The GM Board of Directors has received expressions of interest in Saab since the conclusion of negotiations with Koenigsegg Group AB. The Board will evaluate potential bids between now and the end of December. At that time, we will determine whether a suitable arrangement for Saab exists. If not, we will begin an orderly wind down of the global Saab business at that time.
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Chevrolet announced today at the Los Angeles International Auto Show that the Volt electric vehicle with extended-range capability will be available late next year in California – the nation’s largest new-car market – with other lead markets to be named later.
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David Thomas, 40, of Sanford, Fla., has won Chevrolet’s national contest to name the Volt’s lead paint color and the opportunity to be the first consumer to test-drive a pre-production Volt. Nearly 3,000 people cast their votes at chevroletvoltage.com for Thomas’ “Viridian Joule.” Voting ended at 8 a.m. ET and Chevrolet announced the winner in Los Angeles.
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Chevrolet unveils the U.S. production version of the 2011 Cruze compact sedan at the L.A. Auto Show on Dec. 2. It is a global car refined for America, delivering many segment-leading features and details that challenge preconceived notions about what a compact car can be in North America.
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Fritz Henderson, GM president and CEO, named Susan Docherty, 46, currently general manager, Buick-GMC, to the position of vice president, U.S. Sales, effective October 16, 2009. She will also become a member of the executive committee. Docherty replaces Mark LaNeve, who announced his departure to a non-automotive company.
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Coskata Inc., a leading developer of next-generation biofuels, announced the successful start-up of its semi-commercial flex-ethanol facility located in Madison, PA. The accomplishment represents the successful scale-up of the company's technology, and will serve as a showcase for the world's first commercially viable flex-ethanol process.
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General Motors announced that it will offer a Satisfaction Guarantee to eligible buyers of new Chevrolet, Buick, GMC and Cadillac vehicles. The guarantee allows customers to return their vehicle to their dealer between 31 and 60 days of purchase and receive a refund of the purchase price for the vehicle.
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