General Motors: Latest News
GM to Close 1100 DealersMay 18, 2009 1:19:48 PM
Large-scale dealership closing will result in the loss of 137,330 jobs. GM will be cutting its dealership ranks to 3,600 by next year. Down from 5,969 dealers it had in 2008, a reduction of 40 percent...
GM to Cancel Some Chevy, Pontiac and Cadillac ModelsMay 11, 2009 2:18:26 PM
GM will be killing the Pontiac G6 GXP sedan and coupe, the Chevrolet Impala SS, Cobalt SS sedan and the Cadillac STS-V, all by the end of the 2009 model year.
Fiat to Merge with GM Europe & Chrysler to Create New Automotive SuperpowerMay 4, 2009 1:17:24 PM
Just days after agreeing to take a 20 percent stake in Chrysler, Fiat is expected to announce plans to purchase GM Europe’s core brands of Opel, Vauxhall, and Saab.
Pontiac G8 could Survive as Chevy Commodore Police Car - ReportApril 29, 2009 1:38:02 PM
GM's Australian unit Holden hopes to keep Pontiac G8, based on its Commodore model, alive as a Chevy Commodore-badged police car in the US. But most police force fleets still use the Ford Crown Victor...
GM Confirms Pontiac Phase Out by 2010 - 21,000 jobs cutApril 27, 2009 7:37:18 PM
GM will reduce its dealer network by 42 percent to just 3,600 from the over 6,000 dealers it had in 2008. The automaker will be cutting its hourly work force down to 40,000 employees - a shadow of the...
Investors Lining up for OpelApril 20, 2009 11:12:10 PM
A number of possible investors in Opel/Vauxhall have been identified by GM. According to CEO Fritz Henderson these are serious people ready to do a deal.
GM may drop Pontiac and GMC brandsApril 16, 2009 8:44:43 PM
The axe may fall on Pontiac and GMC, as part of cost-cutting and restructuring at parent GM.
Cadillac Converj Confirmed for Production - ReportApril 15, 2009 11:32:38 AM
Motor Trend is reporting that a source familiar with GM’s future product lineup has indicated that the stunning Cadillac Converj concept will go into production as a 2012 model.
Henderson Details GM Survival PlanApril 13, 2009 4:10:25 PM
GM will shrink brands and dealer network in a restructuring effort that goes "deeper and faster". New, leaner GM will emerge with Chevrolet, Cadillac, Buick, Pontiac and GMC brands while greatly reduc...
U.S. Gov makes $285-million order for Detroit-made vehiclesApril 10, 2009 4:03:21 PM
President Barack Obama has formalized a plan by his administration to purchase more than 17,500 vehicles from the Big Three automakers. Nearly 15% of these will be hybrids.
GM in *intense* preparations for bankruptcyApril 7, 2009 11:43:27 PM
GM preparing to split the company in two, with a new, leaner GM made up of its more successful brands emerging. Bankruptcy would help GM unburden itself of much of its 27.5 billion dollars in unsecure...
GM to Unveil 2-Seater, 2-Wheeled Urban Electric Prototype in New YorkApril 7, 2009 4:22:54 PM
People mover is made for dense urban environments. Dubbed Project P.U.M.A. by GM and Segway, partners in this project, the two-wheel, two-seater electric vehicle is designed to move people around a ci...
VW Expected to Surpass GM as World's 2nd Largest Automaker in 2009April 7, 2009 3:22:54 PM
According to automotive industry analysts at R.L. Polk’s German division, Volkswagen will overtake GM to become the world’s second largest automaker in terms of production volume.
Saab has 20 Potential Suitors Lined UpApril 6, 2009 8:01:04 PM
GM’s beleaguered Swedish brand, Saab, is apparently a hot commodity as at least 20 potential buyers have expressed interest in purchasing the brand.
