General Motors

  • GM exec says car prices will rise

    As carmakers face stricter fuel-economy and emissions regulations, shifting demand to smaller and less profitable models and shrinking sales in key markets like Japan and the U.S., GM marketing chief Mark LaNeve says prices for new cars and crossovers will have to rise. This follows previous statements from GM vice chairman Bob Lutz that new CAFE regulations will push car prices up on average by $6,000. LaNeve wasn’t willing to predict when and by how much car prices will rise but said a number of rival carmakers had already boosted prices and GM would have to be competitive in its...

  • Lutz: Buick LaCrosse will look like Invicta, no more badge engineering
    Lutz: Buick LaCrosse will look like Invicta, no more badge engineering

    Bob Lutz, writing today on GM's FastLane blog, discussed the Buick Invicta Concept (pictured) and its relation to the upcoming Buick LaCrosse production car. The GM CEO also gave a look into the future of GM's model-sharing plans, focusing on differentiating cars that share platforms, rather than...

  • GM and Mascoma form cellulosic ethanol partnership
    GM and Mascoma form cellulosic ethanol partnership

    Rick Wagoner, General Motors' CEO, has recently come out against United Nations research arguing that there is a link between biofuel production and a global rise in food prices, deriding the report as "shockingly misinformed." Perhaps GM's own vested interest in the subject - not just in the form...

  • Opel to launch 20 new models by 2012
    Opel to launch 20 new models by 2012

    Yesterday, GM’s European chief Carl Peter Forster confirmed that €9 billion ($14 billion) would be invested in Opel between now and 2012 to help regain lost market share and of this €6.5 has been earmarked for the development of new models and powertrains. According to German...

  • GM to invest €9 billion in Europe by 2012
    GM to invest €9 billion in Europe by 2012

    Despite losing more than $3.3 billion this quarter, GM plans to invest up to €9 billion ($14 billion) by 2012 to increase the market share of its Opel brand. Of the total investment, €6.5 will be spent alone on developing new models and powertrains as well as the expansion and...

  • GM posts $3.3 billion first quarter loss
    GM posts $3.3 billion first quarter loss

    GM today announced financial results for the first quarter of 2008, revealing a $3.3 billion loss over the period – down from a modest loss of just $42 million one year ago. Revenue for the first quarter was $42.7 billion, down slightly from $43.4 billion in the year-ago quarter. This was...

  • GM cutting production, plans more layoffs

    GM will attempt to avoid the same fate as Toyota and reduce production at a number of its plants to prevent an oversupply of vehicles in the stagnant U.S. market. Corroborating with the decline in demand for fullsize SUVs and pickups, GM confirmed today that it will start eliminating shifts at its Pontiac and Flint plants in Michigan as well as its Oshawa, Ontario, and Janesville, Wisconsin, sites to bring production capacity in line with market demand. Under this plan, approximately 88,000 units of fullsize pickup and 50,000 units of full-size SUV production will be removed from GM's North...

  • New U.S. CAFE rules mean more expensive cars, fewer sales
    New U.S. CAFE rules mean more expensive cars, fewer sales

    The U.S. Secretary of Transportation couched the new CAFE plan as saving billions of gallons of fuel, but the industry sees it as one that will costs billions in research, development and manufacturing costs over the next five years. Secretary of Transportation Mary Peters noted in the announcement...

  • GM debuts 'XFE' green line with 36MPG Chevrolet Cobalt
    GM debuts 'XFE' green line with 36MPG Chevrolet Cobalt

    Following a trend started by a number of European carmakers, GM has revealed a new ‘XFE’ (E)Xtra Fuel Economy labeling system which has debuted on the 2008 Chevrolet Cobalt. Cars badged with the new XFE logo feature a number of fuel economy improvements and on the Cobalt ensures the car...

  • Spy Shots: 2010 Buick LaCrosse
    2010 Buick LaCrosse spy shots

    Buick’s next-generation LaCrosse has been spotted testing at GM proving grounds both in the U.S. and Germany and as these latest images reveal the new car sports a similar shape to the Invicta concept unveiled over the weekend. Like the concept, the production version’s styling is being...

  • GM global sales dip 0.6% in Q1, North America sales drop 10%
    GM global sales dip 0.6% in Q1, North America sales drop 10%

    With the release today of GM’s first quarter sales results, it's evident American carmakers are doing much worse on their home turf than most would assume. GM’s sales worldwide dipped 0.6% over the quarter, but this was largely because most of the gains made in new markets were offset...

  • Video: six minutes of Camaro testing spied at the 'Ring
    Video: six minutes of Camaro testing spied at the 'Ring

    We've seen the spy photos, the official photos, the car-show concepts and even the odd spy video, but the footage available today gives us the best look yet at what GM will be offering in the form of the Camaro. Quality audio and well-framed video give us a peek into what the new car looks and...

