Archive for ‘general motors’

General Motors shuts down Saab

General Motors announced today that the intended sale of Saab Automobile AB would not be concluded. After the withdrawal of Koenigsegg Group AB last month, GM had been in discussions with Spyker Cars about its interest in acquiring Saab. During the due diligence, certain issues arose that both parties believe could not be resolved. As a result, GM will start an orderly wind-down of Saab operations. Continue reading »

GM selling new cars on eBay

eBay and General Motors have launched of a first-of-its-kind promotion that enables consumers to ‘click and buy’ new cars, crossovers and trucks online from participating California-based Chevrolet, Buick, GMC and Pontiac dealers at outstanding values. The new car shopping website, at gm.ebay.com, will be available to consumers from August 11 through September 8 of 2009. Continue reading »

Chevrolet, Cadillac and Buick available for lease again

General Motors Company announced an expansion of leasing today with enhanced lease programs on select 2009 and 2010 Cadillac, Buick, GMC and Chevrolet models. The leases, offered by U.S. Bank, are part of a pilot program that includes select GM vehicles sold in New York, New Jersey, Connecticut, Michigan and Ohio. The pilot is currently planned to run through August 31, 2009. Continue reading »

Pontiac G8 may come back as Caprice U.S. police car

The Pontiac brand was made redundant as part of GM’s restructuring, effectively taking with it the class-leading Pontiac G8 that was based on the Australian Holden Commodore. GM spokesmen have announced that the G8 will not be coming back as a Chevrolet product, even though it continues to be sold as a Chevrolet in various foreign markets. But after Bob Lutz let slip that the G8 would come back as a new-generation Chevrolet Caprice, GM CEO Fritz Henderson has backtracked, saying that it might come back only as a police vehicle. Continue reading »

General Motors 72-Hour sale in effect

General Motors has announced a “72-Hour Sale,” running from July 1 to July 6, 2009, where low-rate financing of 0% for up to 72 months will be offered to “well-qualified buyers” on select 2009 and 2010 vehicles in dealer stock. The offer designed to clear stocks of slow-selling Chevy and GMC models, as well as Pontiac models from the dead-man-walking brand. Continue reading »

Chevrolet Volt working prototype hits the road

The General Motors Pre-Production operations center at the Warren, MI Tech Center has finished work on the first of 75 “integration” prototypes of the Chevrolet Volt. The first car was completed a week ahead of schedule, and it is already on the streets undergoing tests. Continue reading »

Saab bought by Koenigsegg and other investors

Swedish TV reports suggest that Koenigsegg, maker of extremely high-end exotic supercars, along with a group of Norwegian investors, have signed a letter of intent with Saab to buy out the ailing brand from General Motors. Continue reading »

2010 General Motors U.S. product list

General Motors has made an official announcement on what cars they will offer for the 2010 model year. GM will focus on four brands, namely Buick, Cadillac, Chevrolet and GMC, while Pontiac will die out after 2010, Saturn has been sold to Penske, and Hummer has been sold to some Chinese heavy machinery outfit. Continue reading »

Dark sky as GM sells Saturn to Penske

General Motors has sold their Saturn brand to Penske Automotive Group. The deal would save more than 350 dealerships and 13,000 jobs at Saturn and its retailers in the United States, and preserve most of the customer-focused brand’s model range, but a few do not make it. Continue reading »

General Motors officially bankrupt

General Motors, once the world’s largest automaker, has officially filed for bankruptcy. As analysts have known for months finally got confirmed, the largest car manufacturer in the world filed for “Chapter 11 bankruptcy protection” on June 1, 2009 in a New York court, declaring $82 billion in assets and $172 billion in debts. Continue reading »

General Motors may build Chevy Spark in idle factory

Ailing automaker General Motors just announced plans to build a future small car in the United States, utilizing an idled UAW-GM factory. This new sub-compact model will slot in under the upcoming Chevrolet Cruze. Continue reading »

GM to close 1100 dealerships by 2010

As part of GM’s viability plan, General Motors plans to reduce its dealer network from 5,969 stores today to approximately 3,600 by the end of 2010. Continue reading »

Leaked: GM planning to sell Chinese-built cars in America

General Motors already has plants in China, where Buick is wildly popular, but so far the American firm has only sold their Chinese-built rebadge jobs in China itself. Now there is a leaked planning document that supposedly shows the automakers planss to ship 17,000 cars from China for sale in the U.S. in 2011. If GM succeeds in importing vehicles to the U.S. from China, it would be the first automaker to do so successfully. Continue reading »