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General Motors Co. is recalling nearly 96,000 Cadillac CTS cars for the model years 2005 to 2007 because a front passenger air-bag sensor could break and disable the bag.
Repeated “flexing” of the passenger sensing system mat in the front seat could cause the mat to “kink, bend or fold,” GM said according to a notice posted on U.S. safety regulators’ Web site Thursday. Get the full story »
General Motors Co. said Friday that it is recalling about 111,000 Chevrolet Equinox, GMC Terrain and Cadillac SRX small SUVss because the anchor to the seat-belt buckle may fail, which could lead to injury in a crash.
The 2011 vehicles were delivered in the United States, Canada and Mexico. Get the full story »
Bloomberg News | Snowstorms that closed roads in the Midwest and Canada delayed parts delivery and reduced or halted production at seven GM and Ford plants, including the Chicago Assembly Plant.
Five trucks carrying Chevrolet Volt extended-range electric cars left General Motors Co.’s Detroit-Hamtramck plant Monday, marking the first shipment to dealers after nearly four years of expectation.
GM said it expected 160 Volts to ship this week to its initial markets: California; Austin, Texas; New York City; and Washington, D.C. Get the full story »
General Motors Co. said Monday that it was looking to reduce its payroll by several thousand skilled trade workers at 14 U.S. plants in the first quarter of 2011.
GM has offered $60,000 to skilled trades workers who retire or leave the automaker’s payroll by March, said spokesman Chris Lee. The automaker has a “a couple thousand” more skilled trade workers than it needs in the U.S., Lee said. Get the full story »
General Motors and Isuzu are recalling more than 192,000 midsize pickups to fix a problem with child safety seat anchors. Get the full story »
General Motors has begun commercial production of the Chevrolet Volt, producing cars at the automaker’s Detroit plant intended for sale or lease to consumers.
But there’s one final problem, one that’s been dragging on for years, that needs to get cleared up. Get the full story »
Strong investor demand is expected to drive the pricing of General Motors’ initial public offering to $30 per share or higher, above the initially proposed range, two people familiar with the matter said on Monday.
GM earlier filed to sell shares for $26 to $29 each. Get the full story »
General Motors Co. is still accepting investor orders for shares in its initial public offering and is not expected to close the order books until early next week, three people familiar with the matter said on Friday.
The IPO is expected to price around the top end of the range and exercise the full greenshoe, two sources said. Get the full story »
The U.S. Treasury should make General Motors Co. suspend its planned initial public offering to ensure a better return for taxpayers on the government’s stake in the company, safety and consumer advocates said Thursday.
In a letter to President Barack Obama, the group led by consumer advocate Ralph Nader said the administration has a fiduciary responsibility to take a measured approach on the stock sale and leverage ownership to make strides on auto safety and fuel efficiency. Get the full story »
General Motors Co. is in the final stage of talks to sell equity to long-time Chinese partner SAIC Motor Corp. in conjunction with its landmark initial public offering, two people familiar with the matter said.
The two government-funded automakers are determining how much of a stake SAIC would buy in the top U.S. automaker after discussions involving technology sharing and SAIC’s ambitions to move beyond China, the sources said. Get the full story »
General Motors Co. has announced plans to spend $190 million to build a new Cadillac small car at its Lansing Grand River plant. Get the full story »
A well-known auto industry forecasting firm on Wednesday suggested that the heavily promoted battery-powered vehicles about to appear are headed for a much slower takeoff then some auto makers and industry analysts expect.
In a new study, J.D. Power & Associates said sales of electric cars are likely to remain low for several years and won’t make up more than a small slice of the global market even 10 years down the road. Get the full story »
Consumer Reports magazine says Honda and Toyota still make the most problem-free cars and trucks, but Ford is closing in fast and General Motors has made big improvements in the past year. Get the full story »
General Motors is clarifying comments made earlier this week by Chairman Ed Whitacre about the automaker’s expected initial public offering.
Whitacre told reporters in San Antonio on Wednesday that GM’s IPO would take place sometime in November and shares would be priced from $20 to $25 per share. Get the full story »
