Another 104 claims have been added to the pile for examination by Kenneth Feinberg and his staff, who are overseeing the victim compensation fund established by General Motors as a result of the February 2014 ignition switch recall.Show More Summary
Sales of General Motors’ midsized Chevrolet Malibu are reportedly down in the US, making it the only top-eight model to buck an otherwise growing segment trend. Sales of the Toyota Camry, Kia Optima, Honda Accord, Hyundai Sonata, Nissan Altima and others are all up, while Malibu sales paint a lonely picture; down seven percent. Show More Summary
General Motors is said to be working overtime to launch a new version of its Malibu sedan as the current model continues to tank in the ultra-competitive medium-size segment. Automotive News reports GM is aiming to release the next-generation Chevrolet/Holden Malibu “about a year from now”. A late-2015/early-2016 introduction would cut the current eighth-generation car’s [...]
There are two reasons General Motors may fail to reach its operating profit margin in its most important region.
WASHINGTON (Reuters) - The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury said on Friday. Show More Summary
A year ago, TTAC broke news of back channel overtures being made towards Iran on behalf of General Motors. A number of Chevrolet Camaro Convertibles made their way to Iran via a complicated logistics network and the importations were of dubious legality. Show More Summary
It’s been a while since the TTAC Zaibatsu checked in on the victim compensation fund created by General Motors and overseen by the office of attorney Kenneth Feinberg. How have things gone since the last time? One hundred fatality and injury claims have been approved. Show More Summary
There's an alternate universe version of Cadillac, one that borrowed from General Motors' best departments and built a car that beat Mercedes when it counted. Paul Niedermeyer from Curbside Classics explains the whole thing. Read more...
For General Motors, 2014 has been good and bad in equal measure. They've seen record sales numbers and have the strongest product lineup in decades. But they've also been dogged by recalls, hearings, and the ever-increasing toll of people injured or killed by the defective ignition switch in millions of cars. Read more...
2014 has been a rough ride for General Motors, and rightfully so with its tragic recall saga. Recent decisions regarding fleet sales at least give investors hope that GM's management will continue to make better decisions.
The General Motors ignition-switch compensation fund has the macabre task of determining whether to pay settlements to those who claim to be hurt by the automaker's faulty parts. The group, led by star attorney Kenneth Feinberg, has been accepting claims since August 1, and the latest statistics have brought to light quite a grisly figure. Show More Summary
GM's recall mess has kept the stock cheap, but that may not last much longer.
Poor Cadillac can't catch a break, sales are down 5.9% this year while other luxury car companies are having record numbers. The problem, according to General Motors, is not the lack of competitive product, because Caddy is making some damn good cars. The problem is the dealerships. Read more...
HAMBURG (Reuters) - General Motors has suspended the delivery of cars to dealerships in Russia in response to a slide in the rouble, the company said on Thursday. "In view of the volatility of rouble exchange rate and with the aim to...Show More Summary
From the General Motors recalls to the Sony hacks to the stunning string of multi-billion dollar tech acquisitions this year, some of the biggest stories of 2014 were from the business world. Playing starring roles in such stories, CEOs and other captains of industry often offered their own idiosyncratic commentaries on the events. Show More Summary
Categories: Afternoon Coffee Tags: General News Ford Motor Company will recycle scrap aluminum to use to make new 2015 F-159 pickup trucks. And, New York's health and environmental commissions rejected a hydraulic fracturing proposal today. Show More Summary
The third-generation Cadillac CTS is the best sedan General Motors has ever built. At least, that's what we've been saying so far. It's high praise for a car that hasn't even had a "V" performance variant yet. Apparently, that's going to change next month. Read more...
By Dion Rabouin, International Business Times The Kentucky county where General Motors builds Corvettes has become the first in the state to approve a right-to-work ordinance. Warren County, which is home to the city of Bowling Green,...Show More Summary
The General Motors victim compensation fund approved four death claims last week, bringing the total number of confirmed fatalities linked to faulty ignition switches to 42 – officially tripling the number of deaths GM initially linked...Show More Summary