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The General Motors Board of Directors has unanimously elected Mary Barra as its next chairman, effective immediately. She succeeds Theodore Solso, who will serve as the board’s lead independent director.
Read More →On Monday, ridesharing firm Lyft announced it closed a $1 billion round of funding, half a million of which came from General Motors. The plan, according to the two companies, is to eventually deploy a fleet of GM self-driving vehicle within Lyft’s ride-hailing service.
Read More →For the third year in a row, Costco is teaming with General Motors on a winter Holiday Sales Event that will offer members saving on Chevrolet, Buick, GMC and Cadillac vehicles. The event runs from Oct. 2 through Jan. 4, 2016
Read More →With the 2016 model year, Apple’s CarPlay and Google’s Android Auto will make smartphone integration available with the touch of a steering wheel button.
Read More →GM Financial's transformation from subprime finance source to GM's captive finance company continued in the second quarter, with GM new-vehicle loans and leases accounting for 83.5% of total originations during the period.
Read More →General Motors told its dealers on Wednesday that it is cutting service visits on its free maintenance program and is rolling back coverage terms on its Chevrolet and GMC powertrain warranty.
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Ally Financial and GM Financial are both entering new phases in their evolution, and the moves they’re making were on display at NADA 2015.
Read More →GM Financial officials said Ally shouldn’t be surprised by GM’s decision to internalize its lease program. The company ended the year with a 50% share of GM’s lease business.
Read More →According to a report released by the U.S. Treasury Department this week, the government lost more than $9 billion on its bailout of General Motors Corp., Chrysler LLC and auto lending arms Ally Financial Inc. and Chrysler Financial.
Read More →November total light vehicle sales increased 4.6% from a year ago to more than 1.3 million units. The industry SAAR was also up significantly from a year ago and the month prior, rising to 17.20 million units.
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