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10% Profit Margin for GM Over the Next Years

General Motors expects the following years to bring a 10% raise in profit margin, up from the actual 6% margin. If the company manages to achieve this 10% goal, it will mean a $15 billion profit, and $10 billion record net income, compared to 2011, when the revenue was estimated at about $150 billion. On February 16th the company is expected ...

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GM Australian Unit Cuts 140 Jobs

The Australian unit GM Holden of General Motors Co announced that it plans to cut about 140 casual and temporary jobs from its Adelaide car plant, as the high Australian ...

U.S. Auto Sales: General Motors Sales Down 6% in January

General Motors Co. on Wednesday reported total sales of 167,962 vehicles in the United States in January, down 6 percent compared with a very strong January 2011. The company said total ...

GM announces $200 million investment in Texas stamping plant, adds 180 jobs

General Motors will expand its production plant in Arlington, Texas, in a move that will add about 180 jobs in the Dallas-Fort Worth area. GM today announced that construction will begin ...

1,200 CNG-Powered Chevrolet Express Vans go to AT&T

General Motors has recently made the largest order of CNG: 1,200 Chevrolet Express compressed natural gas (CNG) dedicated cargo vans are to be deployed to AT&T service centers nationwide. AT&T has ...

GM’s Dan Akerson to defend Volt at Capitol hearing

GM CEO Dan Akerson is expected to defend the company's Chevrolet Volt today, telling Congress the vehicle is safe and that politics is to blame for the intense scrutiny. Critics have ...

VW contests GM’s title of world’s largest automaker in 2011

Volkswagen AG is disputing GM's No. 1 sales crows as the German automaker feels it would be the top-seller last year if sales of all its affiliates were included. VW's figures ...

General Motors is the world leader in car manufacturing

The North American based automaker General Motors is the 2011 world leader in car manufacturing after a three-year brake. General Motors has taken advantage of Toyota’s problems due to the natural ...

GM reclaims title of world’s largest automaker after official 2011 results

General Motors surpassed Toyota and Volkswagen to reclaim the crown of world's largest automaker with global sales of 9.03 million vehicles in 2011. GM's sales were 11 percent higher than Volkswagen's, ...

GMC Granite concept isn’t going to production

General Motors has just announced that the GMC Granite concept will not go into production. After making quite a splash during the 2012 North American International Auto Show (NAIAS) in Detroit, ...

Teams say F1 officials to decide on Bahrain return

Feb.7 (GMM/Inautonews.com) Sauber's Monisha Kaltenborn has admitted the Swiss team will return to Bahrain this year if F1 officials ...

Alguersuari ready for F1 comeback ‘opportunity’

Feb.7 (GMM/Inautonews.com) Jaime Alguersuari has admitted he was "hurt" by Red Bull's late decision to oust him from Toro ...

Sauber’s Key headed for Le Mans with Lotus

Feb.7 (GMM/Inautonews.com) Sauber's departing technical boss James Key appears headed for Lotus. On the eve of its 2012 car launch, ...

Raikkonen not Lotus team owner - Boullier

Feb.7 (GMM/Inautonews.com) Eric Boullier has slammed rumours Kimi Raikkonen is a shareholder in the Lotus team. It was reported that ...

Raikkonen to reunite with McLaren engineer

Feb.7 (GMM/Inautonews.com) Kimi Raikkonen will have a familiar race engineer for his return to formula one this year. Finnish reports ...

Van der Garde ’surprised’ by Jerez test day

Feb.7 (GMM/Inautonews.com) Giedo van der Garde has admitted to surprise at his inclusion in Caterham's test plans this week. Originally, ...

HRT to be among ’step nose’ teams - de la Rosa

Feb.7 (GMM/Inautonews.com) HRT will be among the 'stepped nose' teams in 2012, Pedro de la Rosa has revealed. The Spanish ...

Renault still Lotus team sponsor - Caubet

Feb.7 (GMM/Inautonews.com) Lotus - the former Renault team - will continue to receive the French carmaker's backing in 2012. The ...

Exhaust blowing saga not over yet - Lotus

Feb.7 (GMM/Inautonews.com) F1's 'blown exhaust' saga may not be over, according to Lotus team officials. "For us, it is clear ...

Lotus frustrated with ‘reactive ride height’ ban

Feb.7 (GMM/Inautonews.com) Eric Boullier has admitted frustration with the FIA's decision to ban reactive ride height systems. Lotus looked to ...

Grosjean thanks knockers for 2009 criticism

Feb.7 (GMM/Inautonews.com) Romain Grosjean has thanked those who wrote him off after his disappointing 2009 debut. When Nelson Piquet was ...

Eyebrows raise as Red Bull shows nose air intake

Feb.7 (GMM/Inautonews.com) Red Bull raised eyebrows throughout the F1 world on Monday by showing some glimpses of its 2012 ...

‘Step noses’ still the hot topic at Jerez

Feb.7 (GMM/Inautonews.com) Amid the European cold snap, Franz Tost admits he was worried Toro Rosso might be late for ...

China Requests the Long-Wheelbase BMW 3 Series

The Chinese market addiction for Sino-oriented models is well known by all auto companies. Lately, China requested the BMW 3 ...

$1.1 Billion for the Expansion of Claycomo Assembly Plant, Kansas City

Ford Motor Company invested $1.1 billion to expand its Claycomo Assembly Plant, from Kansas City, Missouri. The expansion includes a 450,000-square-foot ...