DETROIT (Reuters) – The auto industry continued its poor performance in an influential U.S. safety group’s new crash test as half of the small cars tested did not fare well.
Six of the cars tested, most of which were 2013 models, were rated “poor” or “marginal.” General Motors Co’s Chevrolet Sonic and Cruze each received marginal scores, while Kia Motors Corp’s Soul and 2014 Forte were rated “poor” in the results released on Thursday by the Insurance Institute for Highway Safety.
DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) and Daimler AG (DAIGn.DE: Quote, Profile, Research, Stock Buzz) on Tuesday amped up the electric-car price war, announcing significant price cuts aimed at boosting demand in a still-sluggish segment of the U.S. auto market.
GM slashed $5,000 from the price of its 2014 Chevrolet Volt plug-in hybrid, while Daimler announced a steeply discounted monthly lease price of $139 on its 2013 Smart Fortwo Electric Drive.
DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) said on Friday it has split the critical China operations from its international unit, which will now be run by the former chief executive of Swedish automaker Volvo.
Tim Lee, who has led the international operations unit for almost four years, was named chairman of GM China and retains his position as global chief of manufacturing.