November 24, 2008
GM And Tiger Woods Announce End To Endorsement Deal
General Motors and Tiger Woods announced today that they will conclude their endorsement deal effective December 31, 2008. Both GM and Woods agreed to a mutual and amicable separation that included a desire for more personal time for the 14-time major winner who is expecting his second child in late winter as well as the search for budget efficiencies during a difficult economy for General Motors. For the past nine years, Woods has endorsed GM products around the world and has been heavily associated with the Buick brand in the US, Canada and China markets.
November 07, 2008
GM Reports Third Quarter Financial Results
GM reported a net loss of $2.5 billion or $4.45 per share for the third quarter, including special items. That compares with a net loss from continuing operations of $42.5 billion or $75.12 per share in the third quarter of 2007, which included a non-cash charge of $38.3 billion to establish a valuation allowance against some of the company’s net deferred tax assets. Revenue for the third quarter was $37.9 billion, down from $43.7 billion in the year-ago quarter, reflecting dramatic sales declines across the industry driven by unstable market conditions, instability in the credit markets and dramatic retraction in consumer demand, especially in North America and Europe.
November 03, 2008
GM Reports 170,585 Deliveries in October
General Motors dealers in the United States delivered 170,585 vehicles in October, down 45 percent compared with a year ago. GM truck sales of 97,119 were down 51 percent and car sales of 73,466 were off 34 percent. The steep decline in vehicle sales was largely due to a significant drop in the market’s retail demand as uncertainty over the deepening credit crisis impacted consumer confidence.
GM Announces $5 billion in Additional Liquidity Enhancement Initiatives
Operating actions announced July 15 remain on track, targeted at $10 billion in cash improvements through 2009
Asset sales of $2-4 billion in process, including Hummer, ACDelco and Strasbourg facilities
Additional actions targeted at further improving liquidity by $5 billion by end of 2009
2009 capital spending reduced by $2.5 billion; key product and technology programs on track
Additional GMNA structural cost reductions of $1.5 billion
Further working capital improvements of $500 million
Further salaried employment cost reductions of $500 million
Engaging the U.S. government to aid the domestic auto industry
November 07, 2008
GM Sells Equity Stake in Suzuki Motor Corp.
General Motors Corp. announced today it would sell its remaining equity stake in Suzuki Motor Corp. but based on a mutual agreement would continue the implementation and expansion of its business relationships with the company.GM plans to sell 16,413,000 Suzuki shares, which is equal to 3 percent of Suzuki’s total issued common stock, on the open market. Based on today’s market price, the shares are worth approximately $230 million.
October 19, 2008
GM Announces Third Quarter Global Sales of 2.1 Million Vehicles, Setting Records in Two Regions
Record-setting sales performance in GM's Latin America, Africa and Middle East and Asia Pacific regions during the third quarter of 2008 helped General Motors sell more than 2.1 million vehicles globally during the third quarter 2008. Compared with the third quarter of 2007, GM's total sales were down 11.4 percent, reflecting continuing economic pressures in the U.S. market, which pushed North America sales down 18.9 percent, and growing pressure in Europe, where sales were down 12.3 percent. Sales of 1.286 million vehicles outside the U.S. accounted for nearly 61 percent of GM's total global sales volume compared with just over 56 percent a year ago.GM sold 6.7 million vehicles in the first nine months of 2008. Sales outside of North America grew by 164,000 vehicles during the same period. On a year-over-year basis, GM total global sales were down 5.8 percent for the first nine months of 2008, again, largely reflecting the economic pressures of the U.S. and Western European markets.
October 13, 2008
GM Latin America, Africa and Middle East Achieves Third Quarter Sales Record
General Motors Latin America, Africa and Middle East (GM LAAM) region broke a Q3 record selling 341,900 vehicles in the quarter, up 11,400 units over the same period in 2007. GM’s volume increase for the quarter was at 3.4 percent. In addition, GM’s quarterly market share in the region stands at 17.0 percent.
