The Truth About Cars

JUNE 12, 2023

It’s a common knock on GM that the company has a tendency to kill its darlings just as they get them right; look no further into history than the Pontiac Fiero and Cadillac Allanté as two good examples*. Sure, the Equinox EV is on its way with a promised $30,000-ish price tag, but the Bolt is here& now. Ahem, Pontiac G8 anyone?

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Teslarati

JUNE 12, 2023

The GM CEO’s comments were shared during NPR’s Marketplace podcast. Barra explained that GM ultimately decided to discontinue the current iteration of the Chevy Bolt EV and Chevy Bolt EUV simply because they were built on older technology. “It’s our second-generation technology.

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Baua Electric

FEBRUARY 26, 2024

Last October, GM announced that it was launching sales in Switzerland as a first step in its all-electric return to Europe after selling off the Opel and Vauxhall brands back in 2017. In Switzerland, the Lyriq starts 82,000 Swiss francs ($93,100), but GM has not yet provided pricing for France. In 2022, GM sold only 122 Lyriqs.

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Green Car Congress

NOVEMBER 18, 2010

Shares in General Motors begin NYSE trading under the ticker symbol “GM” on Thursday, after the automaker raised an estimated $20.1 Reuters noted that the IPO values GM at about $63 billion. Including an option that would allow underwriters to sell more shares, GM looks set to raise $23.1 Tags: Brief.

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InsideEVs

JANUARY 18, 2024

No more swiping cards or tags at chargers.

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Green Car Congress

NOVEMBER 12, 2010

The new engine plant will begin by producing engines for small passenger cars manufactured by GM in India. GM India’s sales have grown significantly since the rollout of its mini-cars, the Chevrolet Spark and Beat, said GM India President and Managing Director Karl Slym. GM is the fifth-largest automobile manufacturer in India.

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Green Car Reports

APRIL 21, 2021

Starting at $59,990 it’s not significantly more than what the price tag might be for a gasoline model sized, styled, and equipped like the Lyriq. On Wednesday Cadillac gave a first look at the production version of its first fully electric vehicle, the Lyriq.

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Green Car Congress

AUGUST 12, 2010

GM’s second quarter earnings before interest and tax (EBIT) was $2.0 GM North America had EBIT in the second quarter 2010 of $1.6 GM Europe had a loss before interest and taxes of $0.2 GM International Operations posted EBIT of $0.7 GM ended the second quarter with $32.5 Tags: Brief. billion, up from $1.2

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Green Car Congress

JANUARY 25, 2010

In a press conference this morning in Detroit, GM Chairman and CEO Ed Whitacre said that the company has called off its CEO search, and that, per the Board’s request, he will retain the CEO spot. As of today, Whitacre said, GM has not changed its direction on the wind-down of Saab. Tags: Brief.

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Green Car Congress

AUGUST 24, 2009

The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. GM began doing business in Brazil in 1925. GM was the first company in the Brazilian auto industry to provide 100% of its spark-ignited vehicles as flex-fuel. Tags: Brief.

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Green Car Congress

JUNE 22, 2010

GM South America will be headquartered in Sao Paulo, Brazil and will be led by Jaime Ardila, currently president and general manager GM Mercosur. Ardila becomes president, GM South America and will report to GM Chairman and CEO Ed Whitacre. GM South America currently has 29,000 employees. Tags: Brief.

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Green Car Congress

AUGUST 3, 2010

GM has provided funding to the Indiana automaker, the first funding action by the newly formed General Motors Ventures LLC ( earlier post ). Funding through GM Ventures will allow Bright to begin ramping up the development of the production program for the IDEA in the third quarter of 2010. Jon Lauckner, president of GM Ventures.

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Teslarati

JANUARY 19, 2024

Cadillac Celestiq will start with hefty price tag of $340,000 Now, it appears Cadillac has started building the first unit of the Celestiq, according to Roth, who stated during a media briefing that production is underway (via GM Authority ): “We have already begun building one of the units.”

