Welcome to SSRFanatic.com - a website dedicated to all Chevrolet SSRs. We have many features on this website to make your experience here more enjoyable. The first step would be to REGISTER for free so you can take advantage of all the features we have to offer.
Chevy SSR Forums -SSRFanatic.com - Forums dedicated to all Chevrolet SSRs.
Chevy SSR Pictures - SSR Pictures posted by the SSRFanatic.com membership.
General Motors has just announced the filing of papers with the Securities and Exchange Commission for an Initial Public Offering (IPO) that will see the company handed back over to investors and removed from government control.
Including in the filing are plans for preferred stock that carries with it both debt and equity and also has priority in a bankruptcy situation.
According to a Bloomberg report, GM hopes to generate $16 billion by the IPO, selling off roughly a fifth of the stock currently owned by the U.S. Treasury. This would then make the government a minority shareholder in General Motors and is likely to be followed by continued sell-offs until GM is entirely out of government hands. Currently the U.S. government owns a 61 percent stake in GM.
GM has already paid back the $6.7 billion in loans it received from the U.S. and Canadian governments, however, that amount is only a small portion of the almost $50 billion bailout GM received.
General Motors has announced it will expand the use of a brake override system to all eligible cars, just as the National Highway Traffic Safety Administration (NHTSA) has reportedly opened an investigation into brake issues on GM products that could see a recall of up to 6.2 million vehicles.
The "enhanced smart pedal" technology will be installed on all GM vehicles with an automatic transmission and electronic throttle control by 2012 says GM. The software will allow the brakes to override the throttle if both pedals are pressed simultaneously.
As for the possible recall, NHTSA said it is looking into a situation of brake line corrosion on 6 million GM pickups and SUVs made from 1999-2003 and 189,000 2500 heavy-duty pickups made in 2003. The NHTSA says it has received 110 complaints and allegations of three crashes relating to the loss of braking power due to corroded brake lines.
Toyota recently announced the expansion of a brake override system to all of its vehicles after it recalled million of vehicles due to sticking brake pedals.
For 2010 the New York Auto Show has a bit of everything and continues to deliver with a concentrated presence of luxury vehicles. But this year the luxury fits into numerous niche segments. On one end, there's the world premiere of the 2011 Infiniti QX56 SUV, while on the other there's the North American debut of the Lexus CT200h hybrid hatchback. Luxury will even take wagon form, with Acura announcing the TSX Sport Wagon, while rumors suggest Cadillac will unveil a CTS-V SportWagon. Heck, Hyundai even has a flagship luxury sedan, called the Equus, that is designed to compete with cars like the Mercedes S-Class. Aston Martin is showing its four-door Rapide and Porsche has on display its Cayenne S Hybrid SUV.
In more traditional luxury, BMW is unveiling the all-new 2011 5 Series for the first time in North America, flanked by the facelifted 3 Series, 335is, 2011 X5 and Alpina B7.
Outside the luxury sphere there are exciting vehicles, including crossovers like the Nissan Juke, Mitsubishi Outlander Sport, 2011 Kia Sportage and MINI Countryman. And when it comes to sedans, the Korean automakers are showing important new contenders like the 2011 Kia Optima, as well as turbocharged and hybrid versions of the Hyundai Sonata.
In an effort to provide better customer support and head off problems before they get out of control, General Motors has created a new "task force" aimed at monitoring social media sites for complaints about GM vehicles and looking to find solutions.
A report in the Detroit Free Press highlights the story of one woman, Melissa Walker, whose complaints about her 2001 Cadillac DeVille on Twitter were picked up by GM's new team of customer service agents. GM wasn't able to solve the problem, but Walker was left with a positive feeling about the experience, and Tweeted to say as much – exactly what GM is looking for.
Last July GM set up a team of 50 customer service agents to chat online with people about sales incentives and vehicle options. In November, five social media agents were added to hunt out complaints online and that team is set to be doubled in April.
Now if GM's task force is doing its job, someone from the team will likely be reading this story. If they are, might be suggest they not only scour Facebook and Twitter, but the comments sections of news blogs, like our own. As an example, see the link below on a story we ran about an investigation into Chevy Cobalt steering issues, which got tremendous response before GM officially announced a recall. ... [Read More]
The AutoGuide.com network consists of the largest network of enthusiast-owned enthusiast-operated automotive communities.
AutoGuide.com provides the latest car reviews, auto show coverage, new car prices, and automotive news. The AutoGuide network operates more than 100 automotive forums where our users consult peers for shopping information and advice, and share opinions as a community.
Chevy SSR Forum
