The automaker scorned a year ago as "Government Motors" said Wednesday its run of profitability has continued on a record pace for the third straight quarter.
General Motors said that in just three minutes, all 100 of the Neiman Marcus special edition 2011 Chevrolet Camaro convertibles it offered through the US-based luxury retailer's annual "Christmas Book" catalog sold out yesterday.
General Motors' massive return to public trading last month netted 13.5 billion dollars for US taxpayers who had footed the bill for the automaker's rescue from bankruptcy, officials said Thursday.
General Motors Co. is returning to the pure-electric market for the first time since the EV1's demise 12 years ago, electrifying its tiniest car in an attempt to appeal to urban buyers.
Under the hood of the Civic Hybrid is a 1.5-liter gasoline four-cylinder engine and an electric motor that was given a power boost this year. They combine to generate 110 horsepower and 127 pound-feet of torque and are mated with a continuously variable automatic transmission (CVT). The fuel economy for the Hybrid is EPA-rated at 44 city and 44 highway, a 3 mpg improvement over last year's model.
General Motors is trying to control the damage done by accusations made by the media about the manufacturer's "extended-range electric," known as the Chevrolet Volt. Multiple media outlets have claimed that GM misled them about the true nature of the powertrain in the Volt, contending that the vehicle is not as fuel-efficient or innovative as GM would have consumers believe.