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GM plans to launch predominately fuel-efficient cars and crossovers over the next four years, investing $2.9 billion in fuel-efficient technologies and alternative fuels during that time period. By 2012, GM will offer 15 hybrid models, and more than half of its fleet will be flex-fuel vehicles, able to run on either gasoline or ethanol-rich E85 ...
Penske had asked GM to extend the time it was to build Saturns until it could reach a deal with the Renault Group for vehicle replacements in 2012, but since that deal fell through Penske cancelled the planned sale. GM has said that the Saturn brand will be phased out by the 2010 model year, and the brand was declared defunct on October 31, 2010.
[22] The Truth About Cars-offshoot site Curbside Classic named the Corvair as one of the major "deadly sins" that led to GM's downfall; "The Corvair was the product of GM's repeated tendencies to go off in directions that were an engineer's dream, but were either flawed from the initial concept, or diminished by the bean counters. In the case ...
America is going broke. Silly rich people should fund such frivolous research. Taxpayers shouldn't. But each special interest will fight for its life, and even if Musk cuts all such funding, it ...
A former leader at three top U.S. automakers has shared his no-nonsense take on America’s attempt to transition to electric vehicles (EVs). Bob Lutz, former executive at General Motors, Ford and ...
General Motors (GM) and General Electric Company (GE) used to be the most highly respected names in corporate America. Now their reputations and stock prices are shot. So is the credibility of ...
GM is potentially facing a large warranty issue as the National Highway Traffic Safety Administration (NHTSA) opened a preliminary investigation into engine failure affecting 877,710 GM SUVs and ...
Delphi, which was spun off from GM in 1999, filed for Chapter 11 bankruptcy after the UAW refused to cut their wages and GM is expected to be liable for a $7 billion shortfall. [74] [75] [76] In order to improve profits, the Detroit automakers made agreements with unions to reduce wages while making pension and health care commitments.