October 01, 2008
GM Reports 284,300 Deliveries in September; Highest Monthly Market Share of 2008
General Motors dealers in the United States delivered 284,300 vehicles in September, giving GM its best monthly share so far in 2008. GM's share improvement was led by continued strong performances in the mid-car, crossover and full size truck segments. The GM Employee Discount for Everyone sale built awareness for the company's outstanding lineup and offered compelling values to customers. GM's brands are having divisional sales events this month to keep the marketplace momentum building.
September 25, 2008
GM Announces $370 Million Investment for New Small Engine Manufacturing in North America
General Motors Chairman and Chief Executive Officer Rick Wagoner today announced that the company will invest $370 million in the U.S. to build a new manufacturing plant for its global 4-cylinder engines in Flint, Mich. The plant will begin production in the U.S. in 2010, and will be the exclusive manufacturing facility in North America to produce the Chevrolet Volt’s range extending engine.
September 13, 2008
GM Draws on $4.5 Billion Revolving Credit Facility and Completes Debt to Equity Exchange
General Motors announced today that it intends to draw down the remaining $3.5 billion of its $4.5 billion secured revolving credit facility to maintain a high level of financial flexibility for its ongoing restructuring during these uncertain times in the capital markets. In addition, GM announced the completion of a $322 million debt to equity exchange.
September 03, 2008
GM Reports 308,817 Deliveries in August; Up 31.3 Percent From July and the Highest Monthly Sales Total in 2008; Employee Discount For Everyone Extended
General Motors dealers in the United States delivered 308,817 vehicles in August, making it GM's best monthly total, retail and fleet sales performance so far in 2008. The strong showing was spurred by GM's Employee Discount for Everyone sale in celebration of GM's Centennial later this month. In response to ongoing customer and dealer demand, the sale is being extended through September 30, 2008 and a number of 2009 models are being added due to dwindling 2008 inventories.
August 21, 2008
GM Announces $500 Million Investment for New Small Car
General Motors Chairman and Chief Executive Officer Rick Wagoner today announced that the company will invest more than $500 million in the U.S. to build the Chevrolet Cruze, an all-new global compact car. The vehicle will be built at its Lordstown, Ohio plant. The Chevy Cruze will be officially unveiled at the Paris Motor Show in a few short weeks. In a surprise move, the investment announcement was accompanied by a glimpse of the Cruze life-size show property.
General Motors to Add 1.2 Megawatt Rooftop Solar Installation at Baltimore Powertrain Plant
General Motors announced today it will add a 1.2 megawatt solar power installation to the roof of its transmission assembly plant in White Marsh, Maryland. The system will be deployed under an agreement with SunEdison, North America’s largest solar energy services provider. Under the agreement, SunEdison will finance, install, operate and maintain the system. When fully operational in the third quarter of 2009, the system will be one of the largest rooftop solar installations on the East Coast. The system will consist of more than 8,700 solar panels and will sit on approximately 300,000 square feet of roof space. The installation will generate about 1.4 million kWh of clean renewable solar energy, which is equivalent to the demand of about 140-150 U.S. households with an average annual consumption of 10,000 kWh.
August 13, 2008
GM to Invest $445 Million in New Plant, Thai Operations
General Motors is investing $445 million to build an engine plant and upgrade an existing vehicle assembly plant here, company Chairman and CEO Rick Wagoner announced today. The new 14,492-square-meter (156,000-square-foot) facility will be GM’s first diesel engine plant in Southeast Asia and will provide four-cylinder diesel engines for use by Chevrolet in Thailand and other global markets and brands. Construction began today with the ceremonial pouring of the facility’s first cement pillar during an event attended by 400 guests, including U.S. Ambassador Eric G. John and government representatives from Thailand and other ASEAN nations.
