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WASHINGTON — A federal appeals court on Friday upheld a decision to dismiss a $3 billion 2012 suit brought by Dutch carmaker Spyker Cars NV against General Motors Co. for blocking its sale of Saab Automotive AB to a Chinese buyer, reported The Detroit News. The suit contended that GM — which sold its struggling ... Read More »
Read More →DETROIT – General Motors announced Thursday net profit of $1.4 billion in the third quarter, compared to earnings of $0.7 billion in the third quarter of 2013, reported MLive. The 100 percent year-over-year improvement comes despite incurring a loss of $0.3 billion in the period, stemming in part from flood damage at the GM Technical ... Read More »
Read More →DETROIT, MI – General Motors released a statement Tuesday throwing its support behind HB 5606, proposed Michigan legislation now on Gov. Rick Snyder’s desk that California electric car maker Tesla Motors calls “anti-Tesla,” reported Michigan Live. “We believe that House Bill 5606 will help ensure that all automotive manufacturers follow the same rules to operate ... Read More »
Read More →DETROIT, MI – The National Highway Traffic Safety Administration is urging owners of some 4.7 million General Motors, Honda, Mazda, BMW and Nissan cars to have defective airbags made by Japanese auto parts company Takata Corp. replaced immediately. The full list of affected vehicles is below, reported Michigan Live. NHTSA began a probe of the ... Read More »
Read More →DETROIT (AP) — General Motors’ chief lawyer Michael Millikin, who withstood withering criticism from lawmakers for his department’s handling of an ignition switch recall, is retiring early next year, reported Michigan Live. GM says in a statement that the 66-year-old Millikin will stay on until a replacement is on the job. During a July Senate ... Read More »
Read More →A program to compensate victims of a faulty ignition switch in General Motors Co (GM.N) vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program, reported Reuters. Since it began accepting ... Read More »
Read More →General Motors was hit with its biggest lawsuit so far over serial recalls, brought on behalf of drivers of 27 million vehicles who are seeking more than $10 billion in compensation for fallen car prices, reported Detroit Free Press. The class action against GM aims to represent everyone who bought or leased a recalled car ... Read More »
Read More →YONKERS, N.Y. — An administrative judge from New York’s Department of Motor Vehicles said Wednesday that General Motors’ (GM) statewide sales benchmark is unreasonable, ruling that the automaker cannot enforce a post-bankruptcy agreement with one of its dealers, Beck Chevrolet Co. Inc. Administrative Law Judge Walter Zulkoski found that the manufacturer’s sales benchmark was unfairly ... Read More »
Read More →General Motors Co. will recall about 7,600 Chevrolet Caprice police vehicles for a transmission issue, making this the 75th safety recall action the auto maker has taken this year and putting the number of total vehicles recalled by the company in North America at well over 30 million, reported The Wall Street Journal. The recall, ... Read More »
Read More →DETROIT, Mich. – The number of approved death compensation claims related to a recall of a faulty General Motors ignition switch now stands at 24, up from 19 last month, reported Michigan Live. The claims were approved by a fund set up by GM to compensate victims of a defective part in mid-to-late-2000s model cars ... Read More »
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