White House Sees U.S. Holding GM Stake for At Least 2 Years The Obama administration is planning for the U.S. government to hold an ownership stake in a revamped General Motors for “at least two years,” a person briefed by the administration on its plans said Friday.

 Transportation Secretary Ray LaHood says GM in ‘good hands’ – The Detroit News…LaHood says GM in ‘good hands’The Detroit News, MIWashington — US Transportation Secretary Ray LaHood Friday endorsed General Motors Corp.’s new CEO as the right man to lead the Detroit automaker, saying, “GM is in very good hands.” Fritz Henderson took over as CEO on March 30 after the Obama …California in running for h…

More GM Cuts: Cadillac STS-V and Pontiac G6 GXP both gone for 2010…GM, Pontiac 2009 Pontiac G6 GXP Sedan – Click above for high-res image gallery Pluto, the Roman god of Hades, is currently on a tour of the General Motors product garage and he’s taking a few cars with him from the land of the living. After sending the Impala SS and the Cobalt SS to the underworld, he has just added to his collection the Cadilla…

Toyota hammered with $7.7B loss in Q1 …than even GM‘s just-reported loss of $6 billion. Toyota now expects to lose $5.5 billion for the year ending March 2010, surpassing the $4.4 billion it lost in the just-concluded year.The reasons for Toyota’s reversal of fortune is well documented. Global sales were down 21.9% last year, with the most stark losses occurring in the U.S. and Europ…

Song remains the same: GM loses billions, Volt still on track…res gallery GM‘s announced yesterday that it lost $6 billion in the first quarter of 2009. That’s par for the course for the General these days. What’s also pretty standard was the immediate confirmation that work on the Chevy Volt is going A-OK and that, as GM‘s product development chief Tom Stephens said, “At this point in time, I know of no r…

Toyota First Quarter Losses Higher Than GM [Carpocalypse]…more than GM lost! That’s some pretty big news — especially considering GM dropped $6 billion during the first quarter. Jeez, if only Toyota were building some fuel-efficient, dependable appliance-type vehicles, right? [Reuters, WSJ]

GM and U of M create new institute for research …GMGeneral Motors and the University of Michigan have been working together on vehicle technology for 50 years, and a new institute will take the long-standing relationship to the next level. GM researchers will work with U of M faculty and students to develop new battery, engine, manufacturing, and smart materials technology to expedite the adva…

Sandia Successfully Completes Hydrogen Storage System for GM…designed for GM. To the right is the “SmartBed,” featuring a thermal management system with individual control of four identical modules, each of which is a shell and tube heat exchanger. The sodium alanate material used to store the hydrogen resides within the tubes. (Photo by Randy Wong) Click to enlarge.Researchers at Sandia National Laborato…

Nissan skipping SEMA this year, Mazda limiting presence Filed under: Aftermarket, SEMA, Tuners, Mazda, Nissan, Holden Troy Lee Designs Mazda6 from SEMA 2008 – Click above for a high-res image gallery Participation at last year’s SEMA show was notable for its absences, with the event’s organizers struggling at the last minute to fill vacated floor space with companies that would have normally been shunne…

Booo! GM also canceling Cobalt SS Sedan for 2010 …GM also canceling Cobalt SS Sedan for 2010

G.M. Suffers Big Loss. Is Bankruptcy Next?General Motors could be one step closer to bankruptcy, after posting a $6 billion loss for the first quarter. The Obama administration’s auto task force has given G.M. until June 1 to come up with a plan to prove its viability. After reporting a 40 percent loss in worldwide sales, G.M. doesn’t seem likely to do […]

Save the Cheerleader? GM creates Hero Edition Corvette ZR1 to benefit Kids Wish Network…GM‘s team of Corvette designers and engineers equipped this particular ‘Vette with a bespoke graphics package with red accents in lieu of the normal blue. Other special bits include “additional carbon fiber components,” though we’re left wondering what those composite pieces may be.You can’t actually go to your nearest Chevy dealership and order…

 The Chrysler Building: Biggest Mopar Ever [Carpocalypse]…all know Chrysler‘s facing some rough times, but let’s turn back the clock to 1930 and talk about the biggest Chrysler ever built.Chrysler Corporation was growing and in desperate need for — something — to represent its achievements. What better place to shine than New York City. Designed by architect, William Van Alen, the Chrysler Building wa..

