DETROIT, March 14 (Reuters) – General Motors Co is
planning to build an entry-level Chevrolet Corvette that would
cost less than $50,000 and widen the iconic sports car brand’s
appeal, people familiar with the plans said.
The No. 1 U.S. automaker is looking at bringing out the less
expensive model in mid- to late- 2015, according to the people,
who asked not to be identified discussing future product
DETROIT, March 8 (Reuters) – R.L. Polk & Co, owner of
used-car history provider Carfax and a leading provider of auto
industry data, is exploring its options, including selling the
company or taking it public.
The suburban Detroit company has hired New York investment
banking firm Evercore Partners to explore its options, which
could include a sale, an initial public offering or
acquisitions, Polk Vice President Lonnie Miller said.
HOUSTON/DETROIT, March 6 (Reuters) – General Motors Co
aims to save fuel by trimming the weight of its vehicles
even as it develops electric cars with a driving range of up to
200 miles to eliminate the need for gasoline altogether, the
U.S. automaker’s chief executive said on Wednesday.
Dan Akerson also revealed at a conference of energy
executives and investors in Houston that GM’s new Spark EV would
have a range of 75 miles to 80 miles (120-129 km) without a
charge – double the electric-only range of its Chevrolet Volt
plug-in hybrid. The Spark is due to go on sale this summer.
DETROIT (Reuters) – General Motors Co reported a 7.0 percent gain in U.S. auto sales in February, beating several analyst estimates on the strength of its crossover models and pickup trucks, while U.S. rival Ford Motor Co posted a slightly weaker-than-expected 9.0 percent gain.
GM sold 224,314 cars and trucks last month. Sales of its Chevrolet Silverado pickup trucks jumped nearly 30 percent, while its Chevrolet Equinox mid-size crossover rose 16 percent.
DETROIT, Feb 14 (Reuters) – General Motors Co
reported a weaker-than-expected fourth-quarter profit on
Thursday, citing wider losses in Europe and lower vehicle prices
in its core North American market.
The largest U.S. automaker also took an accounting change in
the quarter intended to signal confidence that it will continue
to be profitable in coming years.
DETROIT (Reuters) – Goodyear Tire & Rubber Co (GT.O: Quote, Profile, Research, Stock Buzz) posted a stronger-than-expected quarterly profit on Tuesday but cut its 2013 forecast due to weakness in the European automotive market, sending its shares down nearly 3 percent.
Chief Executive Officer Richard Kramer said Europe’s economy continues to worsen, and the top U.S. tire maker lowered its full-year forecast for segment operating income, the combined results of the company’s four business units.