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Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.

Continue reading General Motors Withdraws $14 Billion Federal Loan Application

General Motors Withdraws $14 Billion Federal Loan Application originally appeared on DailyFinance on Thu, 27 Jan 2011 15:21:00.

Filed Under: Company News, Economy, Ford Motor Co, General Motors, Autos

General Motors unveiled plans Thursday to build a new compact Buick sedan at an idled plant in Michigan that once built Pontiacs. The automaker will invest $145 million to retool the Orion Assembly plant, which will build the new Buick Verano sedan as well as a yet-unnamed small Chevrolet car, GM said during a press briefing at the plant, about 40 miles north of Detroit.

Continue reading GM Unveils Plans for New Compact Buick Sedan

GM Unveils Plans for New Compact Buick Sedan originally appeared on DailyFinance on Thu, 07 Oct 2010 15:25:00.

Filed Under: Company News, Economy, General Motors, Autos

The thrifty new small car replaces the underwhelming Chevy Cobalt, a model that had a hard time competing with the likes of Toyota’s Corolla and Ford’s Focus, new versions of which are due in coming months. A manual transmission model will have a 40-mpg highway rating.

Continue reading GM Pins Big Hopes on New Chevy Cruze

GM Pins Big Hopes on New Chevy Cruze originally appeared on DailyFinance on Thu, 09 Sep 2010 08:30:00.

Filed Under: Company News, Technology, Economy, Honda Motor Co, Ford Motor Co, Toyota, General Motors, Autos