We are bearing witness to an apocalypse of world finance. Square in the eye of the storm is the auto industry.
Its hard to fathom the events of the past 24 hours. The President of the United States fired GM CEO Rick Wagoner, and though he specifically said the government “has no intentions of [...]
GM President and COO Fritz Henderson will be replacing Rick Wagoner as CEO who will be stepping down at the Obama administrations request, in order to give GM a new fresh start.
The Auto Task Force decided that they do not believe GM nor Chrysler have met the restructuring goals that were required as of March [...]
President Obama is set to reveal his plan to help revive the US auto industry on Monday. According to people familiar with the plan, GM’s CEO of 8 years, Rick Wagoner will be stepping down from his position. This was at the direct request of the Obama administration and with the apparent agreement [...]
One of the hottest issues of discussion regarding the Volt is its price to consumers.
As many here are aware, Tesla unveiled it Model S 4 door sedan last week. It’s hard to argue that the pure electric car isn’t beautiful, and perhaps more remarkable is that such a design actually achieved a CD of 0.265.
An [...]
The Obama administration has made it clear they wish to avoid bankruptcy for GM. “We need to preserve a U.S. auto industry,” said Obama “We will provide them with some help.”
The Auto Task Force has wound down its discussion on Friday icluding meeting with Rick Wagoner and it is expected Mr. Obama will make an announcement on [...]
The MSRP of the Chevy Volt remains a mystery. Despite the concept being unveiled more than 2 years ago, and the thousands of articles, comments, and interviews about it, the exact price of the car remains unknown.
GM claims they don’t know how much they will charge yet either. They say it will depend [...]
Tesla Motors has unveiled their 4-door 7-seat all-electric sedan in the Space-X factory in California Thursday. The vehicle is the follow-up to the current 2-seat Roadster of which they’ve so far sold 250 copies.
This vehicle will be priced at a lower $57,400 and have a 160 mile driving range. It will handle rapid charging at [...]
The Wall Street Journal is reporting that within days the President’s Task Force on Autos is expected to announce more government aid for embattled automakers GM and Chrysler.
Interviews with Task Force members suggest the administration doesn’t want to automakers to slip into bankruptcy protection. Rather they are expected to say they see viable futures [...]
On this intriguing day, GM spokesperson Rob Peterson decided to write his own response to my last post about the first Volt Integration vehicle being built June. He both wanted to clarify it a little and respond to some of your comments. He also wanted to share with us the actual countdown clock [...]
Currently GM has a few more than 30 Cruze-shell mule prototypes running around the proving grounds and in various test facilities. These cars have been performing flawlessly. Though containing a near-final Chevy Volt powertrain and battery, they do not possess the true Chevy Volt interior or exterior design.
The next critical stage in Volt [...]
There is still uncertainty about exactly how and where GM will launch the Volt come November 2010. Earlier reports suggest San Francisco and Washington DC have caught GM’s eye due to plug-in readiness, but GM denies that those locations have been settled upon.
I had the chance to gain a little more insight into this [...]
Spring is here, and the 30-odd Chevy Volt mules have passed through their first winter with flying colors I am told.
GM has tested the cars extensively at the Milford Michigan proving grounds, the Upper Peninsula (UP) of Michigan, and Kapuskasing, Ontario. Ten vehicles visited Kapuskasing and a few visited the upper peninsula.
The focus of the [...]