General Motors announced today an additional $332 million investment to support production of its new family of six-speed transmissions at its transmission plant here. This latest investment brings GM’s total spending on fuel-saving six-speed automatics to $1.7 billion in its U.S. operations since 2003. The investments support the company’s plans to build three million units of these transmissions annually by 2010.
"Raising the bar on the execution of new products is a critical part (...) > Full story
The new Hydra-Matic 6T70 and 6T75 front- and all-wheel drive six-speed automatic transmissions will debut in several GM models in 2007. The Saturn Aura and Pontiac G6 will offer the 6T70 as an option, and the 6T75, which is rated for higher torque capacity, will be standard in the Saturn Outlook, GMC Acadia and Buick Enclave crossovers.
The 6T70/75’s clutch-to-clutch operation and 6.04:1 overall ratio help the transmissions deliver both performance and fuel economy, enabling up to 7 (...) > Full story
The state-of-the-art full hybrid system, whose components are being co-developed by General Motors Corp., DaimlerChrysler and the BMW Group for production beginning next year, represents a major automotive industry milestone due to the unprecedented fully integrated combination of electric motors with a fixed-gear transmission.
As a result of its low- and high-speed electric continuously variable transmission (ECVT) modes, the system is commonly referred to as the 2-mode hybrid. However, (...) > Full story
The GMC Division of General Motors today donated two 2007 GMC Yukons to Los Angeles and Las Vegas law enforcement as part of an initiative with the hit television series, "CSI: Crime Scene Investigation." Working closely with Jerry Bruckheimer Television and the show’s writing staff and forensic consultants, GMC has designed and manufactured the "Mobile Analysis Unit" (MAU), a re-engineered 2007 GMC Yukon Denali. Elements of this unique collaboration include:
A (...) > Full story
GMC’s first large crossover vehicle, the all-new 2007 Acadia, will be one of the first products at General Motors Corp. to be built on the company’s new Lambda platform, which also will underpin the new Buick Enclave and Saturn Outlook. The ’07 Acadia will be introduced, along with the Outlook, in late 2006, with the Enclave to follow in spring 2007.
GM has not announced what engines will power the Acadia and its siblings, but executives say the Lambda platform can accommodate V-6 and V-8 (...) > Full story
An investor group led by affiliates of Kohlberg Kravis Roberts & Co. (KKR), Five Mile Capital Partners, LLC, and Goldman Sachs Capital Partners has completed the acquisition of a majority interest in GMAC Commercial Holding Corp. (GMACCH) from General Motors Acceptance Corporation (GMAC).
GMAC, the wholly-owned financial services subsidiary of General Motors Corporation (GM: NYSE), sold 78 percent of its equity in GMACCH, up from the previously announced 60 percent target, in exchange (...) > Full story
General Motors Corp. , the United Auto Workers union and Delphi Corp. have reached an agreement to reduce the number of U.S. hourly employees through an accelerated attrition program. The agreement, which is an important contributor to GM’s turnaround plan in North America, is subject to approval of Delphi’s participation by the Bankruptcy Court.
The program is expected to be offered to U.S. hourly employees at GM and select UAW-represented members of Delphi’s hourly work force. It will (...) > Full story
General Motors Corp. announces the ’07 GMC Yukon SUV, which is on sale now, reportedly carries a base price of $34,690, some $890 less than the previous-generation ’06 model. Lower pricing on the all-new GMT900-based vehicles reflects GM’s effort to move closer to actual transaction levels and reduce incentive spending.
Premium trim-level Denali SUVs reportedly are set to go on sale shortly and will start at $47,990, a $2,070 drop from ’06 models. Long-wheelbase XL (...) > Full story
Many owners of new GM vehicles may remember 2006 as the last year they ever got lost while driving, thanks to Turn-by-Turn Navigation, the first factory-installed, fully integrated GPS navigation system from OnStar by GM.
OnStar Turn-by-Turn Navigation allows consumers to talk to a live advisor, who in turn sends complete step-by-step directions to customers’ vehicles through their OnStar system. Audio directions are then automatically piped through the vehicle’s stereo as they are (...) > Full story
With tons of dirt and a dose of speed, the corner of Paradise Road and Sahara Avenue will be transformed in spring of 2006 when General Motors opens the doors of “The Drive,” a unique hands-on driving experience that will be the first of its kind within the United States.
Featuring two professionally-designed driving courses – including a high performance loop and an off-road adventure over a dirt terrain – The Drive will provide a unique “autotainment” experience adjacent to the Las Vegas (...) > Full story