Though Toyota spent the last year in the spotlight with recall after recall, it certainly isn’t the only company to suffer automobile troubles in 2010. According to an article with USAToday.com, General Motors recalled over one million Chevrolet Cobalt models and Pontiac G5 models due to power steering system issues. The National Highway Traffic Safety […]
When General Motors went bankrupt, not only were direct employees affected. As the car giant slowly pays back the government for the major bailout , GM is also making sure to fix ties abruptly severed during the fallout. An article on freep.com shared that General Motors has reconnected with Stillwater Mining Company, who supplied GM […]
As we have learned during this recession, our economy is a densely woven quilt, each major company a square tied to the other. Our government recognized this pattern when choosing to bail out General Motors with a large loan during the lowest part of the recession cycle. President Barack Obama came into term after Bush […]
With much abuzz around General Motors return to the stock exchange after their downfall and a gigantic bailout from the U.S. government, the country was watching in late November to see how the first day was going to go. According to an article found on freep.com, the day couldn’t have gone better for GM. The […]
In America, when a consumer sees GM, we know cars are involved. However, in Canada, GM has been taken over by a totally different kind of company. According to an article with the Detroit Free Press, a Canadian company called Geo Minerals is known in the Canadian stock exchange. Apparently, the moniker was offered to […]
Plans are being made for electric car batteries after their shelf life ends, even before the cars are on the road. Detroit Free Press reported on this phenomenon in late September. General Motors plans to launch the Chevrolet Volt in November, using batteries as the main supply of energy for the car. Reportedly, GM is […]
Consumers look for many things when purchasing a car – safety being priority, no matter what model the car may be. Car companies know this, and recall cars when there is a part that may cause unnecessary injury. This may seem like a hassle to some, but important for the owner to do so regardless. […]
Yesterday, it was announced the recession has officially been over for a year – with four consecutive quarters of growth as the deciding factor. The recession also seems to be over for General Motors, a company hit hard during the economic crisis of the past years. An article on Detroit Free Press announces GM’s return […]
Vice President Joe Biden is lending the automotive industry hope. Biden recently visited a Chrysler assembly Center, reviewing the sector of GM and talking with workers. 67% of GM was bought by the U.S. government as part of a survival bailout program for $50 billion dollars, according to an article from freep.com. Reportedly, GM already […]
