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Less than two years after emerging from bankruptcy,General Motors Co.has regained the title of the world's largest automaker. GM's worldwide sales rose 7.6% to 9 million vehicles in 2011. The Detroit manufacturer last held the top spot in 2007 before it was surpassed byToyota Motor Corp.the next year. Chevrolet, GM's flagship brand, set a record by selling nearly 4.8 million vehicles. That was more than what many entire auto companies posted in sales last year, including Nissan and Honda. "It is an accomplishment that GM has been able to reverse the tide in the U.S. and Asia, and they are...

Published on Sunday 5th of February 2012 07:38:46 PM Read more...

WASHINGTON—U.S. authorities said Tuesday they had charged two men in an Iranian-directed plot to assassinate the Saudi Arabian ambassador to the U.S. The alleged assassination plot would represent an escalation in the confrontation between mostly Shiite Iran and mostly Sunni Saudi Arabia, two longtime Middle East rivals. The charges are also a rare instance of Washington accusing Iranian groups of fomenting terrorism on U.S. soil. Elements of the Iranian government were ready to spend $1.5 million to hire what they believed was a drug-cartel hit squad from Mexico, said U.S. Attorney General Eric Holder. Prosecutors filed several criminal charges against...

Published on Sunday 5th of February 2012 07:38:46 PM Read more...

Federal bailout funding may have prevented General Motors from going through a normal bankruptcy process, but it has come at a significant price in terms of reputation and potential buyers. Fifty percent (50%) of American adults are less likely to buy a GM car because of the bailout. A new Rasmussen Reports national telephone survey finds just four percent (4%) are more likely to buy from the company that critics refer to as Government Motors. Forty-two percent (42%) say the bailout has had no impact on their buying plans one way or the other. The flip side of the data...

Published on Sunday 5th of February 2012 07:38:46 PM Read more...

Are GM sales in the tank?? Is GM in big trouble?? I walked by a GM dealership today. A few months ago I had been checking out a Chevy Volt, and the dealership seemed a bit odd, but basically OK in appearance. Now the dealership site is a mess. Evidently the lot went from being a new Chevy-GM dealership to a generic warranty pre-owned car lot. There still is one Chevy Volt there. There are many pre-owned GM cars there along with the usual sprinkling of non GM used cars that one would normally expect. What caught my eye is...

Published on Sunday 5th of February 2012 07:38:46 PM Read more...

Why your next car may not have a spare wheelAFP Relax – Wed, May 25, 2011 Chevrolet has chosen to remove the spare wheel from one of its US models, opting instead to include a puncture repair kit, just as Michelin announces a tire that can't puncture -- does this mean the end of the spare wheel? A long-held fixture in today's cars, spare wheels are little thought about but often essential, especially when a long distance from home. Statistics suggest European drivers suffer a puncture every 75,000 kilometers on European roads, although the number falls to every 3,000 km...

Published on Sunday 5th of February 2012 07:38:46 PM Read more...

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