  • GM slips to 4 on Fortune 500 list, Ford stays at 7

    Both Wal-Mart and Exxon Mobil managed to weather the economic storm raging in the U.S. and keep their respective positions at the top of the annual Fortune 500 list of the nation’s largest publicly traded companies, but GM couldn’t hold onto its third spot and ended up slipping down a position to fourth. Taking its place in the top three was oil company ChevronTexaco, which moved into the third spot on the back of rising energy costs. The annual list is based on companies’ 2007 revenues, which is why Wal-Mart could keep its top spot despite earning less profit than Exxon...

  • GM boss describes UN research on biofuel as 'shockingly misinformed'
    GM boss describes UN research on biofuel as 'shockingly misinformed'

    As carmakers around the world look for alternatives to burning fossil fuels to power their future cars one proposition that’s quickly gaining traction is the roll-out of cars that run on biofuels sourced from crops. One of the most vocal carmakers backing the mass production of biofuel is GM...

  • GM reveals new Buick Invicta Concept
    GM reveals new Buick Invicta Concept

    Buick’s new Invicta (Latin for invincible) concept brings back a vehicle nameplate not seen on a GM product in more than 45 years and previews a new four-door midsize sedan with a coupe-like roofline destined for sale in the world’s two biggest automotive markets – the United...

  • GM finally merges brand operations
    GM finally merges brand operations

    Redundant operations and wasted time and resources spent duplicating work already done by another of its eight different brands have plagued GM for years. The carmaker has been long criticized for its organizational structure but it has finally confirmed the merger of its eight brands into four...

  • GM reveals 2009 model year updates
    GM reveals 2009 model year updates

    Chrysler laid out most of its future plans earlier today, revealing information about a score of upcoming models and technologies including new dual-clutch transmissions, a hybrid Dodge Ram, a fuel-efficient AWD system and a Nissan-sourced small hatch just to name a few, but it isn’t the only...

  • GM trials drive-in fitting room
    GM trials drive-in fitting room

    Most of us can admit to checking out our reflection in passing shop windows whilst in the car but for those drivers that can’t bear to see themselves behind the wheel GM has come up with a solution to avoid the problem. To help car buyers make the right purchasing decision, GM is trialing a...

  • Vauxhall VXR8 to get 7.0L 570HP Corvette ZO6 engine

    Holden’s in-house tuner HSV recently took the wraps off a new super-sedan concept destined for production later in the year. The new concept was the HSV W427, a VE Commodore powered by the Corvette ZO6’s 7.0L LS7 V8 engine, and it was showcased last month at the Melbourne Motor Show. According to latest reports, the production version of the W427 is headed to the UK where it will be sold as a flagship version of Vauxhall’s VXR8. The new car will be priced at about £55,000 ($110,000) when it goes on sale in September and will output more than 570hp and 640Nm of torque...

  • GM earmarks key 'trend-setting' markets for Volt
    GM earmarks key 'trend-setting' markets for Volt

    GM is determined to keep its promise of delivering the Chevrolet Volt plug-in hybrid car by the end of the decade but if you were hoping to be one of the first in the world to own a Volt you had better hope you live in one of the trend-setting markets officials plan to launch the car in. Nothing is...

  • Holden HRT 427 concept sells for A$920,000
    Holden HRT 427 concept sells for A$920,000

    A Monaro enthusiast in Australia has dropped close to a million Aussie dollars (US$846,236) on a high-performance concept car developed by Holden’s in-house tuner HSV and its HRT racing affiliate. The car is the 2002 HRT 427, one of only two in existence, and was originally developed as a...

  • Oldsmobile voted most popular discontinued car brand
    Oldsmobile voted most popular discontinued car brand

    Four years after being discontinued the Oldsmobile name still carries some cachet as evidenced by a new survey, which quizzed respondents on the brands they most wanted to see revived. Oldsmobile ending up beating a number of other deceased car brands to take out sixth place overall in the results...

  • GM upgrades OnStar with XM NavTraffic and eNav
    GM upgrades OnStar with XM NavTraffic and eNav

    GM has upgraded its OnStar monitoring and tracking system with two new navigational services for all 2009 models equipped with the subscription-based service. Working in conjunction with the existing Turn-by-Turn feature, OnStar now comes with a new ‘Destination Download’ service that...

  • Pontiac mulls G8 GXP Coupe based on Holden concept
    Pontiac mulls G8 GXP Coupe based on Holden concept

    Last month Holden celebrated its 60th anniversary with the unveiling of the Coupe60 concept car, a two door version of the VE Commodore sedan that many suspect will eventually spawn a successor to Australia’s Monaro Coupe. Holden has denied rumors of a new Monaro, as well as its Pontiac GTO...

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