General Motors
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The rolling Corvette ZR1 chassis that was originally scheduled to be sold at this year's Barrett-Jackson Collector Car Auction has reportedly been pulled from the auction without any reason given. One possibility is that the chassis may have already been sold or donated by General Motors. The rolling chassis featured the ZR1’s 6.2L supercharged LS9 engine, as well as a full suspension set-up, wheels and tires and a very minimalist amount of interior elements. According to previous auction materials, the chassis may not be titled or licensed, hinting that it could have been a...
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2009 Detroit Auto Show winners and losers
In the midst of one of the toughest years the car industry has had to face and government loan programs getting underway, the 2009 Detroit Auto Show was set to be a touchy dance with public sentiment. In the end the expectations proved true, and the restrained and carefully orchestrated displays...
Ralph Hanson -
Chrysler's LaSorda denies sale of brands
One of the biggest criticisms for struggling Detroit carmakers General Motors and Chrysler is the number of brands they have under the one roof and the associated problem of selling models that often compete with one another in the same segments. In its efforts to secure its share of a federal...
Ralph Hanson -
GM delays Chevrolet Camaro production by one month
General Motors has confirmed that the launch of its 2010 Chevrolet Camaro will be delayed by a month, but has refused to give a reason why. The reborn muscle car was originally due to enter production at GM’s Oshawa plant in Ontario, Canada, on February 16, but the date has now been pushed...
Viknesh Vijayenthiran -
GM releases three sneak-peek videos of upcoming Detroit vehicles
As the 2009 Detroit Auto Show draws near, General Motors continues to prepare for its new-model onslaught. The latest salvo of information on its coming range of 2010 model-year cars comes by way of a trio of 'sneak peek' videos detailing the Cadillac SRX, Chevrolet Equinox and Buick LaCrosse. Each...
Nelson Ireson -
2010 Buick LaCrosse sedan unveiled
A long series of teasers and spy shots have given hints at what the 2010 Buick LaCrosse would look like, but today General Motors has revealed the whole package just ahead of the start of the Detroit Auto Show. While the design is completely fresh, the car is also "instantly recognizable as a...
Nelson Ireson -
The UAW's near-stranglehold on the domestic auto industry has taken a lot of the blame for the current condition of the carmakers. Whether it's a fair conclusion or not, however, for companies like General Motors to survive, there will have to be concessions from labor and investors alike. Formal concessions negotiations with a range of partners begin this week, with the spotlight on the UAW. Delving into the UAW's labor contracts will be a hard-fought issue, however, as the union is expected to resist at every turn. The contract negotiated in 2007 is still in effect, and to achieve the...
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Cadillac SRX unveiled ahead of 2009 Detroit Auto Show
Sporty, luxurious crossovers, like the crossover niche in general, haven't had the success the industry might have hoped for. Nevertheless, there is a definite market for the vehicles, and Cadillac has just unveiled its latest contender for the driveways of those buyers. Cadillac gave us a sneak...
Nelson Ireson -
GMAC loses exclusive GM financing in Treasury loan agreement
In a filing today with the Securities and Exchange Commission (SEC) GMAC revealed that it will no longer have the exclusive right to finance all of General Motors vehicles, and it will cease all lease financing as well. The new business arrangements are part of the terms of GMAC's agreement with...
Ralph Hanson -
GM gets first $4 billion in aid money, Chrysler waits
The $17.4 billion bridge loan package signed into action by President Bush late in December has begun disbursement, with General Motors receiving $4 billion on Wednesday. Chrysler is still waiting on the finalization of details with the U.S. Treasury before it will be able to tap into the loans...
Nelson Ireson -
Geiger Hummer H3 V8 Kompressor
Hummer's troubled present and uncertain future are no impediment to tuners hell-bent on creating the most insane vehicles possible, and this blown V8 Hummer H3 is a prime example. Today the Germans at Geiger Cars, already known for some outlandish Hummer creations, have unleashed the H3 V8...
James Martinez -
GMAC drums up $21.6 billion in debt-for-equity swaps
GMAC has leveraged the recent promise of U.S. Treasury funds to boost its lending capacity, and now it has generated another $21.2 billion in cash via debt-for-equity swaps with its bondholders. The fund raising is part of the company's' effort to raise enough cash to meet the regulatory...
