Wichita Business Daily - General Motors News

General Motors News

GM talking to banks about writing its loans, leases Saturday, July 10, 2010 @ 4:56PMGeneral Motors has decided against creating its own finance unit and instead is talking with banks including JPMorgan Chase, Bank of America and Wells Fargo about bolstering its lending capabilities, people with direct knowledge of the decision said.
Detroit automakers outpace industry gains Saturday, July 10, 2010 @ 4:54PMWhile sales of cars and trucks in the U.S. continue to be more sluggish than expected, automakers -- especially the Detroit Three -- are enjoying the largest increase in average transaction prices in more than five years.
Auto industry breathing easier after a rocky 2009 Saturday, July 10, 2010 @ 4:54PMOne year ago this week, General Motors emerged from Chapter 11 bankruptcy, 61% owned by U.S. taxpayers after having shed $78 billion in debt, four brands and 23,000 employees.
Business headlines: Ex-banker joins Ford board Saturday, July 10, 2010 @ 4:53PMFord said Thursday that former Bank of America CFO and Vice Chairman James Hance was elected to its board Wednesday. Hance, 65, retired from Bank of America in 2005 after 18 years with the company. He also is a senior adviser to the Carlyle Group and is Sprint Nextel's non-executive chairman.
Chrysler broadens 60-day return policy to most '10s Saturday, July 10, 2010 @ 4:53PMThe program begins today and includes most 2010 Chrysler, Jeep, Dodge and Ram truck models.
GM sells steering business Saturday, July 10, 2010 @ 4:51PMGeneral Motors has sold its Saginaw-based steering business, Nexteer Automotive, to Pacific Century Motors, a Chinese venture owned by a Beijing-based auto supplier and an investment and development arm of the Beijing government.
Auto headlines: MKX redesign certified by EPA Saturday, July 10, 2010 @ 4:51PMFord said Wednesday that its redesigned Lincoln MKX has been certified by the U.S. EPA with a combined fuel efficiency of 21 m.p.g., which puts it at the top of the midsize luxury crossover segment. Ford also said the 2011 Lincoln MKX offers 40 more horsepower than the outgoing model.
Flying high: Zip lining in the Metro Saturday, July 10, 2010 @ 9:32AMSee tall buildings up close. Fly high like a bird. Be like Superman—even for just two minutes.
Florida's First Natural Gas Vehicle Fueling Station Opens to Public Announces Wise Gas Saturday, July 10, 2010 @ 9:13AMFORT LAUDERDALE, FL - July 10, 2010: Wise Gas announced the official opening of Florida's first compressed natural gas (CNG) alternative fuel station open to the public.
Automotive 'Damsels of Design' Finally Move to Driver's Seat Saturday, July 10, 2010 @ 8:18AM60 years after GM's 'Damsels of Design,' men still dominate auto design. That's changing.
Today in History, Today is Saturday, July 10, 2010 Saturday, July 10, 2010 @ 7:34AMToday is Saturday, July 10, the 191st day of 2010. There are 174 days left in the year. On July 10, 1940, during World War II, the Battle of Britain began as Nazi forces began attacking southern England by air. (The Royal Air Force was ultimately victorious.)
The high price of being first to have it Saturday, July 10, 2010 @ 7:34AMEarly adopters, whether of new smart phones, electric cars or solar panels, help clear a path for mainstream consumers You've seen them camping outside stores in all kinds of weather. They are the early adopters, the people who are always first to buy a new product or try a new service, the ones who can't wait for the next shiny toy.
Holden recall: this time it's utes Saturday, July 10, 2010 @ 7:08AMHolden has announced a massive recall of almost 35,000 of its Commodore utes to repair a faulty tailgate that can spring open while the vehicle is moving.
Toyota, Tesla Ink MoU To Deliver 2 Prototype Electric Cars By Month-End: Reports Saturday, July 10, 2010 @ 6:56AMAccording to media reports Friday, Japanese Automaker Toyota Motor Corp. (TM) and U.S. electric carmaker Tesla Motors, Inc. (TSLA) agreed to work together to develop electric vehicles. The Memorandum of Understanding entails Tesla to deliver two rechargeable prototypes cars to Toyota by the end of this month.
Early birds flock to first versions Saturday, July 10, 2010 @ 6:32AMEarly adopters, whether of new smart phones, electric cars or solar panels, help clear a path for mainstream consumers You've seen them camping outside stores in all kinds of weather. You've seen them in coffee shops and on the train, attracting curious glances as they play with a sleek device.
Nikola Tesla's Renewable Energy Vision Saturday, July 10, 2010 @ 6:31AMWe should have listened to Nikola Tesla when we had the chance. At the height of his popularity as the key inventor who pioneered commercial electricity, Tesla cautioned the world of the inefficiencies of burning substances to generate energy, especially coal, the predominate fuel source of the day.
