Since 2007, when GM had to sell their financing company, GMAC, they have had a somewhat tougher time leasing and selling their vehicles to people with less than optimal credit. In the past when they owned their own financing company, they were able to approve customers that had a bad credit rating which was caused [...]
I have seen many decisions and strategies over the years by car makers that left me thinking “are you drunk?” However, GM’s most recent new car made me think that same thing once again. I have actually been fairly impressed with GM over the last two years or so because they seemed to be headed [...]
Many people may not be aware of an option that car buyers have on certain makes, mostly because most people can not afford these particular makes. If you were to buy a new Ferrari, some BMW’s and other cars, then you are given the option to go to the factory in Italy or Germany and [...]
There is an emerging and growing trend that more and more big companies are adopting. I recently read a report in the New York Times (click here to read it) about GM investing $100 million and starting a venture capital firm for start-ups in the field of renewable energy and other advanced technologies. This follows a similar [...]
Early on in 2009, when the world economy was in shambles and North Americans feared the worst, the big three domestic auto makers came knocking. GM, Ford and Chrysler were all in bad shape and needed the governments of U.S. and Canada (mostly the U.S. though) to bail them out. They figured it was a [...]
GM is announcing a new hybrid SUV that will be based on the Chevy Volt (coming later this year). Like the Volt, the Volt MPV5 (I know, the name sucks) will travel a limited amount of distance on electric power alone. This crossover/SUV will be able to travel about 32 miles or 51 kilometers without [...]
GM is doing a lot better these days than they did in 2009. They have new and exciting products that are arriving shortly and have a lot of positive publicity surrounding them currently. They are also seeing better sales and interest in their products overall, according to a top executive for the domestic car maker this week.
GM has [...]
Nissan announced a recall for about 540,000 of their vehicles on Wednesday for two separate problems with their cars that have not caused any injuries or deaths. This comes only one day after GM issued a recall (see yesterday’s post for more details on it) for 1.3 million of its cars. Don’t you find it [...]
On Tuesday, GM announced a recall for about 1.3 million vehicles in North America. Models include the Chevrolet Cobalt and various Pontiacs (depending on the country you’re in). The reason is for a faulty power steering problem that can make it hard to maneuver. No deaths have been reported from these problems and they do not [...]
GM announced Wednesday that it was closing down the Hummer brand after it failed to complete its sale to a Chinese firm. Although they promised to honour existing warranties for the ones still on the road, this will mark the end of the famous and infamous brand.
Hummers became very popular in the 90’s and up [...]
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