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General Motors (Page 43)

General Motors

General Motors Company (NYSE: GM) is a linchpin of the U.S. automotive industry, selling millions of vehicles every year - 8.3 million in 2018, to be precise – and employing more than 170,000 workers. More familiarly known as GM, the auto company counts iconic brands Buick and Cadillac under its corporate umbrella, as well the more utilitarian GMC brand and the budget-conscious Chevrolet badge.

Formed in 1908 in Flint, Michigan, General Motors has a long history with the Great Lakes State. Alongside the Ford Motor Company, GM’s presence in the region and its creation of popular cars under various brands are some of the main reasons that Detroit is so widely known as Motor City. GM is a Fortune 500 company and frequently appears in the top 25 of that list as one of the largest U.S. corporations by revenue.

Here at Torque News, we cover a wide variety of stories involving General Motors, from new models and announcements to the company’s latest technology developments and electric vehicle initiatives. GM plans to release more than 20 new electric models across its major brands by 2023 and you’ll hear about all of them on this site, as well as the latest and greatest from GM’s existing models.

The Mecum 2011 Indy Spring Classic has something for everyone
By Patrick Rall on May 19, 2011 - 8:34PM
TorqueNews has spent the last two days working through the 2000+ cars of the 2011 Mecum Indy Spring Classic Auction and there is one thing that we’ve learned - this event has something for everyone.
GM believes future of transportation is electric, builds 1st electric car plant
By Don Bain on May 18, 2011 - 3:33PM
When completed during 2013, the General Motors electric motor plant near Baltimore will be the first facility of a major U.S. automaker focused on making the critical components for electric vehicles. Further a solar array will provide up to nine percent of the power needed for the existing two-mode hybrid and heavy-duty transmission building.
The 2011 Mecum Indy Auction begins today
By Patrick Rall on May 17, 2011 - 3:51PM
Today at the Indiana State Fairgrounds, the 24th annual Dana Mecum Original Spring Classic Auction kicked off – offering buyers and tire-kickers a chance to look at the world’s largest collector car auction with some of the most amazing modern and vintage vehicles that you will ever see in one place.
Chevrolet Impala to get 302hp in 2012
By Patrick Rall on May 17, 2011 - 10:27AM
When the 2012Chevrolet Impala hits the market later this year, it will be powered by the 3.6L V6 originally found in the Chevrolet Camaro – packing 302 horsepower and 252lb-ft of torque.
GM named Innovation Leader by Patent Board
By Frank Sherosky on May 15, 2011 - 1:47PM
The Patent Board has ranked General Motors as the No. 1 innovator of 182 companies in its quarterly automotive and transportation industry scorecard.
GM to invest $109 million in Michigan engine facilities
By Patrick Rall on May 13, 2011 - 12:36PM
General Motors has been in the news quite a bit lately for announcements of improvements to plants around the US and today, GM has announced that they will invest $109 million in their Flint and Bay City facilities to help meet growing demand for their more fuel-efficient models.
GM CEO Akerson buys $939k in company stock
By Patrick Rall on May 13, 2011 - 10:07AM
General Motors’ CEO Dan Akerson purchased 30,000 shares of company common stock this past Wednesday, with a price of $31.33 per share bringing his total for that transaction to $939,000.
GM investing 2 billion in US plants, creating/preserving 4,000 jobs
By Patrick Rall on May 12, 2011 - 12:11PM
General Motors has announced that they would be investing roughly $2 billion in production facilities around the United States – helping to create or preserve over 4,000 jobs across 17 plants and 8 U.S. states.
GM Receives $3 Million Solar Investment for Volt Plant
By Keith Griffin on May 11, 2011 - 4:02PM
Would you spend $3 million to save $300,000? Of course not, but an electric company is on GM's behalf through its $3 million investment in a photovoltaic solar array at the General Motors Detroit-Hamtramck assembly plant to help power the home of the Chevrolet Volt electric car.
GM celebrates Creative Beginnings Month
By Frank Sherosky on May 10, 2011 - 10:24AM
Connecting art and design students with college and careers, General Motors is using Creative Beginnings Month in May to avail design-sponsored events to promising art and design students and educators.
Chevrolet Volt demo program leading to new sales
By Frank Sherosky on May 9, 2011 - 11:43AM
The Chevrolet Volt demonstration units are such a popular showroom draw that dealers are seeing sales rise as a net result. So, expect the demo program to expand.
GM Buick e Assist
Gasoline prices surpassing capability of present engine technology
By Frank Sherosky on May 6, 2011 - 2:53PM
While the latest GM media releases say breathing right with VVT (variable valve timing) helps Chevrolet get more from less, and mild hybrids extend driving range, the pace of oil and gasoline price increases have overcome their benefits for city driving.
GM leads all major automotive groups in April growth, sales
By Patrick Rall on May 5, 2011 - 4:02PM
After a fairly weak March in terms of growth, General Motors broke out of their short slump in April 2011 with 232,538 units sold, giving them a year-over-year increase of 27% and the top spot in terms of growth and sales volume last month.
Camaro leads the Mustang, Challenger, 370Z in April 2011
By Patrick Rall on May 5, 2011 - 3:03PM
