GM

GM believes future of transportation is electric, builds 1st electric car plant

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.

GM recalls the 2011 Chevrolet Cruze for steering, trans issues

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

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 future of hydrogen-fueled vehicles not burning so bright

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.

Spyker may join forces with Chinese to save Saab, GM approves Russian investor

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.

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