Video & Photos : 2013 Chevrolet Malibu

First Video ans Photos : 2013 Chevrolet Malibu

The 2013 Chevrolet Malibu will not be seen  in U.S showroom till next year.
In North-America, the new 2013 Chevrolet Malibu will launch with GM's e-Assist powertrian which combines a 2.4-liter Ecotec direct-injection 4-cylinder gasoline engine linked with a six-speed automatic to a lithium-ion battery and an electric motor-generator that enable regenerative braking electric assist and start-stop functionality. And this gaslion engine produces an output power of 180HP but it receives up to 15 more horsepower at the time of acceleration from eAssist system.

Video : 2013 Chevrolet Malibu

Please share your thoughts in the comments box....... ...!

2013 Chevrolet Malibu: PHOTO GALLERY

Please share your thoughts in the comments box....... ...!

GM confirms 2012 Chevorlet Camaro ZL1 with Automatic 6speed-transmission System

GM confirms 2012 Chevorlet Camaro ZL1 with Autmatic 6speed-transmission

On the occasion of the Candian debut of the 2012 Chevorlet Camaro ZL1. General Motors chief engineer confirmed that a 6-Speed Automatic Transmission System will be offered.

2012 Chevorlet Camaro ZL1 is boosted with an 6.2-liters V-8 engine with an output power of 550HP horsepower and a 550 lb-ft (745 Nm) of torque.

GM has told that 2012 Chevorlet Camaro ZL1 will be launched in the market in the beginning of 2012.

2012 Chevorlet Camaro ZL1 01

2012 Chevorlet Camaro ZL1 02

2012 Chevorlet Camaro ZL1 03

2012 Chevorlet Camaro ZL1 04

2012 Chevorlet Camaro ZL1 05

2012 Chevorlet Camaro ZL1 06

2012 Chevorlet Camaro ZL1 07

2012 Chevorlet Camaro ZL1 08

2012 Chevorlet Camaro ZL1 5-Spokes Alloy-wheels

2012 Chevorlet Camaro ZL1 6.5-Liter V-8 Engine

2012 Chevorlet Camaro ZL1 Cockpit 01

2012 Chevorlet Camaro ZL1 Cockpit 02

2012 Chevorlet Camaro ZL1 Cockpit 03

2012 Chevorlet Camaro ZL1 Cockpit 04

Automakers fear domino effect from GM, Chrysler failure

Sorry, more doomsday BS.

Honda executives tell Trade Minister fallout from financial woes could hurt supply chain

Bruce Campion-Smith Ottawa bureau chief

OTTAWA–The collapse of North American auto giants General Motors and Chrysler could drag down other automakers, International Trade Minister Stockwell Day warns.

Day had met executives from Honda during a trade mission to Japan and reported yesterday they shared his concerns about the potential domino effect from the fallout of the sector's financial woes.

"The supply chain in North America really serves all of the automakers and if the main company goes down, it will pull supply chains down with it. That will affect other automakers whose position might not be so precarious," Day said yesterday in a conference call from Nagoya, Japan.

"If – again, underlining the `if' – if there started to be failure, that would affect all auto companies," Day said. "It's important that the industry survives, because what hurts one could hurt the other."

Ottawa and Queen's Park have said interim loans of $3 billion for GM of Canada Ltd. and $1 billion for Chrysler Canada will be advanced to assist the companies with their restructuring plans.

Honda has survived the recession better than most but even it has been facing "worldwide challenges," Day said. "This is one of the most difficult times Honda has faced.... They're doing their best to stay efficient," he said.

"Companies like Honda are ... relatively well capitalized and can ride out a storm for a while."
Earlier this week, federal Industry Minister Tony Clement prepared Canadians for the possible bankruptcy of GM or Chrysler.

"There used to be a phrase in the auto sector, `too big to fail,'" Clement said. "I don't think that phrase exists anymore."

Source;
http://www.thestar.com/Business/article/616625

More Sad News for GM Fans; General Motors pulls away from Opel

Now that official word has come down that General Motors is abandoning its Saab and Saturn brands, the company announced today that it will also spin off a quarter to half of its stake in its European brand Opel (and it’s British twin, Vauxhall). Opel is a prominent car brand in Europe, and one of the largest carmakers in Germany.

Ironically, until the current financial crisis hit, Opel was one of GM’s more successful operations and it helped support the money-losing North American factories. As recently as a year ago, the automotive giant was pinning its hopes on better integrating its worldwide operations, and selling Opel-designed products in the United States, such as the Saturn Astra. Now that plan may be off the table.

