GM overshadowed new models at NY auto show

Walk through New York Auto show is ground at the Javits Center during the press days, and there is no shortage of auto executives, journalists, and industry consultants around.

But walking the North Hall, where General Motors the new Z06 Corvette convertible and the Chevrolet Trax SUV shown is, and it's a far different story. The area is a virtual ghost town with a few GM employees, talking to a few journalists, made their way into the room.

Welcome to the world of General Motors in the spring of 2014, where the unveiling of new models of car manufacturers through the ignition switch recall crisis has cast a pall.

Try as she does, GM CEO Mary Barra are able to shift focus away from the scandal and mounting questions in four investigations such as the automakers over faulty ignition switches in vehicles more than 1.6 million decisions bound.

She also admits the focus is now the recall investigation.

"But in the meantime, we will maintain the momentum," Barra said. "We will continue the acceleration around the world of what we do. Great products, strong business results; "and we have to do the team."

Outside the auto show, sales have shown some resilience despite the recall crisis last month.

"Traffic," said Mark Reuss, the head of product development at General Motors. "That wasn't easy, but we stay focused."

Last month GM sales by 4.3 per cent, not far away rose of the industry sales pace of 5.7 percent.

Traders say their loyal, repeat-GM buyers are looking at the current wave of Chevrolet, Cadillac, Buick and GMC models, and see vehicles that are quite different than the Chevy Cobalt and Saturn Ion at the center of the investigation.

The new Corvette Z06 convertible on display at the fair, is another example of a new vehicle from GM that a sharper look and better performance than the cost-oriented economic models built from 2003 to 2007.

It remains to be seen, check how many are on the new Corvette at the auto show, when it opens Friday to the public.

Read More

Troubled GM customers can hit sales: dealer

An ignition switch failure in connection with deadly crashes and in the Assembly recalls motor showrooms, according to dealers, who are fielding more and more calls from customers worried about the safety of GM cars are afraid in General.

Ancira auto group in San Antonio, Texas, a banner expected after March, but there was a strong February 28 vehicles short of their goal of selling 200 cars and trucks, Vice President April Ancira said in an e-Mail.

GM Chief Mary Barra on Wednesday with allegations, endure a devastating attack at a US Senate hearing, that the company "a culture of cover-up" promoted and Ancira said the bad news on this switch ignition, helped miss their sales group centered.

"It will take some time for the brand back to attract the customers who lost it," she said. "But I must believe that General Motors will take advantage of this opportunity to really focus on improving the safety of their products."

GM spokesman Jim Cain said the company is aware that some dealers worried how the recall will affect sales.

"Time will tell," Cain said. "In the long run we will be judged on how we take care of customers. We have to use advertising, if it is proven that the revenue might be affected in the short term incentives and other tools. But we haven't seen that. "

Concerns that sales, also in a recovered would be used car market under pressure this week showed interviews with more than 20 US GM dealer. Traders also made it clear that there are a growing number of nervous current GM owners and the claims threaten after repairs to clog some repair service.

"they request information. People are a little confused, what they need to do. There are a lot of these cars out there, "said Al Belford, Ed Bozarth Chevrolet in Las Vegas, which is about 50 more operations Director set customer calls a day for the last three weeks."

Jacqueline Aguilar, service Coordinator at Brickell Buick GMC in Miami, said the dealership handles got up to 40 calls per day between 14 and 18

Holland, Michigan DeNooyer Chevrolet was always 10-15 calls per day, said Sales Manager Dominique DeNooyer local television, added that the dealers "Influx" of people find challenging was.

Since February has GM 2.6 million vehicles because of concerns ignition switches recalled, that unexpectedly turn off engines during the operation and airbags, power steering, and the service brake unusable. And this year, GM vehicles or reminded about the same number has a total value of nearly 7 million in the last four years together.

Toyota recall 2010

In January 2010, Toyota recalled nearly 2.6 million vehicles in the United States and Canada to sticky Accelerator pedals. The callback and the controversy, which punished sales in the run-up to the vote.

Less than two weeks after the recall, Toyota sales reported a decline of 16 per cent in January 2010 U.S.. Sales fell in February before rebounding again in March. However, has the U.S. market share set not the automakers, their peak of 17 percent in 2009 regained.

In contrast, GM improved figures in March, the month after the first phase of the recall were announced. Dealers delivered 256.047 vehicles in the United States in March, fueling a 4 percent of total sales from last year's level. Retail sales by 7 percent and GM said that it gained retail market share.

Overall the car market in recovery mode and many managers in the dealership remain optimistic, including Brad Sowers, owner of Jim Butler Chevrolet in the suburban St. Louis Fenton.

"I'm still in the mode in which it has a good year for us and the cars, which are 11 or 12 years old and the prices will be really low", Sowers said.

"Our sales have been average", said James Mardenli, general sales manager at Cerrone Chevrolet Buick & GMC Truck Dealership in South Attleboro, Massachusetts. "April is a good month in sales since April, may and June are usually the months where most have bought cars."

