GM


REPORT: Opel President Carl-Peter Forster quits after sale collapse

German magazine Der Spiegel is reporting this morning that Opel President Carl-Peter Forster has resigned from General Motors following the board's decision to kill the sale of a majority stake to Magna International. Apparently, Forster was disgusted at the way that GM officials handled the whole process. Over the past several months, GM went back-and-forth, first agreeing to sell to Magna, then opting for another bid before returning to Magna, only to finally kill the deal altogether and keep the brand for itself. A statement issued by ... Read more →

LA Auto Show Design Challenge reveals Youthmobile 2030 design entries Jeremy Korzeniewski

This year's iteration of the annual Design Challenge at the LA Auto Show asks the question: How will a new generation of drivers age 16-23, raised with cell phones, web cams and online ...

VIDEO: Chevrolet Camaro attracts all types, including 101-year-old Virgil Coffman Chris Shunk

Close your eyes and try to envision the typical 2010 Chevrolet Camaro owner. We're guessing there weren't many of you imagined a cane-touting Centenarian, but that didn't stop Virgil Coffman from ...

Germany not happy with GM abandoning Opel sale John Neff

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 ...

GM recalling 53,000 Chevy Cobalt, Saturn Ion, and Pontiac G5 models over fuel leak concern Chris Shunk

General Motors may have shed itself of much of its pre-bankruptcy problems, but the automaker still has to tend to its warranty and recall duties. As such, GM is recalling 53,000 Chevrolet Cobalt, ...

GM's Liquidation Motors stock reportedly still worth $370M, can't be sold short 3 days ago on Autoblog

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 million shares that were meant to be worthless; however, quite the opposite has happened: with its ...

BREAKING: GM board opts to call off Opel sale 3 days ago on Autoblog

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 the new board of directors came to the decision to keep Opel due to GM's recovering financial ...

GM awarded DOE money to research Shape Memory Alloy heat engines 5 days ago on Autoblog

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 capture heat energy from engine exhaust gasses via an electric generator and transfer that energy to ...

REPORT: Fritz says GM doesn't need any further aid from Washington 7 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 ...

First shot of A-Team cast released, GMC van included [w/VIDEO] 9 days ago on Autoblog

The A-Team was a pop culture phenomenon of the Eighties on par with Knight Rider and The Dukes of Hazard. And since Hannibal, B.A., Face and Murdoch hold a special place in the hearts and minds of Gen-Xers, it was only a matter of time before the super-fake action show hit the silver screen. ...

REPORT: GM sees first year-over-year sales increase in 21 months 9 days ago on Autoblog

While still down considerably, the auto industry has begun to pick up a bit of steam lately. In fact, industry analysts at Edmunds went as far as to predict that General Motors would increase its market share for the month of October. Less than two weeks after Edmunds' prediction, GM global ...

REPORT: Two-mode hybrid joint development disbanded; Ram hybrid coming in 2010 9 days ago on Autoblog

According to The Detroit News, the big joint development program formed several years ago between General Motors, Daimler, Chrysler and BMW to develop a two-mode hybrid system for light duty vehicles is over. With all four automakers now having launched versions of the gas-electric system, the ...

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 ...

V-Series Challenge participants announced, no surprises inside 14 days ago on Autoblog

In less than a week, Bob Lutz will be joined by a few automotive journalists and a handful of regular Joes at the Monticello Motor Club in New York to race some fast sedans around a fast track to see if anything with four doors can outrun a Cadillac CTS-V. Sounds like fun. But, after reading ...

Posawatz: Volt range-extended mileage to be "better than any conventional car." But what about hybrids? 14 days ago on Autoblog

So, plenty of time has passed since General Motors first made the announcement that its Chevy Volt extended-range electric vehicle would score 230 miles per gallon on the yet-to-be-completed EPA testing procedure for such vehicles. Still, plenty of questions remain, such as How many miles per ...

SEMA Preview: Will GM debut a bowtie-badged Raptor fighter? 15 days ago on Autoblog

When gas prices spiked and automakers began focusing more attention on fuel efficient cars and crossovers, we began wondering if the pickup truck's best days were behind it. The next big blow came when domestic automakers began postponing or canceling development of light-duty diesel engines for ...

Chevrolet follows Cadillac into the advertising agency review breach 16 days ago on Autoblog

Some loyalties run deep in Detroit, take Chevrolet's relationship with its advertising agency. Campbell-Ewald has been urging people to buy bowties since 1922, when a single magazine ad contained more words than a BMW press release. Chevrolet's account is huge, and the automaker is not looking ...

REPORT: Pay czar planning up to 90% compensation cuts for top auto execs 16 days ago on Autoblog

When General Motors and Chrysler took money from the U.S. government to prevent being consigned to history, the two storied domestic automakers had no choice but to put their fates in Uncle Sam's hands. After two very brief bankruptcies and billions in bailout cash, America's favorite bearded ...

GM invites Volt fans to name first color and win a test drive! 16 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, ...

GM's Lauckner wishes for bigger incentives to get drivers out of gas-powered vehicles 16 days ago on Autoblog

At this point, it's no secret that the Chevy Volt and other plug-in vehicles are not going to come cheap. About the least pricey full-speed electric vehicle may very well be the Nissan Leaf, which after incentives may be in the $27-28,000 range before the extra cost of leasing the battery. While the ...

Rattner recounts auto bailout, was "shocked" and "stunned" at condition of GM, Chrysler 16 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 ...

OnStar prevents its first high-speed chase 18 days ago on Autoblog

We were wondering how long it would take before OnStar's Stolen Vehicle Slowdown service was used to prevent a high speed chase. Though announced nearly two years ago, the service that allows OnStar to remotely disable a vehicle's gas pedal is still not yet available on all GM models – for ...

Cadillac CTS-V Challenge nets 120 applicants, Heinricy to stand in for Lutz if needed 18 days ago on Autoblog

We knew when General Motors opened up the CTS-V Challenge to any and all Caddy killers the response would be impressive, and according to Cadillac spokesman Nick Twork, it's been just that. Around 120 people applied for a chance to take on Bob Lutz in the CTS-V sedan later this month, but ...

Fitting Irony: Detroit Mayor Bing's own auto supply company hurting and on the block? 19 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 ...

Ethanol from almost anything? Coskata opens Lighthouse cellulosic ethanol plant 20 days ago on Autoblog

Coskata's newly-opened semi-commercial flex ethanol facility in Madison, Pennsylvania is as small as it can possibly be. Co-located at a Westinghouse facility that also in some fashion uses nuclear energy, the Lighthouse project, as it's called, is running 24/7 to turn wood chips into ethanol. ...

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: 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 25 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 ...

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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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