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Entries in General Motors (58)

Monday
Jun032013

GM: 'Cadillac Is Back'

Photo by Bill Pugliano/Getty Images(DETROIT) -- General Motors reported Monday that its iconic luxury car brand is enjoying a bit of a comeback. So far this year, Cadillac sales have increased 38 percent, the biggest such jump since 1976.

“Cadillac is back,”  Vice President of Global Cadillac Bob Ferguson said in a statement Monday morning.

GM says the ATS sports sedan has been instrumental in the sales surge. GM has been making new efforts to push its luxury brand.  For instance the car was recently featured on the cover of Bergdorf Goodman magazine.

“Cadillac is growing faster than it has in almost 40 years, the pickup rebound is in full swing and we’re seeing strong retail demand for our crossovers” said Kurt McNeil, GM’s vice president of U.S. sales operations, in a statement. “These are all powerful signs that the gradual recovery in the economy is becoming more broad-based. That’s great news for the auto industry and General Motors.”

Cadillac still has a ways to go though to reclaim its glory days. Sales in 1976 were 135,258 compared with 63,000 Cadillac sales so far this year. Overall, GM sold 2.59 million cars last year -- compared with 5 million in 1999.

For all its different brands combined, GM says May was its best sales month since September 2008.

Car sales, much like housing, have been showing a strong rebound in the otherwise slow economic recovery.

Copyright 2013 ABC News Radio

Monday
Jan142013

General Motors Unveils 2014 Corvette Stingray

© General Motors(DETROIT) -- General Motors unveiled its newly designed 2014 Corvette Stingray in Detroit on Sunday, on the eve of the North American International Auto Show.

The Corvette features a 6.2-liter small-block V-8 engine with 450 horsepower that takes the car from zero to 60 mph in under four seconds.

Potential buyers will see overwhelming changes in the car from what they last saw nine years ago: aluminum replaces steel, super-light rivets holds parts together, and the V-8 engine kicks down to four cylinders at highway speeds, saving fuel.

“There won’t be a Corvette if we don’t care about fuel economy,” Tadge Juechter, the car’s chief engineer, said Sunday night.

While the car features sweeping changes, the Corvette team paid homage to the first Stingray in 1963, with a sloping roof that tapers toward the bottom.  The car has a small Stingray badge on each side, complete with gills.  The car also has an updated edition of the Corvette’s crossed-flag logo.

The muscle car has been a favorite of adrenaline junkies for 60 years.  The Stingray will arrive in showrooms this fall.

General Motors has not listed a price on the 2014 model.

Copyright 2013 ABC News Radio

Thursday
Jan032013

US Auto Sales Reach Five-Year High

KAREN BLEIER/AFP/Getty Images(NEW YORK) -- U.S. auto manufacturers, as it turns out, did quite well in 2012.  Sales climbed 13.4 percent to 14.5 million cars and light trucks sold -- a five-year high.

It was a big year for Chrysler -- the company in 2012 achieved its best sales in five years. Chrysler's Dodge brand led the pack, with sales of the Journey crossover and Dart compact car helping the company to a 21-percent gain. In all, Chrysler sold 1.65 million vehicles last year.

Ford was up 4.7 percent in 2012, boosted by its best December sales in six years.

General Motors' sales, led by the Chevy Sonic small car, posted a 1.6-percent gain last year.  The company's December sales rose by 4.9 percent.

Copyright 2013 ABC News Radio

Tuesday
Oct092012

WATCH: Inside General Motors' Top Secret Extreme Vehicle Tests

ABC News(NEW YORK) -- General Motors is putting its vehicles through a series of extreme tests in a bid to make sure the cars -- and the company -- last.

The grueling tests come after bankruptcy and a government bailout left American taxpayers with ownership of a quarter of the company.  GM's stock price has slumped so the government has been forced to hold its shares rather than sell them at a loss.  The extreme testing is an attempt to strengthen the company's vehicles -- and its share price.

The newly restructured GM granted ABC's Nightline unprecedented access to its super secretive testing facility, called the Proving Grounds, in Milford, Mich., where it allowed cameras to film new models being crashed, flooded and pushed to the limit in severe environments.  Many of these tests had never been seen before by the public.

GM was once one of the biggest players in the industry, rolling out iconic Cadillacs, Chevrolets, Buicks and more.  But the company became bloated and during the recession, it fell into bankruptcy and needed a government bailout.

"This company is under tremendous pressure to deliver great products and great profitability -- and quickly -- and the pedal is to the metal, so to speak," said James Bell, head of consumer affairs for GM.

Bell was Nightline's tour guide for a wild ride through a series of breathtaking tests.  In one test, GM dumps a "lifetime of rain" on a vehicle -- nearly 7,000 gallons in eight minutes -- which tests how well the engine, electronics and other components stay dry.

In another, engineers drove a truck into a "dunk tank," then deliberately flooded it to see whether the truck's undercarriage would withstand dangerous corrosion.  For yet another, they drove a vehicle at an impressive clip straight into a flooded road to see what would happen if a driver ignored safety warnings and did just that.

"Sometimes floods happen in this country, so we know that these vehicles are going to withstand that," Bell said.  "We're doing above and beyond what the government requires."

For the first time ever, GM allowed cameras to film inside its climatic wind tunnel, capable of creating Arctic cold one day and desert heat the next all to see how vehicles do in extreme conditions.  In another first, General Motors allowed Nightline's correspondent to drive onto a test track to see if a Chevy truck could manage massive pot holes and ditches so deep, their size is a trade secret.

