Archive for the ‘General Motors’ Category

The results are in and by the looks of things GM is doing alright since emerging from bankruptcy back in July. The revitalized company may have posted a net loss of $1.2 billion for the third quarter of 2009 but revenues are up more than $4.9 billion on the preceding quarter. [Motor Authority]

From today onwards Mercedes-Benz customers will be able to enjoy a new level of service in their cars. Together with Hughes Telematics, Mercedes-Benz the new system offers everything from a vehicle locator for crowded car parks, somebody to direct you if you get lost and even full connectivity with smart phones--all whilst sitting in the...

It's been a busy day for General Motors CEO Fritz Henderson. Not only did he reveal GM's third quarter financials, but he also announced the company's souped-up plan to repay $6.7 billion in loans from the U.S. government. While the financial report was reasonably upbeat (the company ended Q3 $1.2 billion in the red, but that's an improvement on analysts' $2.5 billion loss estimate), the real attention-grabber was GM's aggressive loan repayment plan: the company will now cough up $1 billion at the close of each quarter, beginning in December 2009. At that rate, GM's debt should be fully erased by July 2011 -- far ahead of the 2015 date...

General Motors first revealed the production version of the 2011 Chevrolet Volt in September of 2008 and ever since the original unveiling the car has appeared in the same silver exterior with an emerald hue. This will be the color of the first batch of production Volts but GM still needs a new and exciting name for it.

Late last month GM launched an online contest that asked for color name suggestions, with three finalists to be flown to Los Angeles this December to compete for a final chance to be among the first to test-drive a pre-production Volt.

Out of 13,000 entries, those three finalists have now been picked, with GM selecting...