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Dutch sports car maker Spyker NV has disclosed that it will appeal a decision by United States District Judge Gershwin Drain of the US District Court for the Eastern District of Michigan dismissing its $3 billion lawsuit against General Motors Co. Spyker has accused GM of trying to collapse Swedish carmaker Saab.
Saab said that after a “careful review” of the ruling of the district court, it decided to make an appeal. In dismissing Spyker’s lawsuit, Judge Drain said on June 10, 2013, that GM had a contractual right to approve or disapprove the proposed sale of Saab to Zhejiang Youngman Lotus Automobile Co.
Saab halted production in May 2011 when it lost ability to pay suppliers and it workforce. For several months, Spyker and former Saab CEO Victor Muller had attempted to implement a rescue agreement with different investors from Russia, Middle East and China, which include Youngman and Pang Da Automobile Trade Co Ltd. The rescue agreement with Youngman, however, failed to push through after General Motors, Saab’s former owner, declined to approve the sale. This eventually resulted in Saab being declared as bankrupt. Saab declared bankruptcy in December 2011, less than two years after GM sold the carmaker to Spyker.Read the entire article Spyker to appeal court dismissal of Saab suit vs GM
Judge Gershwin Drain of the United States District Court for the Eastern District of Michigan has dismissed a $3-billion lawsuit filed by Dutch sports car maker Spyker against General Motors Co. Spyker filed a suit against GM in August 2012, accusing the US carmaker of trying to prevent an agreement to sell collapsed Swede carmaker Saab to Zhejiang Youngman Lotus Automobile Co. as well as trying get rid of possible competitor in China.
In dismissing Spyker’s lawsuit, Drain said that GM had a contractual right to disapprove the proposed agreement. He ruled that GM had the right to block the sale of Saab, which is using its technology. He said that the acquisition agreement that gives GM the right to stop Saab’s change of ownership "is clear, unambiguous and absolute."
Drain added that GM’s statements expressing its opposition to the Youngman deal were not made with malice or to intentionally harm Saab. GM spokesman Dave Roman told Reuters in an e-mail that the carmaker is pleased with the court's decision to dismiss the case.Read the entire article US judge dismisses Spyker’s $3-billion suit against GM
Spyker NV said last Monday that it will oppose General Motors Co.’s motion to dismiss the lawsuit that the Dutch sports car maker filed against GM for over $3 billion on behalf of Saab. Last Friday, GM dismissed claims that it had intentionally collapsed the Swedish company by obstructing a deal with a Chinese investor.
To respond to the case filed in the U.S. District Court for the Eastern District of Michigan, GM said that it legally had the right to give approval to Saab's contract with China's Zhejiang Youngman Lotus Automobile Co. Previously, GM said that the lawsuit filed last month by Spyker didn’t have merit. In a statement last Monday, Spyker said it will contest the motion to junk the case on Nov. 9, on the assumption that the court gets an extension to which GM has agreed to.
Saab ended production in May 2011 when it could not anymore pay suppliers and employees. Less than two years after Spyker was sold by GM, it became bankrupt last December. For several months, Spyker and former Saab CEO Victor Muller had attempted to implement a rescue deal with different Russian, Middle Eastern and Chinese investors, which include Youngman and Pang Da Automobile Trade Co Ltd.Read the entire article Spyker to oppose GM’s motion to dismiss Saab lawsuit
General Motors filed a response in the U.S. District Court for the Eastern District of Michigan to reject claims made by Saab's parent that GM intentionally bankrupted the Swedish company by obstructing a deal with a Chinese investor. The lawsuit is valued at $3 billion. GM replied that it held the legal right to grant Saab's transaction with China's Zhejiang Youngman Lotus Automobile Co.
In the filings, GM said that the core of the complaint is that GM didn’t approve the transaction plaintiffs had suggested to go into into with Youngman. However, the pertinent contracts did not allow Saab to consummate the proposal without GM's consent. GM had already indicated previously that this lawsuit, which was filed by Saab parent Spyker last month, didn’t have merit.
