General Motors

GABE NELSON

Automotive safety at any cost? Sounds good, but it's not true

12:01 am U.S. ET | April 12, 2014
Cost-benefit analysis is a deep-rooted and necessary practice in every industry in which health and safety are at stake. If automakers truly spared no cost for safety, cars in American showrooms would have nothing but five-star crash test ratings and cutting-edge safety technology. And they would all cost a lot more.... Read More »

 

THE GM RECALL

GM engineer OK'd leaving part number unchanged, document shows

5:15 pm U.S. ET | April 11, 2014
A document created by supplier Delphi Automotive in May 2006 and released Friday by a congressional committee confirms that a General Motors engineer, Ray DeGiorgio, agreed to a redesign of the now-recalled ignition switch without changing the part number.... Read More »

 

U.S. House panel chairman cites 'failures' related to GM recalls

3:59 pm U.S. ET | April 11, 2014
A congressional committee said today there were "failures within the system" over the handling of flawed ignition switches in General Motors vehicles, which have been linked to 13 deaths.... Read More »

 

Dealers see parts trickle in for recall repairs

4:14 pm U.S. ET | April 11, 2014
Most General Motors dealers continue to wait as parts that were expected to arrive this week to repair faulty ignitions on millions of recalled small cars only trickle in. The wait is disruptive to business, some dealers said today. They are working hard to keep customers informed and patient with the repair process, they said, adding that when the parts do arrive, service shops and technicians stand ready.... Read More »

 

2014 NEW YORK AUTO SHOW

Chevy drops top on Corvette Z06 for 2015

3:50 pm U.S. ET | April 11, 2014
Chevrolet is dropping the top on the Corvette Z06 for 2015 and the convertible is being billed as the Stingray for owners who want it all.... Read More »

 

THE GM RECALL

Deadly GM ignition switches started with 2003 Saturn Ion

3:13 pm U.S. ET | April 11, 2014
The 2003 Saturn Ion was supposed to be a pivotal car for GM. Instead, it came to represent the compromises and corner cutting that almost destroyed GM and now find the company in a global recall of some of its most popular models. The Ion debuted two years before the Chevy Cobalt, the model most associated with the current recall of 2.6 million vehicles, and it was the first car with the defective ignition switch linked to at least 13 deaths, when engines turned off, disabling airbags.... Read More »

 

Ontario plans to unload remaining stake in GM

1:29 pm U.S. ET | April 11, 2014
The Canadian province of Ontario plans to sell its remaining shares of General Motors Co. in the next year as part of a review of its state-owned assets.... Read More »

 

U.S. senators ask Justice Department to intervene in GM litigation

11:24 am U.S. ET | April 11, 2014
A group of senators today urged the Department of Justice to oppose any efforts by General Motors to skirt financial responsibility related to the company's failure to promptly recall vehicles with ignition switch problems linked to 13 deaths.... Read More »

 

China sales rise 7.9% in March; GM tops VW in Q1

9:27 am U.S. ET | April 11, 2014
Sales of passenger vehicles in China gained 7.9 percent last month as consumers purchased cars on concerns that more cities may start limiting new license plates. Wholesale deliveries climbed to 1.7 million units in March, the state-backed China Association of Automobile Manufacturers said today.... Read More »

 

GM suspends 2 engineers amid ignition-switch investigation

8:44 am U.S. ET | April 10, 2014
General Motors has placed two engineers, Ray DeGiorgio and Gary Altman, on paid leave for their roles leading to the recall of 2.6 million small cars with defective ignition switches, two people familiar with the matter told Bloomberg. CEO Mary Barra said two engineers have been put on leave but didn't name them. A GM spokesman declined to comment further.... Read More »

 

Toyota, GM cases could usher in era of big recalls, increased scrutiny

12:01 am U.S. ET | April 10, 2014
After Toyota and GM were criticized for dragging their feet before calling back defective models in recent years, automakers are accelerating safety actions. Recalls recently climbed to records in Japan and China, while in the United States the 2014 pace is well ahead of last year's, when the tally rose to the highest since 2004.... Read More »

 

THE GM RECALL

GM settled with families over fatal 2004 crashes linked to ignition switches

3:52 pm U.S. ET | April 10, 2014
General Motors agreed to settlements with family members of two people who died in separate frontal crashes of Saturn Ions in 2004 in which airbags did not deploy, Automotive News has learned.... Read More »

 

