General Motors will invest more than $890 million which will create or retain more than 1,600 jobs in five North American plants to produce a new generation of fuel efficient small block truck and car engines.
General Motors has made a final payment of $5.8 billion to the U.S. and Canadian governments, which complete the automaker’s $6.7 billion loan total. The automaker wired $4.7 billion to the U.S. Treasury Department and $1.1 billion to Canada.
Ford Motor Co., the only U.S. carmaker to avoid bankruptcy in 2009, posted a 43 percent surge in its February U.S. sales and simultaneously set a higher second-quarter production plan for North America.
Saab, the Swedish carmaker that used the tagline “Born From Jets” but whose recent performance had taken the company into a severe tailspin, has been purchased by Spyker, the small Dutch sportscar manufacturer.
There’s no hotter (some say no more important) topic in the automotive industry than the evolution of electric and hybrid cars. Bob Lutz, General Motors Vice Chairman, apparent isn’t among the believers.
No more free cars for Tiger Woods. At least as far as General Motors Co. is concerned. In the continuing aftermath of Woods’ scrutinized personal life via his November car accident and revelations of marital indiscretions, a GM spokesman said Woods’ complimentary loaners ended Dec. 31.
General Motors (GM) will restore an estimated 3,000 jobs in United States facilities and will increase its North American production by as much as 45 percent in 2010. GM expects to increase North American production to about 2.8 million vehicles in 2010 and thus will add shifts and restore about 2,400 jobs at three U.S. assembly plants next year.
General Motors has unveiled the Chevrolet Volt electric vehicle, the much-anticipated combination electric-gasoline that will be able to run up to 40 miles without using its small gasoline engine to produce electricity. The Volt will be driven by electricity stored in a large T-shaped lithium-ion battery pack running the length of the car. After charging for several hours, the Volt will be able to operate about 40 miles without using gasoline.
In its elaborate plans to appease consumers’ changing buying choices, General Motors Corporation will invest more than half a billion dollars in its Ohio manufacturing plant. It’s where Chevrolet will assemble the Cruze, its new compact vehicle set to debut in the United States as a 2011 model.
General Motors, the California Environmental Protection Agency (Cal/EPA) and the California Integrated Waste Management Board (CIWMB) have announced they’re joining forces to encourage drivers to … Read more
How’s it possible to loss $38.7 million in a year? Not even General Motors is like sure exactly how it happened. But the world’s largest … Read more