Rumor: GM, PSA to build joint facility in Brazil
Partners General Motors and PSA/Peugeot-Citroen are in talks regarding the construction of a joint facility in Brazil, the country's news magazine Veja reported without citing sources.... Read more
GM Korea’s CEO denies plans to shift production out of South Korea
The chief executive of General Motors’ South Korean unit disclosed Thursday at the Busan auto show that there are no plans to transfer the production of Chevrolet vehicles from South... Read more
GM’s Facebook ads didn’t work due to the banality of the content
There’s more to General Motors’ decision to stop paying for Facebook advertising than you may think. There are those in the industry who believe that GM’s clickable banner ads didn’t... Read more
GM will stop advertising during the Super Bowl due to the high costs
Don’t expect to see an ad from General Motors during the next Super Bowl. GM has said that this is part of the company’s plan to shake up its strategy. Just a few days ago, GM said that... Read more
GM’s Dan Akerson gives self a “B” grade for his two-year exploits
Dan Akerson has given himself a “B” rating for his two-year performance as chief executive officer of General Motors Co. The rating means, according to Akerson, that he is not satisfied... Read more
Warren Buffett’s Berkshire Hathaway buys 10 million shares in General Motors
Berkshire Hathaway Inc. owns 10 million shares in General Motors Co. as of March 31, 2012, according to the company’s quarterly filing submitted to the US Securities and Exchange... Read more
GM pulls out all of its ads on Facebook ahead of IPO
General Motors has decided to pull out all of its ads on Facebook due to their ineffectiveness, according to a report on The Wall Street Journal. Reuters said that the report has been... Read more
General Motors to buy out the pensions of salaried retirees?
After Ford Motor Co. made the offer in April to buy out the pensions of salaried retirees, the spotlight is now on whether General Motors is doing the same thing. GM hasn’t commented... Read more
Chevrolet Trax not coming to the United States
General Motors Co. plans to launch the Chevrolet Trax at the Paris auto show in September and to roll out the small crossover in more than 140 global markets excluding the United States.... Read more
Ally Financial’s ResCap files for bankruptcy with at least $1 billion in both assets, debts
Mortgage company Residential Capital LLC has filed a Chapter 11 petition today in U.S. Bankruptcy Court in Manhattan, listing at least $1 billion each in liabilities and assets. The... Read more
U.S. government doesn’t plan to end its part ownership of GM in the near future
The U.S. government has no foreseeable plans to put an end to its being a part owner of General Motors, The Detroit News reports. Tim Massad, who serves as the acting assistant secretary... Read more
General Motors filed a trademark for the Riviera name
Buick’s choice of names for its new products is quite tricky because of the wide range of nameplates from its rich history. One example is Riviera, an intriguing historical nameplate that... Read more
Romney is claiming credit for auto industry’s turnaround
Seeking to earn support for his presidential aspirations, Mitt Romney did the most unlikely thing – taking credit for the turnaround of the auto industry. Romney was one of the largest... Read more
GM Financial records flat growth for leasing for first quarter of 2012
GM Financial, a financial services arm of General Motors that offers auto financing through the carmaker’s dealers has reiterated last week its goal of effecting growth in leasing.... Read more
GM seeking for bids for its powertrain plant in Strasbourg
General Motors Co. is seeking for bids for its powertrain plant in Strasbourg, France. GM is making the second attempt in four years to sell the plant amid hopes that the factory will... Read more
Mark Barnes appointed GMIO Vice President of Sales, Marketing and Aftersales
General Motors has named Mark Barnes as the new vice president of sales, marketing and aftersales for its international operations. Barnes, 52 years old, is a veteran sales executive with... Read more
GM dealerships face issue on overstocked GMC Sierras, Chevy Silverados
Having extra GMC Sierras and Chevy Silverados in their lots is reality for many dealerships of General Motors lately. For example, Rox Covert, a Texas dealer, has around four months'... Read more
Analysts forecast Toyota to exceed GM’s earnings next fiscal year
Analysts expect Toyota Motor Corp. to post its largest profit in five years and surpass General Motors Co.'s earnings this incoming fiscal year. According to the average of 21 analyst... Read more
GM legally avoided paying U.S. federal income taxes since exiting bankruptcy
Even as General Motors Co.’s worldwide tax rate will rise by up to 13%, it still doesn’t have to pay U.S. federal income taxes. It was exempted ever since it exited bankruptcy. Since... Read more
General Motors reorganizes R&D, cuts jobs at Detroit and India centers
General Motors is restructuring its R&D operations and cutting back on some jobs in the process. According to an insider requesting anonymity, the automaker intends to eliminate around... Read more
GM’s first quarter profits declined to $1 billion
General Motors said that it has a disappointing outlook for the next six months at its core market in North America as it revealed its concerns about the recovery of the U.S. economy. The... Read more
GM seeks smaller stake in truck manufacturer Isuzu, an insider reveals
General Motors Co. is currently seeking a smaller share (compared to its initial proposal) of Isuzu Motors, which wants to stay independent, an individual familiar to the situation... Read more
SAIC-GM-Wuling to build microvans in India, Egypt with kits from China
The Chinese microvan joint venture of General Motors will commence production at two facilities in Egypt and India with the use of kits imported from China. Specifically, SAIC-GM-Wuling... Read more
Next GM CEO might be a woman, says Dan Akerson
Will a woman soon be the head of the world's largest automaker? Dan Akerson, CEO of General Motors Co., has confirmed that this is possible since Mary Barra, the company’s highest-ranking... Read more
Isuzu in talks with GM about jointly selling commercial vehicles
Negotiations will soon begin between General Motors Co. and Isuzu Motors Ltd. about jointly selling commercial vehicles in Asia and in Central and South America, according to a Nikkei... Read more
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