But Morgan Stanley analyst Adam Jonas wrote in a research note that his uncle was a car dealer in Canton, Ohio.

"I think that April is reached a low point for us. We know we will get through this, but only hope, as soon as possible this problem passes "Jonas cited his uncle say. Jonas his uncle not to call or immediately respond to a phone call from this discussion.

If the GM dealers in the vicinity of the cities of the United States in Boston, Cleveland, Los Angeles, Miami and San Antonio agreed Manager, that it much more time earnest customer concerns issued.

Read More

GM corvettes of sinkhole swallowed restore

What has engulfed mother earth plans revive Chevrolet. The carmaker says that it monitor restoration of classic vehicles, which swallowed up by a giant sinkhole, national Corvette Museum in Kentucky.

General Motors design in Warren, Michigan, manage the tedious work to repair the eight price vehicles, the automaker said on Thursday.

The cars were consumed when the Earth opened early Wednesday in a display area as the Museum in bowling green, Kentucky, was closed. No injuries were reported. The Museum was opened Thursday with the exception of the area around the SINKHOLE.

Mark Reuss, GM Director of global product development, said the vehicles damaged rank as "some of the most important in the history of the automobile."

"It may just be, which is 1-millionth Corvette ever built,", he said, on one of the damaged cars. "We want to make sure as many of the damaged cars as possible be restored so that fans from all over the world, who can enjoy them."

Just like the cars out of the ground to be remains to be seen, Museum said Executive Director Wendell Strode. The local fire brigade estimated that the hole about 40 feet above and 25 to 30 meters deep. The hole below the museum open vaulted section.

"We feel pretty confident that most of the cars can be extracted," strode said. "And we hope and believe that with some luck, that all eight cars are extracted can be part of the restoration."

Chevrolet spokesman Monte Doran some cars are looking in good shape to be, while others are buried in rubble.

He said "There are likely several weeks, until we can get out the car and assessed,".

The GM design team has helped restore other historic cars, but the Corvette project sees his biggest, he said.

"These corvettes are part of our history, and they want that they properly restored" strode said. "We are thrilled that they do so."

The cars looked like toys, as they in the hole stacked in a heap in the middle of dirt and concrete fragments crashed. The museum owns six cars ZR-1-Spyder during two - a 1993 and a 2009 ZR1 Blue Devil - are on loan from General Motors.

One of the other cars damaged were 1962 black Corvette, a 1984 PPG pace car, a 1992 white 1 millionth Corvette, a 1993 Ruby Red 40th anniversary Corvette, 2001 Mallett hammer Z06 Corvette and a 2009 white 1.5 millionth Corvette.

Pictures of the sinkhole showed a reduced area of the floor with more than one car in the hole visible. A few feet away, sat undamaged other corvettes. They were later removed from the damaged area.

Sinkholes are common in the area of bowling green, sits in the middle of the country largest karst area, where many of the Kentucky run largest and deepest caves underground.

Assures the wrecked vehicles were, but probably the cover cover all cleanup costs is not said strode.

Help GM single steps forward again.

"We don't know, but what is insurance and what are covered by GM,", Doran said. "However we expect that there will be no charge for the Museum to restore the cars."

The first task is to stabilize what is within the sinkhole and nearby, strode said. Approx. 10 days that, he said. Then come the extraction by crane, but the schedule was not yet determined, he said.

The Museum has also insurance cover for damage to the structure.

A construction management firm hired, have been linked to the project to monitor and engineering teams also.

The goal is, the structural repairs in time for the Museum Corvette caravan end of August to have a celebration of the Museum 20th anniversary. Thousands of Corvette fans are likely to converge to the Museum in their models of the classic American sports car.

"People, if she are familiar with him have been she was may never be aware that something gone wrong", strode said. "It will look good."

Read More

GM reports lower-than-expected 4Q-Gewinn

Profits at General Motors in the fourth quarter rose by 2 per cent compared with the previous year, but the company fell way short of the expectations of Wall Street.

GM chief financial officer Chuck Stevens CNBC said on Thursday that the higher tax rates about one-third of the Miss result contributed, while restructuring costs made the rest. In an interview of "Squawk Box" he described in the quarter as a "very, very solid results."

GM North American earnings were $913 million, or 57 cents per share. This compares million, or 54 cents per share with $892, in the period a year earlier. Sales rose 3 percent to $40.5 billion.

Excluding the non-recurring effects, GM made 67 cents per share. But analysts surveyed by FactSet expected 88 cents on revenues of $40.8 billion. These elements contain $200 million restructuring costs, largely related to the output of the brand Chevrolet in Europe.

Read more: Aston Martin recalls 17.590 cars through fake parts

GM was in the year 22 percent $3.8 billion, or $2.38 per share. Without one-off effects worthy of $3.18 per share.

GM also announced that 48,500 U.S. workers get up to $7,500 in profit-sharing checks.