July 15, 2008
GM Fact Sheet: GM Turnaround: Actions and Accomplishments
GM announced operating actions, potential asset sales, and financing activities totaling approximately $15 billion
Announced plans for internal operating and Board of Director actions to generate approximately $10 billion in cumulative cash improvements by the end of 2009
Further reductions in truck capacity and related component, stamping and powertrain capacity
Reducing sales and marketing spending, and holding engineering spending
Reducing U.S. and Canada salaried headcount in 2008
Beginning in 2009, eliminating health care coverage for U.S. salaried retirees over 65, partially offset by pension increases
No base compensation increases for U.S. and Canada salaried employees and no annual discretionary cash bonuses for the executive group
Revising capital spending plans
Targeting working capital improvements, driven by inventory reduction
Deferring payments into the UAW VEBA trust until 2010
Suspending dividends on common stock
Announced additional plans for potential asset sales and financing initiatives to raise additional liquidity of $4-7 billion
Broad global assessment of assets for potential sale or monetization
Strategic analysis underway for HUMMER
Plan to opportunistically access global markets for capital
August 01, 2008
GM Reports Preliminary Second Quarter Financial Results
General Motors today announced its financial results for the second quarter of 2008, which include significant charges and special items. The reported net loss was $15.5 billion or $27.33 per share for the second quarter, including these charges and special items, compared with net income from continuing operations of $784 million or $1.37 per share in the second quarter of 2007. On an adjusted basis, GM posted a net loss of $6.3 billion or $11.21 per share, compared with net income from continuing operations of $1.3 billion or $2.29 per share in the same period last year.
July 14, 2008
GM Achieves All-Time Quarterly Sales Record in Latin America, Africa and Middle East
General Motors Latin America, Africa and Middle East (GM LAAM) region broke another record in Q2 2008 selling 346,100 vehicles, up 52,100 units over the same period in 2007. GM's volume increase of nearly 18 percent for the quarter again exceeded the industry growth rate of 13 percent. In addition, GM's market share in the region climbed to 17.5 percent for the quarter, up .7 share points year-over-year.
July 08, 2008
GM Adding World's Largest Rooftop Solar Power Installation to Zaragoza Plant
General Motors announced today it is adding the world's largest rooftop solar photovoltaic power installation to its car assembly plant located in Figueruelas, Zaragoza, Spain. When the project is completed in the fall of 2008, the Zaragoza solar installation will cover about 2,000,000 sq. ft. of roof at the plant and comprises about 85,000 solar panels. When fully operational, the Zaragoza solar installation will generate about 12 megawatts of power at its highest output. The installation will generate about 15.1 million kWh of power annually, which is equivalent to the demand of 4,575 households with an average annual consumption of 3,300 kWh in Spain.
July 01, 2008
GM Reports 265,937 Deliveries in June
GM today announced June sales results, highlighted by an 8 percent rise in retail car sales and continued strong performance in crossovers. Despite the significant decline of industry market volume and the limited availability of some of GM’s most popular models, GM dealers in the United States delivered 265,937 vehicles in June, down 8 percent (18.5 percent unadjusted). Truck sales declined 6 percent.
June 03, 2008
GM Reports 272,363 Deliveries in May
GM dealers in the United States delivered 272,363 vehicles in May. The sales increase in fuel efficient cars and crossover vehicles could not make up for soft truck demand and a decline in fleet deliveries impacted by the American Axle strike. Approximately 15-18,000 sales were lost in May, or will be retimed, due to various work stoppages including the American Axle strike. Compared with a strong May 2007, total sales were down 30 percent (28 percent unadjusted). Truck sales declined 39 percent.
GM Announces New Products, Capacity Adjustments; Continues Transformation of North American Business
GM today announced a range of strategic initiatives to aggressively respond to growing demand for fuel-efficient vehicles and to economic and market challenges in North America. Rick Wagoner, GM chairman and CEO, made the announcements here as part of the GM annual meeting of stockholders.
