General Motors is expanding an earlier recall of some 2011 model-year trucks and SUVs to fix a problem that could cause the vehicles’ rear axles to lock. The recall, originally announced in December, now covers 26,751 Cadillac, Chevrolet and GMC trucks and SUVs. The models affected are: Cadillac Escalade, Escalade ESV, Cadillac EXT, Chevrolet Avalanche, [...]
The sweeping overhaul and surprising recovery of the American auto industry is about to pay off handsomely for the blue-collar workers at Ford and General Motors. The two big Detroit carmakers will announce profit-sharing checks this month for their hourly workers, perhaps the largest in a decade, company officials and industry analysts say. While the [...]
Recharging smartphones, digital music players and other personal electronics cordlessly will be as easy as dropping them onto the console of a car under a deal being announced today by General Motors. But GM (GM) might have a bigger goal in sight. The deal with Powermat offers the possibility that someday soon electric cars could [...]
Many people who are in the market for a new car dread the negotiation process, so buying a car online is an attractive option. eBay Motors has sold more than 3 million vehicles, and now GM will make the practice more official. Today they’ll begin offering new Chevrolets, Buicks, Pontiacs, and GMCs on eBay in a [...]
As part of GM’s turnaround plan, CEO Fritz Henderson said they would be focusing more on their customers- so GM is working on striking up a deal with eBay, which would allow customers to bid and purchase new GM vehicles from the comfort of their own homes. No agreement has been made, and but the VP [...]
GM emerged from bankruptcy after lawyers spent all night signing a two foot high stack of agreements outlining a massive transfer of factories, money and intellectual property. Today GM’s CEO will announce a strategy to make them profitable again- including plans to cut another 4,000 white-collar jobs, including 450 top executives.
The bankruptcy judge gave GM the go ahead to sell the bulk of its assets to a new company, potentially clearing the way for GM to quickly emerge from bankruptcy protection. Attorneys for some of GM’s bondholders, unions, consumer groups and individuals with lawsuits against the company argued for its rejection, saying that their needs [...]
Spending money wisely, from home repair to shopping