Saab, which is one of the most famous brands in Sweden, halted production in May 2011 when it couldn’t anymore pay its workers and suppliers. It became bankrupt in December, less than two years after Dutch sportscar maker Spyker bought it from GM. The U.S. automaker’s moves to put a stop to any sale were done to eradicate a possible competitor in China, Spyker revealed in the lawsuit.Read the entire article GM rejects claims made in the $3 billion lawsuit filed by Spyker
Spyker has agreed to a request by General Motors to extend the deadline to respond to a legal action that seeks over $3 billion in damages. The deadline was originally set Aug. 28, 2012, but was postponed to Sept. 28, 2012. Spyker is taking legal action against GM, in behalf of its Saab unit, alleging that the US carmaker deliberately bankrupted the Swedish automaker by obstructing a deal with a Chinese investor.
In a statement, Spyker said that GM's actions had the direct and intended objective of pushing Saab into bankruptcy, a consequence of the US carmaker’s interference with a transaction between Saab Automobile AB, Spyker and Chinese investor Youngman. Spyker said the deal would have enabled Saab Automobile AB to restructure and remain solvent.
GM described the Spyker lawsuit as "without merit." Saab collapsed financially on December 2011, nearly two years after Spyker acquired it from GM. Saab’s bankruptcy came after several failed attempts to entice investors and perk up the company. Saab was declared insolvent after incurring around SEK13 billion ($1.8 billion) in debts, around SEK2.2 billion of which is due to the Swedish Debt Office.Read the entire article Spyker agrees to extend deadline for GM lawsuit response to September 28
General Motors and Spyker Cars NV have reached a binding agreement regarding the latter’s acquisition of Saab Automobile AB from the American carmaker. As part of the deal, Spyker would set up a new company -- Saab Spyker Automobiles – to keep the Saab brand.
While a deal has been reached, it is still subject to customary closing conditions, like the receipt of approvals from regulators, government and court. Currently, the Swedish government is evaluating the agreement. It is also reviewing a related request for guarantees of a Saab Automobile loan requested from the European Investment Bank.
Should the sale go as planned, it could be finalized in mid-February. Pending the closure of the sale, plans to wind down activities at Saab are now suspended. John Smith, GM vice president for corporate planning and alliances, described the agreement as “great news” for Saab employees, dealers and suppliers as well as for Saab customers for GM.Read the entire article Official: Spyker has agreed to buy Saab from General Motors
Several years ago, on April 15, 2013, Ford and General Motors signed an agreement to jointly use automatic transmissions that both automakers had developed. This was developed mainly for models like the F-150 and the Mustang. For the former, their part of the deal was to share its own 10 speed gearbox to rear wheel drive cars with GM, and in return, they will be able to use the 9 speed gearbox which they can use in front wheel drive crossovers, for a smoother and more efficient drive.
The gearbox seen in this photo, the Hydra-Matic 9T50, which was originally introduced in Chevy models with the 2017 Malibu, 2017 Cruze Diesel and the 2018 Equinox will not find its way inside a Ford model. Rather, the automaker opted to use an eight speed box for models like the Edge and the MKX that replaces the Lincoln Nautilus.
So what made them change their mind? Well, Ford believes that GM’s transmission is not good enough to handle the extra weight that comes from the new gear. That is not all, because it also argues that it does not justify the increased cost required for it to adapt to the Ford models. AutoPacific Inc. analyst, Dave Sullivan, even joked that if he was offered a transmission that did not require much work, outside of tuning it for a specific vehicle, he would take it and run.Read the entire article Ford won’t use GM’s 9 speed automatic transmission due to cost, efficiency snags
General Motors has long faced issues in the European market. After years of experiencing losses, as well as weakening sales, the brand earlier this year sold off not only its Vauxhall brand but even the Opel brand. Opel is the main brand name that GM uses in Europe with the exception of the U.K. In the United Kingdom, Vauxhall, a British subsidiary of Opel, uses its very own brand name.
GM had disclosed that its European operations experienced a $257 million loss, the 16th year it had done so. GM would then sell the Opel and Vauxhall brands to the PSA Group in a deal valued at $2.3 billion.
