General Motors

GM to temporarily halt production of Chevrolet Volt

GM to temporarily halt production of Chevrolet Volt

Unsatisfactory sales of Chevrolet Volt forced General Motors Co. (GM) to pause production of the plug-in hybrid for five weeks beginning later this month.

The American auto-giant recently announced that it would temporarily halt production of Chevrolet Volt at Detroit Hamtramck plant from March 19 until April 23.

The manufacturer's decision will affect around 1,300 workers.

The move comes despite an increase in sales of the plug-in hybrid in February. Last month, GM sold 1,023 units of the environment-friendly car, considerably up from 603 in January.

General Motors plans to introduce six models in India

General Motors plans to introduce six models in India

General Motors India Pvt. Ltd. has introduced its first engine model on Thursday. Company is very positive with its move to capture emerging automobile market in India.

Company executives said that initially company will offer this 1.2 liter gasoline engine in the Chevrolet Beat small car from Feb. 1 and later on it will be implemented in other models as well.

GM observed lifting up $10 Billion in IPO

GM observed lifting up $10 Billion in IPO

General Motors is anticipated to value its Equities amid the range of $26 and $29 lifting approximately $10 billion in an initial public offering, as per the reports.

In the meantime, the U. S. government is anticipated to trim down its bet in the automaker to approximately 43% from 61% not counting any additional share allocations bankers might provide to please burly demand, as per the reports accounted by the Associated Press, stating three people concise on the IPO.

General Motors sales grow 13% in September in India

General Motors sales grow 13% in September in India

Auto giant, General Motors has recorded a growth of 13% in sales in September 2010 compared to the same period last year, in India.

The company sold 8617 units in the month compared to 7654 units sold in September 2009. The total sales included 2753 units of Chevrolet Beat, 2424 units of the Chevrolet Spark, 1578 units of the Chevrolet Tavera, 847 units of the Chevrolet Cruze, 325 Units of Chevrolet Aveo, 287 units of Chevrolet Aveo U-VA, 236 units of Chevrolet Optra and 167 units of the Chevrolet Captiva.

GM bets big on Talegaon Engine plant

GM bets big on Talegaon Engine plant

It has been learned from the sources that the Indian subsidiary of General Motors, General Motors India (GMI) will be inaugurating its engine plant at the Talegaon on the 12th of November.

It is to be mentioned here that this plant will be first flexi plant from General Motors that will produce both diesel and petrol engines, anywhere in the world. P Balendran, VP, GMI, said that the company will be producing the diesel one litre engine for the Beat to start with and it will be the first locally made diesel engine for GM India.

GM’s engine plant operational by November

P Balendran

According to a top official in the Indian subsidiary of the American giant General motors, it has been learned that the company would roll out engines from its Powertrain (Engine) manufacturing facility at Talegaon in Maharashtra by November second week. General Motors India, Vice President, P Balendran said that the plant will be GM's first flexi engine plant where both petrol and diesel small car engines would be manufactured together.

Moreover, Balendran also pointed out the fact that the company had invested Rs 5,000 crore in India so far and was deeply committed to the market.

GM's India advantage

GM's India advantage

After the global automotive giant, General Motors made its way onto the Chapter 11, the company has been able to make a strong comeback in various major markets.

However, similar to what several other automakers are doing, GM is also banking on emerging markets to drive its growth for the future and India is a vital part in this strategy of the company.

It is to be mentioned here that the company plans to launch 70 new or upgraded models across international markets by the year 2014 and India is undeniably a very important pillar in this strategy.

GM India clocks 112% growth in June

GM India clocks 112% growth in June

The Indian arm of the American automaker, General Motors has been growing by leaps and bounds since it has launched its Beat in the Indian market.

Notably, the company has registered an impressive growth of 112% in sales in June 2010, compared to the corresponding period last year. It is to be mentioned here that the company sold close to 9539 units in June 2010 against 4492 units in June 2009.

Car makers expected to follows GM' 3% price hike

Car makers expected to follows GM' 3% price hike

General Motors has said that it is going to increase the price of all its models in between 2-3 per cent. The auto maker said that this step is to be taken since the cost of inputs has gone up phenomenally.

Talking to the media, the Vice President of GM India, P Balendran said that the price hike is applicable in eight models of GM. And the increased price will become applicable from the first week of July itself.

GM to rise prices 3%, others may follow

GM to rise prices 3%, others may follow

General Motors India the famous auto major said that it would raise the prices of it’s models by 2-3% from next month as the input cost is getting high.

P Balendran the vice president of General Motors India told that they would rise the prices of all eight models by 2-3% which will be effected from the first week of July.

As the prices of materials like steel and rubber are rising it was necessary for them to take the step.