It has been reported that Penske will send out about 350 letters to Saturn dealers in connection with an offering to work with the new owner. The Penske Automotive Group recently win acquired the Saturn brand from GM, where the final documents will be sorted out by the third quarter of this year. “This doesn’t require them to sign an agreement,” spokesman...

The new General Motors in the US will consist of Chevrolet, Cadillac, GMC and Buick. It was said that the Holden brand will not be sold. “I can’t say forever because some day when I’m not here, and more perhaps when someone may have that idea, but we have not been approached, nor have we been offered, nor are we pursuing any sale of Holden,” said Mark...

The big bad General has said that their Pontiac LS3 V8-powered G8 GXP will not be available in other brand in the future, which means that if you’re eyeing this, now is the time to buy it. Recently there was an online web chat with the new GM CEO, Fritz Henderson, where someone asked about the G8 GXP. The user asked if the model would be sold under the...

Holden are a Australian brand which falls part of the General Motor group. The Holden brand will not be too effected by the Chapter 11 bankruptcy, and this means that the company in OZ can go a head and create new cars for their home market. With this being said, the Australian brand will create a new hatchback version of the Cruze sedan, and it will be created...

We recently reported about General Motors selling the HUMMER brand. When we reported about that we had no information on who would actually put money towards HUMMER. Well, things have changed, and we now know that Chinese buyer Sichuan Tengzhong Heavy Industrial Machinery Co. will buy the brand. Below is the full release where it says that the Chinese firm is...

So keeping in relation to the topic of the day, General Motors. It’s been said that the newly bankrupt automaker has got all of its products and technologies on track for the future. The new gm will continue with their key vehicle launches for the remainder of 2009 and also 2010. The key launched will include the 2010 Chevrolet Camaro, 2010 Buick LaCrosee,...

The big cheese, General Motors, has announced that they have signed a Memorandum of Understanding with a buyer for their HUMMER division. At the moment there are no details on the name, or the financial terms of the agreement, but it was said that this transaction should take place by the third quarter of 2009. With this deal it was said that GM will secure more...

It seems as if Holden, a brand of General Motors, has escaped a bit of bankruptcy. The automaker based in Australia and New Zealand will continue in normal operations. Holden is not directly affected by GM’s bankruptcy in the US. “We don’t anticipate this decision will have any direct impact on Holden’s workforce, dealers, or suppliers,”...

General Motors will officially file for bankruptcy this morning as they have now run out of funds to continue. It was said that the fast-track bankruptcy should be completed in about 60 to 90 days, and this means that the automaker will get about $30 billion of additional taxpayer money to restructure a company which will compete with foreign automakers. The...

General Motors have officially reported that they will not import cars from China, as they would rather build the small cars in the U.S. plants in and around the country. The automaker said that they will still choose the building site of the small car. The company did not release any news on which mini car was being spoken about, but everything does point towards...

It’s been confirmed that General Motors will receive more cash from the government. The amount they will receive this time around will total up to $30 billion and this means that the soon-to-be bankrupt company will be reformed with a good capital. The reports have said that the GM will only have to pay $8 billion back to the government as the difference...

A one of a kind -slash- first in the world kind of convertible has made its mark at the Top Marques Monaco Show which was in April. The car is the Savage Rivale Roadyacht GTS which is pretty much a four-door, coupe-convertible supercar. This mix-breed is pretty much just based on Corvette and it features a supercharged LS7 engine with 670 horsepower and 538lbb-ft of torque....

General Motors are trying to move forward with the development of a workable compression ignited petrol engine. This idea is basically a diesel-based petrol engine. The project is called the HCCI or Homogenous Charge Compression Ignition (yup, HCCI is better) engine and if it is successful there will be a blast of new engines which will kill the conventional...

General Motors are heading down the hill into bankruptville, but despite the mudslide speeding up they have still announced that Cadillac will see two important sales. What sales will they company see? Well, it’s the 2010 Cadillac SRX and the CTS SportWagon of course! The soon-to-be-bankrupt company has announced a $34,155 price tag for the 2010 SRX. On...

General Motors have created a ‘brand new’ limited edition Corsa. Although they might call it brand new, we do not really think it’s that new. Last year GM revealed a Corsa which was designed by trainees, and that model looks very familiar to their new limited edition which features a few less details this time around. Opel’s new limited...