GM extends money-back guarantee | detnews.com | The Detroit News
General Motors Co., trying to boost market share and vehicle sales after emerging from bankruptcy, has extended its money-back guarantee until Jan. 4 and will launch a second round of advertisements featuring hood-to-hood comparisons with competitors' vehicles. The comparison campaign, scheduled to start in December, is the second phase of a national advertising barrage initiated last month that offers buyers a 60-day, money-back guarantee. Under the campaign, GM has sold approximately 142,000 vehicles...

GM targets Asia, China with headquarters in Shanghai | detnews.com | The Detroit News
One of the hallmarks of the new General Motors Co. is swift decision-making, and the decision where to base the international operations was made fast. "It didn't take us more than about a minute to decide where it should be," said Nick Reilly, GM executive vice president and new head of international operations. He and CEO Fritz Henderson agreed on Shanghai during a phone call. Reilly was already stationed there as director of GM's Asia Pacific operations. But the choice primarily reflects the U.S...

GM's directors to review Opel sales deal in November | detnews.com | The Detroit News
General Motors Co.'s board of directors will review the latest developments in the protracted talks for the sale of its Adam Opel GmbH subsidiary on Nov. 3, the company said Friday. GM also announced it had boosted its holding in GM Daewoo Automotive & Technology to 70.1 percent after being the sole subscriber to a share offer for the South Korean carmaker. Both units, GM Daewoo and R�sselsheim, Germany-based Opel, face cash shortages because of the severe industry downturn that drove GM into bankruptcy...

Consulting firm charges GM $23M | detnews.com | The Detroit News
A consulting firm is charging General Motors' bankruptcy estate more than $23 million for three months' work leading up to and following one of the largest corporate bankruptcy filings in U.S. history. According to a quarterly report filed Thursday in U.S. Bankruptcy Court, crisis management firm AP Services LLC charged GM and its bankruptcy estate $23 million for about 90 days work and expenses that included airfare, hotels, meals, rental cars and other expenses. U.S. bankruptcy Court records give the...

Biden to discuss future of former GM plant in Del. | detnews.com | The Detroit News
WASHINGTON -- Vice President Joe Biden is expected to announce Tuesday that a California luxury automaker will build plug-in hybrid electric vehicles at a former General Motors plant in Delaware. The White House said Sunday that Biden, a former senator from Delaware, will make a major announcement about the future of the former GM plant in Wilmington, Del., along with Delaware Gov. Jack Markell and state officials. Fisker Automotive of Irvine, Calif., plans to revamp GM's Boxwood Road facility to build...

Old GM billed $23M in bankruptcy filing | detnews.com | The Detroit News
A consulting firm is charging General Motors' bankruptcy estate more than $23 million for three months' work leading up to and following one of the largest corporate bankruptcy filings in U.S. history. According to a quarterly report filed Thursday in U.S. Bankruptcy Court, crisis management firm AP Services LLC charged GM and its bankruptcy estate $23 million for about 90 days of work and expenses that included airfare, hotels, meals and rental cars. U.S. Bankruptcy Court records give the most detailed...

GM Works on Fix-Itself Cars
GM has posted interesting information at the official company’s blog about the new vehicle they are planning to make. The GM research and development manager, Alan Taub, has made a statement that the cars they are making “won’t crash and eventually will drive themselves”. The new vehicle will be ready for the 2015. It is going to combine “lane-keeping and stop-and-go adaptive control”. The body of the car will be built of shape-changing material, Nitinol: it is a new alloy of nickel and...

Bob Kruse Is Leaving GM
While Chevrolet was excited to have an unusually quick development of Volt and announced that the electric car will be ready several months earlier than they expected, the team did not notice that its leader decided to go different direction. Bob Kruse, General Motors executive director of global vehicle engineering for hybrids, electric vehicles and batteries, does not want to work for the big auto company and prefers to run his own business. Mr. Kruse has resigned and started E.V. Consulting LLC, his...

GM says top execs can fly business class | detnews.com | The Detroit News
-- General Motors Co. today released its luxury expense policy, saying its senior executives will be allowed to fly business class on all flights. It also said its employees should try to lease GM vehicles "whenever feasible," when they're traveling for business. In its eight-page policy posted on a company Web site today, GM said any events costing more than $10,000 must be approved by a member of its senior leadership group. While other employees must book economy flights, except for intercontinental...

Obama says GM survival essential to U.S. economy | detnews.com | The Detroit News
-- President Barack Obama visited a General Motors Co. automobile assembly plant Tuesday hard hit by the industry downturn and hailed economic recovery efforts that will put more than 1,000 workers here back on the job next month. In his first visit to an automobile plant since the November election and since General Motors Co. and Chrysler Group LLC emerged from bankruptcy court, Obama said "automakers are getting back in the game," and defended the government's $50 billion investment, and ownership...