GM planning to launch Chevrolet van in several global markets

Article by Christian A., on August 26, 2010

General Motors Co. Vice Chairman Tom Stephens told analysts about its future product plans, one of which is a family van that will soon be launched in several global regions.

Stephens, who is responsible for product development, will base the van on its global compact-car architecture. The analysts were shown a picture of the van during the presentation but the slides were not accessible to the media.

They were also shown a Chevy small-car concept and a Chevrolet SUV concept created by GM's South American region. However, no details were provided on the markets where these models will be made available.

Furthermore, he gave a preview of a three-row Buick business van designed for China. However, he didn't say what the timing would be for the launches of any of these vehicles shown.

During the conference calls, CEO Ed Whitacre and other top executives provided a review of GM's current business operations, including the restructuring in Europe, the growth in other markets and 85% capacity use in North America.

According to two sources, the US (which owns 61% of GM), could sell 20% of its stake in a planned initial public offering, making it a minority owner. At the technical center in suburban Detroit, Whitacre said that it is "not re-introducing GM," but rather, it is "introducing a new GM." Whitacre revealed that GM is poised to break-even during dips in demand. [via autonews]

Topics: gm, chevrolet, van

If you liked the article, share on:

Pin It

Comments

Recommended

Uber has resumed its self-driving tests after having had to temporarily put them on hold following a crash in Arizona on Friday. A Volvo XC90, the test vehicle involved in...
by - March 30, 2017
Owning a supercar in the past meant you’ll have to compromise. But there’s no need for that anymore - thanks to the Ford Performance engineers. The company ensures that you...
by - March 30, 2017
Tesla marked a major milestone as it surpassed Ford in market capitalization. Automaker Tesla, formerly known as Tesla Motors, closed out the trading on March 27, 2017, with a market...
by - March 30, 2017
The mid-cycle facelift for the Mercedes-Benz's S-Class have been disclosed to the public eye via these leaked shots. The images that recently surfaced and others like it were published online...
by - March 30, 2017
Reddit user Jdubbswrx spotted a rather deceptive move coming from the German automotive manufacturer Audi. He posted an image of the supposed exhaust of the new 2018 Audi SQ5 sporting...
by - March 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries