Latest news on ‘Automotive’
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Electric car sales slow to start
CBC News – This was the year General Motors and Nissan made good on their promise to bring mass-produced electric cars to the market. But don’t count on seeing one [...]
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Carmakers Challenge Rule Allowing 15% Ethanol in Gas
Bloomberg – U.S. carmakers and engine manufacturers asked an appeals court to force the U.S. Environmental Protection Agency to reconsider its October decision allowing the sale of gasoline with 15 [...]
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GM, Ford U.S. Sales Rise as Demand for SUVs Increase
Bloomberg – General Motors Co., Ford Motor Co. and Chrysler Group LLC all reported improved sales in November as demand for pickups and sport-utility vehicles pushed the industry toward matching [...]
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GM says to cut $11B in debt, pension obligations
DETROIT (AP) – General Motors Co. says it will cut its debt and pension obligations by $11 billion.
The announcement comes as GM prepares for an initial public sale of company [...] -
GM chairman predicts $20 to $25 share price in IPO
DETROIT (AP) — When General Motors Co. sells stock to the public, it will be priced from $20 to $25 per share, Chairman Ed Whitacre predicted Wednesday.
Whitacre told reporters at [...] -
Chrysler to Launch Revamped Models
ORLANDO, Fla.—Chrysler Group LLC plans to launch several redesigned models in the final months of 2010, dealers said, in a bid to jump-start sales growth and reconnect with American consumers [...]
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GM reports 7 percent sales dip compared with July
DETROIT (AP) — General Motors Co.’s August sales dipped 7 percent compared with July as fears about the shaky economy discouraged customers from buying new cars and trucks.
U.S. auto sales [...] -
Toyota recalls Corolla, Matrix models due to an engine defect
LA Times – Just days after U.S. auto safety regulators stepped up a probe into the risk that more than 1 million Toyota Corolla and Matrix vehicles could stall because [...]
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GM Files for Landmark IPO to Repay Bailout
NEW YORK/DETROIT (Reuters) – General Motors Co filed for an initial public offering of stock on Wednesday, clearing a key hurdle toward repaying taxpayers for a controversial bailout just over [...]
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GM recalls 240,000 Traverses, Enclaves, Acadias, Outlooks
DETROIT — General Motors is recalling more than 243,000 large crossovers because of potential damage to the second-row seat belts that can cause the belt to feel properly latched when [...]
