Home » Posts tagged with » general motors

General Motors’ US sales up 16 pct in June

  General Motors Co. said its U.S. sales rose 16 percent in June on solid demand for small and midsize cars.   Sales of the Chevrolet Volt electric car more than tripled over June 2011, to more than 1,700. GM also saw double-digit sales increases for the Chevrolet Malibu and Buick LaCrosse midsize cars.  … Continue Reading General Motors’ US sales up 16 pct in June

GM OK’s electric vehicle cooperation with China

Comments Off

General Motors Co. agreed Tuesday to deepen cooperation with its flagship Chinese partner on development of electric vehicle know-how amid pressure from Beijing to hand over proprietary technology. GM would not say how much it’s investing in the venture with Chinese state-owned partner Shanghai Automotive Industrial Corp., and gave few details of the deal. The… Continue Reading GM OK’s electric vehicle cooperation with China

Continue reading …

General Motors says its first-quarter net income more than tripled on strong car sales in the U.S. and China. The company’s first-quarter net income totaled $3.2 billion, or $1.77 per share, one of its best performances since the SUV boom in the early 2000s. It was GM’s fifth straight quarterly profit since late 2009, the… Continue Reading GM earns $3.2 billion in 1Q on higher sales

Continue reading …

General Motors says its sales sputtered in September, a sign that Americans are nervous about taking on debt to buy big-ticket items. Sales for the biggest U.S. automaker fell about 6 percent from August but were up 10.5 percent over September of last year. However, it was easy for sales to improve from last September.… Continue Reading GM posts sluggish Sept. sales, sign of slow autumn

Continue reading …

General Motors Co. said Thursday it made $1.33 billion in the second quarter, a sign it’s getting healthier as it prepares to sell stock to the public. It was the second straight quarterly profit for the Detroit automaker, which made $865 million in the first quarter, and sets the stage for GM to file paperwork… Continue Reading GM posts $1.33 billion profit, a sign of strength

Continue reading …

Governor signs bill that will give dealers the right to reopen franchises or demand them back Gov. Bill Ritter signed a bill into law this week that gives Chrysler and General Motors dealers who were closed during the automakers’ bankruptcies a right of first refusal if the companies reopen an area franchise, or a right… Continue Reading Law provides reparations to GM, Chrysler auto dealers

Continue reading …

Chevy Volt to get 230 miles per gallon in city

Comments Off

(A.P) – General Motors Corp. new Chevrolet Volt rechargeable electric car is expected to get 230 miles per gallon of gasoline in city driving, more than four times the mileage of the current champion, the Toyota Prius, according to GM executives. The Volt is powered by an electric motor and a battery pack with a… Continue Reading Chevy Volt to get 230 miles per gallon in city

Continue reading …

GM to scrap Pontiac, cut 21,000 jobs

Comments Off

DETROIT (AP) – General Motors Corp. could be majority owned by the federal government and the United Auto Workers under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand.The plan, which includes an offer to swap roughly $27 billion in… Continue Reading GM to scrap Pontiac, cut 21,000 jobs

Continue reading …

DETROIT (AP) – General Motors Corp.’s new chief executive said Tuesday that more of the automaker’s plants could close and bankruptcy is “more probable” as GM works to meet new, tougher requirements for government aid.In his first news conference as CEO, Fritz Henderson said he expects the company would “need to take further measures” beyond… Continue Reading GM CEO says bankruptcy a probable outcome

Continue reading …