General Motors

GM's 1st-quarter profit to take hit from recalls

1:15 pm U.S. ET | April 23, 2014
This was supposed to be the year when GM made a record $10 billion in profit. But the company, rocked by a recall crisis, will be hard pressed to avoid posting a loss when first-quarter earnings are released on Thursday. The cost of recalling millions of vehicles -- combined with continued losses in Europe and new challenges in Russia, Australia, Asia and South America -- have prompted analysts to downgrade their earnings estimates for the company.... Read More »

 

Opel CEO targets No. 2 sales position in Europe in comeback drive

6:19 am U.S. ET | April 23, 2014
GM's Opel brand is targeting second place in deliveries in Europe in the coming years as new models attract buyers. Opel currently is the third-largest brand in the region, behind VW and Ford, according to data from the ACEA trade group.... Read More »

 

GM owners claim bankruptcy fraud to keep recall suits alive

2:33 pm U.S. ET | April 23, 2014
GM's request for court protection from 50 car-owner lawsuits seeking compensation for millions of recalled autos with defective ignition switches was attacked as legally “unsupportable.”... Read More »

 

Toyota's global sales top VW, GM for 3rd straight quarter

5:11 am U.S. ET | April 23, 2014
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

Toyota outsells VW, GM for 3rd straight quarter

April 23, 2014 11:11 CET
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

Corvette museum may keep some damaged 'Vettes, sinkhole on permanent display

April 23, 2014 06:01 CET
GM and officials with the National Corvette Museum in the U.S. will meet next month to determine which of eight Corvettes damaged after plunging into a major sinkhole on Feb. 12 are fit to be restored.... Read More »

 

GM splits engineering into 2 divisions with new leaders; Calabrese to retire

10:26 am U.S. ET | April 22, 2014
General Motors is replacing its head of engineering and will divide its vehicle engineering organization into two divisions in a shakeup that the company says will improve quality and safety in the wake of its recall crisis.... Read More »

 

Sen. Blumenthal wants to quiz former GM CEOs on recalls

4:20 pm U.S. ET | April 22, 2014
Former General Motors CEOs and other executives should be called to testify to before Congress about the company's slow response to defective ignition switches in cars that have been linked to at least 13 deaths, a Democratic senator said on Tuesday.... Read More »

 

GM faces NHTSA probe over '14 Chevy Impala automatic brakes

3:19 pm U.S. ET | April 22, 2014
U.S. regulators are investigating whether a 2014 Chevrolet Impala's automatic-braking system kicked in unexpectedly at 40 miles per hour, causing a crash.... Read More »

 

Corvette museum may keep some damaged 'Vettes, sinkhole on permanent display

3:22 pm U.S. ET | April 22, 2014
GM and National Corvette Museum officials will meet next month to determine which of eight Corvettes damaged after plunging into a major sinkhole on Feb 12 are fit to be restored. The museum, which plans to keep the damaged Corvettes on display through the summer, may decide to leave some unrepaired as part of a permanent display.... Read More »

 

GM requests protection in N.Y. court against ignition switch lawsuits

7:04 am U.S. ET | April 22, 2014
GM filed a motion in a federal bankruptcy court to enforce a bar on lawsuits related to ignition defects in cars sold before its 2009 bankruptcy as it fights a class-action lawsuit that seeks to set aside the restriction.... Read More »

 

KEITH CRAIN

Lots of buzz in New York

12:01 am U.S. ET | April 21, 2014
As always, we all caught our breath after the Detroit auto show.... Read More »

 

New system, but no quick fix for GM

12:01 am U.S. ET | April 21, 2014
When General Motors last week unveiled a new way for dealers to order parts for the ignition-system recall, it reminded dealers of a hard truth: They'll be waiting for parts -- and placating impatient customers -- at least well into the autumn.... Read More »

 

Plaintiffs call GM bid to freeze ignition suit a 'red herring'

