The U.S. Treasury has begun a sale of its remaining stake in General Motors, with a goal of selling its remaining shares by March 2014. Currently, the government owns more than 300 million shares in the auto maker, equivalent to a 19 percent stake.
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Myanmar was once a pariah state known for its brutal military government and mistreatment of human rights activists like Aung San Suu Kyi. But democratic reforms and an easing of trade sanctions by Western governments means that doing business in Myanmar is now feasible – and GM is the latest automaker looking to establish a footing in the Asian country.
Here’s our first look at the Chevrolet SS. Silly moniker aside, it looks like a home run.
General Motors’ powertrain engineers have undoubtedly demonstrated with the LS family of V8 engines that pushrods still have a place in the 21st century. As successful and popular as the LS has been, I don’t think it’s much of stretch to assume that the new LT1 V8 in the all new seventh generation Corvette will eventually replace the LS engine in its various permutations and applications. The LT1, still a cam in block engine, and still with Ed Cole’s 4.40 inch bore centers, adds direct injection to the Small Block Chevy heritage. The LS family has also been popular as crate motors, used by customizers and high performance enthusiasts as well as with a small industry of companies that specialize in high performance GM products. While you can buy a LS from General Motors with up to 638 horsepower, if that just doesn’t satisfy your need for speed, companies like Callaway, Lingenfelter and Hennessey have shown that the LS engine’s basic architecture is capable of putting out almost twice that power. After talking with Ken Lingenfelter about the new Corvette, I wonder, though, just how tuner-friendly the new LT1 will be. (Read More…)
In a few hours, we’ll have live shots of the Chevrolet Cruze Clean Turbo Diesel (what a mouthful), but in the mean time, here’s a preview of the long awaited oil-burning Chevy.
Selim Bingol, GM’s PR bigshot, may not “negotiate with terrorists”, but he nearly wound up working for a terrorist sympathizer who was active on terrorist message boards: Bingol’s former client Ed Whitacre recommended the man as GM’s next leader.
The cost of doing business in Canada may be high for auto makers, but that isn’t stopping GM from looking to re-negotiate their contract with the CAW nearly a year in advance as a means of keeping production of the Chevrolet Equinox and GMC Terrain at the CAMI plant in Ontario.
The minor model change for the Chevrolet Malibu will be more than just a Honda Civic-style refresh. Chevrolet will apparently address the cramped rear seating area as part of the overhaul.
Obsessive-weirdo fans of low-cost cars can get their thrills at Chevy’s NAIAS stand; despite the new full-size trucks and the C7 Corvette being on display, myself and a cadre of mouth breathers will no doubt be poring over the low-cost cars being put on display by the Bowtie brand, for no other reason than to avoid the rush of anxiety-inducing crowds.
Ford will be giving away its SYNC AppLink to any automaker or Tier 1 supplier, as it looks to make SYNC the standard for in-car connectivity systems.
“Chevy Runs Deep” is being dropped as the Bow Tie Brand’s marketing slogan of choice, as the last vestige of the Joel Ewanick area has departed the RenCen.
It’s time to make a confession to the good folks at TTAC.
The mileage game is rigged.
How so? Well, approximately two-thirds of the vehicles that reach the 300k+ mark at an auction I attend will usually belong in one of four categories.
Swedish clothing store H&M offers a generous 30-day return policy that urges customers to Buy It Now, Return It Later. Looks like Vauxhall will be following suit.
One of the most conspicuous absences from GM’s full-size truck reveal was the lack of any hybrid variants. The highly-touted but slow selling hybrid full-size trucks and SUVs were never intended to be the darlings of America’s truck space, but they played an important behind the scenes role for the company.
General Motors will give the world their first look at their all-new full-size pickup lineup on Thursday, even as inventories of their current generation trucks continue to pile up.
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