General Motors: Latest News
GM European CEO Resigns After Opel Reversal - Bob Lutz to fill in?November 9, 2009 8:20:44 PM
While details are limited, it appears Forster and GM management clashed over the much-mangled deal to sell Opel to a joint-venture lead by Magna International.
GM Board Decides to Keep OpelNovember 4, 2009 3:58:52 PM
In a surprise move, GM's board of directors has decided to keep Opel. While details are scarce, the board believes Opel and Vauxhall are vital to the success of General Motors.
GM and Chrysler Top Execs to Get 25 Percent Pay CutOctober 23, 2009 4:50:00 PM
GM and Chrysler executives will see a 25% cut in pay next year. Find out who is losing 85% of their salary inside.
GM Deal to Sell Opel ImminentOctober 14, 2009 6:05:00 PM
Reports say a deal by General Motors to sell a major stake of its Opel arm to the Magna consortium will be signed on October 15, although hurdles still appear to exist.
GM and Sichuan Tengzhong Finalize HUMMER SaleOctober 12, 2009 4:09:41 PM
General Motors has finalized a deal to sell HUMMER to the Sichuan Tengzhong Heavy Industrial Machinery Company.
GM to close Saturn after Penske pulls out of dealOctober 1, 2009 3:32:00 PM
The Saturn brand is soon to be no more after Penske pulled out of a deal that would have secured jobs for thousands. Find out how many will be out of work inside.
GM to sell Opel, Vauxhall to MagnaSeptember 10, 2009 8:14:24 PM
GM will sell two brands, Opel and Vauxhall, to parts manufacturer Magna International, nearly concluding a months long saga about the fate of 50,000 employees.
GM considers keeping Opel - needs to raise $4.3 billionAugust 25, 2009 2:45:01 PM
General Motors would need to raise US$4.3 billion if it decided to keep Opel, a report claims. This option is being considered along with bids from companies like Magna.
GM to review final bids for Opel today - German gov puts €4.5 billion behind MagnaAugust 21, 2009 1:58:41 PM
GM under pressure from German government to sell Opel to Canadian/Austrian auto parts maker Magna International Inc.
GM and Koenigsegg sign 100 percent stock purchase agreement for SaabAugust 18, 2009 3:15:00 PM
The agreement is contingent on several pre-negotiated conditions, including Swedish government support and transitional assistance from GM.
EPA has Not Tested the Chevrolet VoltAugust 12, 2009 2:35:40 PM
The US EPA says it has not driven the 2011 Chevrolet Volt and therefore has no fuel consumption figures to release. Until the organisation actually tests it, claims of 230mpg will not be independently...
GM Presents those 'Simple Bare Necessities' ConceptsAugust 11, 2009 11:02:21 PM
The Simple Bare Necessities Concept cars have been presented by General Motors. They provide a good glimpse of where the General may be headed as far as future mobility is concerned.
Entry-Level Cadillac Confirmed, one of 25 new models Coming by end of 2011August 11, 2009 8:57:58 PM
Cadillac is planning a major market comeback which kicks off within the next few months. Included is a baby Cadillac and the Volt. By 2011 a total of 25 new models would be on the road.
GM Confirms Chevy Volt to get 230 MPGAugust 11, 2009 6:07:53 PM
The EPA has released initial city driving economy figures for the Chevrolet Volt. The 230mpg achieved will, if sustained through real life, change the frugality game in the world of cars.
GM, eBay announce car-selling trials in CaliforniaAugust 10, 2009 7:55:38 PM
The two companies will team up to create a unique 'click and buy' website which will allow California residents to purchase select Chevrolet, Buick, GMC and Pontiac models online.
GM says goodbye to 54 sponsorship contractsJuly 14, 2009 3:17:58 PM
In a bid to cut a tremendous amount of costs, GM has won approval to cut over 50 corporate sponsorship contracts. What iconic displays will disappear?
GM re-emerges from bankruptcy as General Motors Co.July 13, 2009 3:32:47 PM
New GM is now majority owned by the U.S. government. Automaker has shed most of its debt and trimmed its cost to a competitive level. But it still must deliver desirable products to the marketplace.
Bob Lutz changes mind about retiring - will stay on at GMJuly 10, 2009 2:00:00 PM
Several sources are indicating Bob Lutz will stay with GM to become the new head of marketing and communications.
GM resurrection todayJuly 10, 2009 1:32:00 PM
New GM will emerge from bankruptcy today a smaller company with fewer brands and owned by the US government.
Crucial GM asset sale approved by judgeJuly 6, 2009 2:48:47 PM
GM will now be able to sell-off all troubled assets and build newer, smaller company around four core brands. The ruling allows GM to restructure more quickly and possibly return as a public company w...
Cadillac XTS Luxury Sedan to Arrive in 2011?July 2, 2009 9:59:48 PM
Cadillac has plans to start producing a BMW 7 Series/ Mercedes S-Class rival from 2011. According to a report the car, to be called the XTS, will be built at GM's Oshawa plant in Canada.
GM to Cease Pontiac Vibe ProductionJune 19, 2009 3:00:00 PM
Pontiac spokesman Jim Hopson stated GM would stop production of the 2010 Pontiac Vibe in August.
GM Announce Tentative Agreement to Sell Saab to KoenigseggJune 16, 2009 2:45:22 PM
Terms of the Saab sale to Koenigsegg are beginning to emerge, but what is the future of the new 9-5 and the Quant?
Ex AT&T CEO chosen as new GM board chairmanJune 10, 2009 2:15:42 PM
GM's bankruptcy-inspired corporate shakeup continues as Edward Whitacre Jr has been named the new chairman of General Motors' Board of Directors.
GM kills medium-duty trucks while opening new battery labJune 9, 2009 1:59:52 PM
Truck plant in Flint, Michigan will close as GM opens new battery lab in its home state. About 400 GM employees at Chevy Kodiak and GMC Topkick plant will be either reassigned or offered buyouts. New ...
GM and Penske announce tentative deal for purchase of SaturnJune 5, 2009 10:21:34 PM
Saturn has been sold to the Penske Automotive Group for an undisclosed amount. PAG will own 100% of the company but will outsource manufacturing to another worldwide partner.
Potential Hummer buyer identified as.... Chinese-based Sichuan Tengzhong Heavy Industrial MachineryJune 3, 2009 1:01:22 PM
GM has officially announced they’ve reached a tentative agreement to sell Hummer to China’s Sichuan Tengzhong Heavy Industrial Machinery Company.
GM Announce Preliminary Agreement To Sell HUMMER to Mystery BuyerJune 2, 2009 3:43:00 PM
No details are available yet on who the new owners are or how much they've paid for the HUMMER brand. The deal will keep alive about 3,000 jobs dependent on Hummer at GM and at the brand's dealerships...
GM Files for Chapter 11 BankruptcyJune 2, 2009 2:13:00 PM
Find out how long it will take for the General to emerge from bankruptcy, and how much debt the company has, inside.
GM to File for Bankruptcy on Monday, U.S. will still Invest Additional $30 billionMay 29, 2009 12:16:40 PM
General Motors is reported to be finally filing for Chapter 11 this coming Monday. But not before the US government lends one of America's previously most dominant companies of the past 100 years an e...
