general motors


Germany not happy with GM abandoning Opel sale

It was an exhausting 7-month process that finally winnowed down a pool of suitors for Opel, General Motors' European subsidiary, to Canadian parts maker Magna and Russian bank Sberbank. The deal was all set to go through, but GM pulled the plug yesterday at the 11th hour, claiming that because of Europe's improving markets and its own better-than-expected financial footing, the automaker could do better for Opel and employees than any of its proposed buyers. Not so says government officials in Germany, who are reportedly crying in their ... Read more →

GM's Liquidation Motors stock reportedly still worth $370M, can't be sold short Jonathon Ramsey

When General Motors entered into Chapter 11 bankruptcy over the summer, its bad assets were moved into a firm called Motors Liquidation Company (MLC). That company was capitalized with more than 600 ...

BREAKING: GM board opts to call off Opel sale Chris Shunk

After months of negotiations with supplier Magna and its Russian partner Sberbank, General Motors has decided not to sell its Opel unit. The General mentioned in the post-jump press release that ...

BREAKING: Hyundai developing competitor for OnStar, Sync... but new system needs a name Chris Paukert

As part of its product and marketing development process, Hyundai has reached out to owners and enthusiasts to create a network of consumers with which to discuss everything from future models ...

GM awarded DOE money to research Shape Memory Alloy heat engines Chris Shunk

General Motors has been awarded $2.7 million by the Department of Energy to create a working prototype engine using Shape Memory Alloys (SMA). The idea is for the prototype to use SMA tech to ...

REPORT: Fritz says GM doesn't need any further aid from Washington 8 days ago on Autoblog

Fritz Henderson went to Washington to have a word the folks who wrote the $50 billion check to keep General Motors alive. While there, he answered a few questions put forth from The Washington Post about that investment and the "new" company created with it. His answers are sound, but qualified ...

VIDEO: GM offers sneak peek at mystery crate engine headed for SEMA 8 days ago on Autoblog

General Motors is getting ready for SEMA 2009, but the Detroit-based automaker has a little over a week before it can show us anything official in Las Vegas. That isn't stopping the General from teasing us, though, as this 40-second YouTube clip clearly demonstrates. One of GM's new tuner ...

REPORT: GMAC likely to get more cash soon from federal government 10 days ago on Autoblog

GMAC has received $12.5 billion in U.S. Treasury loans since last December, but that sizable amount of cash may not be the last of government assistance. The Detroit News is reporting that General Motors' finance arm could receive between $4 billion to $5.6 billion by November 9 in order to satisfy ...

GM to offer in-vehicle WiFi on select models 11 days ago on Autoblog

Everywhere connectivity is even closer with the announcement that GM will be offering dealer-installed Autonet routers in its SUV and truck offerings. Chrysler was the first to put Autonet in cars a year ago, and Volkswagen signed up in August of this year, putting the mobile router docking ...

Opel sale on hold, GM asked to have a word with EU Commission 12 days ago on Autoblog

The EU's Directorate-General for Competition (EUDGC) is looking at the Opel deal that should have been concluded already, and is asking questions of Germany and GM. Principally it is trying to resolve the issue of state aid; it was reported before that if Opel was purchased by Magna then the ...

REPORT: GM ups its ante in GM Daewoo 13 days ago on Autoblog

GM Daewoo has four shareholders: GM, Korea Development Bank, Suzuki Motor Corporation, and Shanghai Automotive Industry Corporation. When GM Daewoo put out a rights issue, only one of the four took the bite: GM, which made it rain to the tune of $412 million and raised its stake from 50.9. ...

Shreveport, LA mayor lobbies D.C. to close the HUMMER deal, already 14 days ago on Autoblog

Cedric Glover, the mayor of Shreveport, Louisiana, went to Washington, D.C. to plead his case for the sale of Hummer to Tengzhong. The only thing is, we're not sure why he went. To be more precise, we do know that he wants to protect jobs at GM's Shreveport plant that builds Hummers. The plant ...

GM invites Volt fans to name first color and win a test drive! 17 days ago on Autoblog

Take a close look at the Chevy Volt in the photo above. We've seen it a number of times already but we've never said anything about the color. While it's predominantly silver, it does have a green (or more specifically emerald) tint in it. According to General Motors spokesman David Darovitz, ...