For those familiar with the matter, the European operations of Chevrolet, known way back as Daewoo, was also halted in 2013. This was after the Chevrolet brand experienced losses amounting to $18 billion over several years. The phaseout was completed by the later part of 2015. Saab, which is another GM brand, was initially sold in 2010 before succumbing to bankruptcy by 2012.Read the entire article GM hints at possible full-scale comeback to Europe
For those of you who are aware of Spyker, you must have heard of the C8 Aileron. The said model has been around for about eight years now and the Dutch automaker has finally decided to give an end to its life. And to give it a proper goodbye, Spyker will produce the final three examples in the racing inspired LM85 spec, together with matching motorsport-inspired liveries.
To achieve this look, the automaker will make use of exposed rivets to attach the LM85’s body panels to the C8 Aileron. It will be given wider fenders as well. The billet aluminum intakes give the exterior a bright flourish. And since the automaker is only going to build three examples of the vehicle, each one of them will be getting a unique paint job.
One of them will be finished in a Jet Black finish with Crimson Red S accents that decorate the body, while the other one is a reverse of the first one, getting a Crimson Red with Jet Black S accents. The third model will be dressed in Jet Black with a Gold S. All three examples will be getting a two-tone leather inside, paired with an aluminum dashboard, accented with Chronoswiss gauges.Read the entire article Spyker ends reign of the C8 Aileron with final 3 units in LM85 specs/liveries
Just last year, Cruise Automation was acquired by General Motors, and today, it is the self-driving startup that is gobbling up companies on its own. General Motors is stepping their game up once more. To make things easier for them when it comes to the development of autonomous cars, they decided to acquire California-based Strobe, Inc. Not a lot of you may have heard of this company, but Strobe specializes in LiDAR technology, and that is a huge step forward for companies who are into autonomous systems for automobiles. After the acquisition, Strobe engineers will become part of the automaker’s Cruise Automation team.
Julie Schoenfeld, Founder and CEO of Strobe, Inc., said in a statement that the successful deployment of self-driving vehicles will have to depend on the availability of LiDAR sensors. Furthermore, GM and Cruise will benefit from Strobe’s deep engineering talent and technology backed by a number of patents. And hopefully, the automaker brings these autonomous vehicles sooner than we would think.
LiDAR is different from radar systems because the former uses laser pulses to “see” an area, whereas the latter relies on radar systems to do the same thing. And the LiDAR, as we know, is much more detailed as it creates a better picture of its surroundings, which translates to a more accurate processing of information. In other words, the LiDAR system can see a more realistic picture of what’s around it - from cars, pedestrians, and the road. Therefore, the LiDAR systems will play a pivotal role in the current and future development of autonomous cars. However, radars and LiDARs can complement each other to create a more robust and fault-tolerant sensing suite, operating in a wide range of environmental and lighting conditions.Read the entire article GM gets closer to producing fully autonomous vehicles with acquisition of Strobe Inc.
The ride-sharing fleet of sharing Lyft Inc. will soon include thousands of specially fitted self-driving Chevrolet Bolt electric vehicles, courtesy of General Motors. If plans push through, Lyft’s clients would be riding in autonomous EVs as early as start of 2018, according to a report by Reuters, citing sources privy to GM’s plans.
This brings the partnership between GM and Lyft to a new level – a technologically advanced collaboration that involves not just innovative electric vehicles, but also ground-breaking autonomous ones. Deploying thousands of self-driving Chevrolet Bolt EV to Lyft would allow the United States-based carmaker to accelerate tests of its autonomous technology on its zero-emission cars. One of Reuters’ sources divulged that Lyft is planning to deploy these autonomous Chevrolet Bolt EVs for testing in a number of states across the US.
GM’s plans are in line with pronouncements of its executives and with its investor presentations in 2016 that it intends to build a high volume of self-driving vehicles and then deploy them in ride sharing services like Lyft. Despite these pronouncements ad presentations, details are still vague as to how many autonomous vehicles will be built or when the US carmaker is specifically planning to deploy them. In fact, GM has only said in recent statement that its autonomous vehicle technology will be featured in an on-demand ride sharing network application sooner than people have expected. It should be noted that the GM acquired a minority stake in Lyft in 2016 for around $500 million.Read the entire article GM to deploy thousands of self-driving Chevrolet Bolt EVs to Lyft’s ride-sharing service
It looks like Opel/Vauxhall will have a new owner soon. This comes as the PSA Group and General Motors are currently holding talks over the possibility of GM selling its Opel unit to the French carmaker.