Rendered Speculation: Alfa Romeo Milano, the next 147…the next Chrysler Sebring. The versatile building block will offer various lengths and widths in FWD and 4-wheel-drive versions, and propulsion will be courtesy of MultiAir engines. Unveiling of the 5-door hatchback is expected at either Frankfurt later this year, or Geneva in 2010.[Source: Car]Rendered Speculation: Alfa Romeo Milano, the next 1…

Chrysler reveals more facets of “We Build” campaign…Chrysler, LLC. Click above to watch all five commercials after the jump Chrysler sales have been abysmal throughout 2009, and with the uncertainty of bankruptcy, the short-term sales outlook is decidedly bad. To get the word out to its customers that the Pentastar is alive and well (except for its idled plants), Chrysler is launching a new campa…

Classic Ad: Chrysler’s Promise of a Small Car…Chrysler‘s former chairman, Lee A. Iacocca, makes some lofty promises in this 1984 commercial, including the introduction of a small car. Will we hear the same from Fiat’s chief executive, Sergio Marchionne?

Greenlings: Can we build a better battery with lithium?…Chrysler ENVI battery packsGallery: Tesla smart mule and batteryContinue reading Greenlings: Can we build a better battery with lithium?Filed under: Emerging Technologies, Etc., EV/Plug-in, Hybrid, GreenlingsGreenlings: Can we build a better battery with lithium? originally appeared on AutoblogGreen on Thu, 07 May 2009 19:52:00 EST. Please see …

Nissan skipping SEMA this year, Mazda limiting presence…out on Chrysler, and Honda is currently evaluating their presence, although it may be reduced compared to previous years. No matter what automakers pull-out of this year’s show, expect less products on tables, fewer vendors on the floor and even fewer attendees as the aftermarket continues to struggle to keep its head above water.Gallery: SEMA 2…

Misery loves company: Throwing our wig into the ring at Reno-Fernley LeMons…onto any Chrysler product “competing” in Reno to honor the automaker’s latest union.Registration ended on March 14, so those of you who missed the deadline narrowly avoiding our cold steel scythe of justice. But if you want to come out and enjoy the madness, spectator tickets are available for either a single day or the entire wretched weekend. …

The 2011 Jeep Phoenix… why not?…gallery With Chrysler‘s proposed alliance with Fiat all but a done deal, people have begun turning their attention towards the Italian automaker’s vehicle line up and creating a wish list of which ones they’d like to see for sale over here in the U.S. Thing is, those people should keep in mind that any Fiat making the long trek overseas may not …

Chrysler Plan’s Foes Step BackA group of Chrysler lenders who opposed the government’s restructuring plan for the auto maker is disbanding after two of its five members backed out.

Booo! GM also canceling Cobalt SS Sedan for 2010…GM also canceling Cobalt SS Sedan for 2010 originally appeared on Autoblog on Thu, 07 May 2009 16:00:00 EST. Please see our terms for use of feeds.

Save the Cheerleader? GM creates Hero Edition Corvette ZR1 to benefit Kids Wish Network…GM‘s team of Corvette designers and engineers equipped this particular ‘Vette with a bespoke graphics package with red accents in lieu of the normal blue. Other special bits include “additional carbon fiber components,” though we’re left wondering what those composite pieces may be.You can’t actually go to your nearest Chevy dealership and order…

Image: ToolPool.com

Special “Hero Edition” Corvette ZR1 [Corvette Zr1]“Hero Edition” Corvette ZR1: Finally, a special edition we can get behind. [CorvetteBlogger]

GM Kills Chevy Impala SS… Again [Carpocalypse]…analysis of GM ordering guides by forum fan-boys at GMInsideNews, GM‘s killed both the Chevy Impala SS and Chevy Cobalt SS sedan for 2010. You’ll still be able to get a Cobalt SS as a coupe, but the Impala SS is dead… for the second time. When GM said they were putting their performance divisions on indefinite hold we knew to expect no new per…

GM, University of Michigan announce new Automotive Research Institute…Michigan and GM are already partners in the Advanced Battery Coalition for Drivetrains (ABCD) and in helping to teach students to become alternative powertrain engineers. Today, GM and the school announced a new institute called the GM/U-M Institute of Automotive Research and Education that will focus on “reinventing the automobile and developin…

GM posts $6B loss in Q1, burns through $10B…GM, Earnings/FinancialsGeneral Motors reported its first quarter earnings today, and the beleaguered U.S. automaker posted a $6 billion net loss compared to a net loss of $3.3 billion one year ago. At the same time, GM burned through $10.2 billion in cash during Q1, though still has $11.6 billion in cash reserves on hand thanks in large part to …

