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GM, Ford and Chrysler post best U.S. sales since 2007

General Motors (NYSE: GM – news) , Ford (NYSE: F – news) and Chrysler (Xetra: 710000 – news) reported their best US sales performances since 2007 on Tuesday amid booming overall auto demand following the US industry’s near-collapse five years ago. Total (NYSE: TOT – news) industry sales rose 3.4…

Major supermarket chains promise not to sell genetically engineered salmon in the U.S.

With a decision imminent on whether GM salmon will be allowed onto market, major retailers have said they would not sell it A number of US supermarket chains pledged on Wednesday not to sell genetically modified salmon, in a sign of growing public concern about engineered foods on the dinner…

After 30 years, is a GM food breakthrough finally here?

Golden rice, a new strain that boosts vitamin A levels and reduces blindness in developing countries, is about to be sown in the Philippines – and is the new battleground crop Scientists say they have seen the future of genetically modified foods and have concluded that it is orange or,…

General Motors insists it stands by Vauxhall

US auto giant General Motors (GM) insisted that it was committed to supporting its ailing British brand Vauxhall along with German brand Opel in remarks at the Geneva motor show on Tuesday. GM vice president Stephen Girsky told a press conference that GM stood by the two European businesses. “Any talk of insolvency should be…

GM suspends production of Chevy Volt due to weak demand

CHICAGO — General Motors said Friday it has suspended production of its electric Chevy Volt for five weeks in order to match supply to weak demand. “We’re going to take five weeks of downtime at the plant as we are going to build to what the market demands,” spokeswoman Michelle…

Biden: ‘bin Laden is dead, and GM is alive’

WASHINGTON — US Vice President Joe Biden spelled out a blunt reelection message for his boss President Barack Obama on Tuesday — “Osama bin Laden is dead and General Motors is alive.” Biden’s comment at a Texas fundraiser came as Obama stepped up his drive to claim credit for rescuing…

GM takes aim at youth market with zippy little cars

DETROIT, Michigan — General Motors took aim at the youth market Monday, showing off sporty new designs for their smallest, entry-level cars at the Detroit auto show. “At Chevrolet we believe we can capture the hearts and minds of these new consumers and become one of the brands, across all…

Glitz returns to Detroit auto show

Glamour and glitz returned to the Detroit auto show as once-struggling General Motors served champagne at a sneak peek of its newest Cadillac and Mercedes launched its latest roadster with a jazzy serenade at a swank cocktail party. Just three years ago, the survival of the Detroit Three automakers was in doubt as GM and Chrysler sought billions in government bailouts and…

Detroit automakers rack up strong 2011 gains

CHICAGO — The Detroit Three automakers posted solid December US sales Wednesday, driving a strong 2011 performance and expectations for even better results this year as the industry slowly climbs out of a deep downturn. “It’s now clear that auto sales should continue to grow in 2012 barring a shock…

I’m Still Not Buying A Pontiac

Okay, suppose we do exactly what every conservative wants and we union-bust the Big Three, match their wages and benefits exactly to foreign producers set up in the states, dismantle the currently existing pension system and even (most likely) cut labor overall. At what point did any of those workers…

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