop Chevrolet Brand from Europe by 2016
5 Dec 2013, 14:47 UTC · By: Ciprian Florea / General Motors has announced plans to drop Chevrolet as a mainstream brand in Europe by the end of 2015 in an attempt to revive struggling German manufacturer Opel and its British-based Vauxhall div...
GM Sales Up 14 Percent in November
4 Dec 2013, 10:16 UTC · By: Ciprian Florea / General Motors has delivered 212,060 vehicles in the United States in November, an increase of 13.7 percent compared to the same month last year and the highest November sales in six years. The G...
2015 Chevrolet Tahoe, Suburban Walkaround
3 Dec 2013, 14:56 UTC · By: Ciprian Florea / General Motors has released a couple of videos walkarounds for the 2015 Chevrolet Tahoe and Suburban, in which the people who designed the brand new SUVs discuss how the large vehicles are “mo...
Detroit’s Former Packard Plant to Become Go-Kart Track
2 Dec 2013, 16:26 UTC · By: Ciprian Florea / The abandoned factory that used to produce Packard luxury automobiles in Detroit, Michigan until the 1950s will host an upscale go-kart racing track. But only if Fernando Palazuelo, a prospective bu...