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Green Car Congress

NOVEMBER 3, 2009

Given an improving business environment for GM over the past few months, and the importance of Opel/Vauxhall to GM’s global strategy, the GM Board of Directors has decided to retain Opel and will initiate a restructuring of its European operations in earnest. Tags: Brief. Fritz Henderson, president and CEO.

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Green Car Congress

JULY 23, 2010

have entered into a definitive agreement for GM to acquire AmeriCredit, a leading independent auto finance company, in an all-cash transaction valued at approximately $3.5 Since GM and AmeriCredit launched a successful non-prime program in September 2009, GM’s non-prime penetration has increased significantly, according to the company.

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Green Car Congress

OCTOBER 7, 2010

Orion Assembly is in the process of retooling the plant, which last built GM midsize sedans, for the future small cars. In June 2009, GM announced that Orion would build the next-generation of Chevrolet’s new small car. Tags: Brief. The improvements are expected to be finished by summer 2011.

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Green Car Congress

DECEMBER 28, 2009

GM will retain 100% ownership of the R&D center in India. SAIC and GM-US formed a 50:50 joint venture investment company called General Motors SAIC Investment Ltd (GMSIL), which will be based in Hong Kong. GM’s domestic market share is less than four per cent. Tags: Brief.

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Green Car Congress

APRIL 19, 2010

GM Daewoo Auto & Technology (GM Daewoo) and Vietnam Daewoo Motor Company (VIDAMCO) are launching the Chevrolet Cruze in Vietnam. The new global model is based on the Lacetti Premiere sold by GM Daewoo in Korea. —GM Daewoo President and CEO Mike Arcamone. Tags: Brief.

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Green Car Congress

APRIL 28, 2010

GM is hosting a webchat with Chelsea Sexton tomorrow, 29 April, at 2 p.m. and what she thinks has been learned from the whole GM EV1 experience. Tags: Brief. EDT to discuss the Chevy Volt, Who Killed the Electric Car? Sexton is the Founder of the non-profit Lightning Rod Foundation, and a former General Motors EV1 Specialist.

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Green Car Congress

JANUARY 26, 2010

An electric traction motor (right) and stator (left) at the GM Powertrain Engineering Development Center Friday, 15 January 2010 in Pontiac, Michigan. The first GM-designed and built electric motors are scheduled to debut in 2013 in next-generation, rear-wheel-drive two-mode hybrid technology. Photo by John F. —Tom Stephens.

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Green Car Congress

AUGUST 13, 2010

will step down as chief executive officer of GM on 1 September 2010, and as chairman of the board by the end of the year. Dan Akerson, 61, who has served on the GM board of directors since July 2009, will become CEO on 1 September and chairman by the end of the year. Whitacre, 68, joined GM as chairman of the board on 10 July 2009.

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Green Car Congress

JUNE 4, 2010

Lauckner, who is named GM Vice President and President General Motors Ventures, LLC, reporting to Stephen J. Girsky, GM vice chairman of Corporate Strategy and New Business Development. He was GM vice president of Global Product Planning. Tags: Brief. Leading the initiative will be Jon J.

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Green Car Congress

JANUARY 26, 2010

Other terms and conditions specific to the sale will be disclosed “in due time”, GM said. Throughout the negotiations, GM has always had the hope to find a solution for Saab that would avoid a wind down of the brand. GM will continue to support Saab and Spyker on their way forward. Tags: Brief.

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Green Car Congress

NOVEMBER 1, 2010

GM’s South Korean unit, GM Daewoo Auto & Technology (GM Daewoo), will provide 10 battery electric vehicles (BEVs) as part of a demonstration fleet to the Seoul G20 Summit Committee and Seoul Municipality for use during the gathering of global leaders in South Korea’s capital 11-12 Nov. Tags: Electric (Battery).

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Green Car Congress

SEPTEMBER 9, 2009

In the presence of Chinese National People's Congress Chairman Wu Bangguo and Chinese Vice Minister of Commerce Ma Xiuhong, representatives from GM and Shanghai GM formalized an agreement for the purchase of complete vehicles, vehicle kits, machinery and equipment by the GM joint venture from its parent company.