The now leaner, meaner, post-bailout GM believes its tests are working, so much so that this summer the company staked everything on an unprecendented money-back campaign.

"If you're not happy with your new Chevy, return it," the company's commercials boasted.

But despite its vigorous testing, General Motors just last month recalled over 40,000 vehicles over potential fuel leak concerns, according to a National Highway Traffic Safety Administration report.  

And Consumer Reports ranked GM 12 out of 13 car companies for reliability in its most recent list, noting that models designed by the "old GM" are dragging the automaker's score down.

Chris Perry, GM's vice president of U.S. marketing, said the company's process is improving.

"We believe in the products we're developing," he said.  "[And] we're saying 'hey, you know what, we recognize the ills of our past, but do yourself a favor and compare us again.'"

Copyright 2012 ABC News Radio

Tuesday
Oct022012

Auto Sales Hit Highest Level Since Early 2008

iStockphoto/Thinkstock(NEW YORK) -- Car and truck sales in the U.S. have hit their highest level since February of 2008, according to Autodata.
 
Of the Detroit three, Chrysler had strong sales, showing a 12-percent increase compared to a year ago. General Motors and Ford had more muted numbers -- GM sales were up 1.5 percent and Ford sales were down 0.1 percent.
 
Japanese carmakers posted strong year-over-year gains, in part because the comparison is to a time when they were suffering badly from the effects of the Japanese earthquake.
 
Smaller, more fuel efficient cars posted by far the strongest sales for the car companies.

Copyright 2012 ABC News Radio

Friday
Sep212012

GM Recalls More than 426,000 Cars in US

Bill Pugliano/Getty Images(DETROIT) -- General Motors has recalled 426,240 vehicles in the U.S. because of a potential gear issue.

Affected GM models are all equipped with a 4-speed automatic transmission, and include the 2007-2010 Saturn Aura, the 2008-2010 Chevy Malibu and the 2008-2010 Pontiac G6.

Tabs on the transmission shift cables in these vehicles may fracture and separate, causing the transmission gear position to not match the gear on the shifter. As a result, the cars could roll away when left in park, or not start.

GM will notify owners of the recalled vehicles and local dealers will fix them free of charge. Owners may contact General Motors at 1-800-521-7300.

Copyright 2012 ABC News Radio

Tuesday
Sep042012

Ford, GM, Chrysler Report Strong August Sales

KAREN BLEIER/AFP/Getty Images(WASHINGTON) -- Consumers may still be exercising caution when it comes to spending money on some things, but last month’s auto sales showed that new cars isn’t one of them.

August was a hot month for the auto industry: On Tuesday, Ford reported sales rose 13 percent last month; General Motors says sales were up 10 percent on solid gains for Buick, Cadillac and Chevrolet; Chrysler repeated its strong showing, with last month's sales up 14 percent on the year before; and Volkswagen is making a comeback with its biggest August for sales since 1973.

And while the auto industry is running well ahead of last year, separate reports out Tuesday showed U.S. manufacturing fell for a third straight month, while construction spending took a dive due to a steep drop in home improvement projects.

Copyright 2012 ABC News Radio

Friday
Jun222012

GM Recalls 400,000+ Chevy Cruzes for Fire Risk

General Motors (Model may differ from recall)(DETROIT) -- General Motors is recalling 413,418 Chevy Cruzes to fix a problem the company says could cause a fire in the vehicle’s engine.

The recall covers all Chevy Cruzes model years 2011 and 2012 built in Lordstown, Ohio, and sold in the U.S. and Canada. An additional “several hundred exported to Israel are affected” by the recall, the company said Friday.

“All Cruzes with manual and automatic transmissions built in the United States from September 2010 through May 2012 are included in the engine shield modification,” GM said in announcing the recall.

“Improper engine oil change procedures on these vehicles can result in the spilling or dripping of oil,” the company said. “If oil contacts hot engine or exhaust system surfaces, and the engine shield, the shield may ignite and burn, resulting in a possible engine compartment fire.”

GM said it is unaware of any crashes, injuries or fatalities in relation to the issue.

Customers with an affected vehicle can take it to a Chevy dealership service department for what the company says will be a free 30-minute fix.

Copyright 2012 ABC News Radio

Wednesday
May162012

General Motors to Add 600 New Jobs 

Bill Pugliano/Getty Images(DETROIT) -- General Motors is adding 600 new jobs at its Lansing Grand River assembly plant to assist with the development of the Cadillac ATS, the auto company announced Wednesday.

A GM official said it has already hired 460 of the new hires and has identified who will fill the balance of the new positions. The new hires will be utilized in the plant's second shift.

The auto company has used the Lansing Grand River plant exclusively for its manufacturing of Cadillacs. The ATS will be the auto maker's first small luxury vehicle and is expected to compete with the BMW 3 series and Mercedes Benz C class within that market space.

The company hires are expected to make an estimated $16 an hour.

Copyright 2012 ABC News Radio

Wednesday
May162012

GM Pulls Ads Off Facebook

Bill Pugliano/Getty Images(NEW YORK) -- Just about everyone is excited about Facebook's initial public offering scheduled for Friday that could value the social networking site at a whopping $105 billion.

Somehow, that doesn't impress the folks at General Motors, who pulled all its advertising off of Facebook.

While the $10 million GM spends annually on Facebook might seem like a drop in the bucket compared to what analysts say the company is worth, it could convince at least a few potential investors that Mark Zuckerberg's empire may be built on sand.

GM, which already spends $4 billion annually on worldwide advertising, says research found that its ads on Facebook just weren't effective.

The world's largest automaker says it will retain a presence on Facebook on the so-called fan pages.

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