General Motors Starts Sonic Production at Orion plant

- General Motors Starts Sonic Production at Orion plant



Aug 1, 2011

The Detroit News reported that General Motors (NYSE:GM) has begun production of the Chevrolet Sonic at its Orion Assembly Plant. The company's executive director for global and North American Manufacturing Engineering made the announcement today.

Ken Knight, executive director for global and North America Manufacturing Engineering for GM, said "We started our regular production today -- two-and-a-half hours ago. Since, my phone hasn't rung off the hook. I think we are doing well."

General Motors (NYSE:GM) has a potential upside of 56.3% based on a current price of $27.81 and an average consensus analyst price target of $43.45.

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GM on schedule to cut costs of next-generation Volt

GM on schedule to cut costs of next-generation Volt



Apr 14, 2011


Alan Taub, GM (GM) vice president for global research and development, says the automaker is "on track" to reduce the cost of the second- and third-generation extended range Chevrolet Volt. Taub says the company has a plan to reduce costs "all the way through 2020 and Generation 3". GM has sold about 1,200 Volts so far this year.

General Motors to develop Buick plug-in hybrid

General Motors to develop Buick plug-in hybrid



General Motors (GM) is developing a Buick using the Chevrolet Volt's plug-in hybrid technology, reports Bloomberg. According to two people familiar with the project, designers are working on a version of the hybrid Opel Ampera scheduled for sale in Europe this year. The Buick version would go on sale in 2013 if it receives final approval.