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GM officially bankrupt
Mon, 01 Jun 2009GM 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).
Chevrolet debuts police-spec Silverado 1500 Crew Cab
Wed, 30 Apr 2014Chevrolet has rolled out the Silverado 1500 Crew Cab Special Service Vehicle meant for law enforcement use, and this truck has a few tricks up its sleeve. The SSV package on the Silverado 1500 Crew Cab is coupled with 1W and 1LS trim levels, with the trucks using the 5.3-liter EcoTec3 V8 producing 355 hp and 383- lb-ft of torque, all while returning as much as 23 mpg on the highway. Things get a little more serious with the addition of a 170-amp high-output alternator and 730-CCA auxiliary battery, which allows occupants to operate the computers, cameras, radios, and emergency lights on the truck.
Fisker delays Atlantic production start to 2014-2015
Tue, 16 Oct 2012Fisker Automotive will start production of the Atlantic in late 2014 or 2015, according to a Reuters report. That's two years later than the planned production start of the midsized gasoline-electric sedan. “The Atlantic is really the volume car that begins to build growth,” Fisker CEO Tony Posawatz said during a conference call with investors and analysts.