General Motors

Silent woosh: The Volt is quiet – except for when it starts and shuts down

Plug-in Volt the latest poster child for green cars

Thu 28 Feb 6

MOTORING The Holden Volt is a plug-in car that is still capable of long-distance travel. I charged it every night for about $3 and went about my business during the day. 

Toyota's Prius hybrid

Toyota reclaims crown as world's top car-maker

Tue 29 Jan 1

The Japanese company increased its sales 23% to nearly 10 million vehicles in 2012.

GM's return sends stocks soaring on Wall Street

Fri 19 Nov 3

The relisting of General Motors sent stocks on Wall Street surging as investors also bet that Ireland would receive a rescue package.

Nearly 430 million GM shares were traded as the US government sold much of its stake. The shares immediately rose above the $US33 issue price and peaked at $US35.99.  They were $US34.07 at the market close (10am NZ time).

The Dow Jones Industrial Average rose 173.35 points, or 1.6%, to 11,181.23, its first gain in three days.

Alcoa led the blue-chip index's gains, jumping 43.7%, while Boeing put on 2.9% and Caterpillar added 2.4%.

Dutch carmaker snaps up Sweden’s Saab for $US74m

Wed 27 Jan

General Motors has confirmed the deal to sell its Saab subsidiary to tiny Dutch sports-car maker Spyker Cars is going ahead, subject to a Swedish government loan guarantee.

Spyker, which makes only a few dozen sports cars a year and has never made a profit, has agreed to pay GM at least $US74 million in cash.

The European Investment Bank will provide a €400 million ($800 million) loan guaranteed by the Swedish government.

Tiger Woods loses car

Thu 14 Jan 2

Tiger Woods is handing back the SUV that brought his marital infidelities to light and ruined his golfing career.

General Motors says it has ended an agreement that allowed the fallen golf star to have free access to its vehicles.

Woods' wife famously used a golf club to smash the windows of the vehicle, which crashed into a tree outside his Florida mansion.

Woods' endorsement contract with GM's Buick brand ended in 2008, but an arrangement remained in place that allowed him to keep several GM vehicles on loan.

General Motors lures Chris Liddell to top financial post

Tue 22 Dec

Far from taking a corporate breather after leaving Microsoft, New Zealand’s highest ranked business executive, Chris Liddell, is to take a top position at General Motors.

Mr Liddell, 51, will become chief financial officer and vice chairman at the Detroit-based  US car giant on January 1, He will succeed Ray Young, who becomes GM’s vice president of international operations on February 1.

In a then surprise move, Mr Liddell announced late in November that he would leave Microsoft, where he was CFO.


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