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Despite agreement with AmeriCredit, GM said to keep deal with Ally
Filed under: GM , Earnings/Financials General Motors may be in the process of acquiring AmeriCredit as a step toward securing a captive in-house financing operation, but the company says it will continue to nurture its relationship with Ally. As you may recall, Ally ( formerly GMAC ) has financed dealer...
BREAKING: GM to buy Americredit Corp for $3.5B
Filed under: GM , Earnings/Financials General Motors has just announced its intent to acquire AmeriCredit Corp. According to the automaker, the move should give dealers an added finance option when it comes to putting car shoppers into a new vehicle. Since GM and GMAC parted ways back in 2006, buyers...
Are E85 Vehicles Destined for Extinction?
In 1988, the United States government began allowing carmakers to use E85 flex-fuel vehicles—which run on a blend of 85 percent ethanol and 15 percent gasoline—to help meet Corporate Average Fuel Economy standards. For each mile-per-gallon a flex-fuel equipped vehicle is theoretically capable of...
GM discovers flaw with HD pickup hill-hold assist, fast-tracks fix
Filed under: Truck , Safety , Technology , Work , Chevrolet , GM , GMC Last week, PickupTrucks.com held one of its periodic load lugger shootouts where it brings together the heavy haulers from General Motors , Ford and Chrysler to see which pickup truck is the top dog. After running acceleration tests...
Radical Retro-Futurism From Romania
From designer Andrus Ciprian comes the Honda Pegasus, a curious combination of retro design and an anachronistic powerplant. Ciprian, from Romania, might be the only CGI-jockey we’ve seen whose portfolio includes a Hummer dune buggy , a pony car Dacia and a shapely Mazda . His eclectic taste would...
First Look: Chevrolet Volt in Red
DETROIT, Michigan — General Motors says it will guarantee Chevrolet Volt batteries for 8 years and 100,000 miles, a move that could go a long way toward bolstering consumer confidence in the range-extended EV. Yeah, yeah, that’s all well and good. But we got to see the range-extended EVs...
Smithsonian Celebrates Seatbelts and Safety
The three-point safety belt, a padded dashboard and a couple of real dummies are taking their rightful place alongside Fonzie’s jacket, the Apollo 11 command module and other Very Important Things at the Smithsonian Institute. The automotive safety systems are among the things automakers and regulators...
UAW picketing at Toyota dealers to start in CA and NY says King
Filed under: Plants/Manufacturing , Toyota , UAW/Unions The recently-crowned king of the United Auto Workers, President Bob King, has a monumental task before him: reverse the decades-long decline in UAW membership. To do that the UAW will likely need to make inroads at transplant automaker plants,...
Automotive ‘Damsels of Design’ Moving to Driver’s Seat
Harley Earl was the first automotive designer to hire women. But it wasn’t necessarily equality Earl sought back in 1950. If that were the case, General Motors probably wouldn’t have called them the “Damsels of Design.” No, the legendary designer hired women because he felt they...
Nissan’s New Hybrid Doubles Mileage, Part of Broad Green Strategy
The Nissan Fuga Hybrid, marketed in the United States as the Infiniti M35 Hybrid, is due late this year. The phrase “Zero Emission” is Nissan’s clarion call for a new era of electric cars, the company’s long-term strategy for sustainable mobility. But Nissan today announced a full range of mid-term...
Spyker Cars pays off GM for Saab purchase ahead of schedule
Spyker C8 Aileron Spyder at Galpin Spyker - Click above for high-res image gallery Spyker has announced that the Dutch supercar manufacturer has completely paid General Motors for the purchase of Saab . The purchase was split into two payments, the last of which was due on July 15, but Spyker opted...
2011 Dodge Challenger priced on NADA site… big price increases on the way?
Filed under: Car Buying , Coupe , Performance , Chrysler , Dodge Chrysler hasn’t officially let loose with 2011 Dodge Challenger pricing, but you can build the car at the NADA Guide site and there are prices attached to the various options. It appears to be legit - even though the pictured coupe...
Rendered Speculation: Vintage hot rod reimagined with CTS-V power
Filed under: Concept Cars , Classics , Coupe , Performance , Cadillac , GM , Specialty Bo Zolland’s Cadillac-powered 33-34 hot rod - Click above for high-res image gallery The last time we checked in with Bo Zolland he was rendering a Camaro to do Le Mans duty. Half a year later, he’s stayed...
Report: GM gives $6.66M in stock to 14 top execs
Filed under: Earnings/Financials Soon-to-depart pay czar Kenneth Feinberg limited the cash remuneration available to General Motors executives, making stock options a go-to supplement for company leaders. It was reported last month that GM would hand out enough shares to top brass to create a $13 million...
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