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...National Highway Traffic Safety Administration opened an investigation Jan. 27 into approximately 905,000 Cobalt models in the United States after receiving more than 1,100 complaints of loss of power steering, 14 crashes and one injury, GM disclosed. "We're playing this as honest and transparent as we can," said Mark Reuss, president of GM's North American Operations. (See the 50 worst cars of all time...
Many of the models being recalled have been on the road for several years. "We found that this is a condition that takes time to develop. It tends to occur in older models out of warranty," said Jamie Hresko, GM Vice President of Quality, who said the company began looking at the problem...
General Motors' efforts to sell Hummer to a little-known Chinese company have fallen apart, the U.S. automaker announced on Wednesday. As a result, GM will begin to dismantle a brand of gas-guzzling SUVs that was synonymous with pre-financial crisis wealth and excess...
...produce a leaner, more fuel-efficient version of the behemoth vehicle, which topped out at 15 m.p.g. for the once popular 2½-ton H3 model. A descendant of the U.S. military's humvee, which was built by AM General, the Hummer peaked in popularity in 2006, when GM sold more than 70,000 of the vehicles. By last year, sales had fallen to 9,000. (See pictures of the best-selling cars in China...
...GM first put the brand up for sale in 2008, hoping to raise as much as $500 million. The Tengzhong offer was estimated to be closer to $150 million. "We have since considered a number of possibilities for Hummer along the way, and we are disappointed that the deal with Tengzhong could not be completed," John Smith, GM's vice president of corporate planning and alliances, said in a written statement that was released on Wednesday. "GM will now work closely with Hummer employees, dealers and suppliers to wind down the business in an orderly and responsible manner...