Archive for 'GM'

101 year old man buys 2010 Chevrolet Camaro SS Transformers Edition

While most people who retire spend their life golfing or living in a beach house, 101 year old Virgil Coffman likes living in the fast lane. The centenarian recently became the oldest known owner of the 2010 Chevrolet Camaro. Which Camaro did he purchase? A 400-hp, bright yellow, Transformers edition Camaro SS.
“Impressed by the overall [...]

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Bob Lutz to become chairman of Opel board as Forster leaves

A source close to General Motors said that Bob Lutz, the company’s marketing head, will become chairman of the supervisory board of Opel to help the restructuring plan. Lutz, 77, will not take a direct management role in Opel the source said. He is already a member of the Opel supervisory board, which meets three [...]

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Review: 2010 Buick LaCrosse CXS, no longer your daddy’s car

2010 has certainly been a banner year for the GM by way of luxuriously and sleekly redesigned vehicles. We had the opportunity to test out the 2010 Buick LaCrosse CXS, and we must say – there was little left to be desired. The ‘10 LaCrosse breaks Buick’s mark as the automobile for grandparents [...]

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GM’s other plug-in hybrid vehicles won’t have ‘Volt’ badging

In what we think is a good decision, General Motors said that its other plug-in hybrid offerings will not have Volt branding on them to identify with the compact plug-in hybrid that will launch later next year. By contrast, Toyota is planning to make a family of hybrid vehicles that will carry the Prius badging.
“Our [...]

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Carl-Peter Forster to step down as head of GM Europe

According to a report by Spiegel Online, the head of General Motors’ European business, Carl-Peter Forster, is leaving the company after GM’s board of directors decided to keep Opel last week. A former BMW executive, Forster had strained ties with GM after being in favor of the Magna deal.
Forster was expected to head Opel under [...]

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Henderson: GM is outperforming targets set in its earnings viability plan

General Motors is thus far out performing the estimates of their own viability plan that was conceived before their June bankruptcy, according to Automotive News. “I’m not going to get into whether we’re generating cash or not generating cash, but I would certainly say the situation is more stable than what the outlook was [...]

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Weekly Test-Drive: 2010 Chevrolet Camaro 2LT with 6-speed manual

The 2010 Chevrolet Camaro is back in the egmCarTech garage – however, unlike the V8 Camaro SS we previously tested, this Camaro carries a 304-hp 3.6L V6 mated to the Aisin Warner AY6 6-speed manual transmission.
First Impressions: It’s yellow like Bumblebee but it doesn’t have the black stripes nor does it have the Transformers package. [...]

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U.S. Treasury spokeswoman Meg Reilly said yesterday that the Obama administration did not get involved with General Motors’ decision to keep and restructure the Opel brand.
“The administration was not involved with this decision, which was made by GM’s Board of Directors,” Reilly said.
GM announced yesterday that it has decided to keep Opel and expects the restructuring [...]

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While the White House won’t guarantee that General Motors and Chrysler Group LLC will repay the full $62 billion they received in government bailouts, it said today that taxpayers will at least get “some” of the money back. The Government Accountability Report released Monday said that automakers are “unlikely” to repay all of the government [...]

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General Motors’ board of directors said today that it will keep Opel and restructure it, putting an end to plans to sell the brand to Magna International. GM said that it expects the restructuring of Opel to cost 3 billion euros ($4.42 billion USD), which it says lowers the costs associated with outside bids for [...]

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