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GM to Show Volt, U.S. Cruze at LAIAS GM publicly claiming 40 MPG highway for the Cruze. www.gminsidenews.com
November 17, 2009
DETROIT – Chevrolet affirms its commitment to fuel solutions and building refined, eco-friendly vehicles with the debut of the U.S. production version of the Cruze sedan at the Los Angeles Auto Show, on Dec. 2. The Cruze, along with the much-anticipated Volt electric vehicle, will give visitors to the L.A. show a close-up view of Chevrolet’s expanding lineup of gas-friendly to gas-free products.
“With expected highway fuel economy up to 40 miles per gallon, Cruze will be extremely gas friendly while the Volt electric vehicle can be operated gas-free," said Brent Dewar, vice president, Chevrolet. “Chevrolet's focus is on forward-looking technologies to the benefit of our customers, such as the highly efficient, small-displacement turbocharged engine in the Cruze or the Volt electric vehicle with extended range.”
The Cruze has already launched to high acclaim in Europe and Asia and has undergone refinement for America. It goes on sale in the U.S. in the third quarter of 2010 but has already logged more than 4... [Read More]
Buick Unveils 2011 Regal Sport Sedan This Regal certainly is not your grandfather's Buick! www.gminsidenews.com
November 11, 2009
By: Nick Saporito
Later today General Motors will reveal the 2011 Buick Regal to an audience of owners and enthusiasts in Los Angeles. Throughout the past few months the car has generated a lot of buzz on the Internet thanks to leaks out of a Buick dealership meeting that GM hosted and leaks of the car by Buick themselves on their Facebook page. Just even a year ago it would have been laughable to use the phrase "Sport Sedan" in the same sentence as Buick, however the 2011 Regal seems to be busting that irony all up.
First off, GMI broke most of the news on the Regal thanks to dealership sources a few weeks ago. That information has checked out! However there is one SHOCKING difference...the new Regal is going to be produced at Opel's Russelsheim, Germany assembly plant. For months speculation has surrounded that the car would be built at GM's Oshawa, Ontario facility. GMI suspects that the car will be imported only for the 2011 model-year, then production will move to this side of the pond.
GMI Talks With Top Brass About Cadillac, Aveo More information on some of the hottest items on the rumor mill. www.gminsidenews.com
November 8, 2009
By: Alexander Villani
During the CTS-V Challenge at the beautiful Monticello Motor Park, I had a chance to chat with recently-appointed Cadillac General Manger Brian Nesbitt, Director of Cadillac Communications Nick Twork and the man of the day Bob Lutz about some upcoming product. First I would like to say that just talking with these three men gives me great confidence in what General Motors has planned to keep itself viable. Not only was talking to them about product a great experience, but in the way that they talked about it to me, being about as candid as people can of their stature and rank can be. With that, let’s get down to the goods.
XTS: Talking to Nick Twork, I asked him questions regarding this upcoming vehicle, really trying to find out what Cadillac wants with a car like this. He explained to me that the segment that the XTS will be going into is a very large and profitable market, offering a softer side of driving. He talked about how brands... [Read More]
Fritz: "We are outperforming our plan from bankruptcy" GM's CEO has a candid Q&A with reporters regarding just about everything. www.gminsidenews.com
November 5, 2009
By: Nick Saporito
This morning General Motors CEO Frtiz Henderson hosted media for a Q&A session in Detroit. There was no set theme for the conference, however we suspect it was to clear the air regarding GM's last minute decision change with the handling of their European Opel division. Fritz did not have much in the way of new information regarding Opel, but did mention that some of the financing for Opel would come from GM. He credits the decision chance to both an improved outlook for GM and the mostly-new Board of Directors learning more about the automotive business.
Fritz was pushed by reporters to discuss GM's financial status, but declined to elaborate too much. He did state that GM is outperforming the plan that originated from bankruptcy. The CEO got fairly confident by saying that in mid-November "You'll see it (improved finances) directly" when GM announces--we assume--will be third quarter earnings.
It does not come as a surprise that Fritz... [Read More]
Breaking: GM Board Decides to Keep Opel Is the Opel Saga finally over...again? www.gminsidenews.com
November 3, 2008
DETROIT – Given an improving business environment for GM over the past few months, and the importance of Opel//Vauxhall to GM’s global strategy, the GM Board of Directors has decided to retain Opel and will initiate a restructuring of its European operations in earnest.
“GM will soon present its restructuring plan to Germany and other governments and hopes for its favorable consideration,” said Fritz Henderson, president and CEO. “We understand the complexity and length of this issue has been draining for all involved. However, from the outset, our goal has been to secure the best long term solution for our customers, employee, suppliers, and dealers, which is reflected in the decision reached today. This was deemed to be the most stable and least costly approach for securing Opel/Vauxhall’s long-term future.”
On a preliminary basis, the GM plan entails total restructuring expenses of about € 3 billion, significantly lower than all bids submitted as part of the investor solicitation. GM will work with all... [Read More]
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