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Latest vehicles news and updates

Money Matters - Simplified


GM Recalling 109,000 Vehicles


General Motors (NYSE: GM) said today that it is recalling about 109,000 vehicles because of two concerns that could cause the rear axle to lock and the passenger-side airbag not to work.

GM recalls over 111000 vehicles for faulty seat belt buckles

General Motors Co. announced Friday that it is recalling nearly 111000 Chevrolet Equinox, GMC Terrain and Cadillac SRX crossover utility vehicles.

GM Recalls Vehicles Over Seat-Belt Problem

General Motors (NYSE: GM) is recalling 111,136 Chevrolet Equinox, GMC Terrain and Cadillac SRX crossover utility vehicles from the 2011 model year because of seat-belt buckle anchors that could fail to perform as designed in a crash.

How to Plug the Holes in Your Portfolio

 These days, lots of financial products claim to give you complete coverage of a particular type of investment. But when you take a closer look, you might realize that you're not always getting everything you think you are.


GM to push hydrogen hybrids in Hawaii

Detroit -- General Motors Co. said it had targeted Hawaii as a prime market for hydrogen fuel-cell vehicles due to the state's high cost of imported petroleum fuels.

GM's executive director of global fuel cell operations Charlie Freese said the automaker is working with more than a dozen companies in an effort to add 20 hydrogen fueling stations on Oahu Island by 2015, the Detroit Free Press reported Wednesday.

GM, which has spent $2 billion on hydrogen fuel-cell research and development, does not have a hydrogen based automobile in production, but has allowed consumers to test a Chevrolet Equinox crossover with hydrogen fuel-cell power.

Man says car hit by flying airplane part

San Diegeo -- A California man says an egg-shaped object that broke the windshield of his Honda appears to be a part from a passing plane.

David Sawyers, 25, says the object could not have been dropped from a bridge and was too big to have been set into motion by a car or truck, the San Diego Union-Tribune reports. He said he plans to report the incident to the Federal Aviation Administration.

"I don't think it is right for airplane parts to fly out of the sky and damage people's vehicles," he said.

Sawyers of Santee and a friend, Claire Maloney, were on State Route 163 in San Diego's Kearny Mesa neighborhood Saturday afternoon when the object hit the car. Sawyers described it as "egg-shaped but bigger than a softball."

GM to hire 1,000 with Volt out of the box

Detroit -- U.S. automaker General Motors Co. said it would hire 1,000 engineers to ramp up its technical prowess as the first for-sale Volt rolled off the assembly line.

GM Chief Executive Officer Dan Akerson announced the decision meant to cover the company's white-collar hiring in Michigan for the next two years after stepping out of GM's first production Volt, a battery-powered vehicle with a small gas engine that recharges the battery as it goes.

"We hope to cultivate the next generation of engineers who will build upon the Volt's innovative technologies," said Mark Reuss, GM's North America vice president.

"Every aspect of the Volt -- from its aerodynamic shape to its battery chemistry -- is a testament to the importance of math and sciences."

SAIC, Chinese automaker, may invest in GM

China’s largest automaker, SAIC (Shanghai Automotive Industry Corporation), is considering investing in GM through its forthcoming IPO, ‘The Wall Street Journal’ has reported. SAIC and GM are already operating a highly successful joint venture in southern China.

Stolen SUV found abandoned

Pittsburgh -- Pittsburgh police said they recovered a sport-utility vehicle reported stolen the day before by a man posing as a valet.

Investigators said the vehicle, which was taken Wednesday evening from the Marriot Pittsburgh Hotel by a man who claimed to be a valet parking attendant, was found abandoned at about 5:30 a.m. in the city's Hill District, the Pittsburgh Tribune-Review reported Thursday.

Police said they are still trying to identify a suspect.

Copyright 2010 United Press International, Inc. (UPI).

GM predicts bright Q3 results, gears up for IPO

As General Motors (GM) is preparing for initial public offer (IPO) on Nov. 18, the company has predicted that it has earned $2.1 billion between July and September, this year.