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OnStar to be sold separately
Tue, 04 Jan 2011Not sure what to do with those extra Best Buy gift cards left over from the holidays? Consider picking up OnStar as a stocking stuffer for next year. General Motors will sell its safety and communications technology in mirror units available at Best Buy starting in the spring.
Kia to show KND-7 concept at CES in Las Vegas
Tue, 07 Jan 2014Even though just a few years ago cars weren't a prominent part of the annual Consumer Electronics Show in Las Vegas, it is now an event filled with automakers and their concept cars. And for the 2014 edition of the massive show, Kia will bring their KND-7 concept. The KND-7 features a 1.6-liter turbocharged GDI (gasoline direct injection) four-cylinder engine good for 201-hp, along with cheeky exterior design.
Crunch watch Mar 09: the auto industry in crisis
Tue, 31 Mar 2009By Ben Pulman and Tim Pollard Motor Industry 31 March 2009 13:48 Tuesday 31 March 2009• Porsche said that its earnings before tax rose to €7.3 billion in the six months to the end of January – including a €6.8bn windfall from its VW share options (Financial Times)• Fritz Henderson, GM's president and chief operating officer, will step up to replace Rick Wagoner, who was ousted on Sunday as CEO of General Motors (Financial Times)• President Obama is essentially CEO-in-chief of GM – despite not owning a single cent of stock, says Detroit News commentator (Detroit News)• German chancellor Angela Merkel gives assurances that any would-be investors in GM's European arm will be given state support. Opel is asking for €3.3 billion in aid – and up to 25,000 jobs in Germany depend on it, with up to 300,000 jobs across Europe including Saab and Vauxhall (BBC News)Monday 30 March 2009• General Motors' chief executive Rick Wagoner has been ordered to resign by US president Barack Obama with immediate effect. It's part of Obama's administration's critique of GM and Chrysler's turnaround plans – he's understood to be unhappy with the plans submitted (BBC News)• New GM non-executive chairman Kent Kresa has admitted that at the company's next general meeting it will have 'a majority of new directors' (General Motors)• Chrysler will receive US government aid for the next 30 days, but the Obama administration has said that if the company cannot secure a tie-up with the Fiat Group within that time period it will not receive any more money from the taxpayers and could go into liquidation.