Major initiatives announced by Wagoner include:
A new global compact car program for Chevrolet, a next generation for the popular Chevy Aveo, and a high efficiency engine module for the U.S. market.
Funding for production of the Chevy Volt extended-range electric vehicle.
Addition of third shifts to Lordstown and Orion, which build hot-selling Chevy and Pontiac cars.
Cessation of production at four plants that build pickups, SUVs and medium-duty trucks.
A strategic review of the Hummer brand.
June 04, 2008
GM Delivers First Hybrids to Dubai Government
General Motors today delivered its first hybrid vehicles in the Middle East to the Government of Dubai and the Dubai Roads and Transport Authority (RTA). The vehicles, which include the Chevrolet Tahoe hybrid and the Chevrolet Malibu hybrid, are part of a ground-breaking project that involves a 12-month trial using the vehicles as public taxis that could eventually lead to one of the largest hybrid fleets in the world.
May 29, 2008
Approximately 19,000 GM Hourly Employees Participate In Attrition Program
General Motors continued to transform its North American operations by announcing approximately 19,000 of its U.S. hourly employees have decided to take advantage of the company’s attrition program. Most of the employees participating in the program will leave the company no later than July 1, 2008.
May 06, 2008
GM Announces Quarterly Dividend
General Motors today announced a second-quarter dividend of $0.25 per share on GM common stock. The dividend is payable June 10, 2008, to holders of record as of May 16, 2008. The dividend is unchanged from the previous quarter.
May 01, 2008
GM and Mascoma Enter into Biofuels Relationship
General Motors Corp. and Mascoma Corp. today announced a strategic relationship to develop cellulosic ethanol focused on Mascoma's single-step biochemical conversion of non-grain biomass into low-carbon alternative fuels to help address increasing energy demand.The relationship, which includes an undisclosed equity investment by GM, complements an earlier investment in a cellulosic ethanol startup that uses a thermo-chemical process to make ethanol from non-grain sources.
GM Reports 260,922 Deliveries in April
GM dealers in the United States delivered 260,922 vehicles in April. Retail car and crossover sales were up more than 9 percent. A sharp sales increase in fuel efficient cars and crossovers could not make up for soft truck demand and a sharp decline in fleet deliveries impacted by the American Axle strike. On a non-adjusted basis, retail sales were down 11.5 percent and total sales for the month were down 16 percent. Dealer inventories were at their lowest level since September 2005 with about 824,000 vehicles in stock, down about 206,000 vehicles compared to last April, and down more than 84,000 vehicles compared with December 2007.
April 30, 2008
GM Reports Preliminary First Quarter 2008 Financial Results
GM’s total revenue for the first quarter of 2008 was $42.7 billion, down slightly from $43.4 billion in the year-ago quarter primarily due to lower North America automotive and financial services and insurance revenues. Automotive revenues outside of North America were up over 20 percent, with strong growth in China, Brazil, Russia and India. Excluding special items, GM posted an adjusted net loss of $350 million, or $.62 per diluted share in the first quarter of 2008, reflecting losses at GMAC and tax expenses. These results compare to an adjusted net loss from continuing operations of $10 million, or $0.01 per diluted share in the first quarter of 2007.
April 23, 2008
GM Announces First Quarter Global Sales of More Than 2.25 Million Vehicles, Setting Records in Three of Four Regions
General Motors sold 2.25 million cars and trucks around the world in the first quarter of 2008, according to preliminary sales figures released today, with a record 64 percent of all sales occurring outside the United States. GM global first quarter sales were down less than one percent. Robust first quarter sales in GM's Latin America, Africa and Middle East (GMLAAM) and Asia Pacific (GMAP) regions, and improved sales in the GM Europe (GME) region helped offset a 10 percent decline in GM North America (GMNA). Sales outside GMNA were up 8 percent compared with last year.
