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He pitches it as an experiment to develop performance hybrid tech

Electric car technology is rapdily becoming common in sports cars. The McLaren P1, Ferrari LaFerrari and Porsche 918 all use electric motors to boost power, and even the Lamborghini Aventador uses an ultra capacitor based system its start/stop sys...

Earnings up by $200 million

General Motors' worldwide financial results for the second quarter of 2013 contains a mix good news and bad news. The good news is that revenue and earnings before interest and taxes were both up over the second quarter of 2012. The bad news i...

The cars can not be sold there at a profit

General Motors has announced that it is pulling Opel out of the Australian market effective immediately despite it being on sale there for barely a year. Opel sold 541 cars in Australia in 2012 and sold 989 cars there in the first six months. It l...

It reduced VEBA share in GM roughly by half.

General Motors will purchase 120 million shares of its own stock from VEBA, the United Auto Workers Retiree Medical Benefits Trust for $3.2 billion, $27 per share on September 30. To raise money to pay for the shares, GM will offer bonds in the co...

General Motors took one of its new ZL1 Camaros to the Nuerburgring and put in a stunner of a lap. The 7:41.27 lap time around the 20.8km version of the course puts the car in the same range as a 2010 Porsche 911 Turbo S. The lap was driven by Cama...

General Motors is the number one automaker in the world in regards to sales again, and Toyota dropped to the number three position behind Volkswagen. However, not everything is rosy for GM. Toyota's drop in sales was mostly due to the earthqua...

Trucks will get their full introduction at NAIAS

GM has revealed the GMC Sierra and Chevrolet Silverado pickup truck twins. Both trucks share a platform, engines, suspension, brakes and some production locations. All that separates them is the exterior and interior styling. The Sierra is meant t...

All workers will remain through 2014

General Motors, Punch Metals International and ZF transmissions have signed an agreement that will allow GM to sell its transmission factory in Strasbourg, France, to Punch Metals as long as all of the workers are retained through at least 2014. Z...

Sales were up 4% worldwide and down only 0.4% in Europe

General Motors held its title as one of the world’s largest automakers with 9,714,652 cars sold worldwide in 2013, up 4% over 2012. It set a new sales record in China with sales up 11% to 3,160,374 cars. GM shifted 3,234,275 cars in Nort...

General Motors (GM) wants to become the first major U.S. automaker to take charge of the design and the manufacture of its electric motors, a core technology for hybrids and electric vehicles. The US brand will invest $246 million to expand its in...