Archive for the ‘General Motors’ Category

General Motors files for its long-awaited IPO

General Motors filed for what could be the 2nd largest American Initial Public Offering ever resulting in a reduce stake of the US Govt. According to Bloomberg, GM may seek to raise as much as $16 billion in the IPO, a person familiar with the plans said last week, making it the second-largest in U.S....

August 18th, 2010 | General Motors | Read More

GM Commemorates 30 Years of Aerodynamic Progress

For 30 years, engineers have used the GM Aerodynamics Laboratory to improve fuel economy by helping cars and trucks slip through the air more easily. Put into operation in August 1980, the wind tunnel is the largest of its type dedicated to automotive work. Over three decades, engineers have cut the...

August 4th, 2010 | General Motors | Read More

No GM public offering before October

The US Treasury Department said Thursday there would be no initial public offering of government-rescued automaker General Motors before October. "Exact timing of the offering will be determined by GM in light of market conditions and other factors, but will not occur before the fourth quarter of this...

June 11th, 2010 | General Motors | Read More

GM recalls over 1.3 million vehicles for fire hazard

Auto giant General Motors has recalled more than 1.3 million vehicles in the United States over fears that an electrical fault could cause them to catch fire, US government documents showed Tuesday. The problem, linked to the vehicles' windshield wiper fluid system, affects at least 18 models ranging...

June 8th, 2010 | Cadillac, Chevy, GMC, General Motors, Hummer, Recall News | Read More

GM US sales jump 16.6% in May

General Motors said Wednesday its US sales rose 16.6 percent in May from a year earlier, the eighth consecutive month of gains for the top US automaker. GM said 223,822 cars and trucks were sold in May, outpacing April sales of 183,091 vehicles. The carmaker, which was rescued from bankruptcy by the...

June 2nd, 2010 | Buick, Chevy, GMC, General Motors | Read More

GM returns to profit in 2010 first quarter

US auto giant General Motors reported Monday a post-bankruptcy quarterly profit for the first time in three years of nearly 900 million dollars. The net income during the January-March period came on the back of sales and revenue of 31.5 billion dollars, up from 22.4 billion dollars in the corresponding...

May 17th, 2010 | General Motors | Read More

GM Employees Help Kids Learn to Keep Water Clean

General Motors Co. workers from two Lansing plants are helping school children understand what they can do to help keep local groundwater safe and clean as part of the 15th annual Children’s Water Festival today at Michigan State University. More than 2,000 fourth, fifth and sixth graders from school...

May 13th, 2010 | General Motors | Read More

GM Looks to Hawaii for Hydrogen Infrastructure Pilot

Abundant hydrogen is available on the island of Oahu to power a ramp up of fuel cell vehicles through a General Motors collaboration with The Gas Company (TGC), Hawaii’s major gas energy provider, the two companies announced Tuesday. TGC produces hydrogen along with synthetic natural gas and delivers...

May 11th, 2010 | General Motors, Green | Read More

GM To Invest $890 Million To Build Cleaner, More Fuel-Efficient Engines

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. The investment consists of the following: Two plants will support the engine production: Tonawanda,...

April 27th, 2010 | General Motors | Read More

GM has repaid all government loans: CEO

NEW YORK: General Motors said it had fully repaid billions of dollars in government loans five years early, prompting its CEO to proclaim the once-crippled automaking giant was making "great progress." The White House seized on the fact that GM had reimbursed 8.4 billion dollars to the US and Canadian...

April 22nd, 2010 | General Motors | Read More