Ford and General Motors both saw huge jumps in muscle car sales but with the month of April coming to an end, the Chevrolet Camaro led the pack in muscle car sales for the 4th consecutive month.
GM Offers Condition To Bring Back El Camino
By Cheryl Phillips on May 5, 2011 - 1:45PM
Is the Chevrolet El Camino making a comeback? If Twitter has the power to influence GM’s Chief Marketing officer to make this happen, then perhaps fans of the coupe utility vehicle that debuted in 1959 will see it at their Chevy dealer in the near future.
GM recalls the 2011 Chevrolet Cruze for steering, trans issues
By Patrick Rall on May 5, 2011 - 11:21AM
The Chevrolet Cruze has quickly become one of the top-selling cars in America and to help keep it selling strong, GM is taking no chances with safety issues so the company has issued its second recall of the year for the compact sedan – this time over a possible issue with the steering assembly and transmission linkage.
GM stock sell-off despite earning 3.2 billion in Q1
By Frank Sherosky on May 5, 2011 - 8:50AM
Despite announcing first quarter net income attributable to common stockholders of $3.2 billion, or $1.77 per fully-diluted share, marking the company’s fifth consecutive profitable quarter, General Motors Company (NYSE: GM) stock started dropping with the pre-market opening trade. Update: By the close of trading in New York, GM stock was down $1.02
The Nissan Leaf beats the Chevy Volt in April sales
By Patrick Rall on May 3, 2011 - 4:06PM
The 2011 Chevrolet Volt comfortably outsold the 2011 Nissan Leaf in the US through the first three months of the 2011 calendar year but even with April bringing about all sorts of production stoppages for Nissan, the all-electric Leaf beat out the extended range Volt sedan in April 2011 sales.
Government Approves Solar Powered Charging Station
By Keith Griffin on May 3, 2011 - 3:14PM
The government is demonstrating its willingness to get behind green sources of energy by adding the first solar-powered charging station to the Government Services Administration schedule. That allows it to be purchased by federal agencies for use.
GM stock closes higher near IPO price after April sales report
By Frank Sherosky on May 3, 2011 - 11:29AM
Market Close Update: Even before the April sales report, General Motors (NYSE: GM) stock gapped higher on the open. While the stock intraday found support at 32.82, it managed to trade even higher, closing near its original IPO offering price of $33.
The future of hydrogen-fueled vehicles not burning so bright
By Don Bain on May 1, 2011 - 9:37PM
Just a few years ago auto manufacturers, scientists, engineers and even energy authorities were all talking about the promise of hydrogen and fuel cell propelled vehicles. It was an idyllic idea to keep combustion engines and simply burn something in them that would only emit pure clean, potable water right out of the tailpipe. However the application of what seemed a promising technology may have hit a snag.
1948 Oldsmobile Coupe at Bearing Burners Car Show helps GM Tech Center remember
By Frank Sherosky on May 1, 2011 - 6:37PM
2011 Bearing Burners Car Show and Swap Meet shines bright at GM Tech Center
By Frank Sherosky on May 1, 2011 - 5:11PM
The Bearing Burners Auto Club outshined the sun behind the clouds once again at the 34th Car Show & Swap Meet on the grounds of the GM Tech Center in Warren, Michigan.
Spyker may join forces with Chinese to save Saab, GM approves Russian investor
By Patrick Rall on April 29, 2011 - 11:22AM
Saab has seen its Trollhattan, Sweden production facility shuttered for most of April due to inability to pay suppliers for the components needed to produce vehicles and with the parent company Spyker desperate for funding, the company is looking to Russian investor Vladimir Antonov along with a variety of Chinese automakers to save the Saab brand.
GM stock responding to Auto Shanghai 2011 awards
By Frank Sherosky on April 29, 2011 - 10:51AM
While Shanghai GM was named the Best Car Manufacturer and the new Chevrolet Malibu the Most Eye-Catching Car Model yesterday at the Auto Shanghai 2011 Grand Awards, GM stock has been awarded by investors with more buyers than sellers recently. The GM stock chart gives the technical picture.
Tokyo Motor Show
The Big 3 passes on the 2011 Tokyo Motor Show
By Patrick Rall on April 28, 2011 - 12:27PM
We reported in February that both Chrysler and General Motors had decided not to make an appearance at the 2011 Tokyo Motor Show and with the final lineup announced for the big Japanese show, Ford Motor Company will also not be in attendance.
Buick declared one of fastest-growing passenger car brands in China
By Frank Sherosky on April 28, 2011 - 11:39AM
Shanghai GM announced that sales of Buick products have surpassed 3 million units since the joint venture began offering its original vehicle brand in 1999.
Part two of the 2011 Cadillac SRX Turbo AWD Premium review
By Patrick Rall on April 28, 2011 - 10:46AM
The 2011 Cadillac SRX Turbo AWD Premium package includes pretty much everything that you could possibly want including the monstrous dual panel sunroof and monitors in the rear of the seatbacks.
GM new engine plant in Brazil to supply two assembly pants
By Frank Sherosky on April 28, 2011 - 9:43AM
GM do Brasil on Monday laid the foundation stone for a new engine plant in Joinville in south Brazil that will make engine components beginning in 2012.
African Americans Prefer Toyota Over Other Brands
By Keith Griffin on April 27, 2011 - 10:32PM
Polk, a provider of automotive information, has determined that Toyota was the most popular brand among African American new car buyers in 2010. Ford, Chevrolet and Honda were all practically locked in a statistical tie for second place.
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