Shrunken GM, its loss in Europe by more than half to $345 million. Analysts had expected red ink of $399 million. Stevens the automaker said determined to break his target by the middle of the Decade.

"We have really significant traction on the cost side of the business in Europe", he added. "The market... we built for Opel-Vauxhall share for the first time in 14 years."We had improved earnings in the second half of the year."

Stevens said a buildup in inventory cut some bad weather sales cannot be held responsible. North American inventory has grown to 111 days higher than many had expected.

Last month in the "Squawk Box" occurs warned AutoNation Chairman and CEO Mike Jackson automobile manufacturers, to see their stocks.

The GM CFO said that he had a selling rate of 16 million to 16.5 million units for the industry in the year 2014 looks.

Read More

China to end anti-dumping duties on U.S. auto imports

SHANGHAI, Dec 13 Reuters) - China on Friday said it would stop collecting anti-dumping and anti-subsidy duties on certain types of cars from the United States imported, if the measures on Dec. 15.

14 December 2011, China began collecting punitive tariffs on sedans and sports of utility vehicles (SUVS) with engines of 2.5 litres and above imported from the United States in retaliation for US trade policy.

China said then that U.S. automakers General Motors co and Chrysler Group will receive State subsidies and their vehicles on the Chinese market, which damaged threw China's auto industry.

On Friday by the Commerce Ministry in a statement said on its website the obligations would be cancelled because it had received no applications for a renewal in the anti-dumping investigations.

Growth of the market for imported cars in China this year in line with the domestic car market, facilitates campaign partly on Beijing's anti-extravagance.

In the first 10 months 908,000 imported vehicles in China to 9.6 percent from the previous year after China Automobile trading co., Ltd. were sold compared with an increase of 21.7 percent over the same period last year.

The State car importer expects the import vehicle market 7 percent grow next year.

Read More

GM pointed out that 15,000 Malibu sedans for threat fire

DETROIT, 15.11. Reuters) - General Motors co is remembered almost 15,000 Chevrolet Malibu sedans from model year 2013 check for faulty wiring harnesses, which can cause a fire.

GM also said on Friday it is recalling 44.406 2014 a problem to check an option list beginning with model year, which can lead to malfunction of the cars defrosters.

2013 Special equipment list with optional power front seats equipped said GM wiring harness against the seat frame might be wearing, which could lead the "spark, flickering lights, wiring, smoke or fire melted."

GM said that it knows two fires in unattended vehicles and "There is no known crashes or injuries" with reference to the State.

The recall affects 14.909 vehicles in the United States, 13 in Canada and seven in Mexico.

2014 Optional list said GM of heating, ventilation and air conditioning (HVAC) can work incorrectly. If the defroster doesn't work, drivers may not said on the windshield, clear GM.

The automaker said was it not crash due to the condition known injuries or complaints.

The recall affects 42.696 vehicles in the United States, in Canada 1.034 and 676 in Mexico.

Read More

The Treasury sold GM shares for $1.2 billion in October

DETROIT, 13 Nov Reuters)-the U.S. Treasury Department said that it is another raised $1.2 billion in sales in October from the sale of shares in General Motors co, how goes it in order to reduce their share of the number 1 of the U.S. automakers.

Treasury in its monthly report to Congress on Tuesday, that it approximately 37.2 billion $ investment in GM through repayments, sale of own shares, dividends, interest and other income recovered had announced.

In 2009, the U.S. Government extended $49.5 billion in the form of loans to GM in Exchange for $2.1 billion in preferred shares and a shares by 60.8 percent. Ministry of finance who winding down, hold, saying last month it had reduced to around 7 percent.

Ministry of finance last year said in December it will completely stop its share of GM until end of March 2014, although most analysts and expect investors that can happen much sooner.

Treasury owned 101.3 million GM shares from Sept. 26, but the $1.2 billion in revenue suggests that it roughly may have sold one-third of that total in October given the fact that the car manufacturers of the share in the range of $35 to $36 a share over the course of the month traded.

Last month, Treasury said it had recorded a loss of $9.7 billion on the GM bailout. Treasury officials have said that the Government $15 billion to $85 billion auto industry bailout loses containing the Chrysler, but said that the intention was to save the jobs, not to make.

The exit of the Treasury will eliminate the stigma of government ownership, which hovered over the automaker, the induced dub has some critics, the company "Government motors."

Read More

October auto sales: General Motors

DETROIT - General Motors co. said Friday that its October US sales grew 15.7 percent, led by the Chevrolet Silverado Pickup and the midsize Malibu car.

BY the numbers: It said the Detroit-based automaker 226.402 cars and trucks a year previously sold in the last month of the 195.764.

TOP seller: Silverado sales 10.1 percent to 42.660. Malibu sales rose 63.5 percent to 15.746.

HOT MODELS: Cadillac ATS small sport sedan, whose Umsätze doubled over to 2,782. Sales of the new Chevrolet more than to 3.929 tripled Corvette.

