General Motors news stories on Newser

GM Won't Buy Ads in Next Super Bowl

Dustin Lushing — Fri, 18 May 2012 17:06:09 CDT

Maybe Facebook shouldn't feel too bad that GM is dropping its paid ads from the site: The automaker isn't buying any Super Bowl spots next year, either, reports the Wall Street Journal . GM, usually a heavy presence in the big game, says the price of the ads—currently $3.8...

Facebook's Ad Pitch 'Backfired': GM Insiders

Matt Cantor — Fri, 18 May 2012 13:55:05 CDT

A key reason for General Motors' decision to drop paid Facebook ads : A pitch meeting didn't go so well. Sources tell Reuters that GM met with Facebook honchos in the last few weeks; in the meeting, marketing reps reportedly pointed to the effectiveness of their free pages. The paid ads...

Ford to GM: You're Just Bad at Facebook

Kevin Spak — Thu, 17 May 2012 09:20:28 CDT

GM unfriended Facebook this week, saying that advertising there didn't work. But rival Ford says there's another explanation: GM must be doing it wrong. "It's all about execution," Ford said in a Tweet spotted by the Huffington Post . "Our Facebook ads are effective when strategically combined with engaging content &...

GM Ditching Facebook Ads

Matt Cantor — Tue, 15 May 2012 15:52:27 CDT

Bad news for Facebook ahead of its IPO: General Motors, the third-biggest advertiser in the US, has decided to stop running paid ads on the site. GM execs have found the ads aren't very effective—a conclusion other advertisers have apparently reached as well, the Wall Street Journal reports. "Companies...

Mitt Takes Credit for Saving Auto Industry

Rob Quinn — Tue, 08 May 2012 05:10:00 CDT

Mitt Romney says he deserves a lot of the credit for saving America's auto industry, despite his vocal opposition to taxpayer help for General Motors and Chrysler in 2008. The Republican, speaking at an auto parts maker in Cleveland yesterday, said Obama followed his lead by allowing both firms to...

Subprime's New Frontier: Auto Loans

Kevin Spak — Wed, 11 Apr 2012 07:44:41 CDT

That whole "subprime crisis" hasn't scared banks away from the lucrative world of subprime lending. The nation's top subprime lenders—like Capital One, GM Financial, HSBC, and JPMorgan Chase—are all trying to woo back less-creditworthy borrowers, who tend to rack up late fees while paying rates as high as...

New Cadillacs to Warn Drifting Drivers

Kevin Spak — Wed, 28 Mar 2012 13:14:03 CDT

We've all done it. At some point you're driving and you get distracted, or you start to nod off, and your car starts to drift out of its lane. If you're in the market for a new Cadillac, your car may soon have your back. The Cadillac SRX, ATS, and...

GM Will Halt Volt Assembly 5 Weeks Amid Slow Sales

Mark Russell — Sat, 03 Mar 2012 05:56:38 CST

The Chevy Volt's battery fires may have generated a lot of heat for General Motors, but sales of the electric car are decidedly cool, forcing GM to shut down the Volt's production lines for five weeks beginning this month, reports the Wall Street Journal . The shutdown will leave 1,300...

GOP Grumbles as GM Spends $500M on Bonuses

Rob Quinn — Wed, 29 Feb 2012 04:31:05 CST

General Motors had a great year last year— making a record profit and reclaiming its crown as the world's biggest automaker —but some lawmakers aren't happy about its plans to reward its workers. The company plans to pay bonuses of at least $182 million to white-collar workers today, on top...