The discussions were first reported by Reuters and Bloomberg News, citing sources. In a recent statement, GM confirmed that the two carmakers are exploring several strategic initiatives with the objective of improving profitability as well as operational efficiency. GM added that the discussions included a potential acquisition of Opel Vauxhall by the PSA Group. GM also noted that the carmakers have been in alliance since 2012, with the partnership covering three projects in Europe.
Selling Opel to the PSA Group wouldn’t be an easy thing to do for GM. There are quite a number of financial, industrial and political considerations that needed to be factored in. That said, both GM and PSA could also earn some benefits from such transaction.Read the entire article GM confirms holding talks to sell Opel to the PSA Group
Considered as two of the leaders of in fuel cell technology among carmakers, GM and Honda inked in 2013 a long-term agreement to co-develop the next-generation fuel cell system as well as hydrogen storage technologies. The two carmakers also aimed to advance refueling infrastructure to improve the viability of fuel cell vehicles. To achieve this, GM and Honda planned to share expertise and economies of scale as well as pursue common sourcing strategies – thereby making fuel cell systems less costly to produce for the carmaker and more affordable to end consumers.
The agreement resulted in the establishment of the Fuel Cell System Manufacturing LLC (FCSM), a manufacturing joint venture – as its name obviously indicates -- that will focus on the mass production of an advanced hydrogen fuel cell system that will be employed in the upcoming products from GM and Honda. The two carmakers will invest in equal amounts a total of $85 million in the joint venture – the first in the auto industry – with an aim to commence mass production operations by the end of the decade (2020). FCSM will be based within GM’s battery pack production site located in Brownstown, Michigan.Read the entire article GM and Honda create Michigan-based joint venture for mass production of fuel cell systems
It seems that the much publicized breakfast meeting between the new President of the United States of America, Donald Trump, and the chief executives of General Motors, Ford and Fiat Chrysler was a success, given the optimistic attitudes of the carmakers’ top honchos after the discussions.
Also present in the meeting – which GM CEO Mary Barra called as “very constructive” – Matt Blunt, a former Republican governor of Missouri who now serves as head of a US automaker trade association, Vice President Mike Pence, White House chief of staff Reince Priebus and other senior administration officials.
Basically, the meeting centered on bringing more jobs back to the US, which is one of the primary promises that Trump made during the presidential campaign. Discussions also included the possible policies that Trump intends to implement in the auto industry and how he plans to make it more enticing for carmakers to build more assembly plants in the US to create more jobs, thereby keeping jobs in the country.Read the entire article President Trump meets with Big Three CEOs over efforts to open jobs in the US
General Motors has teamed up with OnStar and IBM to create another technological innovation in the automotive world. The OnStar Go, General Motor’s new cognitive mobility platform, aims to help its customers “connect and interact” and purchase items even when on the go.
OnStar Go will make use of the IBM Watson, IBM’s artificial intelligence software and tech platform that reveals various requested data with the use of natural language processing and machine learning. It will then go through the data to identify patterns in the driver’s preferences including their decisions and habits; this information will then be sent to brand and marketing professionals who work with IBM and OnStar for them to provide individualized location-based interactions with their target audience and customers. In short, OnStar Go will provide in-car advertising in each GM model.
This new technology will be making its way in future GM models, and will be the equivalent of a Google Assistant or Siri. It will serve the same purpose as these smartphone assistants, suggesting nearby restaurant offers and even locate the nearest gas station.Read the entire article GM teams with IBM to create new OnStar Go cognitive mobility platform in 2017
In a bid to streamline its various processes in racing engine design enhancements and its eventual application to production car models, General Motors recently announced the opening of its all new GM Powertrain Performance and Racing Center. Located in the Pontiac, Michigan campus, the new facility will house the soon-to-be relocated Performance and Racing team currently housed in their Racing Center in Wixom, Michigan facility.
