If you’re a skeptic of electric and hybrid vehicles and think the only reason they’re having any success in the market is because of support through government incentives then you’re going to love this. According to a new report by Bloomberg, the Obama Administration is responsible for purchasing almost a quarter of all hybrid vehicles...
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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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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 day, another smartphone app. This time around, it’s courtesy of GM. They’ve released a free app that allows owners of all 2011 Chevrolet, Buick, GMC and Cadillac vehicles to access vehicle information and OnStar services. There are two different apps available. The first is called myChevrolet (or myBuick or myCadillac, depending on what GM...
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How’s this for a little added incentive? In the hopes of attracting more consumers, OnStar is teaming up with auto insurance companies to offer subscribers discounts on their car policies. Going in their favor is the fact that OnStar’s subscribers are safer drivers and more conscientious on the road. Also in the pro column is...
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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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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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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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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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OnStar is set to evolve from a safety feature that assists drivers in distress, into an in car infotainment platform, as its latest iteration launches voice text messaging and Facebook integration. OnStar is looking to re-brand itself under the “responsible connectivity” tagline, an ironic label in light of the fact that social networking while driving...
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The Vauxhall Astra is one of Britain’s most popular cars, and is also known as the spectacular flop that was the Saturn Astra in North America. While North Americans didn’t take too kindly to the compact, Belgian-built hatch, Europeans adore the Astra, but the next generation will face some stiff competition from the upcoming Ford...
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With its Sync and MyFordTouch systems, Ford has been winning the in-car technology war against its rivals, but General Motors is set to launch new OnStar features that could change all that. According to a Bloomberg report, OnStar will look to offer several new free services, including innovative voice-to-text technology to help drivers keep in...
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Clear of any bad PR for at least a few weeks, Toyota has been hit by yet another safety issue with its cars, announcing a recall of 1.1 million Corolla and Matrix models. The recall involves the 1.8-liter 4-cylinder engine in the cars and as such also affects 200,000 Pontiac Vibes. Models affected include the...
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General Motors has just announced the filing of papers with the Securities and Exchange Commission for an Initial Public Offering (IPO) that will see the company handed back over to investors and removed from government control. Including in the filing are plans for preferred stock that carries with it both debt and equity and also...
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Porsche was the big winner for July 2010 sales, moving 75% more cars than in July 2009, with Hyundai/Kia, Jaguar/Land Rover and the Big Three all making solid gains. Japanese auto makers bore the brunt of the market, with Toyota and Honda losing a bit of market share, while Suzuki took the dubious title of...
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Everyone’s favorite blowhard talk radio host tore into the Chevrolet Volt, criticizing it as a product that “nobody wants”. Rush Limbaugh, the infamous talk radio host, mocked General Motors as “Obama Motors” and criticized its range as well as its $41,000 sticker price. Limbaugh criticized the $7,500 tax credit offered by the government, stating that...
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Shortly after announcing the pricing and specs for the Chevrolet Volt, General Motors has put a Youtube video up on the video sharing site touting the features and benefits of GM’s new plug-in hybrid. We’ll spare you a recap of the video but we’ve embedded it into the post below the jump. You can already...
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General Motors has announced that their Chevrolet Volt plug-in hybrid will be priced at $41,000 when it goes on sale later in November 2010. The Volt is also entitled to a $7,500 tax credit given to buyers of electric vehicles, which brings the price down to $33,500. The MSRP includes a $720 destination charge. Fully...
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General Motors is buying AmeriCorp, a company that offers subprime loans (loans to those with poor credit), for $3.5 billion dollars. GM says the move is necessary to expand financing to those with subprime credit scores. 40 percent of Americans hold these subprime ratings, which are defined as a score below 620 on a 300...
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