REPORT: First step of Saab salvation complete, EIB to give €400m loan 17 days ago on Autoblog

Like Great Britain, Sweden never switched over to the Euro – they still deal in kroners. Therefor, In order to keep Saab afloat after being jettisoned by General Motors, new owner Koenigsegg Group has determined that it needs a loan of about 415 billion kroners to keep the flood waters ...

Rattner recounts auto bailout, was "shocked" and "stunned" at condition of GM, Chrysler 17 days ago on Autoblog

Steve Rattner is a man we admire but do not envy. Rattner, a former Wall Street banking type with zero experience in the automotive or manufacturing world, was tasked by President Obama with guiding General Motors and Chrysler through their restructuring efforts. Not a small job, by any means. ...

AM General to build VPG MV-1 people-mover at Hummer H2 factory 17 days ago on Autoblog

Remember the Standard Taxi from the Vehicle Production Group? It's now called the MV-1, and production is slated to begin next year at the AM General plant in Mishawaka, Indiana. That's the same assembly location where the Hummer H2 is built, which makes sense since the MV-1 is based on the same ...

Fitting Irony: Detroit Mayor Bing's own auto supply company hurting and on the block? 20 days ago on Autoblog

No one is allowed to escape the grinding maw of Detroit's woes -- not even Detroit Piston extraordinaire and hometown mayor Dave Bing. The mayor owns an automotive supplier called The Bing Group that provides stamped parts for carmakers. The recession has put the company on such slippery footing ...

Edmunds: GM market share will grow in October 21 days ago on Autoblog

According to the number-crunchers over at Edmunds.com, things are looking up for General Motors in the month of October. If preliminary figures hold up, The General's market share should come in at 22.4 percent, a notable gain from the 19.1 percent share the automaker averaged throughout the ...

REPORT: Only one buyer has returned a GM vehicle under new 60-day guarantee; transaction prices up $8k 23 days ago on Autoblog

When General Motors announced its 60-day money back guarantee, we were a bit surprised. The marketing scheme seemed like a pretty big gamble for the fresh out of bankruptcy automaker, but it would seem that the program isn't as risky as it first appeared. According to Automotive News, Bob Lutz, ...

REPORT: One week after announcing GM departure, Mark LaNeve surfaces at Allstate 25 days ago on Autoblog

When word got out that Mark LaNeve (right) was leaving General Motors effective October 15, we weren't at all sure where the soon-to-be-former exec was heading. The Wall Street Journal has finally let the cat out of the bag, reporting that LaNeve is leaving the auto business for a marketing gig ...

REPORT: Cadillac quietly unveils new, old-look logo 25 days ago on Autoblog

As with its model line, Cadillac has performed surgery on its logo. The previous logo, at right, was a sleek bit of matte color and metal unveiled in 1999 as a result of Cadillac wanting a new icon to represent its "art & science" campaign. The aim was "to combine suggestions of high ...

Recork the Champagne? China says Hummer paperwork not submitted yet 26 days ago on Autoblog

Last week, it was reported that General Motors had signed a definitive agreement to sell Hummer to Chinese machinery manufacturer Tengzhong. The Chinese company and its partner in the deal, Lumena Resources Corp., would pay $150 million and receive Hummer and its intellectual property, ownership ...

REPORT: Analysts chide GM for boosting production [*UPDATED] 26 days ago on Autoblog

General Motors has announced its planned production for next year: 2.8 million vehicles. That's a 45% increase over its production this year – 1.9 million cars and trucks – and according to some analysts, it's completely unwarranted. GM says it arrived at that number based on "real ...

Cadillac kicks current ad agency to the curb, seeking new suitors 26 days ago on Autoblog

It was three years ago that Cadillac switched to ad agency Modernista!, and one year leater it rolled out its "Life. Liberty. And the Pursuit." campaign. In a four-sentence statement put out by Cadillac General Manager Bryan Nesbitt, the brand is looking for a new agency and Modernista! "has ...

