Some tax and other legal changes have encouraged corporations to look for ways to unload their liability for pensions onto an insurance company.
Should GM retirees who are offered a lump sum take it, or should they stick with the pension and bet on Prudential?
Last week, General Motors followed Ford Motor Co. in offering retirees with a monthly pension payment a lump-sum buyout.
General Motors is testing a new tracking feature, called Family Link, in its OnStar-equipped cars that would allow parents to monitor kids’ travels in the family vehicle. Available to an invitation-only group of 10,000 OnStar subscribers, the feature basically uses OnStar’s built-in GPS and telematics to map a car’s location on a website accessible to
Hate paying auto insurance premiums? Washington and Oregon residents may get a break from doing just that if they buy a General Motors car this summer. According to the terms of a new insurance promotion being offered by the Detroit automaker and insurance provider MetLife Auto & Home, Washington and Oregon car buyers will receive
At some point in nearly every conversation I’ve had about the bailout of the American auto industry, someone brings up the idea that many American cars “are made in Mexico anyway.” While that’s an exaggeration, there’s a perception — well-founded in some cases — that U.S. car companies appeal to the patriotism of Americans to
Just in case you were wondering, the laws of supply and demand are still in effect. As I predicted last month, a combination of factors, including the earthquake in Japan and rising gas prices, is causing a fairly serious shortage of small cars, leading to higher prices and diminished selection for small-car buyers, according to
Howdy, pilgrim, it’s another recall roundup (insert sound of blasting six shooters here). This week, we’ve herded up a whole passel of defective little doggies. Saddle up and find out if your auto is on the list! This month Ford announced it was expanding a recall of its Ford F-150 and Lincoln Mark LT trucks
Yeehaw! It’s time for another rootin’-tootin’ recall roundup, and it looks like the 2011 models are looking to get a head start on potentially dangerous quality defects: Three auto manufacturers are already announcing recalls on 2011 models, and it’s not even New Year’s. Anyway, there’s a whole herd of recalls to cover here, so let’s
As of yesterday, the Pontiac brand of cars is officially dead. That’s because on Oct. 31, Pontiac dealership agreements expired and all existing unsold Pontiacs officially became used cars in GM’s eyes, according to the Detroit News. If you’re a Pontiac owner, don’t panic. GM dealers will continue honoring warranties and offering maintenance services on