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Green Car Congress

AUGUST 18, 2010

GM announced an additional $20-million investment in its Bay City, Mich. The Ecotec is GM’s highest volume, most-advanced four-cylinder engine program and powers products such as the Chevrolet Malibu and Equinox, the Buick LaCrosse and new Regal, and the GMC Terrain. Tags: Brief. million this year.

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Green Car Congress

OCTOBER 9, 2009

For the first nine months as a whole, GM’s sales in China totaled 1,292,549 units, which represented an increase of 55.6% GM and its joint ventures ended September with an estimated market share of 13.4%. (As Shanghai GM, sold 71,566 vehicles in September, which was an all-time monthly sales record. Tags: Brief.

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Green Car Congress

DECEMBER 1, 2009

At its monthly meeting in Detroit today, the General Motors Board of Directors accepted the resignation of Fritz Henderson as Director, President and CEO of the company, according to GM Chairman Ed Whitacre. I look forward to working with the entire GM team as we now begin the next chapter of this great company. —Ed Ed Whitacre.

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Green Car Congress

JUNE 21, 2010

Buoyed by strong demand for the Chevrolet brand and ongoing positive demand for its other brands, GM sales totaled 196,004 units. GM’s sales in the first five months of the year in China reached 1,032,665 units, a 53.9% On May 28, GM celebrated the sale of its 1 millionth vehicle in 2010. SAIC-GM-Wuling sales in May rose 5.2%

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Green Car Congress

FEBRUARY 12, 2010

Representatives of General Motors Company in Korea and UzAvtoSanoat of Uzbekistan signed a Memorandum of Understanding (MOU) in Seoul, Korea, for their GM Uzbekistan joint venture to launch the production of a new small vehicle mainly destined for emerging markets. Tags: Brief.

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Green Car Congress

APRIL 6, 2010

The Volt will have brake override enabled at launch, according to a GM spokesperson. GM has had for the past several years a braking performance standard that applies to all cars, trucks and crossovers, requiring that the brakes can stop the vehicle within a specific distance. Tags: Brief.

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Green Car Congress

JULY 26, 2010

Joel Ewanick, GM vice president of US marketing will announce pricing and ordering details for the 2011 Chevrolet Volt tomorrow (27 July) at the Plug-In 2010 conference in San Jose, Calif today at 12:00 PM ET. Tags: Brief. Pacific and 4 p.m. Eastern from Plug-In 2010.

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Green Car Congress

JULY 30, 2010

GM recently increased the number of US launch markets for the vehicle from three to seven. The Detroit-Hamtramck plant received $336 million in new investment to prepare for production of the Volt, part of more than $700 million GM has invested in eight Michigan facilities to support Volt production since 2008. Tags: Brief.

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Green Car Congress

SEPTEMBER 17, 2010

will spend $483 million and add 483 jobs building current- and next-generation Ecotec four-cylinder engines at its powertrain complex here, assuming successful incentive negotiations with local and state officials, GM North America President Mark Reuss said. Tags: Brief. General Motors Co. The additional work would bring to almost $2.9

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Green Car Congress

SEPTEMBER 10, 2010

GM Ventures took a $3.2 Tags: Brief. Detroit News. million stake in battery startup Sakti3 ( earlier post ); this is the venture company’s second announced investment, following its investment in Bright ( earlier post ).

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Green Car Congress

JULY 21, 2009

GM Daewoo Auto & Technology is considering producing a hybrid vehicle in 2011 in South Korea. Researchers from GM headquarters and GM Daewoo are carrying out projects to build eco-friendly cars, including a hybrid vehicle,” said the official at GM Daewoo. GM Daewoo Auto & Technology. Tags: Brief.

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Green Car Congress

FEBRUARY 8, 2010

GM’ new lineup of heavy-duty diesel pickups will have B20 biodiesel capability. and its fuel system compatible with B20, GM upgraded some seals and gasket materials to withstand the ester content of biodiesel and included an upgraded fuel filter that includes a coalescing element. Tags: Brief. To make the Duramax 6.6L

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