GM to Hawk New Vehicles on EBay in California

General Motors has some cars to show you.

The government-rescued automaker announced on Monday that it is starting a trial in which consumers can buy new cars through eBay, the online sales site, allowing them to purchase Chevrolets, Buicks, GMCs or Pontiacs without setting foot in a dealership.

The program is being limited initially to California, but the company hopes to extend it across the country.

The company pitches the effort as a sign of renewed innovation at the automaker, which underwent a bankruptcy filing earlier this year and has been kept afloat with a $50 billion investment by U.S. taxpayers. For years, industry critics have said that the old way of buying cars should be scrapped, with haggling at the dealership replaced by online, fixed-price sales.

"GM and our dealers are reinventing the car buying experience," Mark LaNeve, GM vice president of U.S. sales said.

GM may be the first automaker to so fully embrace online sales, but analysts say the program's popularity will depend on its execution.

Currently, eBay lists many cars for sale, but a large majority of those are used. This latest program makes more new GM vehicles available online.

When the site, gm.ebay.com, begins operation Tuesday, consumers will be given the option to "buy it now," without haggling, or begin a more traditional sales negotiation by making an offer on a car. They can also simply do research: They can compare prices across models and dealerships, determine the value of their trade-in and check whether they qualify for the federal "Cash for Clunkers" program.

GM to Hawk New Vehicles on EBay in California

General Motors has some cars to show you. The government-rescued automaker announced on Monday that it is starting a trial in which consumers can buy new cars through eBay, the online sales site, allowing them to purchase Chevrolets, Buicks, GMCs or Pontiacs without setting foot in a dealership. The program is being limited initially to California, but the company hopes to extend it across

BREAKING: New GM drives out of bankruptcy this morning

After a scant six weeks in bankruptcy court, General Motors is on its way out of Chapter 11. U.S. Bankruptcy Court Judge Robert Gerber approved the sale of GM's good assets to a new company lead by the U.S. and Canadian governments and the UAW healthcare fund, but gave vested parties four days to file an objection.

After two requests for a stay were denied on Tuesday and an accident victim's request was denied at the last minute on Thursday, all signs point to an exit from bankruptcy within a few days, and this morning, word from the Detroit News is that the company officially emerged from Chapter 11 at 6:30am this morning. CEO Fritz Henderson has called a 9 am press conference this morning, and one can only assume that he will declare the birth of "New GM."

GM has received $50 billion from the US government to keep the mega-corporation out of liquidation. For its troubles, Uncle Sam will receive a 60% stake in the new company. Canada, which pitched in $9 billion, will be 11.7% owners, while the UAW will receive 17.6%. Old GM will receive 10% of the new company to help creditors recoup some money. The "New GM" will be smaller in almost every way, with four fewer brands, a smaller presence in Europe, fewer employees, and a markedly more attractive balance sheet.