Tag archives for General Motors - Page 10

Holden Special Vehicles Unveils Race Cars for India, Says KERS Tech on the Way

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Holden Special Vehicles (HSV) is looking to fill a growing need for race cars in India (the country just hosted its second Formula 1 race last weekend). General Motors’ Australia-based performance division has just unveiled a new race car that will be shipped to India by the end of the year. If that weren’t enough, ...

Teased Again: 2014 Chevrolet Silverado Prototype Shown Undergoing Final Testing

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The next-generation 2014 Chevrolet Silverado set to go into production next year, but the automaker is still completing tests on its upcoming pickup truck. General Motors recently released the following “spy shot” of a light-duty Silverado undergoing “final validation” testing at the company’s Milford Proving Grounds, noting that the truck will have a “comfortable, well-balanced ...

Report: Opel Holding Back GM Stock – What Should GM Do With European Operations?

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Though GM’s done a good job picking up the pieces of its 2009 bankruptcy in the U.S. market, the company is still struggling in Europe.For years, GM’s European operations have been plagued with financial problems, posting a $747 million loss last year and losing $1.76 billion in 2010. A report from Forbes suggests ailing European ...

GM CEO Earns $7.7 Million in 2011, Too Low Says Automaker

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General Motors claims in its annual proxy statement that CEO Dan Akerson’s compensation in 2011 was too low when matched against comparable CEOs. The Associated Press reports that Akerson earned $7.7 million during 2011, which is about $0.85 for each vehicle GM sold last year. Akerson’s $7.7 million includes a $1.7 million salary and $5.95 million ...

GM’s June Sales Drop 6.4 Percent, Cadillac Jumps 20.7 Percent

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General Motors is happy with this month’s flat sales numbers – the company’s overall sales were down just six percent. The drop is attributed to 41 percent less sales to fleet companies than last year, meaning that more of the 201,237 vehicles sold went to more consumers than before. It may be a decrease of ...

Report: GM Targeting Chevrolet Volt Sales of 36,000 in 2013

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General Motors is hoping to move more Chevrolet Volts this year. A new report states that the automaker is aiming to move 36,000 Volts in 2013, roughly 20 percent more than in 2012. To put that into perspective, Chevrolet sold 23,461 Volts in the U.S. last year. According to the report by The Washington Post, GM built ...

Report: Auto Industry Bailout Could Cost $3.4 Billion More Than Last Estimate

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The U.S. Treasury Department’s estimated cost to taxpayers of the 2009 auto industry bailout has just taken a $3.4 billion jump. While the $21.7 billion estimate at the end of May was lower than the earlier $23.8 billion figure, now the treasury department told congress it expects to lose $25.1 billion – up $3.4 billion ...

GM 2012 Sales: Chevrolet Silverado, Volt End Strong – GM Sells One Million 30-MPG Cars

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General Motors reported that it sold just shy of 2.6 million vehicles in 2012, beating its 2011 total volume by 3.7 percent. The automaker finished the year by posting a December 2012 sales gain of 4.9 percent, pushing the automaker to its strongest December sales tally since 2007. GM also noted that it sold one million ...

Former GM CEO Ed Whitacre Says Government Should Sell GM Shares Now

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Ed Whitacre, former CEO of General Motors, urges the Obama administration to sell its remaining GM shares in an opinion piece from The Wall Street Journal. The U.S. government currently retains a 26.5-percent stake in the automaker, and at current prices, would lose around $14 billion if the shares were sold now. “The Treasury Department should ...