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General Motors says it is recalling 111,136 2011 Chevrolet Equinox, GMC Terrain and Cadillac SRX crossovers because of seat belt buckle anchors that could fail in a crash. Some of the crossover vehicles were produced with a seat belt buckle anchor that was cracked, according to General Motors. It could contribute to a fracture if [...]
The British government on Tuesday revealed the first nine electric vehicles that will be eligible for their purchasers to receive subsidies of up to 5,000 pounds ($7,935) under a plan to promote low-carbon transport. Under the scheme, the government has pledged 43 million pounds ($68.24 million) until the end of March 2012 to help British [...]
L.A. Auto Show comes roaring back : Nissan Motor Co., a manufacturer that once called Southern California its U.S. home, skipped the event. Chrysler Group was there in name only, hosting a static display of aging vehicles. The buzz on the floor was whether General Motors Co. and Chrysler Group would survive and how big [...]
General Motors stock opened 6 percent higher in its initial public offering debut Thursday, vanquishing any fears that the shares had been priced too high. The stock opened at $35 on the New York Stock Exchange, up from its initial public offering price of $33, and traded slightly higher in its first 10 minutes of [...]
Investor demand for General Motors stock has been so strong that the company will expand its initial public offering by 31 percent, to 478 million common shares, a person briefed on the sale said Tuesday. The move, coupled with an expected stock price of $33 per share, brings the U.S. government closer to getting back [...]
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