In the meantime, Saturn has asked its dealers for two more months to develop a plan to restructure and look for investors and suppliers as an independent company, once GM quits providing cars for it in 2012. In the end, there’s no reason an independent Opel couldn’t be the manufacturer to build cars for Saturn. We’re just saying…

Source;
http://blogs.consumerreports.org/cars/2009/02/gm-pulls-away-from-opel.html

GM loses $9.6 billion in last quarter bringing the total to $30.9 Billion for 2008

Embattled automaker reports larger than expected in fourth quarter loss and burns through more than $5 billion in cash; says it needs new loans this year.

By Chris Isidore, CNNMoney.com senior writer
Last Updated: February 26, 2009: 9:51 AM ET

NEW YORK (CNNMoney.com) -- General Motors posted a $9.6 billion net loss in the fourth quarter, a period in which its sales plunged and it needed a federal bailout to avoid filing for bankruptcy.

The company also disclosed that it burned through $6.2 billion in cash during the last three months of the year. The company ended the quarter with cash of $14 billion.

If not for the $4 billion federal loan it received in the quarter's closing days, GM's cash level would have fallen below the $11 billion to $14 billion in cash the company has said it needs to continue operations.

Since receiving the first installment of that loan, GM (GM, Fortune 500) has gotten another $9.4 billion in federal assistance. The company asked for an additional $16.6 billion in the turnaround plan it submitted to the Treasury Department last week. GM disclosed Thursday it will need this at least $9 billion of that money in 2009 to weather the current downturn.

The company is expecting to burn through another $14 billion in cash this year, with most of it taking place in the first quarter as the company struggles to deal with weak demand and significant overhead costs.

GM chief financial officer Ray Young said the company's request for more loans was made with that weak outlook in mind.

"We're not forecasting any heroic recovery for the industry in '09," he told investors.
The company also said it anticipates its outside auditors will issue a statement on whether the company is a "going concern." The statement could be important not only to investors but to federal officials who are determining whether the company is viable in the long-term.

If the government determines GM is not viable, it would demand immediate repayment of the company's loans.

The auditor's statement will be included in GM's year-end results filing with the Securities and Exchange Commission. GM disclosed Thursday it had filed for a two-week extension to submit that report.

The company also disclosed that its hourly and salaried pension plans are currently underfunded, on a combined basis, by about $12.4 billion. But GM said it does not anticipate needing to make a further contribution to those funds over the next three years.

GM facing challenges around the globe

As bad as GM's results were, it could have been worse. The company posted a $533 million gain because of the fact that GMAC, the finance unit in which it held a 49% stake during the quarter, got its bond holders to agree to swap debt for equity. GMAC become a bank holding company as a result of the debt swap, which significantly reduced GM's stake in the unit.

Excluding special items, GM lost $5.9 billion, or $9.65 a share, in the quarter. Analysts surveyed by Thomson Reuters had forecast a loss of $7.39 a share, compared to a profit of 8 cents a share on that basis a year ago.

The operating losses were particularly pronounced in GM's core North American market. It lost $3.5 billion before taxes in the quarter, up from a $1.3 billion loss in North America a year earlier.

Revenue in the North American unit plunged about 32% to $19.3 billion. GM's market share also slid 1.7 percentage points to 21%.

But GM, which now sells more than half its vehicles outside of North America, is facing challenges around the globe.

Losses more than quadrupled in Europe, and the company lost money in its Asia-Pacific and Latin America-Africa-Middle East units. GM posted profits in those two regions a year ago.
Overall revenue at GM plunged 34% to $30.8 billion, significantly worse than the Thomson-Reuters forecast of $35.1 billion.

For the full year, GM reported a net loss of $30.9 billion. The automaker has posted net losses of $82 billion over the past four years as its U.S. sales and market share plunged and it closed plants and slashed staff in an unsuccessful effort to stem losses.

Shares of GM fell about 8% in early morning trading Thursday.

Separately, GM rival Ford Motor (F, Fortune 500) filed its own year-end financial statement with the SEC Thursday. Its filing included an "unqualified" statement from the company's outside auditor that "there is no substantial doubt" about Ford's ability to continue as a going concern.

Because it arranged for billions of dollars of asset-backed loans and lines of bank credit years ago before the current credit crunch, Ford is in a much better cash position than GM and privately held Chrysler LLC.

Ford has yet to need federal loans but it has asked the government for a $9 billion line of credit in case the economy deteriorates further.

First Published: February 26, 2009: 7:19 AM ET

Source;
http://money.cnn.com/2009/02/26/news/companies/gm_results/?postversion=2009022607