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Audi, Jaguar Land Rover And General Motors Stop Selling Cars In Russia Due To Ruble’s Downfall

Audi, Latest News
Article by Hamza Ansari
Fluctuations in forex market are always minimal in nature and haven’t sounded of brining heavy losses to the traders. However, this piece of news may change the perception. The automobile giants are reported of suffering heavy losses in Russian market all because of the depreciating ruble’s value. Jaguar Land Rover, Audi and General Motors in Russia have temporarily suspended the sales of their cars in the country. Since the Russia is going through rough patch of financial crisis, currency’s value has fallen by 40% since June. In order to curb down the effects, last week, the governing authority of Russia had commented its citizens to invest their liquid wealth in goods which can hold the [...]

General Motors global sales rises 4.5%

Latest News
Article by Ayan Sengupta
General Motors has announced their sales results, which show a narrow lead over its German rival Volkswagen. The U.S. car maker has pointed out that its sales in the fourth quarter rose by 5.2%, while its global sales throughout the year rose 4.5%, which is equivalent to 9.71 million vehicles. Volkswagen, the automaker who aims to become the world’s best seller by 2018 had said that their sales rose by almost 5% but they had failed to provide figures. Toyota Motors, Volkswagen and General Motors are in a tight competition at the moment for their sales around the world. Though Toyota has not yet revealed its figures for the last quarter of the previous year, for the rest of the year the competition [...]

General Motors to Facilitate Workplace Charging Points for EVs

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Article by Ayan Sengupta
Innovations drive in the new streaks, and EVs are the same true example. To charge these electric circuits we need another mode of innovations, as seems from the sales figure of them. Recently, they had made a lot of haywire in the media of various countries regarding different charging issues but a complete developed infrastructure will lead them to their proper route. It can be understood that they are meant most probably for city rides but an added advantage will be derived if charging stations can be placed all over the map. GM had come up with such sort of innovative ideas, by promoting work place charging stations. Numbers are expected to rise by ten times in the next half decade. General [...]

Second quarter earnings of GM holds a key to Treasury’s departure

Latest News
Article by Subhajit Dey
According to the news reports from Detroit, The Federal government is to stay with the General motors’ until the end of summer. Based on the theory of papers, the department of Treasury has its power to separate themselves from the stocks of General motor as the lock up period is to end by the 22nd of May 2011 after its first public offering in November 2011. The reports from the Detroit News stated that the treasury department is to uphold the stocks of the company until the company releases its earnings for the second quarter of 2011. After all this, there are high chances that the government would sell a part of the company’s stocks and hold its last until next year which is 2012. [...]

Chances of return of the Saturn plant for GM

Latest News
Article by Subhajit Dey
To add more workers to their fold, the United Auto Workers are trying to talk things out with General Motors to reopen two new factories. Reports say that the United Auto Workers will try and cite the reason of addition of new product assembly lines for reopening the Saturn plant which is located at Spring Hill along with the company’s closed factory located at Janesville. These negotiations are the first that are taking place by the United Auto Workers and the Big Three since General Motors and Chrysler filed for bankruptcy in 2009. If this deal is finalized by the company then consumers might get to see units rolling out of these factories after around a year. The Saturn plant was formed [...]
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