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GM accusing car hauler of keeping 1,704 new vehicles hostage

General Motors Co. filed a lawsuit in federal court in Detroit against car hauler Allied Systems Holdings, asking them to return 1,704 new vehicles they supposedly kept after the carmaker... Read more

GM to expand into offering dealers loans, says Dan Amman

General Motors Co.’s treasurer Dan Amman said GM is looking for ways to expand into offering dealers loans to purchase new inventory. Amman, who takes over as chief financial officer on... Read more

Bob Lutz may return to GM as a paid consultant

Former General Motors Co. product chief Robert Lutz may be taking on an advisory role in the carmaker, according to a report from The Detroit News. GM and Lutz have been in discussions... Read more

GM signs $900 million deal to export Cadillac, Buick and Chevrolet cars to China

A two-year deal worth $900 million was inked recently by General Motors Co. and its Shanghai General Motors joint venture. This would mean that GM can now export Cadillac, Buick and... Read more

GM tapped Mary Barra as its head of global product development

Mary Barra was named General Motors Corp.’s head of global product development, succeeding Tom Stephens, who was recently named GM’s global chief technology officer. The 49-year-old Barra... Read more

General Motors is considering buying back part of Ally Financial

Sources told the Wall Street Journal that General Motors Co. is thinking about buying back part of Ally Financial, its former GMAC auto loan business. According to people who claimed to... Read more

SAIC Motor might gain access to GM’s sales network in the U.K.

SAIC Motor Corp. might be given access to partner General Motor Co.'s UK sales network, according to Kevin Wale, president and managing director for GM's China operations. At a Reuters'... Read more

GM may re-enter WRC to appeal to younger consumers

To boost the image and selling prices of European brands Vauxhall and Opel, General Motors Co. mulls entering the World Rally Championship for the first time in over 20 years. Nick... Read more

GM shares shares finished their first day up by 3.6 percent

On the first day of General Motors Co. on the New York Stock Exchange, its shares went up by 3.6 percent amid heavy volume. Its shares closed at $34.19, signifying a $1.19 gain over its... Read more

GM will probably price its initial public offering at high end or above

General Motors Co. will likely price its initial public offering at or above the high end of the range next week on Nov. 17 while exercising an option to sell more shares, according to... Read more

GM starts production of 2011 Chevrolet Cruze with RS package

Production of General Motors Co.’s Chevrolet Cruze compact car with the optional RS appearance package began only last week. Output was delayed by over three weeks due to quality issues... Read more

GM’s IPO earnings before interest and taxes may rise to as much as $19 billion

In the pitch that General Motors Co. is giving investors about its initial public offering, it is claiming that its earnings before interest and taxes could rise up to $19 billion in what... Read more

GM to use private jets for meetings with investors over IPO

There’s another controversy brewing as General Motors Co. executives will be hopping on some charter flights on trips within the next few weeks to meet with prospective investors to talk... Read more

GM will look to sell just over $10 billion worth of common stock, report says

Sources told Reuters that General Motors expects to sell a little over $10 billion worth of common stock and $3 billion of preferred stock in an initial public offering that is aimed to... Read more

GM will offer owners mobile applications to access their vehicle information

Owners of new 2011 Chevrolet, Buick, Cadillac, and GMC vehicles mobile applications are now able to access their vehicle information and OnStar services from their smartphones. The mobile... Read more

GM pays debt before IPOa and gears up factories before IPO

As General Motors Co.’s initial public offering nears, it is showing how good a company it is now by investing in small cars, planning to add more workers and fulfilling its obligations... Read more

Spyker’s takeover of Saab widens loss in 3Q 2010

Citing takeover costs, Spyker Cars NV posted a wider third-quarter loss and lowered this year's production forecast for Saab. Spyker, which bought Saab last February, released a statement... Read more

SAIC might invest in GM’s initial public offering (IPO)

When asked about the possibility of investing in General Motors Co's initial public offering, SAIC Motor Corp. chairman Hu Maoyuan said that it has yet to make a decision but it does not... Read more

GM sees protest against plans to build a new small car with low-wage workers

In protest of General Motors Co.’s plans to produce a new small car with low-wage workers, about 100 of the carmaker’s workers and retirees held a picket outside the UAW's headquarters in... Read more

5 percent of the GM IPO will be allocated to employees, retirees and dealers

Up to 5% of General Motors Co.’s common stock will be sold in its initial public offering for its employees, retirees and dealers, according to a filing that GM submitted to the US... Read more

GM aims to sell 15 percent more vehicles in China next year

In 2011, General Motors Co. targets a 10% to 15% increase in sales in China in line with the growth rate it expects for the market, according to Kevin Wale, president and managing... Read more

GM to expand its OnStar communications service into six new markets

To appeal to those seeking technology and safety features in their new cars, General Motors Co. plans to expand its OnStar communications service into six new markets, including Brazil... Read more

GM to build four-cylinder Ecotech engines at former Saturn plant

Production of General Motors Co.’s next-generation four-cylinder Ecotec engine will be done at its former Saturn plant in Spring Hill, Tenn. Designed to provide reduced noise and... Read more

Carlos Ghosn said he had ‘no hesitation’ in declining offer to lead GM

The US government made an offer last year to Carlos Ghosn, the CEO of Nissan Motor Co. and Renault SA, to transfer to General Motors Co. Ghosn says now that he didn’t hesitate to decline... Read more

GM Powertrain to double engine manufacturing capacity by 2013

General Motors Powertrain aims to expand production and double engine manufacturing capacity at its Hungarian plant by 2013 from 460,000 units each year, according to a report from the... Read more

GM’s OnStar may offer some free services next year to rival Ford’s Sync

OnStar also known as General Motors’ in-car communications unit may some free services next year in order to compete with Ford’s 's Sync music and information system. These words came... Read more

U.S. Treasury concerned about the number of foreign investors in GM IPO

The Wall Street Journal said that the US Treasury is apprehensive about the number of foreign investors it should permit to purchase big stakes in General Motors Co.'s proposed initial... Read more

GM to begin courting investors for its IPO after elections

Sources reveal that General Motors Co. intends to start courting investors for its initial public stock offering immediately after the US mid-term congressional elections on Nov. 2. They... Read more