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GM CEO Akerson auctions 1958 Chevrolet Corvette for charity

Fri, 17 Aug 2012

General Motors CEO Dan Akerson is auctioning off his 1958 Regal turquoise Chevrolet Corvette for Habitat for Humanity Detroit. The proceeds will go to rebuild the Morningside Commons area of the lower east side of the city. Interested buyers can get a preview of the car during the Woodward Dream Cruise.

GM officially bankrupt

Mon, 01 Jun 2009

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

Ford to upgrade, extend warranty on MyFord touchscreen system

Thu, 29 Nov 2012

Ford Motor Co. will upgrade and extend the warranty by two years on its MyFord Touch system following a series of consumer complaints and poor reviews of the automaker's touchscreen entertainment and navigation system. Ford has improved the voice recognition capability and navigation in what it calls "version 3.5" of the software, Mark Fields, Ford's head of the Americas, said on Wednesday.