Posted in GM, Sports cars on Jan 26th, 2010
Dutch supercar company Spyker Cars has bought Saab from General Motors for approximately $74 million, according to Autoweek. After the proposed sale to a group led by Koenigsegg, another supercar company, fell through, it looked like Saab would join Pontiac and Saturn as a casualty of GM’s bankruptcy. As late as Monday, GM [...]
The best new car rebates and incentives for this month are on leftover 2009 models. Because of slower than expected sales over the past year, dealers are stuck with large stocks of unsold cars and truck from last year. Manufacturers are more desperate than ever to unload the remaining inventory of 2009 cars and trucks [...]
Posted in GM, Incentives on Oct 30th, 2009
General Motors is extending its vehicle return program into early 2010. GM says the money-back guarantee, named “May the Best Car Win”, is getting consumers to consider the automaker’s vehicles.
GM launched the campaign in September as a way to get consumers to try GM cars and trucks with minimal risk, the AP reports. Car buyers [...]
Posted in GM on Oct 29th, 2009
October is expected to be a big sales month for General Motors. The automaker will reportedly announce the first year-over-year sales gain in 21 months, CNNMoney.com reports.
When manufacturers announce their October sales figures next week, GM is also expected to announce that it has gained market share for the third month in a row, said [...]
Posted in Automotive, Chrysler, GM, auto loan on Oct 28th, 2009
GMAC Financial Services is in talks with the Treasury Department for another infusion of taxpayer money. GMAC, which provides auto loans and leases to car shoppers, faces a November deadline to raise an $11.5 billion capital cushion mandated by results of the government’s stress test, the AP reports.
The government gave stress tests to 19 banks, [...]
Posted in Automotive, GM on Oct 11th, 2009
Chinese company Sichuan Tengzhong Heavy Industrial Machinery Co. has agreed to purchase the Hummer brand from General Motors. Sichuan Tengzhong currently makes construction equipment, and Hummer will be its first foray into the passenger car market, according to Bloomberg.
“We are really looking to expand our global reach to tackle some of the high-growth markets, particularly the [...]
Posted in Automotive, Chrysler, Ford, GM, Incentives on Oct 4th, 2009
October is a good month to be a car shopper. If you’re going to finance a new car in October, you should definitely check out what the domestic automakers have to offer. All three of the American car companies are offering 0% interest car loans on most of their models.
GM is offering 0% [...]
Posted in Automotive, GM on Sep 30th, 2009
General Motors announced on Wednesday that it will be closing Saturn after a deal to sell the company to Penske Automotive fell through, according to the Associated Press. Penske Automotive had planned to keep Saturn’s current lineup until the cars were ready to be retired, then replace them with vehicles sourced from another [...]
Posted in Automotive, Chrysler, Ford, GM on Sep 3rd, 2009
With cash for clunkers over, carmakers are hoping to continue the high sales they saw last month by offering some great incentives on their new cars and trucks. We’re going to break down the best incentives being offered in the month of September by American car companies.
If you’re looking for a new car this month, [...]
Posted in Automotive, GM on Jul 16th, 2009
As the new GM tries to reinvent itself, one idea it hopes will spur sales is to sell its entire line of vehicles on eBay through a pilot program.
The program would most likely start in California and if it is a success, it could go nationwide, GM CEO Fritz Henderson said. The program with eBay [...]
