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GM Dropping Logos

The company’s cars featured the logo on the front door, and GM believed that the badge conveyed a sense of "Made in America" pride to their customers.

Today, General Motors is more interested in giving each of its surviving brands, Buick, Chevrolet, GMS and Cadillac, their own sense of identity, and is therefore removing the GM logo.

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GM Gets Back to Production

Ford announced an increase in production for the third quarter of 18%, and estimates an increase of 33% for next quarter.  General Motors also announced a production increase, building 60 000 new vehicles in the past 6 months.

This good news means that over 1350 employees will be returning to work at various sites, including Lordstown, Ohio, and Camri, Ontario.

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GM Confirms Sale of Saab

Saab will be sold to the small Swedish automaker this month, according to an official statement made by America’s GM auto company.

However, there are still loose ends that need to be tied concerning details of the sale. Some sources have contradicted the recent news regarding the percentage of shares to be sold, with reports that General Motors may end up remaining a minor share holder, keeping about 10%.
In addition, Koenigsegg has not yet received confirmation regarding the Swedish government backing a loan from the European Investment Bank. The company intends to borrow a whopping 4.3 billion Swedish kronor, which equates to approximately 650 million Canadian dollars.
Final details are expected to be disclosed within one month.
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GM revient dans le marché de la location

Le vice-président de GM, Bob Lutz, a confirmé que sa société louerait à nouveau des véhicules dans un avenir rapproché.

Le dirigeant a du même souffle révélé que ces locations ne s’appliqueraient qu’aux modèles haut de gamme du constructeur. Pour GM, louer des véhicules de masse n’est pas rentable. 

De plus, selon Lutz, le marché des véhicules de luxe est très friand des locations. Le constructeur n’a donc pas le choix s’il veut demeurer concurrentiel.

Selon le Wall Street Journal, GMAC, la filiale financière de GM, s’apprêterait à revenir à la charge avec des locations dès le 1er août. L’information n’a pas été confirmée par General Motors.