Read More

GM is increasing prices on new pickup trucks by 6 per cent

DETROIT, Oct 11 Reuters) - General Motors co increased the price of its 2014 Chevrolet Silverado and GMC Sierra of full-size pickups by $1,500 this month GM said on Friday.

The largest U.S. based automaker offers up to $1,500 cash-back on the new trucks until late October to temporarily the price increase, GM spokesman said offsetting Jim Cain.

The movement, which was announced to dealers on Monday amounted to a round 6 percent price increase on the redesigned pickup trucks. The truck-roll-out began in June and GM 2009 represents most important vehicle launch since its bankruptcy.

Analysts said that the Chevrolet Silverado and GMC Sierra, along with related SUVs, generate more than $12,000 per vehicle for profit and accounts for about 60 percent of the worldwide income of society.

Read More

Cadillac plug-in for January debut, in direct combat with Tesla set

DETROIT, Oct 11 Reuters)-General Motors co will go head with head electric car maker Tesla Motors Inc from January, when a plug-in-brand in the retail version of its luxury Cadillac.

GM said on Friday its 2014 Cadillac ELR-plug-in Coupé a starting price of almost $76,000 including shipping - ways in the competition with the model s federal tax credits have similar favorable Tesla could reduce the cost of the ELR for consumers up to $7,500.

GM said the two-door ELR available at national level, in contrast to the Chevrolet Volt is the first in selected markets was rolled out. Similar to the Volt ELR an electric range of about 35 km on the highway and a gasoline engine for longer range, indicating it has golf practice range a total of more than 300 miles.

ELR will bring GM one of the best selling pure electric cars in direct competition to Tesla's all-electric model S. The four door model S starts at $70,000.

Since the price cuts, the GM and other automakers have set up for their electric cars in recent months, analysts are unsure whether that has U.S. automakers realistic expectations for the new Cadillac. GM cut the Volt price by $5,000 to $35,000 in August.

"ELR makes a much bolder luxury and style statement than the Volt," said Kelley Blue Book analyst Karl Brauer. "This certainly justifies a higher price for the ELR's point, but Cadillac cannot deny the pricing reality, which we with other advanced hybrid and electric vehicles seen."

"Consumers have traditionally shied away from the price premium that require these cars generally, non-hybrid vehicles, and that has forced a wave of price cuts," he added. "Will a $75,000 ELR break through this scheme? Cadillac is no doubt just the success of equally cheap Tesla and hopes the auto follow. "But I don't know whether this level of enthusiasm and prices will be transferred to the ELR."

ELR is probably only the first step for GM in luxury electric cars offer. Doug Parks, the Deputy for global product development, has in the last month that GM would do look like other EVs in the $Giganet price range.

GM previously said ELR overseas, including the important Chinese market, will be sold later in the year 2014. Executives of the company have stressed that ELR a low sales volume will be auto.

Production of ELR will most likely start this year at the company Detroit-Hamtramck assembly plant, where is the Volt. Introduction of the ELR is an expected product Flash by GM luxury brand his Cadillac as the Detroit company could double in the next four years.

Read More

US Treasury raises $570.1 million € more GM stock sale

DETROIT, Oct 11 Reuters) - the U.S. Treasury Department said that it last month sold an additional $570,1 million worth of General Motors co shares, as he moved in the direction of its holdings in the automaker until end of March 2014 end.

The Ministry of finance from end of September said it about 36 billion stored in documents online on Thursday, $ from its $49.5 billion-bailout had recovered, received the number 1 of the U.S. automakers, helped out of insolvency in 2009.

On Sept. 26, Treasury launched the third phase of a plan to sell its GM stake, which once stood at 60.8 percent. When she outlined her exit plan in December 2012, Treasury said it would sell its GM shares in 12 to 15 months.

Ministry of finance does not disclose, how many shares recently sold, but said its share at about 7 percent was. At the end of the second phase of trading it was 101.3 million shares, or 7.3 per cent.

Treasury officials have said that the Government $15 billion to $85 billion auto industry bailout loses containing the Chrysler, but said that the intention was to save the jobs, not to make.

The US taxpayer bailout led some critics, the company "Government motors" dub executives said, the stigma some hurt sales

GM CEO Dan Akerson said end of the Treasury share would bring closure of the bailout and to remove the perception of government ownership for the customer.

Analysts have speculated, that the Treasury Department exit is earlier than might be expected, and if the entire stake is sold, the automaker can consider reinstate a dividend on the common shares. A dividend for ordinary shares has not been paid since May 2008.

GM executives have said that they focused on the reinvestment in the company.

Read More

GM recalls 1,658 Sonic small car for fuel tank problem

DETROIT, Oct 7 Reuters)-General Motors co is 1.658 Chevrolet Sonic recalled cars, since potentially faulty strap the tank separate welds from the car could cause.