April 15, 2008
GM Latin America, Africa and Middle East Quarterly Sales up 20%
General Motors Latin America, Africa and Middle East (GM LAAM) region posted an all-time Q1 record in 2008, selling 323,400 vehicles, up 52,900 units over the same quarterly period in 2007. GM’s volume increase of 19.6 percent for the quarter outpaced the 11.7 percent industry growth rate for the region. In addition, LAAM’s market share increased to 17.9 percent for the quarter, up 1.2 share points year-over-year.
April 14, 2008
GM Brazil Announces New Engine Plant
General Motors Brazil, along with officials from the Santa Catarina State and Joinville City, announced today the company's decision to build a new engine and automotive components plant in that city. The new plant will require investments of approximately US$ 200 million and is scheduled to begin production in the 4th quarter of 2009 -- only 19 months from the announcement. The plant will employ 500 people and is expected to generate 1,300 indirect jobs.
April 02, 2008
GM Urges More Hydrogen Stations
General Motors today called on the energy industry and governments to step up and help automakers make volume production of fuel cell-electric vehicles a reality by opening more hydrogen fueling stations. That message was delivered by Larry Burns, General Motors vice president, research & development and strategic planning. Burns delivered a keynote address at the National Hydrogen Association’s annual conference in Sacramento, CA. “The automobile industry has reached a critical juncture in our journey to realize the full potential of hydrogen fuel cell-electric vehicles,” said Burns. “While we have made impressive progress, we have now reached a point where the energy industry and governments must pick up their pace so we can continue to advance in a timely manner.”
March 03, 2008
GM Reports 270,423 Deliveries in February
GM dealers in the United States delivered 270,423 vehicles in February, a decrease of 13 percent compared with an unusually strong February last year. GM's fuel-efficient cars saw strong growth. Chevrolet Cobalt total sales were up 56 percent with retail up 24 percent; Pontiac G6 was up 50 percent total and 6 percent retail; and Buick LaCrosse total sales were up 12 percent compared with February 2007.
GM Appoints Henderson President and Chief Operating Officer, Announces Other Senior Executive Appointments
Rick Wagoner, GM chairman and chief executive officer, announced that the GM board of directors approved the following appointments, effective immediately, at its meeting today:
Frederick (Fritz) A. Henderson, 49, vice chairman and chief financial officer, is elected president and chief operating officer.
Ray Young, 46, currently group vice president - finance, is elected executive vice president and chief financial officer, replacing Henderson.
Thomas G. Stephens, 59, currently group vice president, global powertrain and global quality, is also elected executive vice president.
April 01, 2008
GM Reports 282,732 Deliveries in March; 805,720 In First Quarter
GM dealers in the United States delivered 282,732 vehicles in March, a decrease of 13 percent when compared with the same month a year ago. For the first three months of 2008, GM total sales of 805,720 vehicles were down 11 percent compared with a year ago. Retail share appears to have remained stable throughout the month and the quarter.
February 12, 2008
GM Reports Preliminary 2007 Financial Results
General Motors Corp. today announced a 2007 calendar-year adjusted net loss, excluding special items, of $23 million, or $.04 per diluted share. This compares to adjusted net income of $2.2 billion, or $3.84 per diluted share in 2006, as significantly improved automotive performance was offset by large losses at GMAC. Including special items, the company reported a loss of $38.7 billion, or $68.45 per diluted share, compared to a reported loss of $2 billion, or $3.50 per diluted share in 2006. The loss is almost entirely attributable to the non-cash $38.3 billion special charge in the third quarter related to the valuation allowance against deferred tax assets.
General Motors and the UAW Reach Agreement on Comprehensive Special Attrition Program
General Motors Corp. and the United Auto Workers (UAW) union have reached an agreement on a comprehensive special attrition program that will be offered to all of GM's 74,000 UAW-represented employees. The special attrition program offers a choice of several pension and buyout incentives. GM is offering retirement pension incentives of $45,000 for production employees or $62,500 for skilled trades.
