The 102-year-old car company General Motors (GM) is set to go public on Thursday after a government-forced bankruptcy and bailout in November 2008. The bailout cost taxpayers about $50 billion. Analysts estimate the stock price would need to hit $53 dollars before the government can recoup its investment. GM plans to sell about half-a-billion shares for $33 each in its IPO. The company stands to… → Read More
The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) today released the official 2011 Fuel Economy Guide, providing information about estimated mileage and fuel costs for model year 2011 vehicles sold in the U.S.
It’s safe to say we’ve reached the pinnacle of humanity with this next bit of news: you’ll soon be able to update your Facebook status using OnStar. It’s the first “entertainment-y” option to be offered by OnStar, perhaps designed to cash in on some of the goodwill that has gone Ford’s way with its Sync system. → Read More
Ford‘s 2011 Focus Electric will run on Compact Power Inc.’s lithium-ion battery, the company announced today. The batteries will initially be made in South Korea at CPI’s parent company, LG Chem, with plans to start manufacturing at a new $300 million site in Holland, Mich. in 2012.
The Focus Electric will be a full battery electric passenger car made at Ford’s Michigan Assembly Plant, which used… → Read More