Nelson Ireson -
Yesterday the U.S. Treasury announced it would be backing GMAC with $6 billion in total funding, and today both the car finance company and General Motors, which gets 85% of its customer loans from GMAC, announced a wave of new incentives and programs to drive up sales. GMAC announced it would be dropping its minimum credit rating floor from 700 points to 620 points, which is about the national average. The previous 700-point floor was hurting dealers who couldn't find financing for many of their potential customers, according to Mark LaNeve, GM's vice president of sales and marketing. "The...
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GM logs 10,000 advance orders for new Camaro
The new Camaro looks poised to take a favored position in the new muscle car wars with its strong entry-level V6 offering and over-the-top SS power, and buyers are already agreeing - to the tune of 10,000 pre-orders, according to General Motors. The first cars ordered were primarily SS models with...
Nelson Ireson -
Jeremy Clarkson picks Corvette ZR1 as best car of the year
Motoring personality and notorious Top Gear presenter Jeremy Clarkson has been seen on camera many times commenting on the poor construction and design of American-built cars, but in a surprising development the outspoken Brit has chosen Chevrolet's Corvette ZR1 as his favorite car of the year...
Viknesh Vijayenthiran -
New Camaro may be delayed due to supplier lawsuit
General Motors has sued one of its bankrupt parts suppliers, Cadence Innovation, and now the outcome of the lawsuit may be the determining factor in whether or not the highly anticipated 2010 Chevrolet Camaro will arrive on time. GM was originally planning on putting the Camaro into production in...
James Martinez -
Volvo reinstates free maintenance on new cars
Free maintenance programs were once de rigeur for the upper ranks of the automobile industry, but the service has been dying a slow death with brands like Mercedes-Benz and Audi abandoning their programs. BMW and Saab kept theirs however, and Volkswagen recently announced the start of free...
Nelson Ireson -
Video: Cadillac previews new SRX cavorting in the snow
The Cadillac SRX has been officially revealed. Click here to view the story. Cadillac's new SRX crossover isn't due to hit the streets until mid-2009, but the company released a preview of the car as it will look in production guise at this year's Pebble Beach Auto Show, and now a video of the car...
Nelson Ireson -
A new Saab 9-5 is in the design and development process, but while the existing model lives out the tail end of its product cycle, General Motors is updating it with a new special edition. Taking styling cues from the 9-3 range, the 9-5 Griffin Edition promises a "new altitude in terms of premium standard equipment and value." While it may not be prepared to set the standard in the full-size luxury sedan segment, the 9-5 Griffin Edition does offer an attractive package in its own right. Powered by a 2.3L 260hp (194kW) four-cylinder engine with either a five-speed manual or automatic...
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Buick to shun large sedans in favor of midsize segment
The upcoming Buick LaCrosse, sitting on GM's global mid-sized car architecture, represents a new direction for the brand according to the vice-president of Buick-Pontiac-GMC, Susan Docherty. Docherty claims that falling demand for full-sized cars means that GM will not be abandoning large cars...
Ralph Hanson -
GM changes bylaws to improve board flexibility
The board of directors at General Motors has been actively involved in steering the company through regular board meetings and weekly conference calls, but the situations surrounding the bridge loans approved late last week by President Bush have led the company to amend its bylaws to make board...
Ralph Hanson -
GM Holden confirms plans to produce new compact sedan and hatch
Despite General Motors’ financial troubles both here and abroad, the carmaker today announced future expansion plans for its Australian subsidiary Holden. Holden builds the Pontiac G8 for the U.S. market and was the main development team for the upcoming Camaro. It has now confirmed that a...
Jeremy Weber -
GM reveals 2010 Chevrolet Equinox
General Motors has taken the wraps off the first of its all-new models planned for next month’s Detroit Auto Show. The vehicle is the 2010 Chevrolet Equinox compact crossover, which also debuts GM’s new compact direct-injection petrol engine range. Chevrolet expects nearly two-thirds of...
Nelson Ireson -
GM Performance Parts offering 'Body in White' Camaro for $7,000
GM Performance Parts (GMPP) will be offering 'body in white' packages for the 2010 Chevrolet Camaro, with sales expected to begin in the first quarter of 2009. Body in white refers to the stage in automotive production when the car's sheet metal has been assembled, but components such as the...
James Martinez