New Silverado and Sierra Pickups’ Success May Help the Government Offload GM Stake

President Barack Obama has always stood behind the 2009 bailouts of General Motors and Chrysler and he was vindicated as both companies made a surprising recovery in a very short time period.

While Chrysler is out of the picture, the U.S. government still holds a 32 percent stake in GM and is searching on how to implement an exit strategy without losing a large portion of the S$51 million it poured in the automaker during the bailout.

Analysts believe that the 2014 Chevrolet Silverado and GMC Sierra full-size pickups that were unveiled this week may provide the administration with the way out that it needs.

Read more »

Read More

2014 Chevy Silverado and GMC Sierra Pickup Twins Unveiled [Photos & Videos]

Full-size pickup trucks are an important segment to General Motors. That’s why its 2014 Chevrolet Silverado and GMC Sierra models that were revealed ahead of their world premiere at the Detroit Motor Show in January may look similar to the outgoing versions, but they are quite different, and much more technologically advanced, under the skin.

GM’s new full-size trucks underwent more than 6 million miles of durability testing at the Milford Proving Ground, over the deserts and mountains of Nevada and across the frozen flats of Ontario. That’s equivalent to 240 trips around the earth. In addition, the trucks will accumulate more than 7 million real-world miles during final testing, bringing total test miles to more than 13 million.

That’s because, as executive chief engineer for full- and mid-size trucks Jeff Luke said, “Don’t let the work boots fool you. Truck customers are among the most discerning and demanding in the business”.

Almost two-thirds of the cabin structure, the main rails and key cross members of the frame are made of high-strength steel in order to improve rigidity and keeping weight down, while new shear-style body mounts help absorb body movements for a more relaxed drive.

Read more »

Read More

GM to Reveal 2014 Chevrolet Silverado and GMC Sierra this Thursday, Dec. 13

We already knew that GM plans to launch the all-new 2014 Chevrolet Silverado and 2014 GMC Sierra full-size pickups onto the market next year, and today, the carmaker reminded us to mark our calendar for Thursday, December 13, 2012, as it will debut both trucks during a special press conference at the Michigan Motion Pictures Studio in Pontiac, Michigan. Read more »

Read More