General Motors has been speeding down the track like a train with a purpose. What is GM’s purpose? To pay out all of their outstanding loans and invest for a better tomorrow. General Motors Chairman and Chief Executive confirmed today that General Motors has made payment on the $5.4 billion loan (2 billion of the loan was already paid) to the U.S. government, $700M of which was interest. Ouch. This payment was made five years ahead of schedule and illustrates GM’s progress since declaring bankruptcy last July. General Motors has also been able to repay loans to the Canadian and Ontario governments totaling $1.1 billion (in addition to the $400 million already paid). How’s that for progress?
The Chevrolet Malibu is General Motors mid-size automobile. Currently in its seventh generation with an eight generation on the horizon, the Malibu is the most successful Chevy sedan, which is illustrated in the many awards received by the vehicle. This Toyota Camry and Honda Accord competitor is powered by a few different options. The first is a 2.4L I-4 electric/hybrid engine producing 164hp and 159 lb-ft of torque. The second choice is a 2.4L I-4 engine with 169hp and 160lb-ft of torque, and the third is a 3.6L V6 cranking out 252hp and 251 lb-ft of torque. Engines are mated to either a 4- or 6-speed automatic, continuously variable transmission. The hybrid model adds 4mpg to the standard Malibu, leaving the figures at 17-26 city and 26-34 highway.
GM is working on leasing four retail spaces to open a “Test Drive Studio” that would offer consumers a chance to test drive cars from rival manufacturers, including three of rival Chevrolet’s vehicles before purchasing them, The test drive program will launch in Chicago, Los Angeles, Miami, and Philadelphia and will include the Equinox , Traverse , and Malibu as well as rival vehicles by Ford , Toyota , and Honda .
"You come in and drive any of these competitive products at your leisure," Steve Tihanyi, GM’s general director of marketing services, said during a conference in Chicago. "You don’t have to go running around town to go to a bunch of dealerships."
"It fits perfectly with ’May the best car win,” Tihanyi said of a slogan used by GM in recent advertising. "We’re going to see how it plays out."
The program is due to launch by mid-spring.
Chevrolet’s popular, award-winning 2008 Malibu offers an expanded range of customer choices this spring, with an efficient four-cylinder/six-speed automatic combination offered on LTZ models.
A 2.4L Ecotec engine is partnered with a 6T40 transmission to deliver a great balance of performance and fuel efficiency. The EPA-estimated fuel economy for this combination is 22 mpg in the city and 32 on the highway.
The new Malibu LTZ model has a MSRP of $26,245 (including a $650 destination charge). It joins an already diverse lineup of Malibu models, ranging from the value-driven LS to powerful V-6 LT and LTZ models, as well as the unique, fuel-saving Malibu Hybrid.
The Malibu LTZ with the 2.4L/six-speed powertrain is distinguishable on the exterior with unique, 17-inch Chrometec wheels and a single, chrome exhaust outlet. Inside is the same upscale interior as V-6-powered LTZ models.
A little surprise this morning for the car of the year, as the Cadillac CTS did not win it, but don’t worry it stays domestic with the other GM flagship, the Chevrolet Malibu.
Gallery 2008 Chevrolet Malibu
The Truck winner was a no brainer, already nominated in half of the car magazines, the Mazda CX-9:
Gallery 2008 Mazda CX-9
Kelley Blue Book the leading provider of new and used vehicle information, announces the Chevrolet Malibu as the winner of the "2008 Best Redesigned Vehicle" award. According to the kbb.com editorial team, the newly redesigned 2008 Chevrolet Malibu is being honored for taking the important mid-size car category to a new level of overall refinement. Specifically, its stylish sheetmetal, attractive interior, well-sorted ride-and-handling characteristics and quiet — all in a very affordable vehicle — combined to produce a value equation that set it apart from the pack.
GM’s product boss, Bob Lutz, stars in a video introducing the new 2008 Chevrolet Malibu. In the video, Lutz introduces the car, explains some of the styling and product concept behind the new car, and also goes into some detail about the manufacturing precision required by it’s styling and body features.
When Lutz was hired at GM, one of the benefits to the corporation was considered to be his expertise at manufacturing techniques that produced precise panel fits. Stick around to the end of the video and you’ll see the obvious pride Lutz takes in the hood of the new Malibu and the way it fits.