General Motors in India has released the new Chevrolet Cruze with two different trim levels, the LT and the LTZ. There will be six colours available, along with the knowledge that the Cruze has achieved a five-speed racing in the China New Car Assessment Program. “Chevrolet has become a driving force in India’s vehicle market,” said Karl Slym,...

Despite the failure between Penske and General Motors regarding the Saturn brand, things seem to be going pretty well with the Opel-GM-Magna sale. It was said that the final contracts should be signed next week, where the deal could be closed by as early as the November month. Sources have said that the “signing is planned soon,” Alongside the signing...

General Motors has confirmed that they will launch 25 models by the end of 2011. Fritz Henderson, the current GM CEO revealed the plans for what the company has in store over the next two or so years. The Chevrolet brand was said to release 10 new models, which includes the Volt, while the Buick and GMC brands will also add 10 new models. Cadillac will then release...

General Motors will soon exit bankruptcy as they will sell most of their assets this week. The new company is backed by the US Treasury Department where it is now run by Fritz Henderson. The company wrote the following piece on their blog, “We expect the sale to close immediately after the appeal process is exhausted later this week, and for the new GM to...

The bankruptcy court has approved the sale of the old GM assets so that the new company could open its doors and start its manufacturing process. General Motors has commented on the process, and they will now be called the General Motors Company. The GM Company will receive the strongest operations while the old GM will be renamed to Motors Liquidation Company....

Reports have said that General Motors have filed a document with the courts in order to try and get the ‘new’ Chrysler to pay back their pre-bankruptcy debt of $531,275. Chrysler had said that they will only pay about a third of this total which was used for creating new Two-Mode hybrid powertrains. Both the General and Chrysler have been through...

General Motors has said that their dealership restructuring process has been completed, and about 30 percent of the dealerships have refused to sign and documents which state they should shutdown or continue with the emerge from bankruptcy. Mar LaNeve, GM’s vice president of sales, said that those that did not sign the documents will fall under the ‘old...

Koenigsegg have said that they feel pretty confident about their ability to bring the Saab brand from General Motors back into profit. The luxury sports car maker from Sweden said that they will try to take over the Saab brand with help coming from various investors interested in the deal. Baard Eker, the Koenigsegg co-owner, said that there is a great chance...

General Motors are planning to terminate a few Cadillac dealerships by the end of October 2010. The General will reduce their dealer network to 3,500 dealerships around this time and this news comes as a shock as the New GM will feature Cadillac as one of the main brands. LaNeve said that General Motors would like to remove Cadillac stores in order for sales...

The new General Motors in the US will consist of Chevrolet, Cadillac, GMC and Buick. It was said that the Holden brand will not be sold. “I can’t say forever because some day when I’m not here, and more perhaps when someone may have that idea, but we have not been approached, nor have we been offered, nor are we pursuing any sale of Holden,” said Mark...