February 05, 2008
GM Invests $69 Million In Ohio Diesel Engine Plant
General Motors Corp. (GM) announced today an investment of $69 million in its DMAX plant in Moraine to manufacture a new Duramax 6.6-liter V-8 turbo diesel engine that will meet stringent emissions standards in 2010. DMAX Limited is a joint venture between GM and Isuzu Motors Limited and was established as a diesel engine company in 1998.
GM Announces Quarterly Dividend
General Motors Corp. today announced a first-quarter dividend of $0.25 per share on GM common stock. The dividend is payable March 10, 2008, to holders of record as of February 15, 2008. The dividend is unchanged from the previous quarter.
February 01, 2008
GM Reports 252,565 Deliveries in January, Up 2.1 Percent
GM dealers in the United States delivered 252,565 vehicles in January, an increase of 2.1 percent compared with the same month last year. The company continued its efforts to focus on improved retail sales, showing an increase of more than 11 percent. Very strong retail sales of 186,187 vehicles were driven by a more than 31-percent surge in retail car sales. GM retail share in the U.S. has remained essentially stable for the past two and one-half years. Total truck sales of 148,191 were up more than 3 percent compared with a year ago.
November 18, 2008
Chevrolet Announces Pricing For 2009 Silverado Hybrid
Chevrolet today announced pricing for the 2009 Silverado Hybrid - the only full-size hybrid pickup on the market. It starts at $38,995, including a $975 destination charge, for 2WD models with the 1HY package. The MSRP does not reflect a $2,200 federal tax credit that applies to many customers who purchase the Silverado Hybrid.
GMC and Pontiac Announce Pricing for 2009 Sierra Hybrid and G3
GMC and Pontiac today announced pricing for two new models arriving in dealerships in early 2009, further reinforcing the channel’s reputation for value combined with efficiency and capability. The model introductions and MSRPs (including destination freight charge) include:
The GMC Sierra Hybrid pickup truck, which combines the fuel efficiency of a midsize sedan with uncompromised full-size truck capability, $39,365 (including $975 DFC) for 2WD models with the 3HA package and $45,500 (including DFC) with the 3HB package
The all-new Pontiac G3 hatchback, $14,995 (including $660 DFC)
October 13, 2008
Chevrolet Announces Pricing for the 2010 Camaro
Chevrolet today announced pricing for the all-new, 2010 Camaro. It starts at $22,995 MSRP for the V-6-powered LS model, and $30,995 for the V-8-powered Camaro SS (all prices include $750 destination charge). Customer ordering opened on Oct. 13, with production scheduled to start in the first quarter of 2009. More than 600,000 enthusiasts have requested information on the Camaro since its production was announced. Chevrolet is reaching out to give them the opportunity to be the first to order one.
October 02, 2008
9-X Air BioHybrid Concept World Premiere at Paris Auto Show
The 9-X Air Concept is a design vision exploring what a future open-air Saab could look like. It features a unique ‘Canopy Top’ – patent pending - and the close-coupled proportions of a sports car, as well as four-seat accommodation. In breaking the mould of conventional convertible design, the bodywork of the 9-X Air incorporates prominent rear pillars which curve upwards to mount the flat folding Canopy Top. They also anchor a distinctive, wraparound glasshouse, including a separate, recessed rear screen. Designer Anthony Lo and his team have achieved this execution while still offering the four season, four seater practicality pioneered by Saab when its first convertible concept was premiered at the Frankfurt Show exactly 25 years ago.
July 21, 2008
Chevrolet Unveils The 2010 Camaro - A Fun, Efficient Sports Car For The 21st Century
Chevrolet introduced the production 2010 Camaro today. It is a heritage-inspired sports car for the 21 st century, combining great looks and performance; advanced technology and surprising efficiency – including 26-mpg estimated highway fuel economy. Sales begin in the first quarter of 2009. Built on GM’s new, global rear-wheel-drive architecture, the Camaro is offered in V-6-powered LS and LT models, as well as the V-8-powered SS. All models and powertrain combinations include fuel-saving six-speed transmissions.
