Edward Whitacre Jr., CEO of the General Motors Co. has decided to leave the company starting September 1st. His place will be taken by a GM board member, Dan Akerson. Whitacre has joined the GM board as chairman in 2009 and has planned to step down for some time. In an e-mail sent to GM [...]
General Motors Co (GM), owner of several automotive brands, has announced its intention to acquire the auto-finance company AmeriCredit Corporation in a deal that totals $3.5 billion. Through this acquisition, GM intends to increase its availability for auto leases and loans. After completing the transaction, General Motors will have its own auto lending company, thus [...]
General Motors, June sales: Cadillac reported U.S. sales of 11,788 vehicles in June, a 39 percent increase from the same month last year and the fifth consecutive month of year-over-year sales gains. Through the first half of the year, Cadillac sales are up 33 percent compared to the first half of last year. Cadillac posted [...]
The reason why General Motors has recalled 1,5 million cars and trucks (models from 2006 to 2009) is the heated washer fluid system, that could heat up excessively and pose danger of a fire. The company has decided not to take any risks on this and to recall all the 1,5 million cars so the [...]
General Motors (GM) is negotiating with Google, the giant Internet search engine and now also an actor in the market for ‘smartphones’ to develop Volt mobile app for their cars and compete with Sync / MyFord of Microsoft. Google signed with GM to include the operating system Android, the new competitor to Apple’s iPhone in [...]
General Motors First Quarter 2010 results was marked by revenue of $31.5 billion and operating income of $1.2 billion. Net income attributable to common stockholders was $0.9 billion, resulting in earnings per share on a diluted basis of $1.66. GM‘s first quarter adjusted earnings before interest and tax (EBIT) was $1.7 billion, after adjusting for [...]
The U.S. carmaker General Motors (GM) has already paid “full and with interest” loans from the U.S. and Canada in 2009 to prevent its closure. This was said today by the President and CEO of the company Ed Whitacre. $4.7 billions owed General Motors the U.S. government and another $1 billion to the Canadian. GM Chief [...]
By Liviu Pantea The U.S. automaker General Motors (GM) recorded losses amounting to U.S. $ 4,300 million (3,220 million) between July and December 2009, after the new company emerged from bankruptcy. Over the entire year 2008, the last full year before the group were upheld on judicial protection of the multinational losses totaled 30,900 million [...]
Chevrolet’s growing small-car lineup came together today at the North American International Auto Show with the introduction of the Aveo RS show car – a European-inspired hot hatch aimed at young enthusiasts. The all-new Chevrolet Cruze and the Aveo RS show car – hinting at the next-generation Aveo production car – along with the all-new [...]
During May, EcoDrivingUSA Encourages Americans to Become EcoDrivers EcoDrivingUSA announced today that May is National EcoDriving Month, and the educational program, sponsored by the Auto Alliance, is encouraging all drivers to take simple steps to improve their fuel efficiency and reduce their carbon footprint. To mark the first EcoDriving month, the program is partnering with [...]