Automobile industry
General Motors (GM) has begun manufacturing advanced lithium-ion batteries for its new electric vehicle, the Chevrolet Volt. The batteries will be produced at GM's Brownstown, Michigan battery pack assembly plant, which was converted from an empty facility in just five months. The Volt's battery pack is
Automobile industry
Michigan Governor Jennifer Granholm believes that the state's manufacturing sector is undergoing a transformation, driven by the transition to electric vehicles and alternative energy. The Governor stated that the production of lithium-ion battery packs for the Chevrolet Volt at General Motors' new battery plant in Brownstown Township
Automobile industry
Congressional hearings on government ownership and dominant shareholder influence highlighted significant concerns regarding transparency, accountability, and the lack of meaningful say on pay for shareholders. The December 2009 hearing, chaired by Representative Dennis Kucinich, brought forth expert opinions from various fields, shedding light on the complexities of government intervention in
Automobile industry
Toyota, the world's largest automaker, is increasing its pace to introduce plug-in hybrid vehicles, bucking its earlier reluctance to market lower-emission cars. The company's decision comes as its rivals, including General Motors and Nissan, are surging ahead with their own plug-in models. Toyota's executive
Automobile industry
General Motors, the once-troubled giant of the automotive industry, has shaken its leadership with the sudden departure of CEO Fritz Henderson. The move comes after a period of intense tension between Henderson and the company's board of directors, particularly over the sale of foreign units like Saab and
Automobile industry
When a company like General Motors loses its CEO, the reaction from the family members of the ousted executive can be dramatic. For Sarah Henderson, daughter of GM's ousted CEO Fritz Henderson, the reaction was short-lived but explosive. Within minutes of the announcement, she posted a scathing message
Automobile industry
Market conditions have started to rebound, with a desire to return to "business as usual" among General Motors (GM) and Chrysler dealerships. Quorum Information Technologies Inc. (Quorum) saw a significant increase in qualified leads, with a 35% growth in the third quarter (Q3) of Fiscal Year (FY) 2009,
Automobile industry
General Motors Corporation is facing pressure to present a restructuring plan for its Adam Opel AG unit before governments decide how much money to provide to the struggling automaker. German Deputy Economy Minister Jochen Homann stated on Monday that GM should present its plan before governments make a decision, citing
Automobile industry
American consumers are feeling increasingly pessimistic about the economy and their financial futures, according to a pollster and author who spoke at the Greater New Haven Chamber of Commerce's Business Expo. Frank Luntz, author of "What Americans Really Want ... Really: The Truth About Our Hopes, Dreams, and
Automobile industry
European car sales showed a mixed development in October 2009, with Volvo Cars reporting a 15.8% year-on-year growth in sales, while Saab Automobile AB experienced a 65.1% decline. The industry as a whole saw a 11.2% increase in new passenger car registrations, with western Europe leading the
Automobile industry
Ed Whitacre, chairman of General Motors, will deliver a keynote address on the American automobile industry and the global economy at Texas Lutheran University (TLU) on November 10. The event, which is free and open to the public, will take place in Jackson Auditorium at 7:30 p.m. and
Automobile industry
General Motors' decision to cancel its plan to sell a majority stake in its German unit Adam Opel GmbH to Canadian car-parts maker Magna International and its Russian partner, Sberbank, marks a shift in the company's business environment. The US automaker cited an improving business environment and