Royal College of Art students imagine mobility in 2050, see vehicles powered by waterfalls…months with GM Europe to “gain valuable work experience and insight through hands-on experience with future technologies such as electric vehicles.” One of the more dreamy ideas from an RCA student was for “eco-touring machines powered by waterfalls.” It’s a safe bet this means hydropower, but I can’t shake the feeling that unicorns should be in…

RIP: Chevy Impala SS, again…line for GM‘s 5.3L V8 engine in the midsize front-wheel drive Chevy sedan. That means the biggest available engine will be the 3.9L LGD pushrod 60-degree V6.We’ve long questioned whether the current W-body Impala does justice to the memory of Super Sports of yore, despite the presence of the V8 engine. Regardless, we’d prefer to keep the 303-hor…

GM Hosting Fleet Buyers At Pricey Spa, USA Today Waves Populist Banner [Carpocalypse]…outrage over GM hosting 500 fleet buyers at a luxury-spa-resort. The difference between banks-funded-by-the-government and automakers-funded-by-the-goverment? Automakers invite potential car buyers to resorts. Banks send themselves to resorts. [USAToday]

Fesler-Moss Builds A Corvette ZR1-Powered Camaro SS [Tuner Cars]…of GM Performance fame) teamed up to create this custom limited edition 2010 Camaro SS for the mesh-wife-beater-wearing, previously-Monte-Carlo-Dale-Earnhardt-Intimidator-Edition-driving, family-franchise-starting crowd. They’ll build your Camaro with a custom body kit with molded rear lip spoiler (how they do that is anybody’s guess) and any LS…

GM’s Renaissance Center HQ: View From The Top [Carpocalypse]…these days GM‘s Detroit Renaissance Center HQ’s a tough place to work. But the view sure is killer. Let’s take a look. This city-within-a-city was actually commissioned by Henry Ford II as the world’s largest private development at the time. As you can see from the promotional video to the left, the John Portman-designed complex began construc…

Vauxhall going after city car market with Trixx EV?…GM, Opel, VauxhallWay back in 2004, GM‘s European arm put a toe in the water of the rapidly expanding city-car market with its Opel Trixx concept. A few years later, GM‘s Carl-Peter Forster indicated that the automaker would not be entering that microcar market after all. Fast forward another couple of years and (surprise!) it looks as if GM may…

GM And University of Michigan Form GM/U-M Institute Of Automotive Research And Education; Focus On Fuel-Efficiency And Reinvention Of The Automobile…formed the GM/U-M Institute of Automotive Research and Education, with a strategic focus on reinventing the automobile and developing the next generation of high-efficiency vehicles powered by diverse energy sources. The Institute, which builds on more than 50 years of collaboration between the organizations, supplements GM’s ongoing research a…

GM Posts First-Quarter Net Loss Of $5.9 Billion [Carpocalypse]…GM posts first-quarter net loss of $5.9 billion, revenue drops 47% to $22.4 billion. [Freep]

The 2011 Jeep Phoenix… why not?…gallery With Chrysler‘s proposed alliance with Fiat all but a done deal, people have begun turning their attention towards the Italian automaker’s vehicle line up and creating a wish list of which ones they’d like to see for sale over here in the U.S. Thing is, those people should keep in mind that any Fiat making the long trek overseas may not …

Look Who’s Talking: Automakers rated based on web conversation volume…Chrysler, LLC., Ford Justin Graves, the CEO of Infegy, which developed and offers a powerful research application for tracking online buzz, is a big Autoblog fan, particularly of our By the Numbers posts that detail sales figures for the entire U.S. auto industry. Graves makes his own monthly list of the Top 50 Social Brands, which ranks them ac…

Fiat CEO Sergio Marchionne To Take Over As CEO Of Chrysler [Carpocalypse]…will assume Chrysler‘s CEO title upon exit from bankruptcy. [Detroit News]

BREAKING: Marchionne confirmed as post-bankruptcy Chrysler CEO…Chrysler, LLC., FIATAfter weeks of speculation, Fiat confirmed today that its CEO, Sergio Marchionne, will assume the same role with Chrysler once it exits bankruptcy. According to statements from the Obama administration, Chrysler could emerge from “surgical bankruptcy” in as little as 30 to 60 days, after which Chrysler‘s current chief executi…

