GENERAL MOTORS

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GM offers fix to Volt to prevent fire risk

General Motors Co said on Thursday it has developed a proposed fix to the battery pack for the Chevrolet Volt to eliminate the risk of a fire being triggered days after a crash.

Detroit Auto Show: Carmakers Faring Better But Challenges Remain

Ford Focus
As one analyst said, the U.S. market isn't the cash cow it once was, but it's still a mature and profitable market, as opposed to more volatile emerging markets, or stagnant ones in Europe, said Rebecca Lindland, an analyst with the consulting firm IHS Automotive, according to The New York Times.
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GM Sonic

GM to showcase sporty Sonic at Detroit auto show

General Motors Co will unveil next month a sporty version of its Chevrolet Sonic subcompact car for the 2013 model year in a bid to make the 100-year-old brand more appealing to younger buyers.
Saudi Prince Alwaleed speaks at a news conference in Riyadh

Prince Alwaleed buys $300 million Twitter stake

Saudi billionaire Prince Alwaleed bin Talal, an investor in some of the world's top companies, has bought a stake in Twitter for $300 million, gaining another foothold in the global media industry.
Saab

Automaker Saab Files for Bankruptcy

GM operates in a partnership in China with state-run SAIC Motor Corp. Ltd and contends that providing parts and technology to Saab's new owners had the China investor deal gone through would have run counter to the interest of its own shareholders.
Personal finance expert Orman poses at the OWN: Oprah Winfrey Network launch cocktail reception for the Television Critics Association Winter press tour in Pasadena

Suze Orman for President

When it comes to our national debt, the economic crisis has recalibrated the nation's sense of the normal. We have grown remarkably comfortable with being in the red. We gaze upon the ever-escalating national debt with a sense of boredom. $15 trillion? Yawn. Adding a few trillion to the debt ledger every so often has become a national pastime.
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Opel CEO eyes billion euro profit mark from 2016

Struggling German carmaker Opel, a unit of General Motors , has set itself the ambitious target of hitting the 1 billion euro ($1.33 billion) profit mark from 2016, Chief Executive Karl-Friedrich Stracke said in an employee newsletter.
Occupy Denver protesters rally in front of the U.S. Federal Reserve bank in downtown Denver

Entrepreneurs and Investment: Past, Present … Future?

Whenever economists discuss the “big picture”— where we’ve come from, where we’re going— someone is bound to bring up Joseph Schumpeter. Schumpeter (1883-1950) was, in fact, a master of thinking about the “big picture,” most famously in his writings on economic development, entrepreneurship, and the past and future of capitalist societies.
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UAW won't name foreign auto organizing target

The United Auto Workers union has decided it will not identify an organizing target among foreign automakers with U.S. operations, a shift in strategy in a campaign that union leadership sees as central to its survival.
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GM nears possible Volt battery fix: sources

General Motors Co is closing in on a package of proposed fixes for the Chevrolet Volt battery pack that engineers believe would eliminate the risk of a fire being triggered days after a crash, two people with knowledge of the situation said on Tuesday.

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