Cars
On June 29, a woman named Donna Trusky filled a class-action lawsuit against General Motors in Detroit. The subject was a defect in the suspension rods of the 2007-2008MY Chevrolet Impala, which caused the tires to wear prematurely – in Trusky’s case, after only 6,000 miles. As it turns out, GM had warned police departments about the issue and fixed the defective rods, but it did not do the same on the civilian cars.
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Despite making an impressive comeback in the past three years and having recently started the process of buying back the U.S. Treasury’s shares, General Motors is still facing problems connected with its 2009 bailout. After General Motors Corp.,...
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On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government...
- Tata Motors Hires Ex-opel Boss, Carl-peter Forster As Group Ceo
The former boss of General Motors Europe, Carl-Peter Forster, has been hired by India's largest automobile manufacturer, Tata Motors, as the group's Chief Executive Officer with overall responsibility of Tata Motors Operations globally, including...
- Gm Boss Rick Wagoner Reportedly Resigns
General Motors boss Rick Wagoner is apparently stepping down as of... now. So says a source of the Associated Press. The Good Car Guy learned of this through a CTV.ca article posted minutes ago. Reports also surfaced today that the Obama administration...
- Strictly Numerical - The Facts From A Potential Gm Bailout
That sound you hear throughout the day and into the night comes to your ears all the way from Detroit, Michigan. It's the sound of $46,296 per minute being flushed through General Motors' toilets. Time.com published some of their theories regarding...
Cars
GM Refuses to Repair 400,000 Chevrolet Impalas, Says it's “Old GM's" Responsibility
On June 29, a woman named Donna Trusky filled a class-action lawsuit against General Motors in Detroit. The subject was a defect in the suspension rods of the 2007-2008MY Chevrolet Impala, which caused the tires to wear prematurely – in Trusky’s case, after only 6,000 miles. As it turns out, GM had warned police departments about the issue and fixed the defective rods, but it did not do the same on the civilian cars.
General Motors seeks to dismiss the lawsuit, which could cost it millions of dollars as it potentially affects more than 400,000 cars. The company's argument is that the warranty claim was honored by its predecessor, General Motors Corp, which is now called Motors Liquidation Co – or “Old GMâ€, after its 2009 bankruptcy and the subsequent bailout by the US government.
Read more »- Gm Creditors’ Lawsuit Over 2009 Bankruptcy Deal Could Cost Nearly Us$1 Billion
Despite making an impressive comeback in the past three years and having recently started the process of buying back the U.S. Treasury’s shares, General Motors is still facing problems connected with its 2009 bailout. After General Motors Corp.,...
- Bailout Execs Criticized For Receiving Big Salaries, Some Claimed They Couldn't Survive With $500k…
On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government...
- Tata Motors Hires Ex-opel Boss, Carl-peter Forster As Group Ceo
The former boss of General Motors Europe, Carl-Peter Forster, has been hired by India's largest automobile manufacturer, Tata Motors, as the group's Chief Executive Officer with overall responsibility of Tata Motors Operations globally, including...
- Gm Boss Rick Wagoner Reportedly Resigns
General Motors boss Rick Wagoner is apparently stepping down as of... now. So says a source of the Associated Press. The Good Car Guy learned of this through a CTV.ca article posted minutes ago. Reports also surfaced today that the Obama administration...
- Strictly Numerical - The Facts From A Potential Gm Bailout
That sound you hear throughout the day and into the night comes to your ears all the way from Detroit, Michigan. It's the sound of $46,296 per minute being flushed through General Motors' toilets. Time.com published some of their theories regarding...