The Chrysler-Kia alliance that never was…Chrysler, LLC., GM, Hyundai, Kia, FIAT, RumormillChrysler has been trying to shack up with another automaker for quite a while now, and the trail of relationships that never got off the ground reads like a middle school diary. While Chrysler‘s deal with Fiat has all but gotten 500s rolling out of plants on this continent, a deal with Kia had bee…

Chrysler bankruptcy: what happens with the electric car plans? to A123 Systems?…about what Chrysler‘s bankruptcy and partnership with Fiat might mean for cars like the Circuit EV and companies like A123 Systems, which is slated to supply batteries for Chrysler‘s electric vehicle lineup.Reuters says that “the sum of Fiat and Chrysler‘s parts does not amount to the kind of electric vehicle powerhouse that Renault and Nissan a…

(Source: Autoblog via The Detroit News)

After weeks of speculation, Fiat confirmed today that its CEO, Sergio Marchionne, will assume the same role with Chrysler once it exits bankruptcy. According to statements from the Obama administration, Chrysler could emerge from “surgical bankruptcy” in as little as 30 to 60 days, after which Chrysler’s current chief executive Bob Nardelli will step down and Marchionne will step in. 

A dual Canadian and Italian citizen, the Ontario-educated Marchionne is credited with turning the Fiat Group around from a money-losing enterprise into one of the largest and most successful automakers in the industry. After taking over the helm at Fiat five years ago, Marchionne said he would need to double its sales to 5.5 million units annually in order to make the company financially viable. His vision for separating Fiat, Lancia and Alfa Romeo out of their parent company and into a new auto group together with Chrysler (and potentially with GM’s European and Latin America.

GM adds shift at Oshawa to keep up with Camaro demand…enough that GM has asked workers at the assembly plant in Oshawa, Ontario, to work through the week of June 29, which had previously been scheduled as mandatory time off. Furthermore, Camaro orders are expected to be strong enough to keep the Oshawa plant’s flex line humming along on Saturdays in June, July and August, and that means overtime fo…

 Rumormill: Buick Astra coming in 2011?…products from GM‘s European Opel division are reports from GM Inside News indicating that a small car based on the Astra platform – initially planned for the now-defunct Saturn brand – has been transferred to Buick’s entry-level luxury division.Assuming these rumors are true, we can expect to see the new Buick in North America in late 2011 as a ..

REPORT: Renault after Saturn, Geely after Saab …deal with GM would allow Renault and its South Korean subsidiary, Samsung Motors, to sell its wares in the States though the existing retailers, possibly marketing the new vehicles as Saturns and building some of the vehicles using the General’s underutilized plants. How the deal would flesh out financially remains to be seen, but there’s a chan…

 Rumormill: Vauxhall going after city car market with Trixx EV?…GM‘s European arm put a toe in the water of the rapidly expanding city car market with its Opel Trixx concept. A few years later, though, GM‘s Carl-Peter Forster indicated that the automaker would not be entering that microcar market after all. Fast forward another couple of years and (surprise!) it looks as if GM may be once again reversing tha…

 REPORT: Penske lines up as potential Saturn suitor…GM, SaturnThe typical relationship between automakers and dealerships, of course, is for the dealers to sell the cars that the automaker produces. But with General Motors shedding like a dog in springtime, it’s the dealers who have been looking to buy the brands themselves. Following interest expressed by German dealers to acquire Opel and a gro…

…Chrysler and GM EuropeFiat’s alliance with Chrysler is only the beginning, as the Italian automaker makes a bid at acquiring General Motors’ European operations, including Opel, Vauxhall and Saab. Other news of import Chrysler begins “New Car Company” ad campaign in newspapers 2010 Chevy E…

GM hopes to sell Saturn by the end of 2009

GM Hires Adviser to Help Sell Saturn

(Source: Wall Street Journal)

General Motors Corp. is expected this week to accelerate talks with the United Auto Workers union and move toward closing about 2,600 dealerships.

 The giant auto maker also is likely this month to approach banks holding secured debt, hoping to work out terms to ease the company’s debt burden.

Reaching agreement on these fronts is critical if GM is to restructure outside of bankruptcy court.

The company has new leverage as it re-engages in talks, thanks to the bankruptcy filing last week by Chrysler LLC. But differences between the two auto makers mean that leverage can take GM only so far.