Henderson Willing to Take GM into Bankruptcy to Meet Obama MandateApril 1, 2009 5:02:45 PM
New GM CEO says he understands the demands for restructuring coming from the Obama administration. Fritz Henderson admits that bankruptcy may be the only solution for GM.
Obama Denies GM and Chrysler Extra FundsMarch 30, 2009 4:04:04 PM
GM given 60 days to prove its viability, Chrysler has 30 days to hammer out an alliance deal with Fiat. Both automakers will be supplied with operating capital, when necessary, but will not get any mo...
Wagoner steps down from GM on Obama's insistenceMarch 30, 2009 12:04:04 PM
White House holds Wagoner responsible for many of the poor decisions that have led to GM's near collapse. The Obama administration will unveil a new plan today for providing more aid to the US auto in...
GM, Chrysler May Need 'Considerably More' Aid Than $21.6 billion - TreasuryMarch 21, 2009 7:01:53 PM
US Treasury's chief auto adviser says GM and Chrysler may be too optimistic about their future sales.
Auditors express *substantial doubt* about GM's futureMarch 6, 2009 3:17:57 PM
Auditors claim GM's future in doubt without more federal aid. In 2008, the company suffered a loss of 30.9 billion US dollars. It has asked the US government for an additional 16.6 billion US dollars ...
GM Feb sales down 53 percent - unsustainable sales level may spell collapse within monthsMarch 4, 2009 10:30:00 PM
While the US auto market was down 41 percent for the month, Ford sales were down 48 percent and Chrysler's 44 percent. At current sales levels, GM and Chrysler could face a collapse within months.
Opel Weeks away from CollapseMarch 2, 2009 4:52:01 PM
GM’s financial crisis is spreading like wildfire and according to a report, Opel could collapse in just a matter of weeks if the company doesn’t get a massive infusion of cash in the near future.
GM Posts a $30.9 billion loss in 2008February 26, 2009 8:56:57 PM
Troubled automaker GM says it will need another 16.6 billion US dollars in order to remain solvent. GM has already received 13.4 billion in bailout cash from the US Treasury.
Saab files for reorganisation under Swedish lawFebruary 20, 2009 3:41:40 PM
GM will be spinning off Saab as an independent business as of January 1st 2010. Reorganization will provide the automaker with legal protection from creditors as it attempts a restructuring. Saab is s...
GM Dissolves High Performance Vehicle OperationsFebruary 19, 2009 6:31:12 PM
High performance division was responsible for such vehicles as the V-series Cadillac, the Chevy Cobalt SS and the Chevy HHR SS. GM hopes to revive the division once its financial situation improves.
2011 Opel Ampera AKA European Volt Design Sketches Leak to WebFebruary 18, 2009 9:21:49 PM
Opel Ampera will be GM's European version of the Chevy Volt powered by GM's Voltec plug-in hybrid system most recently seen in the Cadillac Converj Concept. The Ampera is scheduled to hit European sho...
GM seeks $30 billion in total aid, plans to cut 47,000 jobs this yearFebruary 18, 2009 2:51:49 PM
GM now claims they need up to $30 billion in loans, and they need to cut 47,000 jobs, to eventually return to profitability.
RHD Chevy Camaro Cancelled for U.K.February 16, 2009 6:00:00 PM
GM is putting on hold plans to release right-hand-drive variants of the Camaro in the U.K. But will the car make it to Britain anyway?
Interest Gains as GM Look to Offload HummerFebruary 13, 2009 6:04:09 PM
GM, looking to get rid of Hummer since last summer, may have found a buyer.
Bob Lutz moves to Senior Advisor Role; Will Retire at End of 2009February 9, 2009 8:40:00 PM
GM’s most outspoken advocate and highly regarded product guru, Bob Lutz, has announced plans to retire from his position at General Motors at the end of the year.
AM General Stops HUMMER H2 ProductionJanuary 28, 2009 4:03:42 PM
Production will halt on the Hummer H2, at least temporarily. GM has expressed desire to keep the plant shuttered for five months.
