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Cadillac Confirms New ATS-V Debut in LA

First V-Series model to go V-6.

by on Oct.31, 2014

Cadillac will up the performance quotient of the ATS sedan and coupe models with a new V-Series.

True, it might be lifting another maker’s tagline, but Cadillac will be going “vroom, vroom,” when it rolls into the Los Angeles Auto Show a couple weeks from now.

General Motors’ once-dominant luxury brand is planning a massive expansion of its product line-up over the next few years, and it will start bottom to top with the roll-out of the all-new ATS-V, the maker has confirmed. It’s the first high-performance version of the compact sedan and coupe models, and the first V-Series addition in some years.

Power Up!

The debut will be equally significant if, as expected, the top-secret powertrain that will be used in the new ATS-V proves to be a twin-turbo V-6. That would mark the first time Caddy’s V-Series line shifts away from the classic V-8s that it has traditionally relied on.

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No Room for Complacency, Says GM CEO Barra

Maker aiming to “annihilate the opposition,” she tells Detroit leaders.

by on Oct.28, 2014

GM intends to win, proclaims CEO Barra, during a speech to Detroit business leaders.

General Motors is no longer going to act a polite competitor, GM chief executive officer Mary Barra said during an appearance before the Detroit Economic Club.

“I want to win,” Barra said. Not get by. Not hold on. Not be competitive. But win.

“I want GM to excel. To build relationships with customers for life. To be the most valued automotive company in the world,” Barra added. “If we aren’t here to win, to lead, to excel, why are we here?”

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In her speech to the leaders of the Detroit business community, Barra made it clear she wasn’t chosen to be CEO just to put a friendly face on the once-bankrupt automaker. Already having walked through fire as she has had to steer GM through an embarrassing and costly recall crisis, Barra has shaken up the maker and is clearly planning more major changes.

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Michigan to Become GM’s Global Electric Vehicle Center

CEO Barra to offer up some details of next Chevy Volt project.

by on Oct.28, 2014

GM CEO Mary Barra will meet with Detroit's business leaders and outline plans for Michigan.

(This story has been updated with additional comments by GM CEO Mary Barra.)

While GM isn’t expected to reveal its next-generation Chevrolet Volt plug-in hybrid until next January, the automaker’s CEO Mary Barra said today.

Among other things, the maker plans to invest $300 million in its home state of Michigan by year-end, a chunk of that cash going to set up the Warren Transmission Plant to produce the next-gen Volt’s plug-in drivetrain. Virtually all key powertrain components, from Volt’s batteries to its gasoline “range-extender” engine, will be built in Michigan going forward.

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“Our investments in the Chevy Volt and Michigan signify our commitment to lead the industry in technology and innovation,” CEO Barra told the Detroit Economic Club.

The remake of the Chevrolet Volt is scheduled to debut at the 2015 North American International Auto Show in Detroit, marking the first major update to the so-called extended-range electric vehicle since it went on sale late in 2009.

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General Motors Ignition Switch Death Count Rises to 30

Feinberg approves two more claims for benefits.

by on Oct.27, 2014

Kenneth Feinberg, administrator fo GM's victims compensation fund, approved two more claims for death benefits.

The number of deaths attributable to General Motors’ faulty ignition switch in 2.6 million recalled vehicles has risen to 30. The count has steadily increased since Aug. 1, when the maker acknowledged 13 deaths.

The automaker established a victims’ fund, which is administered by Kenneth Feinberg, to compensate victims and their families for deaths and serious injuries. Feinberg began accepting claims on Aug. 1. In addition to the deaths, Feinberg approved the claims for 31 injuries.

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Four of the injuries are “Category One,” which includes physical Injuries resulting in quadriplegia, paraplegia, double amputation, permanent brain damage or pervasive burns. (more…)

GM Earnings Beat Expectations

Recall crisis shows little impact.

by on Oct.23, 2014

GM CEO Mary Barra is offering a positive assessment of the maker's third-quarter earnings.

Battered by recalls and facing challenges in markets as diverse as China, Russia and South America, General Motors nonetheless managed to beat expectations with its third-quarter earnings report, though revenues fell short.

The maker delivered net income of $1.4 billion, or 81 cents a share after factoring in one-time special items that had a $300 million, or 16-cent per share, impact on the bottom line. Factoring in those one-time costs, GM would have earned 97 cents a share, up slightly from 96 cents a year earlier – and two cents above the consensus estimate of industry analysts, according to Thomson Reuters.

Keeping Them Accountable!

