Demand for 'Must Have' Camaro Dwarfs Supply

(NEWSER) - General Motors finds itself with a rare hot-selling car on its hands as it prepares to emerge from bankruptcy. The retro-styled 2010 Chevy Camaro, which taps into nostalgia for the company's muscle cars of the '60s, has been creating a buzz in GM showrooms around the country and is expected to play a starring role in the automaker's coming-out-of-bankruptcy party, the New York Times reports. More»

(NEWSER) - General Motors will file for bankruptcy protection Monday, insiders tell Bloomberg. The company has apparently decided that it cannot make the government-mandated June 1 deadline to shed $44 billion in debt. The timeline is unclear, but bondholders' agreement today to forgive debts in exchange for a stake in the “new” post-bankruptcy GM apparently helped the company firm up its course of action. More»

New models will be introduced soon

(NEWSER) - General Motors hopes to rebound from a 19% first-quarter drop in Middle East sales by introducing new models and helping buyers with down payments, Reuters reports. "There are a lot of people who walk into showrooms who aren't able to buy because they can't get financing," says the company's regional president. GM expects a profit in the region, but "much less so than last year." More»

(NEWSER) - As General Motors' Pontiac line is phased out, Ben Wojdyla, on Jalopnik, remembers the truly great cars that bore the mark. If you've got one, keep your garage clean and await a payday.

• 2009 G8 GXP: "GM should be saved for no other reason than to put the G8 GXP on the road." This car fulfills the promise of the Pontiac brand in spades, 415 HP V8 and all.
• 1964 GTO: The vehicle that "ignited the original muscle car wars" will "always have a special place in every car guy's heart." A 325-horsepower V8 doesn't hurt.

No-interest loans, for up to 6 years, on models including pickups and SUVs

(NEWSER) - General Motors is offering no-interest financing for up to 6 years on a selection of its 2008 automobiles in an effort to boost US sales, which plummeted 16% in May, Bloomberg reports. Soaring gas prices have hurt sales across the board, and falling trade-in values and general tightening of purse-strings have left fewer Americans looking for new cars. More»