General Motors Co

Automaker CEO Suddenly Way Richer

Reuters | Posted 05.06.2012

Read More: U.S. Securities and Exchange Commission, Automaker, Shareholders, Video, United Auto Workers, Reuters, Bob King, Chrysler Group LLC, Financial Crisis, Ford Motor Co Chief Executive Alan Mulally, General Motors Co, Business News

By Deepa Seetharaman March 6 (Reuters) - Ford Motor Co Chief Executive Alan Mulally was awarded shares in the No. 2 U.S. automaker wh...

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ICE COLD: GM Freezes Pension Plans For Salaried Workers

AP | JEFF KAROUB | Posted 04.16.2012

Read More: Cindy Brinkley, Layoffs, Video, Automaker, General Motors Co., Retirement, White-Collar Workers, Bonuses, Retirement Pensions, Business News

DETROIT — General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonu...

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Chrysler Reports First Yearly Profit In More Than A Decade

AP | TOM KRISHER | Posted 04.02.2012

Read More: Bankruptcy Protection, CEO Sergio Marchionne, Video, Toyota, Japan Earthquake, General Motors Co., Chrysler, Ford Motor Co., Fiat SpA, President Barack Obama, Honda, Jeep Grand Cherokee SUV, Jeep, Business News

DETROIT — Higher sales of Jeeps and other new vehicles propelled Chrysler to its first annual net income since 1997, capping a pivotal turnaroun...

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BMW Tops Mercedes As Most Popular Luxury Auto Brand

Posted 01.05.2012

Read More: Nissan, Automakers, Video, Luxury, Audi, Lexus, Toyota Motor Corp, Honda, U.S. Luxury Auto Market, Bmw, Mercedes-Benz, Volvo, General Motors Co, Ford, Volkswagen, Daimler AG, Business News

BMW grabbed the top spot in the U.S. luxury auto market in 2011, edging out Daimler AG's Mercedes-Benz brand, as both German automakers took advan...

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Ford Workers Approve New Contract

AP | DEE-ANN DURBIN and TOM KRISHER | Posted 12.19.2011

Read More: Video, Super Duty Trucks, General Motors Co., Barclays Capital, Ford Motor Co., United Auto Workers, Ford Escape SUV, Chrysler Group LLC, Detroit Three, Profit-Sharing, UAW President Bob King, Business News

DETROIT — Ford Motor Co.'s U.S. factory workers have approved a new four-year labor contract that promises profit-sharing checks and billions in...

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Chrysler, General Motors Report Big Sales Gains

Posted 12.03.2011

Read More: Automakers, J.D. Power & Associates, Video, Japan Earthquake, Sales, Fiat SpA, Chrysler Group, Toyota Motor Corp, Honda Motor CoSupply Management, Economic Recovery, Volkswagen AG, General Motors Co, Business News

General Motors Co and Chrysler Group reported September U.S. auto sales gains of at least 20 percent, a sign that consumers have returned as vehic...

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GM CEO 'Clearly' Concerned About Possibility Of U.S. Recession

Posted 11.21.2011

Read More: Consumer Confidence, Wall Street, Double-Dip Recession, Carlyle Group, Carmakers, General Motors Co, Auto Industry, Shanghai, SAIC Motor Corp Ltd, Business News

(Kazunori Takada) - Pent-up car demand in the United States and slowing, but still growing sales in China, should soften concerns about the abilit...

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How America Saved Wall Street In Order To Sue It

Bloomberg | Jonathan Well | Posted 11.08.2011

Read More: Treasury Department, Congress, Freddie Mac, Wall Street, Great Recession, Vietnam War, Troubled Asset Relief Program, Mortgage Crisis, Banks, Financial Crisis, Fannie Mae, Aig, Federal Housing Finance Agency, Mortgage Bonds, General Motors Co, Business News

The Vietnam War gave us the expression, “We had to destroy the village in order to save it.” The same kind of thinking might help explain the U.S....

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Talks Between GM, Auto Workers Union Heat Up

Posted 11.08.2011

Read More: Strike, Negotiations, Solidarity House, Bob King, Chrysler Group LLC, Dan Akerson, United Auto Workers Union, General Motors Co, Labor Unions, Ford Motor Co, Arbitration, Video, Business News

(Bernie Woodall and Deepa Seetharaman) - Contract talks between General Motors Co and the United Auto Workers union have intensified and shifted t...

