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Company: General Motors (GM)
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  General Motors (GMGMQ)/Bears/GM's experiment to sell on eBay went wrong

GM is ending a seven-week experiment to sell new cars on eBay. It was reported that it did not increase any sales but in fact allowed shopper to offer low-ball prices. GM declined to say how many cars were sold under the heavily advertised program, although GM said the number of sales directly connected to the effort was small.

Reference

"GM, eBay End Online Sales Effort" Article from Wall Street Journal

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52 votes

  General Motors (GMGMQ)/Bears/GM is Lagging in the Green Vehicle Game

GM is still trying to fiddle around with their Chevrolet Volt rechargeable electric car, which claims to be able to go 40 miles on a single charge before the gas engines kick in.

The problem is that GM is still working out computer software issues, mainly in areas that monitor the car's extremely complex electrical system. The software monitors over 1,000 functions that keep the Volt running. While the Volt is still underway, Nissan's Leaf will come out shortly, which can go up to 100 miles on a single charge versus GM's 40 miles.

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