Recalls have been issued for four 2012-model-year General Motors products over steering-gear issues. Funk Flex
Auto Talk: Camaro ZL1 Production Stopped Over “Quality” Issue
General Motors has halted production of the top-of-the-line Chevy Camaro ZL1 over what the automaker is calling a “quality assessment” issue. Click below to read what they had to say. @WiLMajor
Auto Talk: Investment firm buys 5.8% of GM
General Motors stock is down 45 percent over the last year, which would lead the uninformed to think that the automaker is still losing money by the bucketload. On the contrary, The General pulled in a healthy $7.6 billion in 2011. Funk Flex Find Flex On Google+
Auto Talk: GM takes final step to eliminate pension plans, switch entirely to 401Ks
General Motors will freeze the defined benefit pension plans of 19,000 workers on Sept. 30, 2012, shifting them instead into 401(k) plans. Affected workers were all hired before 2001 and are salaried employees. Hourly workers are not affected by this change. Funk Flex
Auto Talk: Why haven’t you seen many new Chevy Caprice police cars? GM delays.
The sun has long since set on the Ford Crown Victoria and the big sedan’s Police Interceptor variants, but many parts of the country still haven’t seen the next-generation of pursuit vehicles take to the street. In the case of the Chevrolet Caprice Police Patrol Vehicle, that’s because General Motors has hit a delay in providing the Holden-based sedans. According to the DuPont Registry, the delay is two-fold. Shipping from Australia is taking longer than expected, and Chevrolet dealers aren’t outfitting the vehicles quickly enough to satiate demand. Funk Flex
Auto Talk: GM stock price leads to greater estimate of losses on bailouts
The “Government Motors” crowd isn’t going to be happy about this: The Detroit News is reporting that the U.S. Treasury now says it has lost an extra $170 million in the auto industry bailout. The culprit? The declining price of General Motors stock. Funk Flex
