Don't expect General Motors Corp. to make any new announcements regarding Saab now or in the near future, according GM spokesman Chris Preuss. According to a report in Automotive News, Preuss added that no new Saab deals are imminent with any interested parties.Speculation and rumor-mongering have been rampant as Saab suitors come and go. In November, the deal with Koenigsegg Group AB fell through... more.

General Motors Corp. has clinched a deal to vend its Hummer truck to Sichuan Tengzhong Heavy Industrial Machinery, the two firms have confirmed. The Chinese privately owned company will acquire the truck brand which is considered GM's symbol of commitment to giant gas-guzzling Suburban Utility Vehicles. The truck brand, which has been part of GM since 1999, will apparently survive the compan... more.

A great fall in the world’s economy has hit every industry eventually. Among them automobile makers face a major hassle which yet can’t be resolved. As a part of it, world’s automobile tycoons General Motors and Ford Motor has decided to sell it’s most respected brand Hummer and Volvo inorder to boost their sales. While few media reports claimed, Mahindra & Mahindra Ltd will takeover th... more.

GM tells the Feds that the Volt and plug-ins aren't going to help with CAFEPosted Jul 10th 2008 5:56PM by Michael HarleyFiled under: Hybrids/Alternative, Government/LegalWith the Feds eager to keep raising the bar on CAFE standards, and apparently doing so based on proposed future technologies, General Motors Corp. bluntly told federal regulators not to count on the Chevrolet Volt, or other planne... more.

New York, 19 June 2008: General Motors Corp is postponing redesigning its SUVs and full-sized trucks as it shifts its product portfolio toward more fuel-efficient vehicles, the Wall Street Journal reported in its online edition today.GM spokesman, Mr.Tom Wilkinson told the newspaper the car maker was "looking at the whole product portfolio", and deciding how to supply the U.S market with more fuel... more.

Washington, 10 June 2008: General Motors Corp. has started a new phase of hiring, ahead of the departure of thousands of workers who accepted buyouts under a labor agreement last year, the company said Monday.About 19,000 hourly workers are scheduled to leave the Detroit automaker this year under early retirement and buyout offers, prompting a significant readjustment of workers in several plants.... more.

Wilmington, 04 June 2008: General Motors Corp said that its all-electric Chevrolet Volt was on track for a launch in 2010 after the company's board approved funding for production of the high-profile plug-in vehicle."The Chevy Volt is a go," GM Chief Executive, Mr.Rick Wagoner told reporters ahead of the company's annual meeting with shareholders in Wilmington, Delaware."What we're saying with thi... more.

Sao Paulo, 23 May 2008: The U.S. auto market may be flagging, but some customers in Brazil have to wait up to three months to get a car."If they want it, they have to wait," said Ricardo di Pace, a salesman at the Marcas Famosas Volkswagen dealer in Sao Paulo. "People have more money, and lots are using it to buy their first new cars."Click here to test drive the Hyundai VernaClick here to test dr... more.

Tokyo, 14 May 2008: Toyota Motor Corporation today said that it is considering building a new plant to make low-cost, small cars for emerging markets. The automaker, which has announced plans to open a small-car plant in India, is in the early stage of planning for a second factory in an emerging country, a company spokeswoman said on condition of anonymity, citing policy. Toyota has not decided d... more.

California, 13 February 2008: General Motors Corp will offer buyouts or early retirements to all 74,000 U.S hourly workers represented by the United Auto Workers (UAW), in a sweeping deal with the union intended to clear the way for GM to hire lower-cost replacements. The cost-saving agreement follows a program launched in January for about 5,200 workers at GM's service parts and operations facili... more.