Transonic Combustion is a fuel-injection systems startup company that has announced today that Bob Lutz has joined the company’s board of directors. Bob Lutz and the 2011 Chevrolet Volt Bob Lutz recently retired from his nine year position as vice chairman of General Motors and, according to Transonic Combustion’s spokesman, will be bringing the company’s [...]

General Motors says Edward E. Whitacre, Jr., will be its new chairman. The former AT&T chief and ExxonMobil board member will lead newly downsized automaker as it seeks a way out of the government fold when the company is launched later this summer, a GM press release says. Interim chairman Kent Kresa will give up [...]

General Motors is teetering ever closer to the brink of bankruptcy today, as the automaker’s exchange offer for its outstanding debt fell “substantially” short of the necessary take-rate. GM had offered some $27.2 billion of its unsecured public notes to its bondholders, but the offer expired at noon yesterday without having the minimum tender amount [...]

While General Motors dealers here in the States are awaiting 1,100 retail store losses, Opel/Vauxhall dealers in Europe have opted to take matters into their own hands. Euroda, the Opel/Vauxhall dealer association, is raising 500 million Euros ($667 million US dollars) in exchange for a 10-20% stake in the brand, plus representation on the brand’s [...]