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Ontario Plans to sell its General Motors Shares Over the Next Year


Ontario has decided to sell its General Motors shares in the following year as it plans to review its state-owned assets. “Some assets may no longer serve a public good,” Finance Minister Charles Sousa said. “One good example is our shares in GM.” The Minister added that the government will carefully analyze the market conditions to see when it would be the ...
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General Motors announcing another 1.3m unit recall
General Motors has recently announced another recall which is affecting a total of 1.3 million units this time in the American market because of a problem with the power steering. The ...
Recall roundup: More than 650,000 GM vehicles – number reaches almost 5m
General Motors has announced a recall for more than 650,000 SUVs, trucks and Cruzes for ill-fitting transmission oil cooling lines and right front axle half shaft, which can fail. The hits ...
Delphi Officials: GM Approved Design of Switches Although They Did Not Meet Specifications
New data in the GM recall hearing revealed that the automaker approved the design of switches 12 years ago although it knew the model did not meet specifications. Delphi officials, the ...
Breaking: GM Has Ignored Proposed Ignition Switch Fix in 2005 Due to High Costs
According to new documents from the US congressional investigators, GM refused a proposed fix of the ignition switches in the Chevrolet Cobalt back in 2005 due to high piece and ...
GM Adds 971,000 More Vehicles to the Faulty Ignition Switch Recall
After GM recalled 1.6 million vehicles in February due to faulty ignition switches, now the US automaker is adding 971,000 other cars. The US automaker has recalled a totaled of 2,591,665 ...
Barclays Analyst Says GM to Pay More Than $2 Billion Settlement for Recalls
Barclays analyst Brian Johnson believes that US automaker General Motors will ultimately go for a settlement fund of between $1-$1.5 billion for the customers affected by the recalls. Brian Johnson released ...
US Automaker General Motors Names New Treasurer
US automaker General Motors has named Niharika Taskar Ramdev its new treasurer. Niharika Taskar Ramdev will be replacing General Motors Treasurer Jim Davlin who is resigning and will serve as GM's ...
California Lawsuit: There Are More Faulty GM Vehicles than in Recall
The lawsuit against US automaker General Motors, filed at the beginning of this week in San Francisco, also includes plaintiffs who own GM vehicles outside the recall. According to the suit ...
GM CEO Mary Barra Scheduled to Testify Before US Congressional Panel Regarding Recalls
General Motors' CEO Mary Barra will testify on April 1 at a US congressional hearing regarding the company's more than 10 years delay to recall vehicles with faulty ignition which ...

latest automotive news
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Ford's sales in Europe rose by 12% in March, accounting for the 10th  consecutive monthly gain, thanks to high demand ...
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We caught the facelifted Audi S7 track testing
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Audi Q7 spied wearing heavy disguise
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[Video] Porsche 918 Spyder gives you a hot POV lap
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[Video] Rare 1964 Ford GT40 prototype sold for $7 million
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Tesla Model S becomes a convertible
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Former Audi R&D Boss Named CEO of Bugatti and Bentley
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[Video] 2015 Nissan Murano debuts in New York
One of the originators of the crossover movements, Nissan’s Murano SUV is entering its third generation, with the official public ...
[Video] Ford Takes 2015 Mustang on the 86th Floor of the Empire State Building
US automaker Ford Motor will commemorate a stunt performed 50 years ago, by putting the new 2015 Mustang GT convertible ...
Opel Relies on Crossovers to Return to Profit
Opel will target crossovers, part of its return to profit strategy and to boost sales. "We will move more into crossover ...
Volvo makes life easier for the parents
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[Video] Land Rover reveals Discovery Vision Concept
Jaguar Land Rover counts the US as one of its biggest and most important markets, which is why Land Rover ...
Red Bull to ‘move on’ after losing appeal
Apr.15 (GMM/Inautonews.com) Red Bull has lost its appeal against Daniel Ricciardo's Melbourne disqualification. Following Monday's hearing in Paris, the FIA ...