The Buick Regal will get GM’s eAssist mild hybrid system next year, according to rumors on GM Inside News. The eAssist system will debut on the Buick Lacrosse 4-cylinder, an engine shared with the Regal. It is also expected to appear on thew upcoming Chevrolet Malibu, though eAssist is expected to remain exclusive on Buick...
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General Motors long awaited IPO began trading on Thursday, and was up approximately $2 as of 12 noon, Thursday. Listed at $33 a share, the stock price quickly climbed to $35 a share, as GM’s CEO Dan Akerson rang the opening bell at the New York Stock Exchange. IPO’s are often volatile, with new startup...
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However with today’s IPO it’s hoped that the amount of money generated from the share offering will allow GM’s CEO Dan Ackerson to return a healthy portion of the $49.5 billion in bailout funds GM received last year.
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Steve Rattner, who oversaw President Obama’s auto industry bailout, told Bloomberg News that GM’s Initial Public Offering share price was undervalued. “There is definitely a greater level of confidence in the ability of the carmakers to perform,” Rattner said at an Automotive Press Association event in Detroit. “That’s because of the profit numbers.” According to...
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Another issue is that the proximity of the hose to the cable could actual wear away the protective wrap on the cable, resulting in metal to metal contact which could drain the battery or cause sparks, potentially resulting in an under hood fire.
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General Motors upcoming IPO is attracting a lot of attention, not least from Chinese car manufacturer SAIC. A long time partner of the General, SAIC is looking to buy a significant portion of GM’s IPO, and with nearly $6 billion in cash reserves, the company is in a good position to do so. According to...
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A source also said that dropping the Goodwrench brand would likely only apply to the US – in Canada the brand would continue as it enjoys greater cachet north of the border.
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For all you lovers of body on frame chassis and four wheel drive, we bring you our favorite trucks of the 2010 SEMA Show. If you prefer big motors, Made In America and think that lifting a truck is better than slamming a sport compact, check out the gallery below for all sorts of pickup-bed...
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The actual timing of when the new jobs will start, along with this new model of baby Cadillac has yet to be determined, but one thing’s for certain an announcement like this could not have come at a better time.
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General Motors will buy $2.1 billion worth of preferred stock as part of a move to pay off its $49.5 billion in federal bailout loans. GM will also launch a series of measures to reduce its debt by $11 billion. GM will make contributions to the UAW pension fund, to the tune of $6 billion, and secure...
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Consumer Reports has released its latest reliability study and while little has changed in respect to the industry-leading Asian brands, domestic automakers are catching up. Toyota and Honda each recorded the highest scores in five vehicle segments in the 2010 Annual Auto Survey, while General Motors posted considerable improvements while Ford is ranked best among...
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General Motors’ Chinese division is on track to outsell its American unit, a not entirely surprising development in light of the sheer enormity of China’s auto market. GM China has been bolstered by the strength of their two domestic nameplates, Baojun and Wulin (seen above), which are popular in export markets as well as in...
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General Motors auctioned off assets from the “old GM” that existed before the company’s bankruptcy filings in 2009. The sale, which lasted for more than 10 hours and was broadcast online, was largely composed of heavy machinery and plant equipment. The assets come from GM’s Livonia plant, which built the Northstar V8 engine for high-end...
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It’s amazing to see what a design team can do when they don’t have their arms tied by accountants. For the 2010 LA Auto Show‘s annual Design Challenge, automakers were invited to create a vehicle that is good for the environment, attractive and exciting to drive, but it also much be safe, seat four and...
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That robust formulation is also designed to improve heat resistance and the reduce risk of thermal breakdown under high heat situations – i.e. turbocharged and supercharged engines.
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General Motors has just announced a safety recall of 3,996 2010 Cadillac SRX crossovers due to possible damage that may have occurred to the power steering lines. Out of the 3,996 vehicles that have been recalled, GM only believes that only two or three are actually affected by this issue. If the power steering line...
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The Acadia Denali sports exclusive chrome mesh upper and lower grille assemblies, High Intensity Discharge (HID) headlights, 20-inch two-tone chrome wheels, monochromatic paint and body extensions.
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Word on the street is that the Ford is gearing up build a new, high-end, low-volume halo car. This new car is the highly anticipated follow up to the GT40-inspired Ford GT, made especially for its 100th anniversary back in 2003. What’s even more surprising is that suggestions are flying around to turn this car...
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Companies have been using major sporting events to pitch new products for decades, and now Chevrolet will use the World Series, starting this month, to premiere ads for the debut of the Volt plug-in hybrid sedan. General Motors Co.’s marketing chief Joel Ewanick says that the ads will start during the World Series and run...
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However, part of the increase in pickup sales, also reflects demand for GM’s substantially revised 2011 Heavy Duty pickups, which are proving particularly popular.
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General Motors has confirmed that it will sell a diesel-powered car on U.S. soil in the future. According to Ward’s Auto, the source of the news is none-other than GM Vice Chairman Tom Stephens. The use of a diesel would mark the first time in almost three decades that a diesel car was sold in...
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General Motors’ Opel division is set to expand outside of Europe with its establishment in Chile and Israel. Reports say that GM has inked a deal with an independent distributor to sell Opel vehicles in Israel, independent of GM’s vehicle distribution channel in the country. Despite selling Buick, Chevrolet, Cadillac and Isuzu, through one channel,...
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According to Mark Reuss; GM North America President ” the engines made in Spring Hill will drive the success of GM to meet our customer demands for advanced powertrains which offer high fuel economy without sacrificing performance.”
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Hemmings Motor News dug up this gem of a sexist Chevrolet poster, which evokes the good old days of the 1959 Impala, wanton smoking and treating women as property. For such a PC environment as corporate America, we’re a bit surprised Chevrolet is peddling this. According to Chevrolet’s online store, the brand “… commissions its ad...
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