General Motors – News Stories About General Motors - Page 30

Toyota Joins GM in Race for 2010 Plug-In Hybrids

Jan 14, 2008 4:15 AM CST

Toyota Joins GM in Race for 2010 Plug-In Hybrids

Drivers could recharge cars with normal socket

(Newser) - Toyota, the world's leader in hybrid vehicle production, has geared up to deliver by 2010 a gas-electric hybrid car whose batteries will recharge from a normal electrical socket. With the announcement yesterday at the Detroit auto show, Toyota pits itself against General Motors, which has also pledged a plug-in hybrid...

Malibu Wins Car of the Year

Jan 13, 2008 4:26 PM CST

Malibu Wins Car of the Year

Mazda CX-9 wins best truck at Detroit auto show

(Newser) - General Motors' goal of taking on the Camry and Accord got a boost today as the Chevy Malibu won North American Car of the Year at Detroit’s auto show, CNNMoney.com reports. Its Corvette-inspired twin-cockpit design, and a body shape similar to European luxury cars, has already won media...

Driverless Cars On Sale Within Decade: GM

Jan 7, 2008 10:05 AM CST

Driverless Cars On Sale Within Decade: GM

New technology could vastly improve vehicles' safety, efficiency

(Newser) - Cars that will drive and park themselves will be on the market in 10 years, GM executives say. It hasn't been perfected, but the technology to create a "driverless" car exists, and the company hopes to use it to drastically increase the safety and efficiency of travel. "This...

Gains Dashed on Jobs Angst

MARKETS

Jan 3, 2008 3:34 PM CST

Gains Dashed on Jobs Angst

Weak December auto sales didn't help the market's fortunes

(Newser) - The market lost substantial early gains today to finish about even, with weak December auto sales and rising oil costs adding to anxiety over tomorrow’s jobs report from the Labor Department. The Dow closed up 12.8 points to 13,056.7, as GM stock declined 2.5% and...

Toyota Poised to Overtake GM

Dec 25, 2007 8:00 AM CST

Toyota Poised to Overtake GM

Plans to build 9.95 million vehicles, widen lead as largest automaker

(Newser) - Toyota, the most profitable automaker in the world, says it will increase production by 5% to a record 9.95 million vehicles in 2008, opening up a lead over General Motors, Reuters reports. Toyota, which sold 9.36 million vehicles in 2007, also expects sales to increase 5% in 2008...

The Last Muscle Car?

Dec 20, 2007 6:35 PM CST

The Last Muscle Car?

GM debuts the Corvette ZR1—but will the energy bill kill its kind?

(Newser) - GM will unveil the latest version of the Corvette at the Detroit auto show next month in all its supercharged, performance-car glory. But the 2009 Corvette ZR1 may actually be the last of an endangered breed—the Detroit muscle car. The new energy bill, with its stricter fuel economy standards,...

GM Offering Buyouts to 5,200 Workers

Dec 19, 2007 5:59 AM CST

GM Offering Buyouts to 5,200 Workers

New round aims to slash labor costs

(Newser) - General Motors is offering to buy out another 5,200 hourly workers, the Detroit News reports. The automaker, worried that the slowdown in auto sales will carry into next year, is keen to get veteran workers out the door and lower-paid new workers in. Over 34,000 blue-collar workers left...

Chrysler CEO Predicts
$1.6B Loss This Year

Dec 5, 2007 10:01 PM CST

Chrysler CEO Predicts $1.6B Loss This Year

Automaker faces second straight year in the red

(Newser) - Chrysler will be screeching toward a second consecutive year in the red, sources told the Wall Street Journal, as the automaker will lose $1.6 billion. CEO Robert Nardelli told designers and engineers this week that while the beleaguered automaker’s revenue was about $63 billion, costs exceeded $64 billion....

Nov. Sales Languish for Big 3

Dec 4, 2007 8:35 AM CST

Nov. Sales Languish for Big 3

Ford and GM announce production cuts as US sales slump continues

(Newser) - Ford and GM will join Chrysler in cutting production in early 2008, reports the Wall Street Journal today, following sluggish November sales and anticipated weak demand driven by continued economic fallout. Only Ford saw a modest 0.6% improvement in US sales last month, while GM sales were down 11%...

Ex-GM CEO, Chairman Smith Dead at 82

Nov 30, 2007 12:33 PM CST

Ex-GM CEO, Chairman Smith Dead at 82

Unwitting Roger and Me costar led auto giant throughout 1980s

(Newser) - Roger B. Smith, the chairman of General Motors from 1981 to 1990 and the subject of Michael Moore's critical documentary Roger and Me, died yesterday in Detroit at 82. "He was a leader who knew that we have to accept change, understand change, and learn to make it work...