Left field Thursday, July 8, 2010 @ 12:15AMThe aspiring governor lounges inside a coffee shop in downtown Las Vegas, drinking juice from a bottle and explaining how his education plan will revive the state's failing schools. He doesn't have a bound report, or even an acronym -- just a few observations from a product of the system.
Chinese firm buys GM unit Thursday, July 8, 2010 @ 12:08AMGeneral Motors has reached a deal to sell its Nexteer steering business to a venture backed by Chinese companies. GM said Wednesday that it will sell the division to Pacific Century Motors for an undisclosed sum.
CAW Local 199 seeks buyer for its hall Wednesday, July 7, 2010 @ 11:22PMST. CATHARINES — A prominent Niagara union hall and banquet facility is up for sale. Members of the Canadian Auto Workers Local 199 have authorized their leadership to explore sale options for their large facility on Bunting Rd.[...]
Longtime pastor dies after 52 years serving the Lord Wednesday, July 7, 2010 @ 11:07PMBY PHIL FOLEY 810-452-2616 • PFOLEY@MIHOMEPAPER.COM LAPEER — The man known to many as “the county’s pastor” returned to the home office last Tuesday. read more
Lieser column: Deyak earns trip to MGA men's amateur tournament Wednesday, July 7, 2010 @ 10:37PMWapicada Golf Club hosted the Minnesota Golf Association (MGA) Men's Amateur qualifying on June 23. A talented field of 76 golfers attempted to acquire one of the 16 coveted spots in this month's 107th Amateur to be held July 19-21 at demanding Dacotah Ridge Golf Club in Morton.
GM Reaches Agreement with Pacific Century Motors on the Sale of Nexteer Automotive Wednesday, July 7, 2010 @ 1:14PMDETROIT, July 7, 2010; General Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and an affiliate of the Beijing Municipal Government, today announced they have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM. Terms of the sale were not disclosed.
Research and Markets: General Motors Corporation - SWOT Framework Analysis - 2010 Wednesday, July 7, 2010 @ 1:13PMSWOT Analysis, is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture.
MathWorks Presents Modeling Award To Ohio State University at EcoCAR Challenge Wednesday, July 7, 2010 @ 1:13PMNATICK, Mass.--MathWorks today announced Ohio State University has won the MathWorks Crossover to Model-Based Design Award 2010. Ohio State was chosen out of 16 student teams from the U.S. and Canada for their excellence in using Model-Based Design tools, including MATLAB and Simulink, to build an advanced technology vehicle during the second year of the EcoCAR: The NeXt Challenge competition.
LaHood criticizes driver distraction lobbying push Wednesday, July 7, 2010 @ 12:58PMWASHINGTON (AP) - Transportation Secretary Ray LaHood criticized a fledgling lobbying campaign on Wednesday which he said would undermine his work to limit drivers' use of cell phones and other electronic devices while behind the wheel.
GM sells steering unit to Chinese firm Wednesday, July 7, 2010 @ 12:52PM* GM sells Nexteer Automotive, former Delphi steering unit
GM Agrees to Sell Nexteer to Pacific Century Motors Wednesday, July 7, 2010 @ 12:51PMGeneral Motors Co., the largest U.S. automaker, agreed to sell its Nexteer Automotive steering-parts unit to Tempo Group and an affiliate of the Beijing government. Sale terms weren’t disclosed. The price may be about $450 million, said a person familiar with the matter, who asked not to be identified because the talks were private. The deal is expected to close this year, GM said in a statement.
DE ALWIS WANIGASEKARA MANEL LAKSHMI Wednesday, July 7, 2010 @ 12:47PMwife of the late Stanley Wanigasekara mother of Doreen (UK), Christine, Lakshmi, Lasantha (Agricultural & Agrarian Insurance Board - Matara), Chrishanthi (ACL Cables), Eric, mother-in-law of Geetha and Ramani, sister of Rani, late Irangani and Lakshman (Bank of Ceylon), expired.
GM To Sell Nexteer To Chinese Company Wednesday, July 7, 2010 @ 12:45PMGeneral Motors has announced it will sell Nexteer Automotive to Beijing-based Pacific Century Motors, which manufactures auto components for car companies worldwide.
GM reaches sale deal for Nexteer Wednesday, July 7, 2010 @ 12:45PMGeneral Motors and Pacific Century Motors (PCM), an entity formed by The Tempo Group and an affiliate of the Beijing Municipal Government, today announced they have reached an agreement for GM to sell GM Global Steering Holdings, LLC, commonly known as Nexteer, to PCM.
US tax hikes: Wednesday, July 7, 2010 @ 12:38PMInstant austerity may not be the best answer. If the US Congress doesn’t act, tax cuts from 2001 and 2003 will expire at year’s end.
