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Post Tagged with: "general motors"
GM: 2014 Cadillac CTS will start at $46,025
General Motors announced the pricing for the 2014 Cadillac CTS sedan. It will have a starting price of $46,025, including a $925 destination fee. According to the automaker, the 2014 Cadillac CTS price is about $6,000 higher than the current model, but the new model is about 250 pounds lighter with more power, space and [...]
General Motors names Gerald Johnson to lead North America manufacturing
General Motors has appointed Gerald Johnson as North America manufacturing vice president, effective July 1. Johnson succeeds Diana Tremblay, who was named vice president of GM’s new global business services group. Johnson is a 33-year GM veteran. He will lead a team of more than 74,000 employees who work in 56 facilities including assembly, stamping, [...]
GM hires new advertising agency for Cadillac brand
General Motors has hired a new Detroit-based consortium of three advertising agencies to manage Cadillac marketing work, Detroit Free Press reports. The consortium is controlled by New York-based Interpublic Group, which also owns the firm that handles advertising for Chevrolet. The three agencies — Campbell Ewald, Lowe and Hill Holiday — will direct Cadillac ads [...]
GM to lay off 560 workers at Romulus plant in Michigan
General Motors is laying off 560 workers at its engine plant in Romulus near Detroit, Mich., reports Detroit Free Press. The automaker is retooling the plant build a new, more efficient V-6 engines. The plant now builds several V-6 and V-8 motors for trucks as well as industrial and marine uses. When the $390 million [...]
US Treasury Department prices GM stock shares
The U.S. Treasury Department has priced 30 million share of General Motors stock. The GM shares were priced at $34.41 per share. The sale is expected to result in aggregate proceeds to the government of $1.03 billion. Treasury set the price for its stock after the markets closed on Thursday. GM stock closed Thursday at [...]
GM launches 2-year free maintenance program
General Motors announced that it is offering a free maintenance program for two years or 24,000 miles on new 2014 Chevrolet, Buick or GMC cars, trucks or crossovers. The maintenance program includes free oil and filter changes, rotation of tires and 27-point vehicle inspection and a free car wash. The program covers up to four [...]
US Treasury, UAW trust plan to sell 50 million GM shares
The U.S. Treasury Department and the UAW retiree health care trust plan to sell a total of 50 million shares of General Motors (GM) stock this week, reports Detroit Free Press. The treasury department would sell 30 million shares in a public offering tied to GM’s return to the Standard & Poor’s 500 Index, which [...]
2014 Chevrolet SS Priced At $44,470
General Motors today finally announced pricing for the all-new 2014 Chevy SS. Starting price is $44,470, including a $995 destination charge. The option list for the SS is seriously short: a $900 sunroof, a $500 full-size spare tire, and five exterior colors. Although the option boxes are few, the SS is still a premium offering. [...]
General Motors rejoining S&P 500 Index
General Motors (GM) is planning to rejoin the Standard & Poor’s (S&A) 500 Index, reports Detroit Free Press. GM will replace H.J. Heinz on the S&P 500 after the close of trading Thursday, a spokesman for the index said Monday. GM shares traded about 4% higher at $35.68 in after hours trading Monday, after gaining [...]
Chevy Malibu Gets Quick Refresh for 2014
Chevrolet has unveiled the refreshed 2014 Malibu this week only one year after its last redesign. Slow sales and harsh reactions led GM to reconsider the 2013 Malibu’s design and content. More power, better fuel savings, handling improvements, and more rear leg room puts consumer on the winning side of the 2014 refresh. The front [...]
