Category Archives: GMC

GM unveils 550-horsepower Camaro

By doris | Published: February 9, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — General Motors, the same automaker that’s been winning awards with the gasoline-optional Chevrolet Volt, is clearly going after the fossil-fuel crowd with a 550-horsepower version of its Camaro performance coupe unveiled at the Chicago Auto Show Wednesday. This version of the Camaro will be considerably more powerful [...]

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GM plans to build a less expensive Volt

By doris | Published: February 1, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — The Volt has won nearly every major award offered and stirred up tons of interest, but one criticism persists: The price is way too high. Chevy cars — including the Volt — have always been intended for a mainstream market, but at $41,000, it seems GM is asking [...]

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GM vs. Ford: Which stock is the better buy?

By doris | Published: January 6, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Perhaps more iconic U.S. companies should consider government-sponsored bankruptcies. Shares of General Motors (GM) are up about 15% since the new GM went public in mid-November. By way of comparison, the S&P 500 and top rival Ford Motor (F, Fortune 500) are both up about 8%.

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GM, Chrysler each to hire 1,000 engineers

By doris | Published: December 1, 2010

Full Story at msnbc.com HAMTRAMCK, Mich. — General Motors and Chrysler, two companies that nearly died last year before getting government bailouts, showed further signs of recovery Tuesday as each announced plans to hire 1,000 engineers and researchers. GM’s hiring will begin immediately and run through the next two years as it adds staff to [...]

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Stocks finish higher after GM debut

By doris | Published: November 19, 2010

Full Story atMoney.cnn.com NEW YORK (CNNMoney.com) — U.S. stocks surged more than 1% Thursday as an early rally gained steam, following a strong debut by General Motors’ stock. Overnight talk that the Irish government was close to accepting a bailout loan eased eurozone worries and sent global stocks soaring. That momentum spilled over to U.S. [...]

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GM shares to be priced between $26 and $29

By doris | Published: November 4, 2010

Full Story at msnbc.com DETROIT — General Motors Co. is forecasting that it earned as much as $2.1 billion from July to September, a strong financial performance as the company prepares for an initial stock offering on Nov. 18. The third-quarter earnings, which GM will report next week, bolster the company’s contention that it is [...]

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GM takes another step to repay bailout

By doris | Published: October 29, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — General Motors is taking a big step toward repaying taxpayers for last year’s $50 billion bailout, announcing it will repurchase $2.1 billion in preferred stock held by the Treasury Department. The automaker has already repaid about $6.7 billion in loans. The plan to repurchase the preferred stock [...]

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GM recalls 240,000 SUVs for seat belt problem

By doris | Published: August 18, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — General Motors is recalling a total of 243,403 of its popular large crossover SUVs for a problem that could damage the rear seatbelt buckles. Most of the recalled vehicles are in the United States. In some of the vehicles, the seatbelt buckle can be damaged when the [...]

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GM to boost Chevy Volt production

By doris | Published: July 31, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — General Motors announced Friday that the automaker has raised its planned production of the Chevrolet Volt electric car to 45,000 in 2012. Originally the automaker planned to produce 30,000 Volts in its second year of production. The announcement coincided with a visit by President Barack Obama to [...]

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GM to make electric motors in U.S.

By doris | Published: January 27, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — General Motors announced Tuesday that it intends to become the first major automaker to design and manufacture electric motors for cars in the United States. Electric motors are used in gasoline-electric hybrid vehicles as well as fully electric-powered vehicles.

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900 auto dealers file to appeal shutdown

By doris | Published: January 24, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — About 900 General Motors and Chrysler dealerships that got the ax as the Detroit giants went through bankruptcy have filed notice that they will appeal their shutdown, according to the American Arbitration Association. The nearly 3,000 dealerships the auto manufacturers scrapped have until Monday to file with [...]

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GMAC receives 3rd round of bailout funds

By doris | Published: January 1, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — GMAC Financial Services will receive a third round of bailout funds from the U.S. Treasury Department and the government will have a controlling stake in the company, according to a government report Wednesday. The troubled auto and mortgage lender will collect $3.8 billion of additional aid on [...]

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General Motors CEO Henderson out

By doris | Published: December 2, 2009

Full Story at msnbc.com General Motors Co. CEO Frederick “Fritz” Henderson stepped down Tuesday after the board determined that the company wasn’t changing quickly enough. Chairman Ed Whitacre Jr. said at a hastily called news conference that he will serve as interim CEO, and an international search for a new CEO and president is planned. [...]

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Source: GM to begin repaying aid by year-end

By doris | Published: November 16, 2009

Full Story at msnbc.com WASHINGTON – General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule, according to a person familiar with the matter. The government debt represents about 13 percent of the [...]

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