General Motors has officially filed paperwork with the Securities and Exchange Commission for an Initial Public Offering. Although common stocks will make up the bulk of the IPO, GM is also offering preferred stock to allow American taxpayers, via the U.S. Treasury, the chance to reduce their stake in the automaker as much as possible. [Read More]

GM has announced that its current CEO, Ed Whitacre, will step down on September 1, 2010. His title as of Chairman of the Board will also be terminated at the end of 2010. Whitacre is going to be replaced by Dan Akerson, who has served on the GM board of directors since July 2009. Like [Read More]

According to the Highway Loss Data Institute (HLDI), the 2007 through 2009 Cadillac Escalade has the highest insurance claims for theft. In calculating the overall theft losses, the study take into account not only the rate at which insurance claims are filed but also the size of the payments for claims. Most of the vehicles [Read More]

To round off everything that has been released on the 2011 Ford Explorer, FoMoCo has released a new video of its new SUV in action. Like the upcoming Fiesta and Focus, the 2011 Explorer will play a big role in Ford’s resurgence as a world-class automaker. Make the jump for the video. Click here for [Read More]

General Motors has finally announced the pricing details on the anticipated Chevrolet Volt, its electric-vehicle with extended-range capability. The Volt will be initially available in a few states, including California, New York, Michigan, Connecticut, Texas, New Jersey and the Washington D.C. area. Prices will start at $41,000; however, with a full federal income tax credit [Read More]