GM and LG to Jointly Develop Electric Vehicles

- GM and LG to Jointly Develop Electric Vehicles



Aug 25, 2011

General Motors and LG Group will join forces in design and engineer future electric vehicles, expanding a relationship built on LG's work as the battery cell supplier for the Chevrolet Volt and Opel Ampera extended-range electric vehicles.

The definitive agreement will assist GM expand the number and types of electric vehicles it makes and sells by using LG's proven expertise in batteries and other systems.

Timing of the launch of the first vehicles resulting from the partnership will be announced closer to market readiness. The agreement does not involve an exchange of equity between the companies.

General Motors (NYSE:GM) has a potential upside of 85.6% based on a current price of $22.3 and an average consensus analyst price target of $41.38.

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General Motors Recalling 47,401 Cadillac SRX vehicles

- General Motors Recalling 47,401 Cadillac SRX vehicles



Jun 10, 2011

General Motors (NYSE:GM) is recalling certain 2011 Cadillac SRX vehicles for failing to conform to the requirements of Motor Vehicle Safety Standard 208, "occupant crash protection." A program in the aribag system may result in the right rear occupant not being protected in certain frontal and side crashes. GM dealers will reprogram the module free of charge. The recall is expected to begin on or about June 17.

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