Auto Sector

General Motors all set to return to the stock market

General Motors all set to return to the stock marketThe famous US car maker General Motors is expected to unveil its detailed flotation plans in this week. General Motors was rescued from a financial collapse in last summer by the Obama administration but now it has seen a handsome amount of profit and is ready to bounce back to the stock market.

Vauxhall Announces Life-Long Warranty for its First Owners

Vauxhall Announces Life-Long Warranty for its First OwnersVauxhall's has decided to offer a life-long warranty on all its latest cars. To let everybody know about this new proposal, the manufacturer has decided to flash an advertisement on TV and for that it has chosen a primetime slot on TV. The commercial will be aired from today onwards. The ad show Bill Nighy saying the words, "A warranty could now last a lifetime".

GM Planning Enlisting Eight More Banks as Bookrunners

General-MotorsGeneral Motors Co. is probably under the process of planning of enlisting eight more banks as joint bookrunners following the initial regulatory filing for its stock offers, as informed by someone familiar with the matter.

It is expected that the firm will file a prospectus with the U.S. Securities and Exchange Commission in the early parts of the approaching week.

Boss of General Motors is going to step down

Boss of General Motors is going to step downThe boss or the chief executive of the US firm General Motors has declared the plans about his resignation from the post. The current chief executive of General Motors, Edward Whitacre will step down from his post in the coming September.

Sales Volume Increase in June

Vehicals-retail-salesWith the highest increase recorded in the sales of vehicles, retail sales have increased seasonally and in the June quarter, inflation adjusted 1.3%, which was more than the expectations of the economists.

Statistics New Zealand has today revealed the figures and said that since March 2007 quarter, this has been the largest rise in the volumes.

Toyota’s investigations point out driver error in most of the cases

Toyota’s investigations point out driver error in most of the casesA first stage investigation for the accidents of Toyota cars has pointed out the driver fault as the primary cause of the accidents.

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