news

General Motors posted a $7.6 billion net income for 2011 today, which is a 61% increase compared to 2010's $4.7 Billion income.  “In our first full year as a public company, we grew the top and bottom lines, advanced our global ...

The General Motors Design center is celebrating its 85 anniversary. It opened on June 23, 1927, when GM's Executive Committee agreed to open a design center to “study the question of art and color combinations in General Motors products....

In order to accelerate the development of electrically driven vehicles General Motors is doubling the size of the largest and most technologically advanced automotive battery lab in the U.S, in an investment of 8 million dollars. By enlarging the Gl...

Before it gets the green light for production, GM has to make sure the buyers are there.

General Motors is in the early planning stages for a mid-size EV sedan with a 200-mile range, but the car is still far from getting a green light. Doug Parks, GM’s global product development chief, said that the car would cost around $30,000...

General Motors is doubling the size of its design center in Incheon, Korea, that will add new modeling studios, display spaces and more creative areas.  The expansion will be finished in 2013 and employ 200 designers. The Incheon, Korea, ...

Tesla has been growing gradually and plans to grow in Europe and China

Tesla has built itself up from a boutique sports car maker to an automaker garnering accolades all over the world and rapidly growing sales. Rumors are spreading that General Motors may be eyeing Tesla for a possible buyout. Analyst Yra Harris...

Loan to GM Canada a concern, not actual law suit

A lawsuit against old GM could cause the modern incarnation of the automaker to lose a $918 million loan.  The problem stems from the bailout of old GM in 2009. The General Motors Corporation's best parts were sold to the new com...

General Motors has filed a patent to make targeted billboards a reality. The system monitors the vehicles navigation system for programmed points of interest and where the driver wants to go.  If the vehicle is going to drive past a point...

Pledges €4 billion to the company

It is rare they we get any good news out of Opel in recent months, but General Motors has shown that it is still behind its ailing European branch by financing the company with €4 billion through 2016.  "GM needs a strong presen...

May close Bochum factory early if deal is not reached

GM says that if it cannot make a deal with Opel's German labor union by the end of February, it will close its Bochum factory on January 1, 2015, and end Zafira production a year early. The Bochum factory was originally scheduled to close in 2...