June 11, 2008
General Motors and Clean Energy Working to Expand Hydrogen Fueling Infrastructure
General Motors and Clean Energy Fuels Co announced today Clean Energy will open a hydrogen fueling station in Los Angeles with support from GM. The two companies also announced that they are exploring further opportunities to expand the hydrogen infrastructure. GM and Clean Energy are discussing potential opportunities to expand this first station into a network of hydrogen fueling stations by leveraging Clean Energy's natural gas fueling expertise and the real-world customer experience gained by fueling more than 14,000 vehicles daily at over 170 CNG stations across North America.
June 09, 2008
Chevrolet Announces Pricing For 2009 Aveo And Aveo5
Chevrolet today announced pricing for the 2009 Aveo lineup – including the redesigned Aveo5 five-door hatchback – begins at $12,120 (including a $660 destination charge) for Aveo LS and Aveo5 LS, making it one of the most affordable cars on the market. It costs hundreds less than many competitors and comes standard with features such as side-impact air bags and OnStar. Aveo is also one of the most efficient cars on the road, with estimated fuel economy ratings of 27 in the city and 34 on the highway (with the standard manual transmission). Aveo sedan and Aveo5 LT models start at $14,255 for 1LT trim and $15,520 for 2LT trim (including destination charges). Air conditioning is standard on LT models and an automatic transmission is available.
May 06, 2008
Chevrolet Unveils New Midget Racing Engine
Chevrolet's all-new Midget racing engine was unveiled today at Indianapolis Motor Speedway by GM representatives and United States Auto Club (USAC) team owner Tony Stewart. Designed by GM Racing specifically for the USAC National Midget Car Series, the new purpose-built, four-cylinder Chevrolet racing engine will initially power Tony Stewart Racing (TSR) drivers Tracy Hines and Levi Jones in upcoming events. The new Chevy Midget engine will be available to all USAC competitors through independent engine builders.
April 03, 2008
Chevrolet Volt Development Charges On
Engineers at GM’s battery test facilities have developed a new computer algorithm to accelerate durability testing of the advanced lithium-ion batteries needed to power the Chevrolet Volt for up to 40 miles (64 km) of electric-only driving. This advanced computer program duplicates real-life vehicle speed and cargo-carrying conditions, and compresses 10 years of comprehensive battery testing into the Volt’s brisk development schedule.
March 19, 2008
Chevrolet Announces Pricing For The Turbocharged Cobalt SS
That combination of performance, features and efficiency comes with a MSRP of $22,995, including a $660 destination charge. The Cobalt SS is well equipped at that price, including standard air conditioning, Pioneer premium sound system, remote keyless entry, StabiliTrak electronic stability control system, OnStar and XM Satellite Radio.
March 06, 2008
Saab 9-X BioHybrid Voted "Best Concept"
The editors of AutoWeek, one of North America's most respected and longest standing automotive enthusiast magazines, have voted the Saab 9-X BioHybrid "Best Concept" upon its world debut at the auto show in Geneva this week. With this award, the Saab 9-X BioHybrid premium compact joins the very successful Saab Aero X coupe concept which received AutoWeek's "Best in Show" honors upon its debut in Geneva, two years ago.
March 04, 2008
Next-Generation GM Hybrid System Announced in Geneva
As another key element in its overall global strategy to improve fuel economy and reduce oil consumption and CO2 emissions, General Motors Chairman Rick Wagoner announced today that GM will introduce a second-generation version of the GM Hybrid System with a new, more powerful lithium-ion battery. Hitachi Vehicle Energy Ltd., a subsidiary of Tokyo-based Hitachi Ltd., will supply an advanced lithium-ion battery, which will help make the next-generation GM Hybrid System nearly three times more powerful than the system it replaces. Overall fuel economy improvements for cars and trucks using the system are expected to be up to 20 percent, depending on engine and vehicle application.