The new center is part of the $200 million investment of the Pontiac campus and is now directly connected to GM’s Global Powertrain Engineering Center. Comprised of nearly 100 engineers, engine builders and support staff, the Performance and Racing team is mainly responsible for developing new engine designs for NASCAR, NHRA, IndyCar, and IMSA, among others. On the other hand, the Global Powertrain Engineering group is in charge for the production of powertrains for production vehicles.
Dan Nicholson, VP for General Motors Global Powertrain applauds the move. Nicholson observes that with the two divisions within easy reach, the set up offers faster communication between racing engineers and powertrain engineers allowing faster integration of racing tested new technologies to mainstream vehicle production. Nicholson added that “we race to win and learn” which means that racing ultimately benefits the end customers with better performing and safer vehicles.Read the entire article GM opens performance and racing center
Spyker has taken the wraps off its latest sports car at the 2016 Geneva Motor Show, the new Spyker C8 Preliator. This third-generation Spyker sports car features as standard a Head-Up Display (HUD), which is typically found in fighter jets – a nod to the sports car maker’s aviation heritage.
Its name is only fitting, as "Preliator" means "fighter" or "warrior" in Latin and “Fighters” are warplanes that Spyker built between 1914 and 1918. Moreover, "Preliator" has come to symbolize the challenges that Spyker had overcome in the past few years.
A personification of Spyker’s vaunted craftsmanship, the new Spyker C8 Preliator is designed for clients who know the value of bespoke features and the attention to detail of vehicles that Spyker has built in the past and have offered to the public for 15 years now.Read the entire article Fighter jet-inspired Spyker C8 Preliator debuts at 2016 Geneva Motor Show
According to a General Motors (GM) Company executive, the automobile manufacturer will raise the production rate of its Chevrolet Colorado midsize pickup, which has suffered from low supply since it was launched for customer sales 18 months ago.
Production and assembly of the Chevrolet Colorado are being held at GM's plant in Wentzville, Missouri, where its sibling vehicle GMC Canyon is also produced. According to Chevrolet Director of Truck Marketing Sandor Piszar, there is a "hard tooling capacity on the line.”
To meet the demand for the trucks, Piszar said that the company will increase the production capacity at its Wentzville plant. Additionally, GM Wentzville plant spokesman Darin Copeland confirmed that the company is working on the line speed to produce more trucks.Read the entire article GM expands production of Chevrolet Colorado, Canyon at Wentzville Plant to meet global demand
General Motors and Lyft Inc. have entered into a long-term strategic alliance to establish an integrated network of on-demand autonomous vehicles in the United States. As part of the agreement, GM will make a $500-million investment in Lyft and will hold a seat on the ridesharing service company’s board of directors.
The alliance between GM and Lyft has four key elements: Autonomous On-Demand Network; Rental Hub; Connectivity; and Joint Mobility Offerings. Under the agreement, GM and Lyft will jointly develop a network of on-demand autonomous vehicles.
This project will leverage the carmaker's already deep knowledge of autonomous technology and Lyft’s capabilities in providing ride-sharing services. Likewise, with immediate effectivity, the carmaker will become a preferred provider of short-term use vehicles to Lyft drivers through a number of rental hubs spread across various cities in the US.Read the entire article GM and Lyft ink long-term cooperation deal to build US autonomous vehicle network
There are two main qualities that make up a good police car. The first is that it needs to be sturdy enough in order to ram suspect's vehicles or even fences. This is why in the U.S., the preference is to use muscle cars like the Ford Mustang and the Chevy Corvette.
When criminals see this chasing them, the better choice is to surrender at once or face the prospect of being rammed off the road. The second important characteristic that cop cars should have is speed. For what use would a police car be if it is not able to chase down speeding criminals.
While many countries continue to rely on muscle cars, others have chosen to focus instead on speed. A good example of this would be Dubai where one can see a supercar on almost every street. In order to ensure that the law is followed, Dubai's police department has their own counterparts to solve the problem.Read the entire article Top 10 fastest police cars in the world
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