GM Somehow Posts Best Sales Since 2007

Remember that time that GM recalled every single car in the world because faulty ignition switches killed a bunch of people and past experience said that they would suffer, at least somewhat, in the sales figures? It turns out that nobody remembered that time, because GM just posted its best June sales since 2007. » 7/01/14 10:11am 7/01/14 10:11am

Fisker Is Bleeding Itself To Death

“My ethics told me I had to leave. I had to follow ethical standards. I still love the company. It was my life.” Henrik Fisker sounded angry about what had been going on, but he refused to say much beyond that by way of specifics. What is clear, though, is that past few months have been rougher for the company that… » 3/29/13 4:25pm 3/29/13 4:25pm

Tesla Nixes Battery Deal, to Focus on Not Building Cars

Tesla Motors' plans to sell battery packs to Norwegian company Think Global has been put on hold as the company plans to focus on shipping cars to the 600 people who paid a lot of money and still have nothing to drive (except a fleet of other cars, presuming they're very wealthy). It was hoped this deal would help… » 11/01/07 1:00pm 11/01/07 1:00pm

Porsche's "Geyser 'o Cash" Continues Unabated

At current rates of return, Porsche will own the auto industry by 2112 — just in time for President Geddy Lee's Cryogenically Frozen Head to rename Detroit "Stuttgart West." Led by strong sales of the 911 range, though bolstered by excellent showings from the new Cayman and Boxster, Porsche's after-tax profits hit… » 12/06/06 9:28am 12/06/06 9:28am

Kiss and Say Sayonara: GM, Toyota Tech Alliance to End

Edmunds Inside Line is reporting a technology alliance beween Toyota and GM is set to end next week, and that the two will indeed part as rivals for the position of #1 automaker. The deal, which was struck in 1999, has produced... wait for it... nothing. Toyota reportedly couldn't deal with GM's constant whining,… » 2/24/06 7:20am 2/24/06 7:20am

GM Losses top $8.6 Billion for 2005, Not the Worst Year Ever

Despite losses totaling (please sit down, Mr. Wagoner) $8.6 billion, 2005 still wasn't GM's worst year on record. In 1992, GM took a $23.5 billion hit brought on primarily by a change in accounting procedures that forced the company to include retiree health-care costs in earnings. At the time, Rick Wagoner, then the… » 1/27/06 8:28am 1/27/06 8:28am

Consumers on GM's Total Value Promise, "WTF?"

Exactly. We also were wondering what GM means by its "Total Value Promise," a bit of marketing detritus likely left flaccid by an epic journey through a labyrinthine corporate approval path. According to GM execs, it's supposed to signify a holistic approach to selling GM cars that involves irresistible new vehicles… » 12/02/05 9:17am 12/02/05 9:17am

It Could Have Been Worse: Fleet Sales Made October Less Bleak for…

According to AutoWeek, fleet sales appeared to fill in some of the empty, plague-infested spaces for domestic carmakers during October's sales meltdown. Among the Big Three, sales to commercial fleets increased that month — rising to one-third of sales for GM and Ford (40% for Chrysler) from around a quarter in the… » 11/15/05 8:38am 11/15/05 8:38am

GM Fearing Delphi Strike, Increases Production, Stockpiles Cars

Could you believe the luck? This coming model year was going to be GM's turning point: new cars, new trucks, new, uhm, ways to turn Solstice drool into money-green Jello (yikes, that analogy even grossed us out.) So what happens? In a flash of "Steve" Miller's Zorro blade, Delphi — GM's former division and largest… » 11/04/05 9:45am 11/04/05 9:45am

General Motors Called in by SEC on Delphi Transactions

Aggressive accounting or fraud? That's what the Securities and Exchange Commission is trying to determine a part of an ongoing investigation into accounting practices at General Motors. The Federales have their plasma sights (and subpoenas) honed in on the company's accounting practices related to transactions with… » 10/27/05 12:23pm 10/27/05 12:23pm