Content Tagged As gm

4 years 9 months ago

Never mind. 'Chevy' is fine

Turns out you can take your "Chevy to the levee" or any other darn place you please. General Motors on Thursday backed off a "poorly worded" internal memo that asked employees to refer to the brand only as "Chevrolet" in an effort to create consistency. GM says in a...

4 years 9 months ago

GM: May sales rose 10 percent

General Motors Co. says its May sales rose 17 percent on strong new product sales and a big government fleet contract. The improvement came over a dismal May of last year as GM was heading into bankruptcy protection. GM says sales from its four brands - Chevrolet, Buick, GMC...

4 years 9 months ago

USOC inks $24 million sponsorship deal

The Colorado Springs-based U.S. Olympic Committee has reached an agreement on a sponsorship deal with BMW worth about $24 million. The contract will run through the 2016 Games -- and the USOC will receive cash. The Sports Business Journal first reported the contract Monday, which was verified by the Associated...

4 years 10 months ago

GM accelerates to quarterly profit

General Motors says it rode cost cuts and strong sales of new models to its first quarterly profit in nearly three years. The Detroit automaker says it earned $865 million from January through March, a strong sign GM has reversed course from staggering losses that nearly caused its death....

4 years 11 months ago

GM makes big investment in US plants

General Motors is investing $257 million at two of its factories that will build the next generation of the hot-selling midsize Chevrolet Malibu. CEO Ed Whitacre was at the factory in Kansas City, Kan., on Wednesday to announce the investment and the company's early repayment of $6.7 billion in...

5 years 3 weeks ago

Chevrolet could return to Daniels

The long time Colorado Springs car dealership Daniels Chevrolet could once again soon be selling new Chevy's. Owner Elizabeth Daniels said in a statement Wednesday. "We were contacted by GM about our desire to keep our Chevrolet Franchise. We should receive a letter of intent within ten days to...

5 years 4 weeks ago

Toyota's pain is rivals' sales gain in February

Toyota's American rivals have been benefiting from the Japanese automaker's recent troubles. Despite the snowstorms that plagued much of the country in February, the auto industry reported higher U.S. sales in February -- with the American companies scooping up customers from Toyota, which saw its own U.S. sales fall...

5 years 1 month ago

GM saying goodbye to the Hummer

General Motors is shutting down Hummer, after its bid to sell the brand to a Chinese company collapsed. GM says it will continue to honor existing Hummer warranties. Hummer is the second brand after Saturn that GM has failed to sell as part of its restructuring.

5 years 2 months ago

GM chairman to become permanent CEO

General Motors Co. Chairman Ed Whitacre Jr., who has been serving as interim CEO since Dec. 1, has been named permanent CEO of the automaker. Whitacre took the interim CEO post when the board ousted former CEO Fritz Henderson. The company hired a search firm to find a permanent...

5 years 2 months ago

No free ride for Tiger

General Motors is taking away Tiger Woods' free ride. The automaker has sliced its agreement with the golfer that allowed him to use their vehicles for free. While the official endorsement deal ended in 2008, GM had allowed Woods to keep a few loaner vehicles...reportedly among them is...

5 years 5 months ago

GM to shut down Saturn after Penske ends talks

General Motors Co. says it's shutting down the Saturn brand after an agreement with Penske Automotive Group Inc. to acquire the unit fell apart. Penske, citing concerns about whether GM could continue to supply vehicles after a manufacturing contract with the automaker ran out, ended talks with GM Wednesday...

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