Archive for gm

The 2011 Cadillac CTS-V Coupe. “That’s A Cadillac?”

Posted in cars with tags , , , , , , , , , , , , , , , , , , , , , , , , , , on March 29, 2011 by AutoSpotters

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The question: What kind of car does it take to convince a busy, big-shot, world traveling attorney from the Northeast to catch the next flight to Texas just to go for a car ride?

The answer: A 2011 Cadillac CTS-V coupe.

What car comes to mind when you think about a coupe with 556 horsepower, 551 foot-pounds of torque, 0-60 mph in 3.9 seconds, ¼ mile in 12.3 seconds and an electronically limited top speed of 175 mph? Probably not a Cadillac, until now.

The 2011 CTS-V coupe is based on the CTS coupe that we drove a few months ago, and enjoyed. Rather than rewriting that review, this review will focus mainly on what the extra letter added to the name means – and it means a lot.


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GM CFO Chris Liddell To Step Down April 1.

Posted in cars with tags , , , , , , , , , on March 10, 2011 by AutoSpotters

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SAN FRANCISCO (MarketWatch) — The Microsoft guy who brought his much-needed financial chops to General Motors Co. when the Detroit auto maker needed them the most is on his way out after just a year on the job.

GM /quotes/comstock/13*!gm/quotes/nls/gm (GM 31.50, +0.08, +0.26%) , in yet another surprise shake-up, announced before the market opened on Thursday that CFO Chris Liddell will step down on April 1.

Taking his place is a 38-year-old Morgan Stanley alum. And investors don’t seem to like it one bit. The shares lost as much as 4% to $30.95 initially, carrying GM further from its $33 public offering price in November. The stock curbed its declines later in the day to close down 2.6% at $31.42

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Camaro LS7 Concept – Houston Auto Show

Posted in cars with tags , , , , , , , , , , , , , , on January 28, 2011 by AutoSpotters

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GM’s China Sales Pass US For First Time In History

Posted in cars with tags , , , , , on January 24, 2011 by AutoSpotters

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DETROIT (AP) — General Motors Co. sold more cars and trucks in China last year than it did in the U.S., for the first time in the company’s 102-year history.

Despite GM’s growth in China, Toyota Motor Corp. held onto the title of world’s largest automaker. The Japanese company reported 8.42 million sales worldwide last year. That’s 30,000 more than GM’s 8.39 million.

GM said Monday that it sold 2.35 million vehicles in fast-growing China, about 136,000 more than it sold in the U.S., with China sales surging 29 percent as an expanding middle class gained wealth. Sales in the U.S., including heavy-duty vehicles, rose 6.3 percent as GM continued to rebound from its 2009 stay in bankruptcy protection.
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The Chevrolet Suburban And The Shopping Center Door Ding Turns 75.

Posted in cars with tags , , , , , , , , on August 25, 2010 by AutoSpotters

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The Suburban is the industry’s longest-running model and is the first vehicle to reach 75 years of production.

One can only assume this is also the 75th anniversary of the shopping center door ding.

According to Chevrolet, the base price of the original, eight-passenger Suburban was about $675, or the equivalent of about $10,900 in 2010 dollars.

[photo credit: GM Press & google]

GM IPO: Could Be One Of The Biggest Ever.

Posted in cars with tags , , , , , , , , on August 18, 2010 by AutoSpotters

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Reuters has reported GM could raise up to $20 Billion in its IPO.

DETROIT – General Motors Company today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering consisting of common stock to be sold by certain of its stockholders and the issuance by the company of its Series B mandatory convertible junior preferred stock. …

Morgan Stanley and J.P. Morgan (representatives of the underwriters), BofA Merrill Lynch, Citi, Goldman, Sachs & Co., Barclays Capital, Credit Suisse, Deutsche Bank Securities, RBC Capital Markets, and UBS Investment Bank will be the joint book-running managers for the offering. … [GM PR]

Expect to see GM shares traded on the NYSE and TSE (Toronto Stock Exchange).

Trading in GM shares is expected to start between late October and the U.S. Thanksgiving holiday, which is the fourth Thursday in November, according to people involved in the process. A stock offering in late October would mean trading would start just before the November congressional elections.

The Obama administration wants to be able to cast the $50 billion GM bailout as a financial success in the face of public skepticism and Republican political opposition. [CNBC]

[photo credit: Motor Trend]

GM’s China Auto Sales Topped GM’s US Sales For The First Time.

Posted in cars with tags , , , , , , on July 2, 2010 by AutoSpotters

SHANGHAI (Reuters) – General Motors’ first-half sales in China, the world’s biggest auto market, exceeded sales in its home U.S. market for the first time, according to data released on Friday.

GM’s China auto sales jumped 48.5 percent to 1.21 million units in January through June, compared with the 1.08 million light vehicles it delivered in the U.S. over the same period, company data showed.

China overtook the U.S. as the world’s top auto market in 2009, helped by government incentives and a 4 trillion yuan ($590 billion) economic stimulus package.

GM’s June China auto sales rose 23.2 percent to 176,486 units. Sales of Shanghai GM, the Detroit automaker’s flagship car venture with SAIC Motor Corp, came to 71,782 units, up 18.9 percent on a year earlier.

Toyota Motor, a relative latecomer to China, sold 362,000 cars in the country in the first six months, up 27 percent. Its June sales climbed a more modest 8 percent to 61,000 cars, after labor disputes at a parts supplier interrupted production.

source: reuters