General Motors

Hoping for a buyback, some dealers are scooping up Chevy Bolts despite battery issue

Hoping for a buyback, some dealers are scooping up Chevy Bolts despite battery issue

The reputation of all-electric Chevrolet Bolt EV has been marred by battery fires over the past few months, forcing General Motors (GM) to recall thousands of units of the EV.

Faulty air-bags cause 303 deaths in GM cars: watchdog group says

More than three hundred drivers and front-seat passengers died in accidents due to faulty air bags system in two models of General Motors (GM) that the auto giant recalled around a month back, a watchdog group said.

The Friedman Research Corp. reviewed the air bag failures in GM cars from model years 2003-2012, and found that a total of 303 people died after the air bags in their cars failed to deploy. Friedman Research Corp. was commissioned by consumer group Center for Auto Safety.

GM recalls 44,000 Chevrolet Malibu cars in North America

American automobile giant General Motors Co (GM) has confirmed a recall of more than 44,000 units of 2014 Chevrolet Malibu in North America for fixing a technical glitch that can cause the cars' window-defrosters to malfunction.

The computer-controlled ventilation system of the Chevrolet Malibu sedans has been found reverting to the previous setting when the driver select the defrost setting, which could leave the vehicle’s windshield fogged.

Next-generation Chevrolet Corvette to boast new, high-tech V-8 engine

On Wednesday, Chevrolet brand owner, General Motors (GM), unveiled the new, high-tech 6.2-liter V-8 engine for the company's next-generation model of Chevrolet Corvette.

The engine of the new Corvette model - which will be introduced at the North American International Auto Show in Detroit in January 2013 - will replace the existing 6.2-liter powerplant of the 2013 Corvette; and will be the first of the fifth generation of GM's "small block" V-8 engines.

OnStar developing ‘EcoHub’ app for Chevrolet Volt owners

In a recent announcement, Chevrolet has revealed that General Motors' (GM) OnStar team is developing a new app - dubbed `EcoHub' - for the Volt plug-in hybrid, to help the owners determine the costs involved in charging up their vehicles.

Total value of General Motors’ IPO reaches $23.1 billion

According to a recent statement by General Motors (GM), the total value of the company's common and preferred shares in its initial public offering (IPO) has reached $23.1 billion, largely because of the fact that the underwriters exercised the option to purchase addition stock.

Further revealing that the underwriters - which included investment banks Morgan Stanley, JPMorgan Chase, Citigroup, and Bank of America Merrill Lynch - have exercised their over-allotment of an additional 71.7 million shares of common stock, GM said that the value of the additional shares was $2.37 billion.

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