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General Motors (Page 48)

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.

GM aligns with GAZ Group to build Chevy Aveos in Russia
By Frank Sherosky on February 2, 2011 - 10:01PM
General Motors Company (NYSE: GM) and GAZ Group, one of the largest automotive holding companies in Russia, have teamed up to build the new Chevrolet Aveo at GAZ’s facility in Nizhniy Novgorod, Russia.
Cadillac stays strong, helps GM lead the Big 3 in January sales
By Patrick Rall on February 2, 2011 - 11:58AM
Cadillac was the strongest automotive brand in the US for January 2011 with their nearly-50% growth compared to last January helping General Motors to be the strongest of the American automakers in terms of both percentage growth and units sold.
Camaro comfortably outsells Mustang, Challenger in January 2011
By Patrick Rall on February 1, 2011 - 5:08PM
January certainly isn’t the ideal sales month for the Big 3’s rear wheel drive muscle cars, but the Camaro managed to outsell the Ford Mustang and Dodge Challenger even though the high performance Chevy saw an 11% drop in sales compared to January last year.
Chevrolet Volt stomps Nissan Leaf in first month of 2011
By Patrick Rall on February 1, 2011 - 4:39PM
Sales numbers from around the industry for January 2011 are trickling in as the year of the electric car begins and in the first month, the 2011 Chevrolet Volt outsold the 2011 Nissan Leaf by a ratio of over 3.5 to 1.
GMC sends US military and their families to the NFL Pro Bowl
By Patrick Rall on February 1, 2011 - 3:38PM
The NFL Pro Bowl is held every year in beautiful Honolulu Hawaii and this year, GMC offered 400 tickets to the men and women of the US armed forces to bring their families out to enjoy the National Football Leagues annual all-star event.
General Motors to provide Texas-built SUVs for Super Bowl XLV
By Patrick Rall on February 1, 2011 - 12:45PM
General Motors’ GMC division is the official automotive sponsor of the NFL and for the super-active week leading up to Super Bowl XLV in the Dallas-Fort Worth area, General Motors will provide locally built GMC Yukon and Cadillac Escalade models as courtesy vehicles for league and team officials.
GM stock tepid after January sales rise 23-percent
By Frank Sherosky on February 1, 2011 - 11:32AM
General Motors dealers in the United States reported 178,896 total sales in January, a 23-percent increase from a year ago for the company’s four brands.
Volt increasing traffic onto Chevy dealer showroom floors
By Frank Sherosky on February 1, 2011 - 10:43AM
Even before Chevrolet Volts arrive at dealerships, showroom and web traffic has increased.
Global markets still lacking a global automotive ETF
By Frank Sherosky on January 31, 2011 - 8:27PM
Exchange Traded Funds (ETF) cover just about every industry and sector except the one that is growing by leaps and bounds in emerging markets - the global auto industry.
Production begins for the 2011 Camaro Convertible
By Patrick Rall on January 31, 2011 - 3:44PM
Today in General Motors’ Oshawa Assembly Plant in Canada, production of the new 2011 Chevrolet Camaro Convertible began and NASCAR legends Rick Hendrick and Dale Earnhardt Jr. were on hand for the momentous occasion.
GM stock following mood of Friday's general market selloff
By Frank Sherosky on January 31, 2011 - 10:54AM
Despite the rebound move just before the State of the Union Address, General Motors (NYSE: GM) is showing weakness from Friday's close, even after the first hour of Monday morning trading.
January New Car Sales Show Strong Growth
By Keith Griffin on January 31, 2011 - 7:51AM
Edmunds.com is predicting that January sales figures will reveal strong growth in new car sales compared to January 2010 with a strong indication that 2011 could see 12.5 million light vehicle sales.
Egypt unrest could topple its auto industry relations
By Frank Sherosky on January 30, 2011 - 12:59PM
As the Egyptian nation finds itself in the throes of civil unrest, the investors in their auto industry watch with great angst how Mubarak handles the situation.
Carl Benz invented automobile this day 125 years ago
By Frank Sherosky on January 29, 2011 - 12:15AM
It was 125 years ago today, Carl Benz taught the world to play, as he filed an application in Berlin for a patent on his three-wheeled motor car.
