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  1. General Motors' troubled brand, Opel announced some major changes this past week. For starters, the company announced that it would be pulling out of China in January of 2015. The German marque said poor sales was the major reason as to the brand's departure. In 2013, Opel only sold 4,365 vehicles through twenty-two dealers. That pales in comparison to Buick which moved 810,000 vehicles through 650 dealers. "This is a long overdue decision. It would have cost hundreds of millions of euros to raise awareness of the Opel brand and to expand the distribution network. Buick, however, is one of th
  2. By William Maley Staff Writer - CheersandGears.com April 11, 2013 Yesterday, General Motors announced a $5.2 billion investment for Opel between now and 2016. This is part of a larger effort to nurture Opel back into health. “As a global automotive company, GM needs a strong presence in Europe – both in design and development as in manufacturing and sales. Opel is key to our success and enjoys the full support of its parent company,” said General Motors CEO Dan Akerson in a statement. This investment will will help support new models and help the brand back on track for its 10-year plan,
  3. By William Maley Staff Writer - CheersandGears.com April 11, 2013 Yesterday, General Motors announced a $5.2 billion investment for Opel between now and 2016. This is part of a larger effort to nurture Opel back into health. “As a global automotive company, GM needs a strong presence in Europe – both in design and development as in manufacturing and sales. Opel is key to our success and enjoys the full support of its parent company,” said General Motors CEO Dan Akerson in a statement. This investment will will help support new models and help the brand back on track for its 10-year plan,
  4. By William Maley Staff Writer - CheersandGears.com January 21, 2013 Last month, Fisker founder and Chairman Henrik Fisker said the company was looking for "potential strategic partners". The search has led the company to China. According to Reuters, Fisker is in talks with certain Chinese automakers. Fisker's focus on China is due to the Chinese government's backing of local manufacturers in their efforts to acquire "green car" technology from abroad, as the government is trying to ramp up demand for electric cars and plug-in hybrids before the end of the decade. Sources tell Reuters tha
  5. By William Maley Staff Writer - CheersandGears.com January 21, 2013 Last month, Fisker founder and Chairman Henrik Fisker said the company was looking for "potential strategic partners". The search has led the company to China. According to Reuters, Fisker is in talks with certain Chinese automakers. Fisker's focus on China is due to the Chinese government's backing of local manufacturers in their efforts to acquire "green car" technology from abroad, as the government is trying to ramp up demand for electric cars and plug-in hybrids before the end of the decade. Sources tell Reuters tha
  6. General Motors Announces $275 Million Investment For Truck Plant William Maley - Editor/Reporter - CheersandGears.com October 27, 2011 General Motors announced yesterday they will invest $275 million for their Fort Wayne, Indiana to build the next generation Chevrolet Silverado and GMC Sierra trucks. GM says the investment will create or retain 150 jobs on top of the 3,400 workers who currently build trucks at the plant. “This investment will allow us to continue building award-winning pickups that offer better fuel efficiency than ever before without sacrificing fea

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