General Motors

General Motors Agrees to Pay $900 million Over Faulty Ignition Switch Scandal

General Motors Agrees to Pay $900 million Over Faulty Ignition Switch ScandalTo

Reportedly Federal Prosecutors Reached Agreement With G.M. Over Defect in its Cars

Reportedly Federal Prosecutors Reached Agreement With G.M. Over Defect in its CarsOn Wednesday, some people with knowledge of the matter said that the Federal prosecutors have reached an agreement with GM to resolve a criminal investigation which was initiated to probe how the automaker bypassed the law by hiding a fatal problem which existed in some of the ignition switches installed in its small-car.

GM May Have to Pay Record High Penalty for Ignition Switches

General MotorsThe U.S. government is deciding whether General Motors or some of the company's employees will be facing criminal charges for faulty ignition switches in some of the models delivered by the car maker said a source that is familiar with the investigation.

At 15.6 million the Annual sales for US automakers attain 6- Year high

At 15.6 million the Annual sales for US automakers attain 6- Year high After 2007, it was the best year for US auto sales and among the leading winners were the car companies from Detroit.

On Friday, automakers said that in spite of weaker-than-expected results in December, the industry sold 15.6 million new cars and trucks in 2013 which represent a healthy 7.6 per cent boost over the previous year.

Investment of $258M in Milford Twp. data center by GM

Investment of $258M in Milford Twp. data center by GMThe General Motors Co. stated on Monday that it will be spending an amount of $258 million for developing and aiding advance data center at its Milford Proving Ground in Milford Township. It will be backing up the new data center at the Warren Tech Center.

GM Reveals New and Improved 7th Generation Corvette

gm-CorvetteWait is over, as General Motors has finally revealed the much awaited seventh generation Corvette. One of the person's, who was found to be quite happy to talk about the changes been introduced in the novel model is Tadge Jeuchter, chief engineer at Corvette.

Tadge was of the view that there is nothing, which one could say is similar as they changed everything. They have worked a lot and have redesigned almost all the parts, said he.

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