Earlier this week General Motors produced its last Pontiac for the U.S. market, ending the brand’s 82 year run. The final vehicle to roll off the assembly line at 12:45 p.m. on Wednesday, November 25th at the Orion Township plant was a rather unspectacular white G6 sedan which is scheduled to be sold to a… Continue Reading...
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In a surprising move, a potential buyer for Saab has been found from the company’s home country. Nope… note Swedish automaker Volvo, but Swedish supercar maker Koenigsegg. The news comes from the newspaper Dagens Industri and is so surprising because of Koenigsegg’s mass-market obscurity. Koenigsegg has, however, made a success out of its supercar business,… Continue Reading...
A day after filing for Chapter 11 bankruptcy protection, General Motors has announced it has found a buyer for its Hummer brand of SUVs. GM has not, however, named the party. Earlier reports indicated that of the short-list of three potential buyers none of the companies were automakers. One is apparently a U.S. company and… Continue Reading...
According to the reliable folks over at GMInsideNews, on Monday the Obama Administration will announce a bankruptcy deadline for both General Motors and Chrysler. It has been rumored that the government will release more details about its aid for the U.S. auto industry on Monday, but now it appears the announcement will include this strong-arm… Continue Reading...
General Motors has announced that it is putting a hold on a plan to bring a new 4.5-liter V8 diesel engine to market. The new engine would have been used in the light-duty Silverado and Sierra pickup trucks and estimates have it rated at anywhere from the mid-20s to the high-20s in miles per gallon…. Continue Reading...
General Motors has just announced that it’s European operations, including brands Opel and Vauxhall will split-off from GM. The deal would see anywhere from 25 to 50 percent of of GM Europe sold off to private investors, however, GM would continue to hold a majority stake in the company. (Call us crazy, but who would… Continue Reading...
General Motors has just released its fourth quarter “earnings” and they are anything but. GM posted a net loss of $9.6 billion, with an operating loss of $5.9 billion. The loss is the sixth consecutive quarterly loss by the struggling automaker, and is considerably worse than the $1.5 billion the company lost in Q4 last… Continue Reading...
After Saab’s request for “reorganization” was approved by a Swedish court today, the carmaker has announced that it will look to restructure itself as an independent entity. This move is the first step in a process that would allow Saab to restructure itself and renegotiate terms with creditors. This, after Saab said it estimates a… Continue Reading...
As a part of GM’s restructuring plan the company has made the drastic decision to “temporarily” close its High Performance Vehicle Operations department. “All high-performance projects are on indefinite hold,” said spokesman Vince Muniga to Auto News “The engineers are moving into different areas of the organization, and they will work on Cadillacs, Buicks, Chevrolets… Continue Reading...
After General Motors made it clear in its viability report submitted to the U.S. Treasury that the future of Saturn was uncertain at best, it appears as though Saturn’s network of dealers has its own plan. Dan Januska, owner of Saturn of Scottsdale, told the Wall Street Journal that the dealers have been in talks… Continue Reading...
After a flip through GM’s 117 page Viability Plan, submitted yesterday to the U.S. Government, we came across one little surprise. That’s right, the Cadillac CTS, listed in the “Future Product Launches” appendix. Up until now we have just sort of assumed that this car would see production, but now it appears to be official…. Continue Reading...