General Motors

Supercar performance from a 638hp supercharged V8 engine, carbon fiber bodywork and sharp styling should all add up to a price tag in the $200,000+ range if you look to the competition, but the Corvette ZR1's unmatched value put its sticker price at just $104,920 for 2009. That price will be going...

If the rumors are true, General Motors may be in the process of developing a new Buick crossover - with a new two-mode plug-in hybrid engine that should take the alternative fuels fight to its competitors. GM, Daimler, Chrysler and BMW have been jointly developing the two-mode hybrid for some time...

It's easy to look at the bailouts and bankruptcies of General Motors and Chrysler as a big-government bonanza. Some even see tints of socialism in the loans and subsequent government ownership stakes. But as Ford points out today, there was more at stake than just two companies. The entire...

Poor sales, growing public concern for the environment and the recession have all added up to weaken General Motors’ chances of finding many buyers for Hummer but the struggling automaker confirmed last week that at least one company was interested in the sale. That company was Chinese...

The saga surrounding General Motors’ European subsidiary Opel continues to unfold as the struggling automaker ponders the bids that are on offer. Now, anonymous sources close to Canada’s Magna International have revealed that if the auto parts giant wins the bid it will be executing a...

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...

General Motors already has plans to slash hundreds of its dealers late next year, but for the dealers who make it through the cuts it won't just be a case of 'business as usual'. Instead, the struggling automaker will be modifying its contracts with the remaining 4,100 or so dealers in its network...

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...

General Motors has already announced plans to slash hundreds of dealerships across its brand portfolio, and now it appears even high-end Cadillac dealers won’t be spared from the latest cull. Most of the cuts are expected to occur in metro areas and affected dealers will be informed by...

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...