General Motors

DETROIT (Fortune) -- If you want to understand how the old General Motors stumbled for 30 years until it collapsed into bankruptcy, consider the story of GoFast. GoFast was a program started in 2000 by Rick Wagoner, then the company's president (and later CEO), to untangle bureaucracy. The idea was simple: When negotiations over an issue reached an impasse, all the interested parties would be put together in one room until they agreed on a decision. Human resources was assigned to spread GoFast through the company. It trained GoFast coaches, arranged thousands of GoFast workshops, staged GoFast feedback sessions, and distributed GoFast coffee mugs. At one point, GM c…

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Go here to view photos of the recently revealed 2015 GMC Yukon Denali and GMC Yukon XL SLT. Go here to view photos of the recently revealed 2015 Chevrolet Tahoe and Suburban. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - In my opinion, the Chevy loses the beauty contest this go-round and the GMC takes the prize.

This year, the auto industry is seeing a wide range of battery investments from all players into various college startups from new denser versions of traditional Lithium-ion batteries to solid-state lithium batteries. GM and OneD Battery Sciences have signed a joint research development agreement focused on the potential use of OneD's silicon nanotechnology in GM's Ultium battery cells to drive increased energy density for long range and reduced cost. GM Ventures and Volta Energy Technologies participated in a joint Series C funding round, which raised $25 million for OneD funding. What is this joint research agreement about one would ask and the answer…

WILMINGTON, Del. -- General Motors shareholders blasted the company's chief executive for raking in huge salaries and bonuses while the automaker has struggled financially, but a proposal to give investors a say on executive pay was soundly defeated today. Shareholders also defeated a proposal under which at least 75 percent of future stock options and restricted stock awards for senior executives would be tied to the company's performance. John Lauve of Holly, Mich., who sponsored the proposal on performance pay, said GM's market share, stock price and credit rating have decreased in recent years, but management and directors have not been held accountable. "We eit…

NEW YORK - A person with knowledge of General Motors’ plans said Friday that the company is likely to announce more production cuts and possible plant closures as early as next week. The person did not want to be identified because plans are not finalized. GM has said previously it would make cuts in engine, transmission and metal stamping operations to correspond with four pickup truck and sport utility vehicle plant closures announced in June. Shares of GM hit their lowest price since 1949 in the opening minutes of trading on wall Street Friday as financial turmoil and a weakening global auto market heightened worries that the automaker may be unable to pull out of …

Jerry Flint has come up with some ideas which will, in his opinion, help to save General Motors. To read his column from Forbes.com, click here.

AP ArticleDETROIT – The new General Motors arose on Friday as lawyers finished an all-night paperwork session transferring the bulk of the automaker's assets to a company controlled by the U.S. government.Once the world's largest and most powerful automaker, new GM is now cleansed of massive debt and burdensome contracts that would have sunk it without federal loans.But the new GM also emerges amidst the worst sales slump in a quarter-century.The massive transfer of factories, money and intellectual property was completed about 6:30 a.m., according to a person briefed on the situation, clearing the way for a smaller and faster company better equipped to compete in the bru…

EV charging to some is a stressful thing, the ability to drive your EV, knowing you can quickly get a recharge and where should be a simple thing and yet range and charging hit the stress level for current and potential owners of BEV products. GM is tirelessly working to provide GM EV owners more confidence and convenience when it comes to EV charging. As stated by GM, the customers need a robust charging experience that makes the transition from ICE to EV seamless and helps to drive mass adoption per Travis Hester, GM's chief EV officer. Quote: “As we launch 30 EVs globally by the end of 2025, Ultium Charge 360 simplifies and improves the at-home charging exp…

It Finishes Among the Backbenchers in German Quality Survey. [source: MotorAuthority] German Cars Tops In Latest ADAC Breakdown Statistics Reliability is the main concern for most car buyers, and for obvious reason - for such a large investment, the car better start up and take you where you need to go. And while all brands have their issues, it turns out German cars fared best this time around, mirroring last year's results. The turnaround is something of an upset, since Japanese cars dominated most of the previous decade in reliability surveys. The Germans have definitely upped their game, however, with Audi at the leading edge. The…

http://news.moneycentral.msn.com/ticker/ar...8&Symbol=GM GM and Chrysler have been in talks on a possible merger, but according to sources any deal will have to wait until after the U.S. presidential elections on Nov 4 as the Bush administration ruled out providing government funding for it.

By TOM KRISHER and KIMBERLY S. JOHNSON, AP Auto Writers Tom Krisher And Kimberly S. Johnson, Ap Auto Writers – 11 mins ago Story Link DETROIT – General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker's unsecured debt in exchange for company stock. A person familiar with the deal said that it is probable GM will file for bankruptcy protection. The person asked not to be identified by name because discussions are still under way with the U.S. and Canadian governments and there is a small chance that the company could avoid a Chapter 11 filing. The company said in a statemen…

General Motors Co. boosted incentives on its pickup models this month after its biggest foes gained ground, intensifying a price war within the U.S. auto market’s most hotly contested segment. Discounts averaged about $6,996 for the Chevrolet Silverado and $5,315 for the GMC Sierra this month through Feb. 12, according to J.D. Power dealer data obtained by Bloomberg News. Incentives on GM’s models surged 56 percent and 82 percent, respectively, from a year earlier as Fiat Chrysler Automobiles NV and Ford Motor Co. dialed back their spending, according to the researcher... ...GM is being “especially aggressive" on incentives, Brian Johnson, a Barclays analyst, wr…

United States Senate Banking, Housing and Urban Affairs Committee Rick Wagoner General Motors Chairman and Chief Executive Officer Washington, D.C. • Good afternoon, Mr. Chairman. • I’m Rick Wagoner, Chairman and Chief Executive Officer of General Motors. Thank you for the opportunity to speak today about the future of America’s domestic auto industry. • I’d like to acknowledge for the Committee the constituents that I represent: • General Motors directly employs approximately 96,000 people in the United States. • We have 6,500 dealers across the country, who employ another 340,000. • Last year, we purchased more than $30 billion of goods and services …

Lifestyle pickup is what GMC calls the GMC Hummer EV, shortly afterwards the Chevrolet division announced their electric full-size pickup truck and now GMC will also have a full-size pick that will fit in with their traditional GMC Pickup truck line. Aldred according to the various news sources declined to confirm or deny if the truck will be named Sierra matching their current ICE full-size traditional pickup line. GM did confirm that the GMC Hummer is on track to start production and deliveries this fall about the same time Rivian starts shipping to customers as their electric assembly plant ramps up to full scale production which now will include a Chevrolet…

GM stated a few years back that they were all in on EVs and would prove that by bringing to market a number of EVs that would meet the needs of the retail market. Chevrolet started with the Silverado EV RST edition, delivering an estimated 440 miles of range on a full charge with 754 horsepower and 785 lb-ft of torque with a 0-60 mph time of less than 4.5 seconds, DC fast charging up to 350kW and a 10,000 pounds of trailering with 1,500 pounds of payload. The Silverado RST was a fully loaded truck that has many features and yet Chevrolet also stated that two other modules would also be available by the end of 2024, 4WT with a 450-mile range, 3W…