Along with asking for $16.6 billion more in loans from the Federal Treasury, General Motors has made it clear that Saturn, Saab and Hummer will be sold off or eliminated. GM has made it clear that Hummer is for sale if anyone is interested, and the same can be said for Saab, if the Swedish...
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Today is it… the North American Auto Industry’s big day full of big and frightening news. But things may be worse than anyone had planned. That’s right, General Motors wants more money from the Federal Treasury… $16.6 Billion. Yes.. that is $16.6 Billion on top of the $13.4 Billion loan GM already secured from the...
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General Motors has just released info and pics of its new micro-car, the Chevrolet Spark, which will be officially unveiled at the 2009 Geneva Auto Show in March. There is no word on what engine will power the vehicle when it comes stateside but it is possible the Spark could be powered by the larger...
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In a bid to secure its $13.4 billion in loans from the U.S. government, General Motors is putting forth a rigid restructuring plan that will see 14 percent of it’s global workforce eliminated in 2009. The cuts will occur to salaried workers, reducing the total number of those employees from 73,000 to 63,000. In the...
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Bob Lutz with the Cadillac ConverJ at the 2009 Detroit Auto Show Bob Lutz, Vice Chairman of Global Product Development at General Motors, is stepping down from his current position at the company and will retire at the end of 2009. According to a press release posted on the company’s website, Lutz, one of the...
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General Motors is now offering a dealer-installed performance upgrade for the Pontiac Solstice GXP, Saturn Sky Redline and Chevy HHR SS, that will give the cars almost 300hp and more than 300 ft-lbs of torque. All three vehicles share the turbocharged 2.0-liter direct-injection four-cylinder engine that makes 260hp and 260 ft-lbs of torque. Thanks to...
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According to a report from the regularly reliable folks at GMInsideNews.com, General Motors is holding off on bringing its Alpha platform to market. This is highly disappointing as the Alpha is a mid-sized rear-wheel drive platform that was expected to be the basis of an upcoming 3 Series fighter from Cadillac – much needed considering...
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Cadillac has announced that 2009 will be the last year for its retractable hardtop XLR. Pity. Apparently dealerships are still taking orders for the $87,055 sportscar (or over $100,000 for the XLR-V) and the final model will roll off the production line in Bowling Green, Kentucky in the Spring. The XLR and XLR-V were the...
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As manufacturers tend to do these days, General Motors put the rights to buy the first 2010 Camaro on the block at the 2009 Barrett-Jackson auction in Scottsdale, AZ. The lucky wealthy owner paid $350,000 for the privilege of owning what will no doubt be a serious collector’s item. The owner will, however, have to...
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On January 13th at the Barrett-Jackson auction you will be able to buy a piece of General Motors history – and the company certainly hopes you do. GM has made the decision to sell off 250 rare vehicles to not only create some much-needed revenue, but also to reduce upkeep costs. Apparently each vehicle in...
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After a press conference the day before where every new, exciting and award winning GM vehicle was paraded before the media, the General’s second North American International Auto Show (NAIAS) press conference featured a sparse stage populated only by the upcoming Checy Volt and GM Chairman and CEO Rick Wagoner. Wagoner announced that the battery...
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Chevrolet today announced that the Orlando Concept, unveiled at last year’s Paris Auto Show, and the Beat Conecpt showcased in at the North American International Auto Show in 2007 will go into production in 2011. Little is know about either vehicle but the Beat production model, called the Spark, will be officially unveiled at the...
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According to a report in Automotive News, General Motors is looking to sell Saab but no one is looking to buy. Apparently Saab was put under “strategic review” by General Motors as part of its bailout proposal to Congress. The article quotes GM Vice Chairman Bob Lutz as saying that “strategic review” is “’code for...
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The good news about Chevy’s 550hp LS7 Camaro Concept is that you will be able to own one. The bad news is that you’ll have to put it together yourself. Unveiled alongside three other custom Camaros (the Dale Earnhardt Jr. Camaro Concept, the Camaro GS Racecar Concept and the Camaro Black Concept) at the 2008...
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Welcome to the AutoGuide.com News Blog, your comprehensive source for breaking automotive news. Our staff of writers and contributors will keep you updated on all aspects of the auto industry, from vehicle unveilings, to concept cars, to news from auto shows, the aftermarket and the world of motorsports. The AutoGuide.com News Blog complements...
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