The recall of 2013 and 2014 model year cars concerned - 1,558 cars in the United States and 100 in Canada, are the many, GM said most of them still on dealers. The number 1 of the U.S. automakers said that it knows no accidents, fires or injuries related to the issue.

If the strap holder separately, the fuel tank on the exhaust pipe or the plastic would tank shield, potentially leading to a rattling or scraping noise of GM said to rest. If the plate and fuel filler neck did not support the tank, he could separate from the car GM said.

If the fuel tank was punctured, and it was a source of ignition, a fire could occur, said GM, which discovered the theme on their Orion, Michigan assembly plant.

The inspection of the mounting straps and any necessary repairs will be free, said GM.

The US National Highway Traffic Safety Administration is not on his site reminds automaker due to contribution presented to the closure of the Government.

Read More

Peugeot partner possible China does not provide GM

NEW YORK, Sept 27 Reuters)-General Motors co, which always struggling, believes his ailing Europe fix that a key partnership in France would survive, even if the French do together ties with China's Dongfeng motor group co. Ltd, a top GM Manager said on Friday.

In June reported the Reuters news agency, that the founding family of PSA Peugeot Citroen had offered, control over the automaker give up, as it tries to revive plans for a closer connection with GM backed by fresh capital injection.

"We are not PSA only partner... I think that it would complicate our situation, just as it would difficult for some of their other partners," GM Vice Chairman Steve Girsky told Reuters in an interview in New York, referring to a possible partnership between Peugeot and dongfeng.

He acknowledged, that the such a link on GM Alliance with Peugeot would depend the impact of Dongfeng on how much influence had. He said that another factor would be whether all vehicles in such a partnership in China would be sold where is GM joint venture partner SAIC Motor Corp.

Peugeot had also talks fruitless over the sale of a stake to a consortium of Dongfeng listed sources said in June.

GM has so far refused to invest more money in Peugeot, an attitude, on Friday confirmed the Girsky. GM is Peugeot's second-largest shareholder behind the Peugeot family.

He said "We our 7 percent first and foremost not bought, because we wanted to influence in PSA, but because we wanted to help them at the time with their capital procurements".

Girsky said Peugeot has not raised the issue with GM and he refused to say whether the U.S. automakers would be willing, have diluted its stake in the PSA.

"We have had no discussions. "We don't know what to do, and if they decide what they are doing, they pick up the phone and call us."

STRENGTHEN THE BRAND

Fixing by GM is the priority and the Alliance with Peugeot to help, said Girsky. GM and PSA still work together, to build two minivan-like vehicles on the same vehicle platforms from 2016, but largely for the European markets are also discussed other unidentified products, he said.

GM money losing European unity since a major focus for investors the automaker in the fall of 2010 for a bankruptcy reorganization and a $49.5 billion U.S. bailout stock market went. In November 2011, accused Chief Dan Akerson Girsky overhaul of Europe, the 13 years have suffered losses.

Girsky said the European car market, the 20-year earlier this year has depression, bottoming, but GM is a huge industry volume restore not expected in the next year or two.

GM fighting costs from its Opel in Europe and the commitment received that, to launch new models will give out business $5.2 billion by end 2016. Now needs to focus on GM what the brand stronger and Girsky was Opel said market on pace for the first time in 15 years to not lose share in the region.

Girsky said talks with the union representing workers at the Bochum, Germany, plant scheduled to close by the end of 2014, were ongoing but to say if she would wrap up or what the cost for GM would be rejected. The Detroit company issued to close a plant in Antwerp, which employs 2,600 people $527 million in the year 2010. The Bochum plant has 3,300 employees.

Girsky, the United Auto Workers Union in talks with Chrysler CEO Sergio Marchionne 2009 fall insolvency while the company, said he was a "fascinated viewers", that just talks between the head of Chrysler and the UAW retiree health trust, a large share of who owns U.S. carmaker.

Chrysler, 58.5 percent owned by Italy's Fiat SpA, filed paperwork late on Monday in a step in the direction of the initial public offering of the shares owned by the UAW, which owns the rest of Chrysler by the trust.

Marchionne runs with the IPO of the Union called on both sides not much buyout in more than a year talks agree.

The UAW wants more than 5 billion $ for their share higher than what offered Marchionne. Chrysler IPO filing contained a warning from Fiat that the Italian carmaker can reconsider the benefits of deeper ties with Chrysler.

"I think that she'll reach an acceptable compromise," said Girsky of the talks. "This is the sort of thing that really not even until the end, resolve, because both sides have somehow push interest to see the others how far they can go."

Read More

Chevy Silverado tops consumer reports-truck list

General Motors Chevrolet Silverado was the full-sized pickup top-scoring in a test on the road, edging Chrysler RAM 1500, which was to be the preferred vehicle on a daily basis, according to consumer reports.

Who brag in tests as those has published by the influential consumer magazine, is crucial, since profits of more than 12,000 large trucks $ generate per vehicle in a growing segment that was always dominated by the U.S. automakers. Consumer reports is one of the most consulted sources of information by car buyers.