March 03, 2008
Virgin Atlantic to Use Chevrolet Hydrogen Fuel Cell Electric Vehicles To Transport VIP Passengers
Virgin Atlantic Airways, Ltd. today announced it will use Chevrolet Equinox hydrogen fuel cell vehicles for its "complimentary ground transfer service for upper class passengers" for planes landing at Los Angeles International Airport (LAX). The deal will help the Virgin brand reduce its carbon footprint on the ground, which is an important cornerstone of company's environmental strategy.
February 25, 2008
New 2009 Chevrolet Express & GMC Savana 4500 Cutaway Van Delivers Best-In-Class Payload & Horsepower
General Motors’ Fleet and Commercial Operations announced the all-new, 2009 Chevrolet Express and GMC Savana 4500 commercial cutaway van. Flexibility and durability are hallmarks of the 4500 chassis, as it was engineered to support the needs of three primary applications: school buses, shuttle buses and ambulances.
February 21, 2008
GM Offers LA Drivers E85 Ethanol for 85 Cents a Gallon
The rising price of gasoline is hard to avoid in Los Angeles, but owners of the more than 46,000 FlexFuel vehicles capable of running on E85 ethanol are about to get a break this Tuesday – paying only 85.9 cents a gallon for the cleaner, alternative fuel. On February 26th from noon to 2:00 p.m., Conserv Fuel at 11699 San Vicente Blvd. in Brentwood will offer E85 ethanol for 85 cents a gallon.General Motors is paying the bill. GM is sponsoring the promotion to help raise awareness about the first station in Los Angeles to offer E85 ethanol, and to encourage drivers of FlexFuel vehicles to use this cleaner, renewable fuel instead of gasoline.
February 14, 2008
GM Premieres First Ever Fuel Cell, Hybrid SUV Fleet at the Oscars
The red-carpet arrivals at the 80th Annual Academy Awards® on Feb. 24, will be transported with advanced technology vehicles from GMC and Chevrolet. This fuel-friendly fleet – larger than any other assembled for a major awards show before – will enable Hollywood’s hottest talent to enjoy stylish and environmentally friendly rides in one of more than 75 vehicles, including the GMC Yukon Hybrid, the zero-gas and zero-emissions Chevy Equinox Fuel Cell and the FlexFuel E85 ethanol-compatible GMC Yukon.
February 06, 2008
Chevrolet Announces the All-New 2009 Traverse
Introduced at the Chicago Auto Show, the 2009 Chevrolet Traverse is an expressively styled, well-equipped crossover that gives customers people-hauling and cargo-carrying capability typically found in larger SUVs. New Crossover Features Bold Styling, Sophisticated Details and
Best-in-Class Fuel Economy from a Direct-Injected 3.6L V-6
2009 Chevrolet HHR Gets E85 FlexFuel Capability
The 2009 Chevrolet HHR small SUV will become the first four-cylinder model in General Motors Corp.’s current North American lineup that can run on either gasoline or E85 ethanol. The HHR, whose January sales of 9,650 were up 73 percent from the same month a year ago, will become the latest Chevrolet FlexFuel model when it goes on sale later this year. Chevrolet has more than 2 million of GM’s more than 2.5 million FlexFuel vehicles on the road.
February 04, 2008
Buick Announces Pricing For The 2008 Buick Lucerne Super
Buick, the premium international brand of General Motors, today announced the manufacturer's suggested retail price (MSRP) for its all-new 2008 Lucerne Super entry-luxury sedan. Buick's most premium and powerful full-size sedan carries an MSRP of $39,395 including a $765 destination freight charge. It will be available for sale in dealer showrooms beginning in April.