Motor City Going for Green

Nov 24, 2007 3:02 PM CST

Motor City Going for Green

Automakers blame environmental concerns for falling sales

(Newser) - Auto industry bigwigs at the Reuters Auto Summit in Detroit this week seem finally to have gotten the message on cleaner, more fuel-efficient vehicles; one after another they cited going green (or at least greener) as the path to more competitive cars and trucks. GM honcho Robert Lutz admitted that...

Cadillac CTS Wins Car of Year

Nov 20, 2007 7:57 AM CST

Cadillac CTS Wins Car of Year

(Newser) - Cadillac's CTS won Motor Trend’s 2008 car of the year honors today, reports the AP. Editors said the $32,990 entry-level luxury sedan stood up to BMW and Mercedes, and proves Detroit can build a competitive sedan—despite years of focusing on SUVs and trucks. "The CTS obliterates...

Analysts See Steep Sales Slide for Big 3 in '08

Nov 19, 2007 7:49 AM CST

Analysts See Steep Sales Slide for Big 3 in '08

(Newser) - Automakers are predicting a mildly soft sales year for 2008, but analysts warn a “poverty effect” caused by an imploding housing market could send US light auto sales skidding as much as 9.4% to their worst year since 1993, Reuters reports. “I’m just not sure how...

Ford Workers Ratify Pact
With UAW

Nov 14, 2007 3:16 PM CST

Ford Workers Ratify Pact With UAW

All three big automakers have now finalized deals

(Newser) - UAW workers at Ford overwhelmingly approved a four-year contract today that shifts responsibility for some retiree health benefits to the union, the Detroit Free Press reports. The agreement also allows Ford to hire new employees for lower wages and fewer benefits. The contract approval follows similar deals at GM and...

Top Rides of 2008

Nov 10, 2007 4:34 PM CST

Top Rides of 2008

Popular Mechanics rolls out 2008's hottest rides

(Newser) - Popular Mechanics test drove a fleet of upcoming cars and trucks to conceive this list of 2008's best rides, in ten categories:

Design: Nissan GT-R
Value: Scion xB
Energy efficiency: GMC Yukon Hybrid and Chevrolet Tahoe Hybrid

Toyota Explores Plug-in Prius

Nov 10, 2007 11:48 AM CST

Toyota Explores Plug-in Prius

All-electric version of hot-selling car could be only a few years away

(Newser) - Toyota is launching a three-year study of US consumer demand for a new version of the popular Prius that could run exclusively on electric power and be recharged in a standard electric socket. Toyota may yet beat rival General Motors to market—GM has set a 2010 target date for...

GM’s Wagoner Weathering
the Storm

Nov 8, 2007 9:31 AM CST

GM’s Wagoner Weathering the Storm

Despite $39B loss, he's earned respect, making progress

(Newser) - CEO heads are rolling on Wall Street as third quarter red ink stains their reps and boards act to soothe shareholder worries with new management, cost cutting, and reorganization. But it's business as usual in Detroit, where GM CEO Rick Wagoner just announced a staggering $39 billion loss, reports Business ...

$39B Charge Puts Brakes on GM's Earnings

Nov 7, 2007 7:23 AM CST

$39B Charge Puts Brakes on GM's Earnings

Automaker could post biggest loss ever, nearly $70 per share

(Newser) - In what’s likely to be the largest net loss in its history, GM today will announce earnings that include a $39 billion tax charge costing it nearly $70 per share. The charge rear-ends the automaker after a quarter that saw strong US sales and a positive labor pact with...

Carnegie Mellon Wins $2M in Robot Car Race

Nov 4, 2007 11:02 PM CST

Carnegie Mellon Wins $2M in Robot Car Race

Only three of 11 cars finished the 60 miles in 6 hours allotted

(Newser) - A robot car built by Carnegie Mellon University and General Motors beat out ten others to win a race for self-driving vehicles, race officials announced today. The cars had 6 hours to complete a 60-mile course—including missions like parking and merging into traffic—in pursuit of a $2 million...

UAW Shifts to Hard-Up Ford

Oct 26, 2007 4:30 AM CDT

UAW Shifts to Hard-Up Ford

As Chrysler ratification nears, toughest talks yet to come

(Newser) - With the United Auto Workers close to ratifying their contract with Chrysler, the union is shifting focus to hammering out a deal with Ford. Negotiations with Ford may prove the toughest of all because Ford is the domestic car maker most in need of cuts, reports the Wall Street Journal....