Sales of large pickups in the United States rose by 24 percent to nearly 1.3 million vehicles this year and make up about 12 percent of the total demand. The top-selling vehicle in the United States is Ford F-150-full-size pickup engine.

2014 Silverado 1500 has a 5.3 liter V8 engine get 81 out of 100 points, or, during the 2013 RAM 1500 with a 5.7 liter V8 scored 78, according to the test results Tuesday released "very good".

2014 Silverado is GM most important vehicle launch since the U.S. based automaker 2009 bankruptcy. The vehicle design was not overtaken since 2006. 2013 RAM was a less extensive redesign.

, The reality is that you can't go wrong with one, "said Jake Fisher, Director of automotive testing for consumer reports, in a statement. "Both are capable cars the decent gas mileage, and are as quiet inside as a good luxury car."

The GM and Chrysler vehicles higher than two versions of the Ford F-150, each 70 points scored. Rounding out the tests were motor Toyota Tundra (69 points) and Nissan Motor Titan (66 points).

Consumer reports said the Silverado beat out the RAM 1500 due to the larger cargo area, larger payload capacity, and ability to the pull heavy loads.

The Silverado tailgate is easy to raise and lower, it has a lower step-in height, 1 mpg that said magazine has agile handling as the RAM and the best-in class fuel economy of 16 miles per gallon, better than the Rams.

However, consumer reports which go RAM better for the daily drive better on the truck interior with comfortable sitting, and control layout to show something friendly said. The magazine also Silverado sometimes said to feel weak.

, Use your truck more for daily driving, is Aries a nice place to spend your time, "said consumer reports.

Its average reliability, the magazine recommended the RAM. It said the Silverado too new to have reliability data. The struggle continues, but expected Ford is rolled out next year a review of the F-150.

Read More

GM takes with plans for 200-miles electric Tesla

As automakers race to cheaper electric cars with longer range, General Motors on a working, can go 200 miles per charge at a price of about $30,000, said Senior top companies.

Vice President of global product development Doug parks does not say when or if so a car, but will be built.

GM sells Chevrolet $35,000 currently Volt plug-in hybrid, which can go 38 miles on electricity before a gas-powered generator kicks. It offers also the all-electric Chevy spark subcompact, the 82 kilometers on a charge can go. It starts at $26.685. electric cars suitable for a federal tax credit of $7,500.

The 200-mile car costs about the same as the current Volt, and it would match the range and far cheaper than Tesla Motors $71,000, all-electric model s The S model can go up to 265 miles on one charge.

A cheap electric car with a 200-mile range would produce electric cars more appealing to Americans, the two Chief complaints about such cars do: fear to go out making and high price, said Tom Libby, leading North American analyst of vehicle Polk research firm.

"That would no doubt a big step forward," he said.

Batteries with cars currently only make U.S. sales only 0.3 percent, Libby said, but he is confident that would increase if a car manufacturer with a 200-miles cheap car came.

Tesla gets awards for the model S, including the highest test score, which ever recorded by consumer reports magazine. And the company of Palo Alto, California, electric car works to a mass market. CEO Elon Musk has said, it is a 200-mile range and costs about $35,000. He said it as end of 2016 sales could go so early.

GM has a different approach to Tesla, taken from said parks, prices electric vehicles of around 25,000 about $40,000. Don't go the battery costs as far to each fee kept low and the cars cheaper, he said.

"their prices for a truly unique customers", said parks of Tesla. "The real trick will be, who can make a 200-mile car for more of the price range, what I mean. We're all in the race to do."

The 200-mile car is not the next generation Volt. On the occasion of a Monday meeting on GM advanced battery lab in Warren, a suburb north of Detroit, parks show at its technical center who said that GM engineers are now working on a new Volt, a little go father on electricity than the current model and cost slightly less. He would not say when it will arrive in showrooms or how much it will cost.

GM showed a 50,000 square meters on Monday in addition to the battery lab. The extra space that size has almost doubled the laboratory, the company can test batteries and computer controls, which is much faster than before. Parks said it aims to develop electric cars twice as fast, how could the company in the past. It took GM about four years bring to the development of the Volt, and on the market.

Read More

GM said United States selective pensions funding: Rattner

The former head of President Barack Obama auto task force admits that he entrust General Motors not to cash a pension fund for former employees charged during the automaker's 2009 bankruptcy.

"We it is completed, not commercially reasonable," said Steven Rattner, who led the bailout of the auto industry at the height of the financial crisis of the country, a House to hear Wednesday.

Republican lawmakers criticized the decision as an example of excessively deep interference by the Obama administration in the private sector.

"The administration took winners and losers," said Rep. Michael Turner, R-Ohio, at the hearing.

The Government plans to GM beginning 2014 end. Taxpayers are probably billions of dollars for the rescue to lose.