THE GM RECALL

GM raises recall charge to $1.3 billion, adds lock cylinder to part replacement

2:16 pm U.S. ET | April 10, 2014
GM said it now expects to take a $1.3 billion charge in the first quarter related to its ignition-switch recall, as it expanded the scope of the recall to fix a problem that has caused some drivers' keys to fall out of the ignitions while their cars are on. The amount of the charge revealed today increases GM's March 31 estimate of $750 million by more than 70 percent. In addition to replacing the ignition switches on 2.... Read More »

 

GM suspends 2 engineers amid ignition-switch investigation

April 10, 2014 14:44 CET
GM has placed two engineers, Ray DeGiorgio and Gary Altman, on paid leave for their roles leading to the recall of 2.6 million small cars with defective ignition switches, two people familiar with the matter said.... Read More »

 

Chevy dealership in Missouri sues customer over disputed repair bill

5:49 pm U.S. ET | April 10, 2014
Jim Butler Chevrolet in suburban St. Louis is suing a customer who took issue with the repair bill for his Chevrolet Malibu, and is seeking $25,000 in damages. Dwayne Cooney took his vehicle to the dealership for service after hours on Jan. 31 because the key fob wouldn't work, the tire pressure monitor light remained on and an airbag warning light had illuminated.... Read More »

 

Toyota, GM cases could usher in era of big recalls, increased scrutiny

April 10, 2014 06:01 CET
After Toyota and GM were criticized for delaying recalls of defective models in recent years, automakers are accelerating safety actions. Recalls recently climbed to records in Japan and China.... Read More »

 

Cadillac, Buick top service satisfaction rankings for 1st time

1:00 pm U.S. ET | April 9, 2014
Cadillac overtook Lexus to top a survey of customer satisfaction with luxury dealership service departments, giving General Motors twin victories in a study by JD Power and Associates. Buick led the mainstream category, ahead of GMC and Chevrolet in the top five.... Read More »

 

Ally raises $2.38 billion in IPO priced at $25 a share

6:00 pm U.S. ET | April 9, 2014
Ally Financial raised $2.38 billion in its initial public offering after pricing the shares at the bottom of the proposed range. The shares, listed on the New York Stock Exchange under the symbol ALLY, fell 4 percent today to close at $23.98.... Read More »

 

U.S. Congress turns GM probe focus to engineers, considers legislation

10:02 pm U.S. ET | April 9, 2014
Federal lawmakers investigating General Motors' slow recall of 2.6 million cars are zeroing in on engineers and others who may have been aware of problems with ignition switches linked to at least 13 deaths.... Read More »

 

GM planning lower-priced version of 2016 Chevy Volt, report says

12:42 pm U.S. ET | April 9, 2014
Hoping to boost demand for its slow-selling Volt hybrid, Chevrolet is planning to sell two versions of the redesigned 2016 Volt, including a lower-priced model with a smaller battery pack and shorter driving range, supplier sources told Reuters on Tuesday. GM's Opel also is planning a smaller version of the next generation Volt, according to another report.... Read More »

 

NHTSA lawyer calls engineers 'first line of defense' for car safety

4:06 pm U.S. ET | April 8, 2014
The National Highway Transportation Safety Administration's top lawyer told a gathering of automotive engineers today that they were the “first line of defense” in vehicle safety.... Read More »

 

GM to invest $449 million in plants for next-generation Volt, 2 future products

12:25 pm U.S. ET | April 8, 2014
General Motors plans to invest $449 million at its Detroit-Hamtramck Assembly Plant and a battery assembly facility in suburban Detroit to build the next generation Chevrolet Volt and two future vehicles that weren't disclosed.... Read More »

 

GM dealers field calls, manage inventory while waiting for recall parts

4:12 pm U.S. ET | April 8, 2014
General Motors estimates repairs to 2.6 million small cars affected by a massive recall will not start until next week -- not this week as originally expected. Some dealers are fielding dozens of calls daily from customers wanting to know when their car will be fixed.... Read More »

 

Two GM SUVs score 'good' ratings in new crash testing

12:01 am U.S. ET | April 8, 2014
Only the Chevrolet Equinox and GMC Terrain survived the challenging new small-overlap crash test for mid-sized SUVs from the Insurance Institute for Highway Safety with a "good" rating.... Read More »

 

GM investors unshaken as recall cuts $3 billion in stock market value

1:48 pm U.S. ET | April 7, 2014
Some of GM's institutional investors say they're keeping faith in the stock after the recall crisis wiped out more than $3 billion in shareholders' value over four weeks. CEO Mary Barra has apologized for the lives lost in accidents tied to an ignition switch defect and promised an aggressive investigation into why it took so long to do anything even though some at GM knew about the faulty switches as early as 2001.... Read More »

 

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