| US treasury to sell remaining shares in GM |
May 6th, 2013 |
WASHINGTON - The U.S. Department of the Treasury Monday announced plan to sell its approximately 241.7 million remaining shares of General Motors (GM) common stock, acquired during the 2009 government bailout of the auto sector, with the initiation of a second pre-defined written trading plan. "TARP's emergency support to GM during the financial crisis was necessary to prevent the collapse of ...
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| GM recalls 38197 cars for battery control defect |
May 6th, 2013 |
DETROIT -- General Motors Co. is recalling 38,197 Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans in the U.S. because a defective battery control module could stall the engine or cause a fire.Vehicles from the 2012 and 2013 model years equipped with GM's eAssist hybrid system are affected. Vehicles built after December 2012 are not part of the recall.GM says some vehicles may ...
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| In Auto Market China Steps On The Gas |
May 6th, 2013 |
China's auto market leads the world and is getting bigger. Infographics by Info Graphic World. Click to enlarge. China's auto market is far and away the biggest in the world. It's not just Buicks or Chinese made models like the Chery QQ entry level that are appearing on Chinese streets these days. It's also the luxury names as well. Within seven years, China will outstrip ...
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| Ford India not alone among automotive giants in creating offensive ads |
May 6th, 2013 |
Indeed, the really offensive version of the print ad sees Silvio Berlusconi, the notoriously lecherous ex-prime minister of Italy, leering at three scantily clad "ladies" in the Ford Figo's trunk and that rendition has garnered much less public offence. Submitted ...
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| Fitch U.S. Auto Lender Asset Quality to Weaken Moving into 14 |
May 6th, 2013 |
Higher Premiums if Terror Insurance Act Not Renewed Failure to renew the Terrorism Risk Insurance Act (TRIA) could induce commercial insurers to retreat from larger metropolitan areas, reducing availability of coverage and raising premium rates, according to Fitch Ratings. If Congress fails to extend TRIA legislation, the impact would be felt in industries such as banking, commercial real ...
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| Recall Alert 38197 Chevrolet Buick Hybrids |
May 6th, 2013 |
GM is recalling 38,197 model-year 2012-13 Chevrolet and Buick eAssist light hybrid cars due to a problem with circuit boards in the trunk that could cause a fire, according to the Los Angeles Times. Affected vehicles ...
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| 2014 Chevrolet Impala First drive |
May 6th, 2013 |
The 2014 Chevrolet Impala is all-new for the first time since 2000, and it finally sheds a platform that traces back to the 1980s. It shares its architecture with the Cadillac XTS and Buick LaCrosse, but features a distinctive design and unique chassis tuning. A good friend of mine who works in government has owned two company cars in recent years, ...
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| Gary Peters urges auto suppliers to support vehicle technology research bill |
May 6th, 2013 |
Detroit - U.S. Rep. Gary Peters on Monday continued his push for funding of vehicle research with a bill he calls the Advanced Vehicle Technology Act of 2013.Peters, speaking to auto suppliers at the Detroit office of the Clark Hill law firm, urged those suppliers to reach out to Congress members in support of the bill, which would promote private and public partnerships to improve the fuel ...
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| GMs Opel creates new arm to offer vehicle financing in Europe |
May 6th, 2013 |
General Motors Co.'s Opel brand said Monday that it created a new $1.7 billion European captive finance arm last month to offer "more attractive" financing deals for Opel and Vauxhall customers in a number of European countries."The creation of Opel Financial Services in early April was a very important step for our brand. It will bring additional momentum to our product ...
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| GM recalls 43000 hybrid vehicles for fire risks |
May 6th, 2013 |
Washington - General Motors Co. is recalling nearly 43,000 newer vehicles sold the United States for fire risks that are equipped with the company's eAssist mild hybrid system, the automaker said Monday.GM said the recall was prompted by cases of circuit boards shorting in the Generator Control Module, or GCM, of vehicles with eAssist. The recall covers the 2012-2013 Buick LaCrosse, Regal ...
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