REPORT: Chevrolet to take larger role at GM, account for 70% of total volume 26 days ago on Autoblog

Forget about more cowbell, for GM it's all about more Chevy -- at least, that's the situation for Chevrolet's new VP Brent Dewar. So far this year the Bowtie has posted more than 60% of GM's North American volume, but Dewar wants that to get to 70%. "As Pontiac goes away, Saturn goes away," ...

BREAKING: GM officially sells Hummer to China's Sichuan Tengzhong 29 days ago on Autoblog

General Motors has reached an agreement to offload Hummer onto China's Sichuan Tengzhong Heavy Industrial Machinery, with Tengzhong taking an 80 percent stake and a private investor consuming the rest. Details on the deal (available in the press release after the jump) include Hummer contacting ...

REPORT: GM close to offloading Hummer for as little as $150 million 29 days ago on Autoblog

Not so many years ago, Hummer appeared to be one of General Motors' most potentially lucrative brands. Now, the fallen brand looks poised to fall into the hands of the Chinese very soon. Bloomberg is reporting that a deal to sell Hummer could be finalized in the coming days as Sichuan Tengzhong ...

Fritz picks Susan Docherty to replace LaNeve 1 month ago on Autoblog

Just last week we were chatting with Buick GMC General Manager Susan Docherty on the GM Fastlane Blog about our lack of confidence in the 2010 GMC Terrain, and now she's moved up to GM's Vice President of US sales. Docherty will replace the soon to be departed Mark LeNeve as sales VP and one of ...

BREAKING: Mark LaNeve leaving GM effective October 15 1 month ago on Autoblog

Mark LaNeve, General Motors' head of U.S. sales, is reportedly set to leave the company on October 15th. LaNeve had been appointed GM North America vice president of marketing and advertising back in September of 2004 after starting his career as the brand manager for the now-defunct Pontiac ...

REPORT: Zeta-based Chevy "G8" police car to be unveiled Monday 1 month ago on Autoblog

The Pontiac G8 has not deserved its lot in life, and despite the Australians trying to steal it back with the debut of two special edition Holdens that look awfully similar, this rear-wheel-drive sport sedan will find one way or another to stay on sale in the U.S. Unfortunately, its customers ...

VIDEO: Saturn's demise? We blame Jim Gaffigan* 1 month ago on Autoblog

When the deal to sell Saturn to Penske Automotive fell through, there were likely a lot of surprised people at General Motors' Detroit, MI headquarters. Penske released a statement saying that the reason the deal fell through after months of good faith negotiations was that a suitable post-GM ...

Autoline on Autoblog with John McElroy 1 month ago on Autoblog

Why Saturn Failed In the early 1980s General Motors launched a top-secret program to figure out how it could build a small car to successfully compete against the Japanese automakers. It was called the S-car program and the results of this study shocked top management at GM. It conclusively ...

REPORT: GMC planning diesel Terrain? How about a Denali? Umm... not so much. 1 month ago on Autoblog

The GMC Terrain is just coming to market, but some have speculated that a diesel variant could be on the way to trump the crossover's already impressive 32 mpg highway figure. Well that's just not going to happen, according to Buick GMC boss Susan Docherty. Last month, GMC Communications Group ...

REPORT: GM halting Duramax production for 10 weeks 1 month ago on Autoblog

The revamped 6.6-liter Duramax V8 engine will go into production in April 2010 and the current Duramax, which doesn't meet emissions requirements that go into effect January 1, 2010, will cease production the day before the new year begins. In the interim, GM will be retooling the factory and ...

GM reportedly ending pilot eBay program, yet claims success 1 month ago on Autoblog

Back in August, General Motors began a pilot program in which it opened up its own eBay mega store. A total of 225 dealers had participated in the California-only pilot, but GM has decided to pull the plug on the program effective today. With the program ending instead of expanding to all of the ...

REPORT: General Motor still on track for 2010 IPO 1 month ago on Autoblog

While defending the government bailout of America's auto industry, Herb Allison (above), the Treasury Department's assistant secretary for financial stability, said that a General Motors initial public offering is still a go for next year. While Allison still believes it was essential to ...

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Autoblog Podcast #151: With Car and Driver's Eddie Alterman

Eddie Alterman wades in with Sam, Chris, Dan, and Jonny to talk about SEMA and other recent events.

 
 

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