10:49 am U.S. ET | April 21, 2014
GM's bid to freeze a lawsuit over faulty ignition switches may compromise public safety, plaintiffs told a judge in California, calling the automaker's claim that its 2009 bankruptcy shielded it from the old GM's liabilities “irrelevant” and a “red herring.”... Read More »

 

Payout czar set to dive into GM legal mess

12:01 am U.S. ET | April 21, 2014
Kenneth Feinberg soon may begin trying to put a dollar figure on the damage inflicted by the faulty ignition switches in General Motors cars.... Read More »

 

NHTSA closes 4-year probe into Saturn Ion power steering problems

9:19 am U.S. ET | April 21, 2014
Safety regulators closed a four-year probe into power steering problems in almost 335,000 older Saturn Ions after General Motors Co recalled the cars, which are also part of an unrelated recall of defective ignition switches linked to at least 13 deaths.... Read More »

 

2014 NEW YORK AUTO SHOW

Chevy expects big things from tiny crossovers

12:01 am U.S. ET | April 21, 2014
Chevrolet's decision to add the Trax to its U.S. lineup marks the latest effort by automakers to wring more sales growth and fuel economy gains from the small end of the crossover segment.... Read More »

 

2014 NEW YORK AUTO SHOW

Limited-run CTS-V coupe on the way

12:01 am U.S. ET | April 21, 2014
Cadillac plans to make a limited-edition CTS-V coupe for an abbreviated 2015 model year, closing out a five-year run that helped the brand earn back credibility among luxury buyers.... Read More »

 

GM recalls have had no 'measurable impact' on sales, Ammann says

1:03 pm U.S. ET | April 20, 2014
Citing his company's 4 percent sales gain in March and a "decent start" for sales in April, General Motors President Dan Ammann said the company's ignition switch recall has had no "measurable impact" on sales.... Read More »

 

2014 BEIJING AUTO SHOW

GM to pump $12 billion into China, hike capacity 65%

10:21 am U.S. ET | April 20, 2014
GM, undeterred by slowing growth in China, announced plans to plow $12 billion into the country by 2017 and boost capacity 65 percent by 2020.... Read More »

 

2014 NEW YORK AUTO SHOW

After strong surge in 2013, Cadillac stumbles in Q1

12:01 am U.S. ET | April 20, 2014
Cadillac last year began billing itself as the industry's "fastest-growing full-line luxury brand." It was a short-lived distinction. Cadillac sales fell 7 percent in the first quarter, to 39,588, compared with a 1 percent gain for the industry overall and an 8 percent rise in the luxury segment.... Read More »

 

VW signals it will outsell GM in China for second straight year

April 19, 2014 14:34 CET
Volkswagen forecast that its sales in China will increase 10 percent or more in 2014, signaling that it will outsell General Motors in the world's biggest auto market for a second straight year.... Read More »

 

'Slow to act' GM rankled NHTSA, e-mail shows

12:01 am U.S. ET | April 19, 2014
Discussions between the NHTSA and GM went back and forth for months, and GM eventually sent out two batches of recall notices to owners of about 7,000 cars. But NHTSA believed GM hadn't gone far enough and opened an investigation last summer to determine whether the recall should include 400,000 vehicles instead.... Read More »

 

U.S. dealers grapple with recall pain -- missing parts, overtime, lost sales

2:23 pm U.S. ET | April 18, 2014
With multimillion-unit recalls by GM and Toyota, and numerous smaller recalls by other automakers, dealerships in the United States are grappling with missing parts, rising overtime costs for technicians, frustrated customers, and lost sales.... Read More »

 

Continental named in GM recall suit

April 18, 2014 13:18 CET
Plaintiffs' lawyers are seeking to draw Continental Automotive Systems US, the maker of airbag systems in recalled General Motors vehicles, into litigation over an ignition-switch defect that has been linked to 13 deaths.... Read More »

 

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