Author: Automotive News Breaking News Feed
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GM to invest $24 million to convert landfill gas to electricity at 2 plants
General Motors said that it will invest $24 million in equipment that will allow two assembly plants to generate electricity from landfill gas.
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Saleen planning to develop EV, show models early in 2014
Saleen Automotive, a venture of sports car tuner Steve Saleen, is developing an electric car, the company announced this week.
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GM gets investment from Hayman Capital as U.S. exits, report says
Investment company Hayman Capital Management has taken a stake in General Motors, a person familiar with the matter told Bloomberg. The automaker is poised to appreciate as the federal government winds down its ownership stake, the hedge fund said.
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General Motors said to plan sale of stake in Ally, report says
GM is planning to sell its stake in Ally Financial, the auto lender majority owned by American taxpayers, a person with knowledge of the transaction told Bloomberg.