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General Motors News -  View All

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  • Tesla Breaks the Auto Dealer Cartel
    Tue, 16 Sep 2014 15:51:00 -0700
    It was not entirely surprising that Nevada last week ponied up $1.3 billion in tax breaks to win the business of Tesla Motors. State officials for decades have struggled to diversify an economy based on gambling and tourism, and the prestige of attracting the high-end electric-car company's massive new lithium battery factory was too great to resist. As Nevada lawmakers celebrated luring ...

Minority Dealers News -  View All

  • Rainbow PUSH Global Automotive Summit To Focus On Ethnic Inclusion
    Fri, 19 Sep 2014 07:00:00 -0700
    DETROIT, Sept. 19, 2014 /PRNewswire-USNewswire/ -- The Rainbow PUSH Automotive Project, an initiative of the Citizenship Education Fund, proudly announces its lineup of speakers for the 15th Annual Rainbow PUSH Global Automotive Summit. This year's theme is: "Driving Ethnic Inclusion in the Global Automotive Expansion." The Summit will be held Monday, Oct. 13, at the MGM Grand Detroit Meeting ...

  • Lawmakers poised to review $1.3B Tesla package
    Tue, 09 Sep 2014 21:56:24 -0700
    Gov. Brian Sandoval was poised to call state lawmakers into a special session Wednesday to consider an extraordinary package of tax breaks and incentives worth up to $1.3 billion to seal a deal with Tesla ...

  • Celcom’s Ebitda slips to RM846m in Q2
    Wed, 10 Sep 2014 02:17:34 -0700
    KUALA LUMPUR: Celcom Axiata Bhd's earnings before interest, tax, depreciation and amortisation (EBITDA) slipped to RM846 million in the second quarter (Q2) ended June 30, 2014 from RM896 million in the same quarter last year. Celcom in a statement today said data revenue, which is the telco's fastest growing segment, saw a double-digit growth of 10 per cent from the previous quarter. It said ...

Auto Sales News -  View All

  • Canadian vehicle sales drive toward record year
    Wed, 01 Oct 2014 14:36:41 -0700
    TORONTO (Reuters) - Auto sales in Canada looked headed toward a record year on Wednesday after a number of automakers broke September sales records. September marked the first time the Canadian market has operated at a seasonally adjusted annual rate of 2 million sales, according to a report from DesRosiers Automotive Consultants. The report added that the Detroit Three automakers also took back ...

  • September U.S. car sales show industry's torrid pace slowing
    Wed, 01 Oct 2014 11:08:32 -0700
    By Bernie Woodall and Paul Lienert DETROIT (Reuters) - U.S. auto sales in the third quarter were the best in eight years, but mixed September results from leading automakers on Wednesday indicated the industry's torrid summer pace is slowing. General Motors Co, Fiat SpA's Chrysler Group, Toyota Motor Corp, Honda Motor Co, Nissan Motor Co and Hyundai Motor Co all reported year-to-year sales gains ...

  • Truck deals boost US auto sales in September
    Wed, 01 Oct 2014 13:57:31 -0700
    Big discounts on pickup trucks kept U.S. auto sales strong in September. General Motors Co. and Chrysler Group led the industry with 19-percent sales increases over last September. Toyota sales rose 2 ...

  • Canadian auto sales on track for record year
    Wed, 01 Oct 2014 13:15:24 -0700
    Ford Motors says it continues its reign as Canada's top-selling automaker but GM Canada is experiencing a turnaround with a 34 per cent jump in sales since last year in September. On Wednesday, Chrysler Canada also reported a 20 per cent increase to 23,742 vehicles sold in September. The big three North American automakers say they are headed for a record year in 2014 in Canada and the U.S.

General Motors Dealers News -  View All

  • GM wins dismissal of lawsuit over its IPO
    Fri, 05 Sep 2014 09:25:18 -0700
    By Jonathan Stempel NEW YORK (Reuters) - General Motors Co has won dismissal of a shareholder lawsuit accusing it of padding sales around the time of its November 2010 initial public offering by quietly unloading vehicle inventory on its dealers. District Judge Laura Taylor Swain in Manhattan said the automaker disclosed in its IPO offering materials "all of the information necessary" about ...

  • GM reins in sale of Chevrolet Corvettes due to issues
    Fri, 12 Sep 2014 06:37:54 -0700
    DETROIT (Reuters) - Auto dealers were told to stop selling the 2015 Chevrolet Corvette and shipments were delayed from the General Motors plant that makes the hot-selling sports car while the company addresses two issues, GM said Friday. A public recall of the car wasn't issued, said GM, which didn't say if a recall later would be necessary. The company didn't say how many cars affected by these ...

  • GM went to great lengths to keep dealers informed, dealer lawsuit trial told
    Wed, 10 Sep 2014 15:24:51 -0700
    General Motors of Canada went to extraordinary lengths to keep its dealers informed about its restructuring plans in the aftermath of the financial crisis, a lawyer for the automaker told a Toronto courtroom Wednesday. GM lawyer Kent Thomson, in his opening remarks, said it was widely known through briefings, media coverage and meetings that GM's original restructuring plan had been rejected in ...