“The move with Chrysler signals to the GM creditors that bankruptcy is a viable option,” said Lewis Rosenbloom, a bankruptcy lawyer with Dewey & LeBoeuf. Mr. Rosenbloom’s firm does extensive work for GM and Chrysler. “The government is not just going to throw money at this without getting a consensual accord, so I think this is a harbinger of things to come.”

The Treasury Department has given GM until June to work out a restructuring plan and has indicated it may push the company into bankruptcy if the necessary deals don’t materialize.

GM’s hopes of staying out of court hinge on its ability to convince thousands of unsecured bondholders, owed $27 billion, to accept a small equity stake in the company in exchange for forgiving most of the debt. Several bondholders have said the equity exchange will fail if the terms aren’t sweetened.

Auto threesome? Fiat CEO confirms pursuing partnership with Opel…GM, Opel, Vauxhall, FIAT, UAW/UnionsAs if Fiat doesn’t have enough on its plate while working on an alliance with Chrysler during its bankruptcy proceedings, the Italian automaker’s CEO has finally confirmed that it’s pursuing an alliance with General Motors’ German arm Opel.In the Fiat-owned newspaper La Stampa, CEO Sergio Marchionne said, “Now…from Autoblog

Rendered speculation: Chevrolet Sky-Volt?…disappointment to GM fans was the transformation of the Chevy Volt from concept to production form. The sporty, aggressive concept was to many eyes made too generic for production. One of our readers came up with a novel solution to both problems. Just graft the Volt concept nose onto the Sky and install an adaptation of the Voltec powertrain an…from AutoblogGreen 

REPORT: RWD Commodore platform could underpin Caddies, G8 GT could make a comeback…GM, GMC, Australia Pontiac G8 ST – Click above for a high-res image gallery With Pontiac’s death official, Holden stands to lose around $1 billion annually with the demise of the Pontiac G8. However, Holden doesn’t plan to go quiet into night. The Aussie automaker has drawn up plans to offer the rear-wheel drive Commodore platform to Cadillac an…from Autoblog 

Opel Insignia SportTourer OPC: An Audi S4 Avant-Fighter [Rendered Speculation]…heard that GM is pondering whether or not to bring the Insignia over here as a Buick, but with the current financial situation being faced by the General, we won’t believe anything until we see it. While we’re asking questions — How about an Audi RS4 fighter, or is that asking waaaay too much? [illustration via KORSdesign]from Jalopnik 

eBay Finds of the Day: Pontiac Vibe GT-R and G6 GXP SEMA showcars…world GM division. But for a lucky two, that thrill can be experienced every day on their own driveway as two past Pontiac show cars have popped up on eBay Motors for sale.First up is the Pontiac Vibe GT-R that debuted at the 2002 SEMA show in Las Vegas. Boasting a unique Opera Red Metallic paint job, ram-air induction hood scoop, special body-k…from Autoblog

CNBC’s Dennis Kneale Wouldn’t Know A Car If It Hit Him In The Ass [Auto Tech Wars]…in every GM vehicle. That aux-in jack that can be found in every GM product is the same aux-in jack you’ll find in every Toyota product. But more to the point of supposed technological superiority — find me a Toyota or Honda-branded vehicle with a plug-in-play system that works as effortlessly as Ford’s Sync system. Tell you what — Kneal…from Jalopnik 

Pontiac G8 GXP, Solstice Coupe – Future collectors items? [w/POLL]…lost when GM inexplicably dropped classic names like Bonneville, Grand Prix and Grand Am.We’re not going to disagree with that assessment, but it may not be the whole story. If sales figures alone can predict a future classic, perhaps we should rush out and put a new Solstice Coupe GXP in our driveway. We spoke with Pontiac’s media relations man…from Autoblog

Camaro Police Cruiser: Long Mullet Of The Law [Chevy Camaro]The 2010 Chevy Camaro is likely to attract its fair share of police attention. But what if the new Camaro was the police car? Whoa. Rendered gallery below. The detailed photoshop adds much of the features you’d expect from a police car, including the push-bar and an LED light-strip above the roof. Without many additions the Camaro looks the part of…from Jalopnik 

GM Autosales for April fell 33% – Toyota Falls Behind Ford Ford Motor’s vehicle sales dropped 32% last month, but the healthiest of Detroit’s auto makers outsold Toyota in the U.S. for the first time in at least a year. GM’s sales fell 33%.

(Source: Washington Post)

Chrysler, one of the three pillars of the American auto industry, will file for bankruptcy today after last-minute negotiations between the government and the automaker’s creditors broke down last night, an Obama administration official said.