Saab‘s clock is ticking quickly to find a way out of bankruptcy with just a “very few days” left to find a loan. Unfortunately, General Motors has been playing a vital role in blocking Saab from selling any of the company to a Chinese automaker, forcing Saab to try to find a loan. Since Saab...
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General Motors is moving closer to a solution for the fires that occurred in Volts after crash testing earlier this year. Fox News reported yesterday that, according to an unnamed source, fires sparking inside Chevrolet‘s lauded green car might be caused by coolant crystallizing on the car’s battery after a crash, leading to a short...
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Despite GM recanting their statement that they’d buy back Chevy Volts from concerned customers, a couple dozen have come forward requesting buy backs of their plug-in hybrids. The buy back statement originally came from GM CEO Dan Akerson, but GM’s PR department stepped in by backpedaling on that offer. Nonetheless, after receiving a couple dozen...
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General Motor‘s European subsidiary, Opel has contributed greatly to GM’s engineering and technology development. Despite this, Opel has had difficulty making profit. GM Vice Chairman and Opel’s supervisory board chairman, Stephen Girsky explained to Financial Times Deutschland, “Unfortunately, our plan for making Opel profitable this year did not work.” Analysts suggest causes for Opel’s unprofitability include...
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Saab’s sob story saga might be coming to an end, though the information surrounding their pending acquisition is murky at best. Rumors swirled quickly around the media yesterday that the Bank of China, fourth-largest by market value had planned to acquire just under 50 percent of the company. Those reports are now being corrected— it’s a bank in...
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Opel, General Motors’ German wing is boasting big changes to their Insignia sedan, including a new biturbo diesel.The engine makes 195 horsepower and about 295 foot-pounds of torque, but the real eye-catcher on the new engine is fuel consumption and emissions. The new Insignia is only supposed to emit 129g/km of CO2 and achieves 48...
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Although Saab has been struggling for the past year, don’t bet against it. All but doomed when GM sought to stop Saab’s deal with the Chinese Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co., Youngman is now proposing a new deal with Bank of China, the country’s fourth largest bank by market...
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UAW members are scheduled to picket outside General Motors’ Orion Township Plant today, where the Chevrolet Sonic and Buick Verano are built. Negotiations have stalled between the union and an in-house supplier owned by the Ambassador Bridge’s Moroun family. According to Pat Sweeney, president of Orion’s UAW Local 5960, current LINC Logistics employees make...
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General Motors is clearly taking the initiative in doing damage control with their Chevrolet Volt, first offering free loaners to Volt owners during the NHTSA investigation, and now offering to buy back Volts from any concerned owner. GM reassured that the cars are safe, but will have no reservations in purchasing back the vehicles. They...
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GM set a lofty goal of selling 10,000 Chevrolet Volts in 2011 and has finally admitted that they won’t be able to hit their target sales mark this year and probably won’t be achieved until sometime in early 2012. Through the first 11 months of the year, Chevrolet has successfully moved 6,142 Volts while their...
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Susan Docherty, GM’s former US sales and marketing boss, will become head of GM’s Chevrolet Europe division starting on January 1st, 2012. Docherty will be succeeding Wayne Brannon, who will be retiring after 38 years with GM. Docherty, 49, will be overseeing the growth of GM’s Chevrolet and Cadillac brands in western and central Europe....
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GM hit a huge milestone today, building its 100-millionth (that’s 100,000,000) small-block engine, 56 years after its first one rolled off its production line. And in something that almost seems planned, the 100-millionth small-block came in the same month GM celebrated its 100th anniversary. Used in GM vehicles around the world, the small-block engine can...
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GM’s Chinese-market passenger van, the Chevrolet Move N300, is suffering from slow commercial sales. Seeing a potential market for export, the ever-so-resourceful American automaker has decided to deliver 5,000 of these Chinese complete-knock-down van kits to Egypt. While Egyptian import duties has made building vehicles in North America difficult, CKD kits (Complete Knock Down) provides...
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If you own a new GMC or Chevrolet van, there’s a chance the airbags might not be safe. The notice comes after General Motors and the National Highway Traffic Safety Administration found that airbags in 1,798 Chevrolet Express and GMC Savana vans manufactured between June 2, 2011 and October 17, 2011 have faulty airbag systems that fail...
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Chevrolet‘s new mid-size Colorado pickup will offer most of the functionality of a full-size light-duty pickup without the operating costs, according to Mark Reuss, head of General Motors North America. “You may have 85, 90 percent of what a big pickup will do,” Reuss told Automotive News at the Los Angeles Auto Show. The previous Colorado...
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There may still be two months to go, but General Motors is all but certain to reclaim the title of World’s Largest Automaker for 2011. GM last held claim to producing the most vehicles back in 2007, and for the 76 years before that, before being ousted by Toyota in 2008. Toyota has since retained...
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General Motors has announced that it will cut ties with Saab over its pending sale to two Chinese automakers. The threat has some very real consequences with GM stating it would cease manufacturing of the 9-4X crossover for Saab, as well as stop delivery of the parts it currently supplies the Swedish automaker with. “Although...
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The Pontiac G8, the brand’s last hurrah before GM completely discontinued its operations, is now subject to recall due too concerns regarding the front passenger air bag module. According to the National Highway Traffic Safety Administration (NHTSA), the air bags may suffer from a possible delay in airbag deployment at the moment of a collision,...
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Saab‘s matchmaking saga is the stuff of cinema. Facing compounding financial dilemmas and a series of unsuccessful talks with a number of investors, the troubled Swedish automaker had little going for it. Just as Saab was close to finally making a deal with its Chinese investors, Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus...
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Chevy has a lot to celebrate this week— the brand turned 100 years old and delivered their millionth Cruze. They’ve come a long way since November 3, 1911 when Swiss emigrant Louis Chevrolet and then-ousted GM founder William C. Durant first incorporated the brand. Their Series 490 helped the fledgling brand prove itself against Ford, and offer serious...
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Between 250 and 300 engineering jobs in Australia may disappear in the next two years if Holden stops producing its Commodore at home. If the decision becomes final, it means a big change considering the company has designed, engineered and built the Commodore on Australian shores for 64 years. In an interview with OptusZoo News,...
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Chevrolet revealed their COPO Camaro, Hot Wheels Camaro and a special Chevelle yesterday and AutoGuide was on hand for the reveal at the Wynn hotel. We also managed to get some video with representatives of both Hot Wheels and Chevrolet to walk you through the cars. Hit the jump to check it out. For more...
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Chevrolet is doing it big at the 2011 SEMA Show as it will releases multiple Camaros and Corvettes this year. Chris Perry, the vice president of Chevrolet global marketing and strategy, says, “Go to any Corvette or Camaro enthusiast event and you will have a hard time finding a factory-stock vehicle. These are cars that...
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34,000 units of GM’s 2012 Chevrolet Equinox and GMC Terrain crossovers are recalled due too improperly calibrated tire pressure monitoring systems. National Highway Traffic Safety Administration, NHTSA, requires all tire pressure monitoring systems to illuminate a warning signal when the tires are below 25 percent of the vehicle’s recommended psi. However, the sensors fitted into...
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