Rattner and other members of the task force, defended their decisions, says the legislature that their job was to make sure that GM emerged from bankruptcy as a viable company. The automaker had disappeared, had many other companies in the automotive industry also under, they said. That would have worsened what was already a deep recession.

"It is not just this kind of decisions under any circumstances; It was a special challenge in the crisis was the atmosphere of GM with a view at the time, "Rattner told lawmakers.

Under the bailout, which go the company in bankruptcy and the Government pay some $50 billion, to take possession of them involved, agreed to finance car manufacturer pensions of former employees were members of the United Auto Workers Union and had worked at GM Delphi unit, before he in 1999 was spun off.

The auto task force didn't for Delphi employees to do the same, who also had worked at GM to spin off GM, Rattner said.

"There are any number of places and times, where General Motors would recommend or recommend, do something that we was not the feeling of being economically viable, and this was one of them", he said.

Washington has its share of the car manufacturer, winding back was the profit zone and joined the S - and P-500-stock index in June.

Read More

Car profits, more than half from China rise

Want global automakers, in the middle of one of its best years ever, is the rest of this decade rake in even greater profits, according to a new report. The challenge arises where revenues returned before the recession stand production in North America are specially designed for the big three (GM, Ford, Chrysler),.

"North America and China are the largest profit pool," said Hans-Werner Kaas from McKinsey & co. "China, in particular the premium market see the greatest growth."

McKinsey notes until 2020 more than half of the Chinese global car will grow profits by 50 per cent. The report projects emerging as the area where auto manufacturer primed to increase yields.

With U.S. auto sales surging this summer, grows, to build pressure on the automaker to add capacity, more cars and trucks. At the end of the year, half will be will be sold in the United States that operated North American by the big 3 models, which run three layers according to IHS automotive.

So when will the big 3 and add other car manufacturers, more assembly lines and plants?

"I'm sure that these discussions are already underway," said Kaas. "But the domestic automakers will expand carefully over the capacity."

Auto executives in Detroit and elsewhere in the near future have to make a decision, he added. It takes 18 to 24 months to bring a plant online. If sales at their current grow, North American car production are as far as possible extended period of a few years.

"Domestic automakers will hit the limits of capacity in North America by 2015, so is it no doubt executives have to start talking about the expansion of," Kaas said.

Volkswagen is building Audi models for the United States will provide a final assembly plant in Mexico.

China and emerging markets

McKinsey projects that emerging markets generated a larger share of the global auto sales in the next seven years. Such markets, including China, Russia and India, are responsible for half of all cars and trucks that are sold each year. The consulting firm expects that this share will rise to 60 percent by 2020.

The growth, particularly in China, that's why Kaas says that car manufacturers must still move more production to this country and emerging markets.

"Urbanization and industrialization drive growth in China and that will continue for many years," he said

General Motors, Ford, and Volkswagen all races to new plants, and run in China are General.

On Friday, standard and Poors raised Ford Credit rating to investment grade and picked up General Motors Outlook positive because of the success, which have both companies in China partly.

Read More

Chevy back in the game for Super Bowl adfest

Chevrolet will be back in the lineup when the teams take on the field in Super Bowl XLVIII, a reversal controversial 2012 decision to the pull out, what is the most watched annual event of television - and a program to see that millions of Americans so much for advertising for football.

The decision is the last reversal of a number of widely-discussed decisions that General Motors global before his departure in July of 2012. GM has former marketing director, Joel Ewanick, also decided to test new opportunities on Facebook, a further marketing outlet, the Ewanick rejected before he himself was ousted because of a controversy surrounding expensive marketing relations with European football.

"The timing of the Super Bowl XLVIII perfect our aggressive car and truck home plans, lines with", said Tim Mahoney, the Chevrolet as its global chief marketing officer last February joined in. "The Super Bowl is a big stage for the presentation of the brand Chevrolet, and our newest cars and trucks."

According to Nielsen, February broadcast of the game Championship between the Baltimore Ravens and San Franicsco 49ers moved 108.7 million viewers - with more than 1 billion estimated that have observed around the world. But this is only one of the reasons why advertisers traditionally have dangers to snatch time during the broadcast of every open second.

SocialGuides 2013 Super Bowl advertising report that about 5.3 million people 26.1 million tweets sent during the game. And saw millions more after that Super Bowl advertising on YouTube and other outlets.

The costs are the downside. While the business rates depending on slices, place advertiser a 30-second spot on the 2012 Super Bowl broadcast, involved the last GM, ran between $3 million and $3.5 million. And the figure jumped as high as a reported $4 million for the 2013 game.

GM had initially only good to say about their presence 2012 ad go so far as to claim its place for the then-new Cadillac ATS that ever was "most-watched" commercial. But Mai Ewanick unexpectedly announced GM spent to break ongoing relationships in the NFL and a departure from the Super Bowl.