“Strong global sales and growing margins in North America and China helped GM deliver very solid third quarter results,” GM CEO Mary Barra said in a prepared statement accompanying the July to September earnings results. “Despite industry challenges in Russia and South America, our earnings were on plan as we continue to execute our customer-focused strategy.”

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GM Goes Solar

Installing major solar array at Lordstown plant.

by on Oct.22, 2014

GM continues adding solar arrays at plants around the world. The maker announced it's adding an array at its Lordstown, Ohio, facility.

General Motors is aiming to bolster its green credentials by installing a huge solar array that will be visible from the well-traveled Ohio Turnpike outside the company’s big assembly plant in Lordstown, Ohio.

GM’s new 2.2 megawatt, ground-mounted solar array will be complete by the end of the year. When the last of more than 8,500 solar panels are in place, it will be GM’s largest solar installation in the Western Hemisphere, the maker claims – but not necessarily the largest sun-power system, producing just a fraction of the output of the solar park in use at Volkswagen’s Tennessee plant.

Get Charged Up!

GM has been adding solar arrays and waste-burning power generators at its assembly plants in the U.S. as part of a concerted effort to reduce costs and clean up the environment by eliminating waste and limiting the use of carbon-based fuel such as oil and coal. (more…)

China Plays Critical Role in GM’s Intelligent Vehicle Development

Maker plans to leverage expertise to produce smart cars.

by on Oct.20, 2014

General Motors is planning to further develop its autonomous vehicle technology in China, in particular its ENVI-style vehicles.

General Motors plans to bring its latest technology to China and use its technical resources in there to develop vehicles that can fit into the country’s growing megacities that continue to expand, GM top executive in China said this week.

“China has indeed has been a very rewarding market for GM we’ve benefited from the tremendous growth,” noted Matt Tsien, president of GM China. China plays very big role in GM strategic considerations and China’s voice is a very strong voice within GM, Tsien added during a discussion at the annual Global Automotive Forum in Wuhan, China.

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China became the world’s largest single automotive market in 2009 and the size of country’s car fleet has doubled in the last five years and is expected to double again by 2020. (more…)

GM Hit with 2nd $10 Bil Lawsuit

Suit claims losses on 27 million vehicles.

by on Oct.17, 2014

The lawsuit claims a 2010 Chevrolet Camaro has lost $2,000 in value due to the recall crisis.

General Motors has been hit with another lawsuit that could seek as much as $10 billion in compensation for owners who have allegedly seen the value of their vehicles fall due to the maker’s ongoing recall crisis.

Filed in Manhattan federal court, the lawsuit was prepared by the same, Seattle-based firm that brought another $10 billion claim against GM earlier this year, Hagens Berman Sobol Shapiro LLP.

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“The value of all GM-branded vehicles has diminished as a result of the widespread publication of those defects and New GM’s corporate culture of ignoring and concealing safety defects,” the lawsuit states, referring to the post-bankruptcy carmaker as “New GM.”

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Chevrolet Previews its SEMA Cars

An emphasis on accessories.

by on Oct.16, 2014

The SS Sport concept gives the V-8-powered sports sedan a makeover that screams high performance.

With the ghosts and goblins and candy displays going up at Costco that obviously means one thing: the annual SEMA Show is just around the corner. And another clear indication is the flood of previews landing in our e-mailboxes in recent days.

One of the lengthiest missives comes from Chevrolet – along with a passel of pics revealing some of the performance-oriented concepts the bowtie brand will squeeze onto its stand at the Las Vegas Convention Center.

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“These concepts suggest possibilities of how to amplify Chevrolet’s heritage of performance and fun-to-drive spirit to make them even more personal,” Paul Edwards, vice president of Chevrolet Marketing. (more…)

GM Slides to 3rd as VW Nabs 2nd Spot in Global Sales

Toyota firmly in the lead.

by on Oct.16, 2014

Vehicles like the new Golf "family" have helped Volkswagen grow sales worldwide.

For three-quarters of a century the world’s best-selling carmaker, General Motors has slipped another notch down the automotive ladder, Volkswagen AG pushing past to become number two in the industry pecking order.

With the first nine months of the year behind it, the German maker sold 7.4 million passenger vehicles compared to 7.37 million for GM. Though it hasn’t reported its numbers for the first three quarters yet, Japanese giant Toyota Motor Co. is expected to maintain its hold on the industry’s number one spot.

Stay in the Lead!

Industry analysts say the real race, going forward, is likely to be between Toyota and VW, the German automaker laying out an aggressive expansion program it hopes will let it become king-of-the-automotive-hill before the end of the decade.

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