GM to Acquire AmeriCredit
07/22/10
Avalanche, Camaro and Terrain earn top honors in J.D. Power APEAL study
7/22/10
GM Nets Five of Edmunds.com’s Top 10 Launch Awards
07/12/10
GM Increases Number of J.D. Power Initial Quality Study Awards
06/18/10
2010 Buick LaCrosse Named a “Top 10 Best Dark-Horse Car of 2010” By Edmunds.com
06/16/10
2010 Chevrolet Equinox, GMC Terrain Earn IIHS Top Safety Pick Award
06/02/10
Buick, Cadillac Top Brands in Vehicle Satisfaction Awards
05/25/10
GM Reports First Quarter 2010 Results
05/18/10
62 GM plants eliminate waste to landfills
05/11/10
Cadillac CTS-V Takes Top Honors in Texas
05/11/10
GM To Invest $890 Million To Build Cleaner, More Fuel-Efficient Engines
4/27/10
GM Pays Back Government Loans in Full
04/21/10
FAQ on GM’s government loan payback
04/21/10
Chevrolet Equinox and Camaro Named Ward’s Auto Interior of the Year Winners
04/13/10
GM CFO: GM on the Path Toward Profitability
04/07/10
GM sales improve for sixth straight month led by crossovers, Buick LaCrosse, Chevrolet Camaro
4/01/10
Chevy named Best Exterior Design for Non-luxury Brand by KBB
LaCrosse, Sierra 2500 HD, Camaro and Equinox earn top honors at Chicago Auto Show
02/17/10
Three Chevrolet Vehicles Named to Kelley Blue Book’s kbb.com Top 10 Family Cars
02/16/10
GM Reaches Agreement to Sell Saab to Spyker
1/26/10
GM To Be First Major U.S. Automaker to Manufacture Electric Motors
1/26/10
Ed Whitacre to Continue as CEO; GM Commits to Paying Loans by June
01/25/10
GM Makes First Payment on Government Loans
12/18/09
GM to Begin Repaying Federal Loans in December Ahead of Schedule
11/16/09
GM Market Share Up; October Marks First Sales Increase in 21 Months
11/03/09
General Motors Gaining Market Share in October According to Edmunds.com
10/16/09
GM Invests $230 Million to Tool Up for 2011 Chevrolet Cruze and Volt
10/14/09
General Motors Signs Agreement For Sale of HUMMER to Tengzhong
10/09/09
General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM’s premium all-terrain HUMMER brand.
Under the terms of the definitive agreement, the buyer will acquire the ownership of the HUMMER brand, trademark and trade names, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles. The buyer will also assume the existing dealer agreements relating to HUMMER’s dealership network.
Tengzhong intends to purchase HUMMER through an investment entity, in which it will hold an 80 percent stake. Mr. Suolang Duoji, a private entrepreneur with holdings that include the Hong Kong-listed thenardite producer Lumena, will hold the remaining 20 percent stake. Financial terms of the agreement were not disclosed.
The transaction is subject to customary closing conditions and regulatory approvals and/or review by government agencies in the U.S. and China. The completion of the definitive agreement enables the companies to continue and further the overall regulatory review process.
“HUMMER is a strong global niche brand and this agreement signifies another important milestone in writing the next chapter for both GM and HUMMER,” said Fritz Henderson, GM President and CEO. “For HUMMER, the combination of its knowledgeable leadership team, vehicle design expertise and the capital financing of Tengzhong portend a successful future.”
Under the agreement, HUMMER would contract vehicle manufacturing, key components and business services from GM during a defined transitional time period. For example, GM’s Shreveport assembly plant would continue to contract assemble the H3 and H3T and AM General’s Mishawaka assembly plant will continue to assemble the H2. Both facilities will produce the specified vehicles until June 2011, with an optional one year extension until June 2012. The deal is expected to secure more than 3,000 jobs in the U.S. related to the sale and manufacturing of HUMMER vehicles.
HUMMER will continue to be managed by members of its existing leadership team including James Taylor, who will remain in his current role as HUMMER’s chief executive officer. Prior to joining HUMMER, Taylor was General Manager of Cadillac where he oversaw a reinvigoration of the brand, leading key innovations in design and technology as well as the development of new models.
Once the transaction is complete, HUMMER will become the first automaker to offer an alternative fuel powertrain in every model, with the addition of E85 FlexFuel capability in the 2010 H3 and H3T. HUMMER is also in the process of obtaining emissions certification for a diesel H3 that will be introduced in markets outside of North America. The brand’s future product development will focus on improving efficiency and performance in current HUMMER models with alternative fuel powertrains, more efficient gas engines, 6-speed transmissions and diesel engines.
90 Days Post Bankruptcy, A Different GM Emerges (Part 1)
10/07/09
90 Days Post Bankruptcy, A Different GM Emerges (Part 2)
10/07/09
90 Days Post Bankruptcy, A Different GM Emerges (Part 3)
10/07/09
GM to Sell Majority Stake in Opel/Vauxhall to Magna/Sberbank
09/10/09
GM’s August Sales Up 30 Percent Over July
09/01/09
GM Increasing N. America Production, Adding Jobs to Meet Demand
08/18/09
General Motors and Koenigsegg Group Sign Deal on Sale of Saab
08/18/09
A New GM Kicks Into High Gear at Product and Technology Event
08/11/09
Chevrolet Volt Expects 230 mpg in City Driving
08/11/09
2010 Launch vehicles by Buick, Cadillac, Chevrolet and GMC
08/11/09
New Buick Crossover Will Feature Plug-In Hybrid System
08/06/09
GM’s Board of Directors’ Statement on the Newly Launched GM
08/05/09
GM Resumes Leasing in Five States
08/03/09
GM July Retail Sales Up for Fifth Consecutive Month
08/03/09
GM Announces Leadership Appointments and Retirements
07/30/09
GM Names New Members to Board of Directors
07/23/09
GM Announces Major Leadership Changes
07/23/09
Chevrolet Launches ChevroletVoltAge.com
07/16/09
The New General Motors Company Launches Today: Part 3
07/10/09
The New General Motors Company Launches Today: Part 2
07/10/09
The New General Motors Company Launches Today: Part 1
07/10/09
GM 363 Asset Sale Approved by U.S. Bankruptcy Court
07/06/09
GM selects plants for future small car assembly
06/26/09
What Quality Gap?
6/23/09
GM, Koenigsegg Group AB Reach Tentative Agreement on Saab
06/15/09
GM Opens Largest, Most Advanced Automotive Battery Lab In The U.S.
06/08/09
Fritz Henderson’s Senate Testimony on Dealer Consolidation
06/03/09
General Motors, Penske outline proposed deal for purchase of Saturn
06/05/09
Summary FAQ on GM’s Chapter 11 Filing
06/03/09
GM Vehicle Protection, Incentive Programs will Continue
06/02/09
General Motors Announces Preliminary Agreement To Sell HUMMER
06/02/09
Customer FAQ on GM’s Chapter 11 Filing
06/01/09
New GM-UAW Labor Agreement Eliminates Competitive Gap for GM
05/29/09
GM Announces Plans to Build Small Car in U.S.
05/29/09
GM Reducing Dealer Count from 5,969 to 3,600 by 2010
05/15/09
Four Core Brands to Focus New Product Development
04/27/09