GENERAL MOTORS

HOV-Lane Access Drives Electric Car Sales In California

4. 2012 Chevy Volt.
Sales of the Chevrolet Volt Hybrid-Electric Vehicle (HEV) have experienced a resurgence in California following tweaks that now allow the car from General Motors Company (NYSE: GM) to qualify for High Occupancy Vehicle (HOV) lane access.
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US Manufacturing Jobs Begin The Long March Back From China (And Elsewhere)

The U.S. had been losing industrial jobs to low-cost countries, particularly in Asia, for years, but its manufacturing sector appears to be staging a surprising turnaround. In 2009, manufacturing accounted for about 11 percent of U.S. gross domestic product; in 2011, the comparable figure was 12.2 percent.

General Motors Launches $26 Billion Pension Buyout

General Motors Company (NYSE: GM) will provide certain salaried retirees with a lump-sum pension payment offer in lieu of normal monthly pension payments, a move which is expected to reduce the pension obligation of the nation's largest automaker by $26 billion, the company announced Friday.
New Cars Dealership

May US Car Sales: American Automakers Gain, GM Predicts Return to Prerecession Levels, Toyota Surges

Sales grew across the board in May for U.S. automakers with Chrysler Group LLC, a subsidiary of Italian Fiat S.p.A. (Milan: F), leading the way in growth and General Motors Company (NYSE: GM) leading in volume, while Ford's car and truck sales remained strong on demand for fuel-efficient vehicles. The Asian carmakers also reported U.S. sales on Friday with Toyota Motor Corporation (NYSE: TM) enjoying bumper growth of 73 percent.
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Ford Readies First Set Of Landmark Pension Buyouts

Ford Motor Co will pursue its boldest attempt yet to tackle a nearly $50 billion risk to its business when it begins offering lump-sum pension payout offers to 98,000 white-collar retirees and former employees this summer.
Auto Factory

Strong May Car Sales Drive US GDP Growth: Kelley Blue Book

U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. Moreover, increasing car sales are now a primary driver of U.S. GDP growth, according to a Wednesday report by Kelley Blue Book.
General Motors issued fourth-quarter results Thursday.

General Motors Won't Advertise During 2013 Super Bowl

The General Motors Co. (NYSE: GM), the largest U.S. automaker, said Friday it will not advertise during the broadcast of the 2013 Super Bowl as it shifts its advertising strategy, according to the Wall Street Journal.
Traffic signs leading the way toward the exit of the parking facility outside the headquarters of German car manufacturer Opel in Ruesselsheim

GM Picks UK for Opel/Vauxhall Astra Upgrade

General Motors Company (NYSE: GM) announced Thursday it will build its next generation Vauxhall/Open Astra cars at two factories in Ellesmere Port, UK and Gliwice, Poland, leaving the company's Bochum, Germany plant facing closure.
3. Warren Edward Buffett –United States

GM Shares Climb On News of Berkshire, Buffett Investment

Warren Buffett's investing powerhouse, Berkshire Hathaway Inc. (NYSE: BRK.B) took a 10 million share stake in General Motors Company (NYSE: GM) during the first quarter, an investment it disclosed Wednesday, delivering a 2.29 percent bump to car company's shares and a welcome dose of investor confidence.
Facebook

GM Ditches Facebook Ads Ahead of IPO, Rest of Auto Industry Stands By

General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.

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