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Verizon To Strikers: We Will Suspend Benefits At End Of Month

Bloomberg | Devin Banerjee | Posted 10.17.2011

Read More: Bloomberg, Communications Workers of America, Verizon Communications Inc., General Motors Co., Verizon Strike, Union Strikes, Rutgers University, International Brotherhood of Electrical Workers, Ibew, National Labor Relations Board, New York Stock Exchange, Business News

Verizon Communications Inc. (VZ) told 45,000 striking workers that it will suspend certain benefits at the end of the month if they haven’t returned...

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Hiring By The Auto Industry Might Drive U.S. Recovery: Survey

Posted 10.01.2011

Read More: Kpmg, Consumer Confidence, Japan Earthquake, Unemployment Rate, U.S. Debt Crisis, M&A, Jobs, U.S. Recession, Economic Recovery, Chysler, General Motors Co, Good News, Auto Industry, Business News

(Clare Baldwin) - The auto industry could lead an economic recovery in the United States, according to a recent survey by audit, tax and advisory ...

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Saab Admits To Not Having Enough Money To Pay Its Employees

Posted 08.23.2011

Read More: Zhejiang Youngman Lotus Automobile Co., Saab, Pang Da Automobile Trade Co., Spyker Cars, Employees, General Motors Co., Chinese Investors, The Swedish Debt Office, Russian Investors, Victor Muller, Financial Crisis, European Investment Bank, Production Stoppages, Sweden, Employee Wages, Business News

STOCKHOLM (AP) — Saab's owner said Thursday it doesn't have the money to pay employees' wages, deepening the financial crisis that is pushing the st...

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Fiat, Chrysler Unions Forming 'Global Network'

Posted 08.23.2011

Read More: United Auto Workers President Bob King, Labor, Caterpillar Inc, Work Conditions, United Auto Workers, Fiat SpA, Ord Motor Co, Chrysler Group LLC, International Metalworkers' Federation, Ergonomics, General Motors Co, Unions, Business News

DETROIT (Bernie Woodall and Deepa Seetharaman) - Unions representing workers at Chrysler Group LLC and its Italian partner, Fiat SpA, are forming ...

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U.S. Has 'Clear Path' To Selling Its Remaining General Motors Stake

Posted 08.22.2011

Read More: Auto Bailout, U.S. Treasury, Financial Stability, Committee on Oversight and Government Reform, General Motors Co, Taxpayers, White House Manufacturing Adviser, Ron Bloom, New York Stock Exchange, Video, Business News

DETROIT - The Treasury has a "clear path" to selling its remaining stake in General Motors Co shares, a senior Obama administration official is ex...

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Inside GM's Ambitious China Plans

AP | Posted 06.18.2011

Read More: Kevin Wale, Auto Market, Japan Earthquake, Buick, Tokyo and Michigan, Chevrolet, Tim Lee, Baojun, General Motors Co, Auto Sales, China, Shanghai, Business News

SHANGHAI -- General Motors Co. said Monday it plans to double the number of cars it sells in China to 5 million by 2015. GM China President Kevin Wal...

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Auto Union Grows For First Time In Years

Reuters | Posted 05.31.2011

Read More: Nissan, Uaw, Toyota, Chrysler, United Auto Workers, Honda, Economic Crisis, Kia, Vw, Auto Union, Ford, General Motors Co, Membership, Business News

DETROIT - United Auto Workers membership rose for the first time in six years in 2010, helped by a recovering U.S. auto industry and expanding to ...

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Big Stock Offerings Next Week Could Boost Markets

AP | DANIEL WAGNER | Posted 05.25.2011

Read More: General Motors Co, Shanghai-Automotive-Corporation, Stock Offerings, SAIC Motor Corp, US Stock Market, Business News

WASHINGTON — In the world of new stock offerings, everything about next week is big: The number of deals, the amount of money expected to be rai...

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GM Said to Repay Government $6.7 Billion Sooner Than Required

AP | KEN THOMAS | Posted 05.25.2011

Read More: Saturn, Gm, Ford, Cars, General Motors, Ed Whitacre, Bailout, General Motors Co., Washington, Fiat, Detroit, Car Makers, Jeep, Auto Bailout, Business News

WASHINGTON — General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amou...

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