General Motors – InfoStride News

US traffic safety regulator fined GM $35 mn over delay to ignition recall

Adewale A. — Fri, 16 May 2014 18:12:34 +0000

The US traffic safety regulator Friday imposed a record $35 million fine on General Motors for its failure to promptly recall cars with ignition faults linked to at least 13 deaths. The National Highway Traffic Safety Administration hit GM with its…

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General Motors puts two engineers on leave amid recall probe

Ade Adewale — Thu, 10 Apr 2014 21:40:18 +0000

General Motors said Thursday it had put two engineers on paid leave over the automaker's deadly ignition switch recall as the company revealed costs from the scandal could soar to $1.3 billion. GM chief executive Mary Barra announced the first disciplinary…

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United States Treasury Dept to sell $3 bn in Ally Financial shares

Ade Adewale — Sat, 18 Jan 2014 17:19:21 +0000

The US Treasury Department said Thursday that it plans to sell about 40 percent of its shares in rescued bank Ally Financial for around $3 billion. Ally Financial, the former lending arm of automaker General Motors, was bailed out by the government…

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Chevrolet to roll out 4G-connected cars by mid-2014

Ade Adewale — Mon, 06 Jan 2014 14:30:15 +0000

The new Chevrolets coming out this year will be faster -- on the information superhighway. The General Motors division said Sunday it would deploy fourth generation (4G) Internet connections on several models to help motorists who want to stay connected…

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GM to wind down Chevrolet brand in Europe by 2016

Adewale A. — Thu, 05 Dec 2013 11:13:18 +0000

US auto giant General Motors said on Thursday it would largely withdraw its Chevrolet brand from the European market by 2016, citing the "difficult economic situation" on the continent. GM instead plans to concentrate on marketing its German-made Opel…

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