A former Obama aide, Harry J. Wilson, is leading a group of investment funds urging General Motors to buy back $8 billion worth of its stock, which could raise share prices. Wilson also wants a seat on the GM board.
The General Motors ignition switch compensation fund received 57 more reports this week that were postmarked before the January 31 deadline. The number of accepted claims ticked up slightly by one additional death and two more injuries.
GM is following up its Lambda-platform CUV stop-sale for possible cracks in their 18-inch Goodyear Fortera HL tires with a recall covering 5,876 examples of the 2015 Chevrolet Traverse, GMC Acadia and Buick Enclave. Goodyear already recalled about 48,512 of the tires.
For decades, Mark Bernhard has been the guy GM sends to places around the world to manage the finances of its international operations. Now he's returning home to Australia to oversee Holden's transition from manufacturer to importer.
Future Trucks To Show Correct Redline At 6,800 RPM
The 2015 Chevrolet Colorado and GMC Canyon are advertised as making 305 horsepower at 6,800 rpm. However, a buyer noticed that the tachometers in the trucks indicated the redline at 6,500 rpm. Turns out the tachs are incorrect, and GM is going to fix the graphic in future trucks.
These were the ten best-selling vehicles in the United States in January 2015. While the leader may not surprise you, we think you'll find plenty of interesting facts and figures in the list, and the finishing order sometimes changes dramatically from month to month.
At the end of January GM said it would hold pat on its dividend of 30 cents per share, leading investors to complain. This week it said it would increase the dividend 20 percent, and later this year would look at "further return of capital to shareholders" assuming it can get the recall fiasco concluded.
General Motors posted strong financial results for the fourth quarter quarter of 2014, but the figures weren't enough for the automaker to offset falling full-year figures, partially due to $2.8 billion in recall-related costs.
As the appeal process closes for General Motors' ignition switch recall compensation fund, the tally of claims stands at 4,180. That number might climb, though, because claims postmarked January 31 are still being accepted. As of the latest total, the attorneys found 51 deaths and 77 injures caused by the faulty parts.
According to Kenneth Feinberg, the lawyer and administrator contracted by General Motors to handle its ignition switch liability claims, the automaker's efforts to minimize the potential for lawsuits is working.
Fiat Chrysler, Honda And Toyota Re-Recall Models From The Early 2000s
Fiat Chrysler Automobiles, Honda and Toyota will recall 2.1 million vehicles built in the early 2000s for airbags that could deploy unexpectedly. These vehicles had previously been recalled, but the National Highway Traffic Safety Administration has found that they are still defective.
General Motors is launching new entry-level trims for four of its popular models that slash prices by removing some content but mostly seriously cut into dealer margins. The changes let the brands advertise segment-leading prices to attract potential buyers into showrooms.
No Penalty For Jarno Trulli In Miami; Quebec Expands Electric Circuit
Quebec will add over 125 EV chargers to its Electric Circuit network. Belgium's three-wheeled E-Car 333 EV concept debuted. Formula E clarifies Jarno Trulli penalty mix-up. GM to recognize sustainable dealerships with new program.