General motors News

When General Motors emerged from bankruptcy in 2010, the Canadian federal and Ontario provincial governments found themselves among the largest shareholders in one of the biggest automakers in the world and, currently, the governments want to liquidate.

Washington - That faulty ignition switch that may have led to 13 deaths and forced General Motors to recall millions of small cars reportedly saved the company just a dollar per potentially affected car back in 2005, says a Reuters report.

Detroit - General Motors is recalling some 1.6 million vehicles over a problem that may have lead to 13 deaths, but now comes word that U.S. regulators may have been aware of problems with the compact cars early on and did nothing.

General Motors (GM) has reported that car sales for the month of December 2013 were very disappointing, and its share price has subsequently fallen on the New York Stock Exchange by 2.4 percent.

Sydney - Holden (General Motors Holden) are on the ropes. The Holden brand is has been the standard bearer of the Australian “car culture” for so long. The trouble is money. What a surprise.

In the latest sign that the U.S. economy is improving, car manufacturers sold 1.5 million vehicles during the month of August, a figure that represents a 17 percent gain over the same month in 2012.

Geneva - Chevrolet's new Corvette Stingray stole the thunder from everyone else at this year's auto show in Detroit, and now it is poised to conquer the affections of design and car lovers around the globe in Geneva.

Las Vegas - If you were a fan of Hot Wheels cars all those years ago, you may want to have a look at the Chevrolet Camaro version available early in 2013. Though, this special edition will not arrive in a blister pack and it certainly will cost a pretty penny more.

Detroit - General Motors Co sold a record number of Chevrolet Volt sedans in August — but that probably isn't a good thing for the automaker's bottom line since each rolled off the production line posting up to a $49,000 loss.

Spring Hill - General Motors (GM) announced on Wednesday that it was investing nearly half a billion dollars in a state-of-the-art plant that will produce high-quality, fuel-efficient, four-cylinder engines.