A General Overview of the Industrial Electrical Equipment Space Wednesday, June 30, 2010 @ 8:27AMJOHANNESBURG, SOUTH AFRICA--(Marketwire - June 30, 2010) - www.rothmanresearch.com - The recessionary period of 2008 and 2009 had a deep impact on the U.S. manufacturing industry and auto industry, however, there have been some encouraging signs of recovery in the first part of this year. With the manufacturing sector indicating that economic activities were picking up ...
Obama attacks GOP over Wall Street bill Wednesday, June 30, 2010 @ 8:25AMConfronting public pessism about the economy, President Barack Obama says the U.S. faces a choice between returning to what he calls failed economic policies of the past, or moving forward.
Ford Motor to repay $4B more in debt Wednesday, June 30, 2010 @ 8:20AMFord Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to show signs of financial strength.
Ford Motor to repay $4 billion more in debt Wednesday, June 30, 2010 @ 8:19AMDETROIT (AP) – Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to show signs of financial strength. read more
Ford Motor to repay $4bn more in debt Wednesday, June 30, 2010 @ 8:14AMFord Motor to repay $4bn more in debtFord Motor to repay $4bn more in debt
10:40am: Ford to repay more debt Wednesday, June 30, 2010 @ 8:13AMDETROIT (AP) - Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to show signs of financial strength. The Dearborn, Mic.
Japan's Big Four Car Makers Issue Over 100,000 Recalls Wednesday, June 30, 2010 @ 8:02AMRecall due to defective air bags and seat belts is traced back to single supplier
Ford Motor to repay $4B more in debt Wednesday, June 30, 2010 @ 8:01AMTOM KRISHER AP Auto Writer DETROIT (AP) — Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to
VIDEO from Synaptic Digital and General Motors: Are Flex Fuels the Future? Wednesday, June 30, 2010 @ 8:00AMAs the largest oil spill in U.S. history continues to leak into the Gulf of Mexico, the argument for domestically produced alternative fuels, like ethanol , is back on. Â
Cross Country Automotive Services Names Jack Bowen as Chief Marketing Officer Wednesday, June 30, 2010 @ 8:00AMCross Country Automotive Services , one of the largest providers of driver and vehicle assistance services in North America, today announced that Jack Bowen has joined as senior vice president, general manager â Automotive Services and as chief marketing officer.
Q&A: Mike Terrell Tuesday, June 29, 2010 @ 10:21AMIt's somewhat quiet on a Tuesday in late June at Warren Dunes State Park near Sawyer. But come July, Park Manager Mike Terrell knows the park will be packed on weekends, cars with plates from Illinois and Indiana lined up in long rows in the three lots not far from Lake Michigan.
GM chairman expresses confidence a year after bankruptcy Tuesday, June 29, 2010 @ 10:20AMCHICAGO -General Motors chairman Ed Whitacre expressed confidence Tuesday in the automaker's future nearly a year after it emerged from a government-financed bankruptcy filing.
GM To Offer New Vehicles To Foreign Markets Tuesday, June 29, 2010 @ 10:18AMAutomaker plans to have 70 new or redesigned vehicles available by 2014.
Archimedes' flaming death ray was probably just a cannon, study finds Tuesday, June 29, 2010 @ 10:14AMArchemedes' burning mirror, a device that was thought to concentrate the sun's rays into a laser beam that repelled an invading Roman fleet in 212 BC, was more likely a steam cannon, new research suggests.
Tesla IPO Opens at $19 Tuesday, June 29, 2010 @ 10:13AMTesla has been trading at $19 a share just minutes after its shares became active on the NASDAQ.
Ford stock drops on sales estimates Tuesday, June 29, 2010 @ 10:10AMDEARBORN - Ford’s stock price dropped 48 cents this morning to $9.95 a share following reports that industry sales were sluggish in June and as the company faces a Wednesday deadline to make an $860 million payment to a UAW retiree trust fund.
Sales boom for Cummins Tuesday, June 29, 2010 @ 10:05AMCummins Inc., the Columbus, Ind.-based maker of diesel truck engines and generators, expects to boost India sales about 40 percent this year as economic growth spurs road traffic and demand for electricity.
GM Selling Vehicles at Higher Prices in Preparation for its IPO Tuesday, June 29, 2010 @ 10:02AMGeneral Motors Co., preparing for an initial public offering as soon as the fourth quarter, said U.S. consumers are paying more per vehicle than last year when the automaker was under bankruptcy court protection.
US midday: Consumer confidence hits Dow Tuesday, June 29, 2010 @ 10:01AMLONDON (SHARECAST) - US shares are on the slide due to poor consumer confidence figures and worries about the world economic recovery. US consumer confidence figures were disappointing. The consumer confidence index slumped from 62.7 to 52.9, compared with expectations of a small decline.