Latest General Motors News
Koenigsegg pulls out of the Saab purchase
The proposed sale of Saab to Koenigsegg Group AB has been terminated at the discretion of the buyer, said General Motors. "We're obviously very disappointed with the decision to pull out of the Saab purchase," said GM President and CEO, Fritz Henderson. "Many have worked tirelessly over the past several months to create a sustainable plan for the future of Saab by selling the brand and its manufacturing interests to Koenigsegg Group AB. Given... [more]
Tengzhong acquires HUMMER from General Motors
General Motors and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd 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 tradenames, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles. The buyer will also assume the existin... [more]
Chevrolet Cruze the most important car in GM history
GM executives are calling the Chevrolet Cruze, its new C-segment saloon, “the most important car in our history.” While the car has nothing like the hi-tech content of the Volt, GM believes their new four-door sedan is the car that can help steer the company through the Credit Crunch. It’s a truly global car – designed and engineered by GM-Daewoo in Korea. It’s effectively the replacement for the Lacetti, but it’s a lot more than that, both in... [more]
The GM Volt small petrol engine acts as a generator for the extended range electric vehicle
The GM Volt is an extended-range electric vehicle. It has an electric motor and a conventional engine, so it can’t be classified as a zero-emissions vehicle. “It’s an electric vehicle,” states Johan Willens, GM’s global director of advanced propulsion and environmental communications. “The electric motor drives the wheels at all times.” It has a 16KwH Lithium Ion battery pack that gives the Volt a range of around 40 miles – sufficient for mos... [more]
Corvette ZR1 from £109,000
The 205 mph Corvette ZR1, available to order from UK Corvette retailers from October 2008, will be priced from £109,000 on-the-road. The fastest ever car from General Motors is the best value 200+ mph supercar on sale in the UK. GM has confirmed just two Corvette ZR1s will be delivered in 2008 and only single digit volumes will be available to order for delivery in 2009. Each customer of the ultra-exclusive ZR1 will receive an invitation ... [more]
