You are here » Home / News / Auto Brands / General Motors

Archive for the ‘General Motors’ Category

Govt offers GM loan to safeguard jobs

Govt offers GM loan to safeguard jobs
The government on Friday announced it had agreed a loan of 270 million pounds for General Motors to help protect jobs in Britain. GM had decided to sell its European arm, which makes Vauxhall cars here, but changed its mind after its own rescue by the US government. Business Secretary Peter Mandelson...
March 12th, 2010 | General Motors | Read More

GM offers to reinstate 661 US dealers

GM offers to reinstate 661 US dealers
General Motors on Friday offered to reinstate 661 US dealerships slated for closure under its massive restructuring plan, amid legal challenges from the dealers and pressure from lawmakers. GM sought to shut down about 2,000 dealers - or about a quarter of its network - in order to increase profitability...
March 6th, 2010 | General Motors | Read More

GM says Bob Lutz to step down in May

GM says Bob Lutz to step down in May
Embattled US automaker General Motors on Wednesday announced its vice chairman and industry veteran Robert Lutz would retire in May, amid a shakeup of the firm's senior managers. "Lutz will retire effective May 1, 2010, capping a 47-year career in the global auto industry that included senior leadership...
March 4th, 2010 | General Motors | Read More

GM to more than triple Opel investment

GM to more than triple Opel investment
US automaker General Motors said Tuesday it would more than triple its contribution to a rescue of ailing European division Opel/Vauxhall, providing more than half the total after calls from European governments. Opel said in a statement that GM would invest 1.9 billion euros (2.6 billion dollars) "as...
March 2nd, 2010 | General Motors, Opel | Read More

GMAC stable after latest bailout

GMAC stable after latest bailout
GMAC, the troubled former finance arm of General Motors, has been "stabilized" since the latest government bailout, a special US adviser told a congressional panel Thursday. Ron Bloom, a senior adviser to the US Treasury for the restructuring of the auto sector, told the Congressional Oversight Panel...
February 25th, 2010 | General Motors | Read More

GM to invest in fuel efficient engines

GM to invest in fuel efficient engines
General Motors said it will announce a major investment in fuel efficient engines Thursday amid a broader expansion of its US operations following years of painful cuts. GM will spend millions to upgrade and expand three plants to produce the next generation of its four-cylinder Ecotec engine, the automaker...
February 18th, 2010 | General Motors, Green | Read More

NASA and GM Create Cutting Edge Robotic Technology

NASA and GM Create Cutting Edge Robotic Technology
NASA and General Motors are working together to accelerate development of the next generation of robots and related technologies for use in the automotive and aerospace industries. Engineers and scientists from NASA and GM worked together through a Space Act Agreement at the agency's Johnson Space Center...
February 4th, 2010 | General Motors | Read More

GM to invest $246m in electric motors

GM to invest $246m in electric motors
General Motors announced plans Tuesday to invest 246 million dollars to design and manufacture electric motors, saying the first were scheduled to debut in 2013 in a next generation, rear wheel drive hybrid vehicle. The company, 61-percent owned by the US government since being saved from collapse last...
January 26th, 2010 | General Motors | Read More

Confirmed GM chief vows to repay loans by June

Confirmed GM chief vows to repay loans by June
General Motors has given the wheel of the troubled auto giant to Ed Whitacre, who agreed to become permanent chief executive in addition to chairman as he pledged to speed repayment of government loans. Whitacre on Monday accepted a board request to become permanent CEO at the struggling US auto giant...
January 26th, 2010 | General Motors | Read More

Whitacre to be confirmed as GM chief

Whitacre to be confirmed as GM chief
US auto giant General Motors interim chief executive Ed Whitacre is to be named permanent CEO and chairman, the CNBC business news network said Monday, quoting company sources. Whitacre stepped in as the temporary CEO after Fritz Henderson stepped down from the position last December as the number one...
January 25th, 2010 | General Motors | Read More
Page 1 of 1512345»...Last »