Just last week – only 16 months since emerging from bankruptcy reorganization – GM has cut the U.S. Treasury’s ownership stake from more than 60 percent to approximately 33 percent. And in lieu of once again being traded on the New York Stock Exchange – the first step in re-entering the public sector – The General has prepared a minute-long “Thank You” video thanking all Americans (and Canadians). Continue reading for the spot.
Initiating Standard & Poor’s coverage of General Motors is a Monday report by S&P analyst Efraim Levy, who said his price target for GM is $36 (per share). Levy expects GM to earn $2.78 (per share) in 2010 and $3.62 (per share) in 2011; a multiple of ten was used for the 2011 estimate.
Levy said that GM can now take advantage of a bankruptcy that brought “reduced operating and borrowing costs and a greater focus on its remaining vehicle brands.” He also mentioned expected rising industry sales in 2011, which will be partially offset by higher raw material costs. Continue reading for a brief Ford comparison.

Do you have $7,000? If so, you could purchase a brand-new Baojun 630, the first model ever for the all new brand. And it looks good. Continue reading.

We know. We can’t stop smiling either. After rumors of the reincarnation of the Pontiac G8 began circulating earlier this week, (even after our own April Fool’s joke) it’s turning out to be true. According to Motor Trend, a plethora of their sources all confirmed the upcoming arrival of a Zeta-based sedan for the public. Oh, and it won’t be dubbed “Impala.” AWESOME! Continue reading.

Adding to the growing list of prestigious accolades for both the Cadillac CTS-V and Chevrolet Volt is their appearance on the list of Car and Driver’s 10 Best for 2011, the magazine’s highest honor. Continue reading.
When General Motors held its IPO last week, it raised $20.1 billion, becoming the largest IPO in U.S. history. The sale significantly cut the government’s stake in The General to 37 percent, nearly halving the Treasury’s ownership. Continue reading.

Remember when we reported on General Motors and Shenghai Automotive Industries Corp. working on plans to develop new four-cylinder engines and double-clutch transmissions? Of course you do. If you didn’t, shame on you. Anyway, the partnership has gone on to sign a non-binding Memorandum of Understanding (MoU) that sets an outline on how the two will collaborate on the development of these future powertrains, as well as setting focus on alternative energy vehicles. Continue reading.

Much like the boiling demand to once again see a reincarnation of the Pontiac G8, scores of individuals are hoping to one day see the Chevrolet El Camino in dealerships. What was once going to be the stillborn Pontiac G8 ST here in States, the Holden Commodore Ute is just another vehicle from Australia that makes many Yanks jealous. Now an Aussie has gone and done something to make them even more jealous. Continue reading.

Since the NASCAR Sprint Championship Series has been around, nobody has won it more – let alone five in a row – than Jimmie Johnson. This win puts the 35-year-old Johnson in the running for the title of one of the best NASCAR drivers of all time, right up there with legends such as Dale Earnhardt Sr. and Richard Petty.
It should also be noted that every single NSCS Championship Johnson won, he was driving a stock car with an engine supplied by Chevrolet. His win also clinches the 34th Manufacturer’s Championship for Chevy – the most won (by far) by a single brand, with Ford coming in a distant second, having just 15. Continue for 30-second video.

“Folks, of all the cars, no offense, General Motors, please, but of all the cars in the world, the Chevrolet Volt is the Car of the Year? Motor Trend magazine, that’s the end of them. How in the world do they have any credibility? Not one has been sold. The Volt is the Car of the Year.” – Rush Limbaugh Oh no he didn’t! Continue reading.
