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2010 Cadillac Fully Revealed...Finally After months of teasing...we see the whole SRX. www.gminsidenews.com
January 4, 2009
Cadillac's latest version of the SRX luxury crossover has LOTS of changes to it. This new SRX is based on the new TE (Theta-Epsilon) platform; which is not the same one underpinning the Equinox or Vue! This new luxury crossover platform is front-wheel drive based (a first for the SRX) with optional AWD and an Electronic Limited Slip Differential. Read on for all the details.
GM has one NAIAS vehicle left to reveal. We probably won't be seeing it until sometime around the 11th.
Regal Not Yet Approved For NA Will the U.S. get one of Buick China's newest??? www.gminsidenews.com
December 30, 2008
Lately there have been a lot of rumors surrounding the recently launched Buick Regal in China. The Regal is actually an Opel Insignia with Buick badging and cosmetics. The rumors have been regarding whether or not the Regal would make its way to the North American market. With Saturn’s future totally up in the air and Buick wanting to align its lineups between China and North America…it seems like a logical move. We want to clarify the Regal’s current status for North America to silence some of the rumors going around.
As or now the Buick Regal has NOT been approved within GM to be sold in North America. The only market that has been fully approved for the Regal is China (obviously). Initially the next-generation Saturn Aura was supposed to be a rebadged Opel Insignia. The new Aura was going to launch in Fall 2009 as a 2010 model, with it being assembled at GM’s Fairfax, Kansas plant. As GMI reported first back in June, the Aura has been pushed back and now appears to be on hold entirely. With the recent news of Saturn on the... [Read More]
Breaking: GMAC To Get $6 Billion One major hurdle passed for GM....
December 29, 2008
The U.S. government said on Monday it was pumping $5 billion into auto and mortgage lender GMAC and lending up to $1 billion to automaker General Motors ensuring the solvency of a company considered crucial to GM's survival.
The Treasury Department said it would buy $5 billion in senior preferred equity with an 8 percent dividend from GMAC. It also said it is lending up to $1 billion to GM to help GMAC reorganize itself as a bank holding company.
The U.S. Treasury Department said it was dipping into a $700 billion bailout fund to buy equity in GMAC and lend to GM [GM 3.60 -0.06 (-1.64%) ], the latest in a string of capital injections aimed at easing the worst credit crisis since the 1930s.
GMAC won Federal Reserve approval to become a bank holding company last week, giving it access to the emergency source of funds and helping it avoid bankruptcy.
GM Reveals 2010 Equinox GMI has complete coverage of the GM's latest crossover. www.gminsidenews.com
December 21, 2008
By: Nsap
After nearly five years on the market, the Chevrolet Equinox crossover is getting a full replacement! The current Equinox has been strapped with the ancient, Chinese-built 3.4L OHV V6; likely limiting its success due to dismal power and fuel economy ratings. At any rate, the Equinox has been a fairly successful vehicle in it's tenure on the marketplace. The new Equinox will likely meet all of the bases. We have the welcomed addition of a four-cylinder model and an all-new V6 model. Also added: all the technology options one could want! Hit up the links below for every known detail and photo of the new 'Nox.
Breaking: GM/Chrysler To Get $17.4 Billion In US Loans Is this fiasco finally over???
General Motors and Chrysler will receive up to $17.4 billion in short-term loans from the US government as part of an aid package to the troubled auto industry.
According to details of the plan made available to CNBC.com. the package involves $13.4 billion in short-term financing from the $700 billion Wall Street bailout fund, known as TARP.
An additional $4 billion will be made available in February, though that will be contingent on drawing down the remaining $350 billion of the TARP fund.
The money comes with strings attached. If the companies are not viable by March 31, 2009, the loan will be called and all funds returned to the Treasury, according to the plan.
The terms also include limits on exceutive pay and warrants for non-voting stock.
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