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The American automaker, General Motors, does not plan buying lithium-ion batteries for electric cars from other manufacturers, the company has announced that there will be a plant built by them specifically for this purpose.
The talks about GM bankruptcy are over and the company is going to a new phase of life. The main assets of the company like Cadillac, Buick, Chevrolet and GMC have been sold to the so-called New GM.
Seems like, Saab will not belong to Asian auto manufacturers, or any other foreign companies, because its parent firm, General Motors has announced the final decision today. The American automaker will sell Saab to Swedish supercar maker Koenigsegg Automotive.
General Motors is happy to announce that the sale of Saab and Opel is coming to the final talks. There have been several candidates, but the manufacturer has the number of them to final three for each brand.
General Motors was planning to get rid of Hummer for a while. Since last summer there have been talks that the marque will be sold if there are any interested parties.
U.S. president Barack Obama got tired with the constant begging of auto companies for bailouts and decided to stop the waste of tax dollars. He says, "We cannot continue to excuse poor decisions". He wants the American auto industry to survive, but not with the leaders who cannot run the companies right.
General Motors brought to the 2009 Detroit Auto Show two different vehicles: a tiny fuel-efficient car and an extra large sedan.
Good news for the GM fans: after the $5-billion gift from the government the auto maker proposes some really good deals on its vehicles.
General Motors still exists thanks to the help of the governments of different countries where the manufacturer does its work
For several months we’ve heard about poor American automakers who don’t have any money to keep their production and who need government help in multibillion-dollar bailouts.