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Posts Tagged ‘General Motors’

Recall issued for the 2012 Buick Regal.

Posted in cars on March 13th, 2012 by admin

autospotters.com

General Motors has issued a recall for 3,633 Buick Regals built between February 22, 2011 and February 22, 2012.  At issue are faulty parking lights – meaning they may not turn on. Click HERE to see the Autospotters.com review of the 2012 Buick Regal GS

The official National Highway Traffic Safety Administration statement reads in-part:
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GM CFO Chris Liddell To Step Down April 1.

Posted in cars on March 10th, 2011 by admin

autospotters.com

SAN FRANCISCO (MarketWatch) — The Microsoft guy who brought his much-needed financial chops to General Motors Co. when the Detroit auto maker needed them the most is on his way out after just a year on the job.

GM /quotes/comstock/13*!gm/quotes/nls/gm (GM 31.50, +0.08, +0.26%) , in yet another surprise shake-up, announced before the market opened on Thursday that CFO Chris Liddell will step down on April 1.

Taking his place is a 38-year-old Morgan Stanley alum. And investors don’t seem to like it one bit. The shares lost as much as 4% to $30.95 initially, carrying GM further from its $33 public offering price in November. The stock curbed its declines later in the day to close down 2.6% at $31.42

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GM’s China Sales Pass US For First Time In History

Posted in cars on January 24th, 2011 by admin

autospotters.com

DETROIT (AP) — General Motors Co. sold more cars and trucks in China last year than it did in the U.S., for the first time in the company’s 102-year history.

Despite GM’s growth in China, Toyota Motor Corp. held onto the title of world’s largest automaker. The Japanese company reported 8.42 million sales worldwide last year. That’s 30,000 more than GM’s 8.39 million.

GM said Monday that it sold 2.35 million vehicles in fast-growing China, about 136,000 more than it sold in the U.S., with China sales surging 29 percent as an expanding middle class gained wealth. Sales in the U.S., including heavy-duty vehicles, rose 6.3 percent as GM continued to rebound from its 2009 stay in bankruptcy protection.
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GM’s China Auto Sales Topped GM’s US Sales For The First Time.

Posted in cars on July 2nd, 2010 by admin

SHANGHAI (Reuters) – General Motors’ first-half sales in China, the world’s biggest auto market, exceeded sales in its home U.S. market for the first time, according to data released on Friday.

GM’s China auto sales jumped 48.5 percent to 1.21 million units in January through June, compared with the 1.08 million light vehicles it delivered in the U.S. over the same period, company data showed.

China overtook the U.S. as the world’s top auto market in 2009, helped by government incentives and a 4 trillion yuan ($590 billion) economic stimulus package.

GM’s June China auto sales rose 23.2 percent to 176,486 units. Sales of Shanghai GM, the Detroit automaker’s flagship car venture with SAIC Motor Corp, came to 71,782 units, up 18.9 percent on a year earlier.

Toyota Motor, a relative latecomer to China, sold 362,000 cars in the country in the first six months, up 27 percent. Its June sales climbed a more modest 8 percent to 61,000 cars, after labor disputes at a parts supplier interrupted production.

source: reuters

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