General Motors Company (NYSE:GM)’s compensation fund for the victims of accidents resulting from a faulty ignition switch has started making offers for the valid claims. The company made compensation cash offers to as many as 15 people during this week. As of now, General Motors Company (NYSE:GM) has received 850 claims until last Friday including…
JP Morgan Favors Ford Motor Company (F) and General Motors Company (GM) Instead Of Tesla Motors Inc (TSLA)
Tesla Motors Inc (NASDAQ:TSLA) could be having all the flair in the business, but JP Morgan’s still considers it inferior stock compared to both General Motors Company (NYSE:GM) and Ford Motor Company (NYSE:F). This is partly because the risks associated with the stock aren’t known to investors thus saying they still remain cautious of it.…
General Motors Company (GM) Recalls 221,558 Cadillacs and Impalas as Chrysler Group LLC Recalls 188,723 SUVs
Government reports indicate that General Motors Company (NYSE:GM) has recalled Cadillac XTS and Impala Sedans over parts that can be potentially harmful to users. The report shows that the brake pads can stay partly engaged even when not engaged by the driver. This, the company says in its recall application, could generate heat at the brake…
General Motors Company (GM) Increases Production of Midsized Pickups Due To High Initial Orders
General Motors Company (NYSE:GM) is adding a new shift to its Missouri plant, following the high demand for its new midsized pickups, 2015 Chevrolet Colorado and GMC Canyon. The pickups, which began shipping this week, are however going into a market that’s not clearly defined. Some other automakers such as Ford and Chrysler that were…
General Motors Company (GM) Ordered By U.S. District Court to Supply Documents Relating to Faulty Ignition Cases
General Motors Company (NYSE:GM) has failed in its efforts to delay discovery regarding cases involving the recall of millions of cars reported to be having faulty ignition keys. In a ruling made by a U.S. District Judge Jesse Furman in Manhattan, the judge ordered recovery to begin and asked GM to supply relevant documents to…
General Motors Company (GM) Announces 4G Wi-Fi on Its Chevy Models
Drivers and passengers can now access 4G LTE Wi-Fi internet, thanks to General Motors Company (NYSE:GM) division Chevrolet’s assertion that several of its models have been fitted with the connection. According to information on the company website, the new General Motors Company (NYSE:GM) service is “fast, easy and reliable” and is capable of supporting up…
General Motors Company (GM) to delay Chevrolet Corvette Shipments for Technical Glitches
According to an announcement from General Motors Company (NYSE:GM) on Friday, the company asked car dealers to hold the shipment for Chevrolet Corvette because of two technical issues. As many as 800 Corvettes are said to be affected by the delay because of faulty parking brake cables, as one of these cables are reportedly not…
General Motors Company (GM)’s China Unit to Recall 38,328 Cadillacs for Faulty Break Software
After China’s quality watchdog pointed potential issues with the braking software of General Motors Company (NYSE:GM)’s Cadillacs, the company has recalled 38,328 cars manufactured between October 2012 and July 2014. China’s General Administration of Quality Supervision, Inspection and Quarantine pointed out potential risk from the brake control software. Shanghai General Motors Co, Chinese joint venture…
General Motors Company (GM)’s Technology Leap Takes the Form of Automated Driving
How would you feel driving a car that would not require you to handle the steering wheel or even change gears? You need not wait for too long because such a model is likely to be available in 2016 if the statement made by Chief Executive of General Motors Company (NYSE:GM), Mary Barra is to…
General Motors Company (GM),Toyota Motor Corp (TM), and Honda Motor Co Ltd (HMC) Saw Fall in Electrical Car Sales in August Against Market Predictions
Electric and Hybrid car manufacturers such as General Motors Company (NYSE:GM), Toyota Motor Corp (ADR) (NYSE:TM), and Honda Motor Co Ltd (ADR) (NYSE:HMC) plus many market analysts have been surprised by the reduction in car sales this year compared to last year. According to MarketWatch, the sales through August this year stands at 3.6% of…