"It's all about efficiency," said the often controversial marketing Czar in relation to the expenses of the GM an estimated $4.5 billion marketing budget. "Every penny counts," he said. "If we allow for inefficiencies in anything we do, it's actually stopping."

It was just one of a number of unexpected movements which contain, cancel a $10 million budget for Facebook. GM was not the only customer at the time of the survey the advantages of advertising in the social media network. In fact even Facebook had improved its own ad results recognized.

But Ewanick rubbed salt into the wound by his announcement, and hard criticizing Facebook shortly before what a disastrous public warehouse first mission has become.

A more surprising twist as Ewanick things then took a massive thing for several British football teams, including powerhouse Manchester United sponsor announced.

But the marketing Czar was dropped weeks later and GM just suggested that there were irregularities in some stores, it is widely assumed had the problem with the way to do the soccer - or football, as Europeans prefer - much has been treated.

In recent months, GM has acquired a series of steps that some reversal of Ewanicks most important measures. The automakers emerged an unusual ad company Alliance, divided to take responsibility for the huge Chevrolet account.

In April, GM announced that it would launch a new test program to see whether Facebook could deliver on a new campaign.

Read More

GM is to run Delphi Powertrain business exec

DETROIT - General Motors has way senior veterans from its former parts arm of GM global engine and transmission operations run set.

The auto giant on Sept. 1 will join Steve Kiefer, who runs Delphi Corp. powertrain system. In addition to GM Powertrain business, leads, he will be also engine development. Jim Lanzon will remain as Vice President of global transmission.

The global Powertrain job is vacant, because Jamie Harding left the company in March 2011. Pine has also functions of the Sam Winegarden, head of engine engineering was globally.

The trade journal Automotive News said in July that Winegarden by GM was dismissed after irregularities with emissions performed on engines in India were discovered tests.

GM recognized problems with the tests and said that it would remind her 114,000 Chevrolet Tavera SUVs. The company said that it dismissed several employees in India and at its Pontiac, Michigan Powertrain operations due to violations of corporate policy.

Pine, 50, is a senior Delphi Vice President and since 2011 President of the company's Powertrain systems group.

He previously Delphi also held management positions at Lev GM parts worked arm before it was spun off as a separate company in 1999.

Read More

GM CFO says not yet expected dividend

TRAVERSE CITY, Michigan, Aug 8 Reuters)-General Motors co financial Chief said Thursday the U.S. based automaker has no current plans, payment of a dividend on its common stock, a move that many investors have longed.

"We pay no dividend at this point," Chief Financial Officer Dan Ammann told reporters on the sidelines of a Conference in Northern Michigan. "It is something what we on the road to expect." He gave no time frame.

CEO Dan Akerson said in June that the Detroit companies would a dividend and further share buy-backs going forward. He cited GM December to buy back of a block of U.S. equities for $5.5 billion and said GM could again take a similar approach.

In May 2008, GM last paid a dividend on common shares, and two months later said that it would suspend such payments. Weak demand then drove the company to seek bankruptcy protection in 2009 and a leaner operation with more money emerged on the one hand with the help of a $49.5 billion US taxpayer bailout.

GM pays a dividend on preferred shares. Rival U.S. automaker Ford Motor Co resumed, a common dividend in March 2012 after suspension of it for more than 5-1/2 years.

GM ended the second quarter with nearly $35 billion in total liquidity automobiles and analysts said it could start numbers is a dividend to common shareholders once again the US Government its share ended, who said it until April 2014 will happen. Treasury has still accounted for 13.8 percent of GM.

Ammann also said that the fall in the value of the Japanese Yen competitive challenges for GM in markets such as Southeast Asia and Australia has been created.

"We see more pressure on these markets than in the United States," he said.

In the second quarter took GM international operating unit, which include a $100 million to Asia, profit due to lower prices on vehicles hit.

Ammann focus in Australia GM Holden said his brand. The company ended recently, where the distribution of Opel-built vehicles. The Holden unit continues to a small number of vehicles for GM in the United States recently the 2014 Chevrolet SS sedan to deliver.

He said that GM of a cheap pricing environment not globally expected in the near future, but added that the company's profit margin would improve as it introduces more new products. New vehicles in the second quarter of GM benefits by about $400 million worldwide because of its ability, prices as it rolled out.

GM is in the middle of a major overhaul of its vehicle lineup, including the start of June, its newly-designed Chevrolet Silverado and GMC Sierra full-sized pickups.

Ammann called management turnover at the company is a "natural development." GM has several recent exits of executives, including the sudden resignation on Monday by Don Butler, who had been assigned in April, international neglected Cadillac seen.

Ammann offered in a speech on Thursday the first glimpse of the revised versions of the Chevy Colorado and GMC Canyon midsize pickups, GM will start building end next year at its plant in Wentzville, Missouri.

The smaller truck will join a lineup that includes new large trucks, to the profit of society so critical. GM said executives, offering a full range of trucks is key to its strategy for beating all kinds of truck buyers.

Read More