General Motors Asked IPO Partners to Subsidize Sales of its Vehicles to Their Employees

When General Motors Company began accepting proposals from banks to manage its initial public offering last May Chief Executive Officer Ed Whitacre asked that they include a portion of their underwriting fees to subsidize the purchase of GM vehicles by their employees.

Posted in In the News

Hyundai Takes the Green Car Plunge with 2011 Sonata Hybrid

Korean automaker Hyundai Motor Company is taking hybrid technology to the next level with the launch of its 2011 mid-sized Sonata sedan.

Posted in In the News

President Obama – Electric Car Battery Prices to Fall 70% by 2015

Appearing at a groundbreaking ceremony for a new electric car battery plant in Michigan on Thursday, President Barack Obama said the cost of such batteries will fall by as much as 70% by 2015.

Posted in In the News

New Used Certified Programs from Subaru and Mazda

Subaru and Mazda have some of the auto industry’s highest residual values, and both companies just made their certified used-vehicle programs better for consumers and dealers.

Posted in In the News

Used Vehicle Prices Declined in June

Used car prices have increased steadily over the last six months. Now, according to the Manheim Used Vehicle Value Index, the numbers for June show a slight decrease from May to June, although they did increase year over year.

Posted in In the News

Chevrolet Volt to Offer 8-Year, 100,000-Mile Battery Warranty

As it prepares for the much anticipated launch of its new Chevrolet Volt plug-in hybrid, General Motors Company has announced that it will offer buyers an eight-year / 100,000-mile warranty on its lithium-ion battery.

Posted in In the News

New York City Hopes Infrastructure Brings Electric Car Sales

New York’s mayor, Michael Bloomberg, opened the first charging station for electric vehicles last Wednesday in a commercial parking lot, bringing attention once again to the nationwide push to build infrastructure supporting electric cars.

Posted in In the News

Detroit’s Big Three Automakers Outperform European and Asian Brands in New APEAL Study

According to a new study by J.D. Power and Associates, Detroit’s Big 3 automakers are producing more appealing models than their Asian and European rivals for the first time in well over a decade.

Posted in In the News

GM Turns to Social Media to Help Launch 2011 Buick Regal

General Motors Company is turning to online, social media to help launch the 2011 Buick Regal sedan.

Posted in In the News

Toyota Blames Driver Error for Unintended Acceleration

According to Toyota Motor Corporation, “virtually all” of the incidents of unintentional acceleration it has investigated were the result of the driver mistakenly pressing the accelerator pedal instead of the brake pedal.

Posted in In the News

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