A 2011 Chevrolet Volt will be worth just over $17,000 after 36 months, the length of a typical lease, says Kelley Blue Book. That’s a 42 percent drop in price from the car’s $41,000 sticker price. Eric Ibara, director of residual value consulting at Kelley Blue Book, says the residual value projection seems low. But...
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The announcement comes on the heels of news that GM recently received more patents for clean energy technology last year than any other organization, based on findings from the Clean Energy Patent Growth Index.
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Car owners are more satisfied with independent shops for maintenance, according to a latest Consumer Reports Annual Survey. The survey was based on more than 92,000 reports on service visits to independent mechanics and 230,000 service visits to new car dealerships. Buick and Lincoln were among the leaders with a score of 93, on a...
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General Motors is pumping $109 million into its Ecotec program in Michigan, in order to support ongoing production of the 1.4-liter engine shared by three Chevrolet models as well as keeping/adding 96 jobs in Michigan. $84 million of that money goes to GM’s engine plant in Flint to increase production capacity, while the rest is...
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A trade group representing Detroit’s three automakers as well as Toyota is currently urging the Obama administration to say no to a proposal that could mandate a 62-mpg CAFE (Corporate Average Fuel Economy) industry standard by 2025. The Alliance of Automobile Manufacturers, in a letter addressed to Transportation Secretary Ray LaHood and Environmental Protection Agency administrator...
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In order to stay ahead of the game, GM’s flagship division is re-launching it’s certified pre-owned program, tweaking it to include a more thorough, 172-point vehicle inspection system, a six-year 100,000 mile limited warranty, as well as courtesy transportation for warranty work and 24-hour roadside assistance.
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Chrysler announced an $843 million investment in its Indiana transmission plant as it prepares to build a 9-speed automatic transmission front front-drive vehicles. The announcement comes on the heels of General Motors announcement of a $2 billion infusion into a number of plants, including $200 million for upgrades to its Toledo, Ohio plant to build...
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GM plans to ramp up Volt production in the next few years, from the current 10,000 cars per annum to 25,000 – CEO Dan Akerson says he’d ultimately like to see more than 100,000 Volts roll off the assembly line, though recognizes that any increases also hinge on battery production.
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General Motors will invest $2 billion across 17 plants, as the company retools existing plants to build new products and hire more workers. GM confirmed that their Toledo, Ohio plant would receive $250 million in improvements and create 250 new jobs. CEO Dan Akerson didn’t announced which plants would be infused with new capital, but the Detroit-Hamtramck...
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This gives uses the chance to enter in information regarding their vehicle, such as make, model and year to see if the FMV can be made to work withe their car or truck.
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A group of 28 workers at General Motors’ Lordstown, Ohio plant are suing both GM and the UAW, claiming that they were wrongly classified as temporary workers, resulting in a 40 percent pay cut. The workers were hired in 2006, fired in 2007 and then re-hired 6 months later. The workers say they were classified...
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General Motors has done a commendable job differentiating GMC and Chevrolet even though they share many of the same designs. As proof, one could compare the Terrain to the Equinox or the Acadia to the Traverse and see they share the same underpinnings yet each has a distinctive look. Mark Reuss, GM President in North...
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Over the next three years, the pace of new model introductions in the U.S auto market is expected to pick up. Ford Motor Co. and General Motors Co. are taking the lead, according to a Bank of America-Merrill Lynch report. The categories likely to have the highest proportion of new models are small cars, crossovers...
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Chevy, my Chevy, why hast thou forsaken me? The Biblical Impala, dating back to the Burning Bush, still shuffles off the assembly lines in slippers and a tennis-balled walker. But as the rest of GM’s lineup leaps forward into the 21st century, the Impala’s age is starting to become a burden around Chevrolet’s neck. How...
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As the government’s ownership of General Motors decreases, spending on lobbying officials has spiked. According to data from lobbying disclosure forms, GM spend almost $3.6 million in the first quarter of this year, double what it spend in back in 2009. Last Fall the Treasury reduced its share of GM from 61 percent to under...
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With the Nissan Leaf beginning to outsell the Chevrolet Volt, the competition between the two is heating up, and General Motors North America President Mark Reuss had some not-so-nice things to say about the car when asked for his thoughts. Reuss said that the Leaf was “…has a finite range and requires infrastructure and charging...
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Federal regulators are investigating 865,000 General Motors SUVs, including the 2005-’07 Chevrolet Trailblazer and Buick Rainier,for faulty fuel gauges that are inaccurate. The 2005-’06 Chevrolet Trailblazer EXT, the 2005-’07 GMC Envoy, the 2005-’06 GMC Envoy XL and the 2005-’07 Saab 9-7X are also affected vehicles being investigated. 668 complaints regarding the vehicles having defective fuel gauge readings...
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Even though owners are themselves putting together these engines, once assembled, each of the LS7 and LS9 motors in the program, is still backed by GM’s 5-year 100,000 mile warranty, just like any other.
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Overall, auto sales have been on an upward trajectory for several months, however cash incentives are not the reason for the success. Incentive spending was at a five- year low in April, according to Automotive News, down 14 percent to an average of $2,320 per vehicle. Toyota had the lowest incentives among the top six...
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A widespread outcry by race fans and Indianapolis residents has led to Donald Trump being given the boot from the Indy 500 pace car drivers seat. Trump was scheduled to drive a 2011 Chevrolet Camaro Convertible at this summer’s race. While Trump claimed earlier that he would not back down from the opportunity, race organizers...
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General Motors cruised to their fifth straight quarter in the black, announcing a gross profit of $3.2 billion, helped along by a sale of GM subsidiary Delphi for $1.6 billion in March. In a prepared statement, General Motors CEO Dan Akerson said “GM has delivered five consecutive profitable quarters, thanks to strong customer demand for...
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General Motors Co. may reduce production of pickup trucks after inventories rose last month. GM’s truck inventory rose to more than 275,000 at the end of April working out to about 111 days of supply, according to Don Johnson, GM’s vice president of U.S sales. GM dealers had about 264,000 trucks on their lots last...
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For the record, 100,000 units is about what the current Toyota Tacoma sells each year in the US and to be fair represents rather high volumes for a niche vehicle. And in fact the best sales total the original El Camino ever managed, was 64,960 units, back in 1979.
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The upcoming Cadillac ATS is expected to slot below the mid-size CTS, and compete with upcoming compact luxury cars. In order to differentiate itself from the CTS, the ATS will get a series of smaller engines, with an Ecotec 4-cylinder or a small V6 (much like the high feature V6, seen above) among the possibilities....
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