Electric Car Prophet Agassi: $8 Israel gas cause for change
By Frank Sherosky on January 27, 2011 - 10:47AM
CNBC’s Erin Burnett just gave a short interview with Shai Agassi in Davos at the World Economic Forum about his startup, Better Place, and his opinion of electric cars in Israel.
Two Michigan congressmen misguiding the hybrid EV incentive debate
By Frank Sherosky on January 27, 2011 - 12:06AM
Taking a self-appointed cue from President Obama's State of the Union Address, Rep. Sander Levin and Sen. Carl Levin of Michigan are obviously in favor of any incentive without reservation that supposedly supports Michigan jobs over more level-headed technologies.
Chuck Jordan honored with Designer Tribute Class at Concours d-Elegance
By Frank Sherosky on January 25, 2011 - 2:12PM
The Concours d’Elegance of America at St. John’s (formerly held at Meadow Brook Hall north of Detroit) has announced the creation of a new Designer Tribute Class, which in 2011 will be dedicated to the lifelong work of Charles M. “Chuck” Jordan
GM stock recovering from option expiration selloff
By Frank Sherosky on January 25, 2011 - 1:37PM
Despite the downward move into January option expiration last week, General motors (NYSE: GM) is showing intraday strength just before the State of the Union Address.
Automakers applaud joint date for EPA and California proposals
By Frank Sherosky on January 24, 2011 - 10:28PM
The U.S. Environmental Protection Agency announced today that California officials have scrapped their plans to issue state-specific standards in March.
Strong Global Sales for GM Could Face Challenges
By Keith Griffin on January 24, 2011 - 7:01AM
GM is out with the news that it sold 8.39 million vehicles globally in 2010 but the question remains if that momentum for strong global sales can be maintained with challenges in key markets like China where congestion and real estate prices continue to be an issue while India is facing strife over rising gas prices.
USDA loan guarantee in play for Coskata's commercial bio-refinery
By Frank Sherosky on January 23, 2011 - 9:19PM
The United States Department of Agriculture (USDA) announced its intention to provide a loan guarantee to a commercial biorefinery using Coskata Inc’s proprietary technology.
Detroit Auto Show
2011 Detroit Auto Show attendance exceeds expectations
By Frank Sherosky on January 22, 2011 - 8:20PM
The 2011 NAIAS in Detroit is in its final weekend for the general public, tracking toward final attendance between 725,000 and 740,000 visitors.
GE stock gaps bullish on rising profit report
By Frank Sherosky on January 21, 2011 - 12:20PM
General Electric (NYSE: GE), a major contributor to technology and financing that affects the auto industry, broke out to the upside on a surprise Q4 earnings report.
GM names Thomas G. Stephens as new Global Chief Technology Officer
By Frank Sherosky on January 20, 2011 - 2:16PM
A major element of GM CEO Akerson’s goal to making the company more customer driven and technology focused requires a new position of Chief Technology Officer. Thomas G. Stephens has been named to fill it.
GM appoints Mary Barra to lead Global Product Development
By Frank Sherosky on January 20, 2011 - 9:17AM
General motors (NYSE: GM) announced today that Mary Barra, 49, will lead the Global Product Development organization as GM senior vice president responsible for managing the company’s 11 brands around the world.
The Buick lineup of the 2011 Detroit Auto Show
By Patrick Rall on January 19, 2011 - 7:42PM
Buick headed into the 2011 Detroit Auto Show with a bright outlook for the new year, supported by strong sales throughout 2010 and the unveiling of the new c-segment luxury sedan – the Buick Verano.
The Buick Regal GS at the 2011 Detroit Auto Show
By Patrick Rall on January 19, 2011 - 7:38PM
The 2011 Buick Regal from the 2011 Detroit Auto Show
By Patrick Rall on January 19, 2011 - 7:37PM
The new Buick LaCrosse eAssist at the 2011 Detroit Auto Show
By Patrick Rall on January 19, 2011 - 7:36PM
GM stock selling off during option expiration week
By Frank Sherosky on January 19, 2011 - 12:44PM
Despite the IPO day opening above the 33 level and projections of $50 per share, the stock chart for General Motors (NYSE: GM) looks like it’s taking a breather this week.
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