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News: Opinion -- KansasCity.com (Free subscription) | 21/11/2009
The U.S. government gave $50 billion to General Motors after it declared bankruptcy in early 2009. This is money from the taxpayers, nothing else, and people should definitely know what’s going on with GM and whether the investment is paying off.
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eurocarblog (Free subscription) | 19/11/2009
Earlier this month, there had been whisperings that Toyota would lose its crown as the biggest car producer in the world, and that Volkswagen could take the number one spot. According to latest reports, though, Volkswagen still sits at number three on podium, behind Toyota at number one and General Motors at number two. Despite coming in third, Volkswagen is closing the gap between it and Toyota,...
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Detroit News Online (Free subscription) | 19/11/2009
The CEO of the Renault-Nissan alliance said General Motors would have been far better off if it had formed a transcontinental alliance with the French-Japanese auto partnership in 2006.
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Star Tribune (Free subscription) | 20/11/2009
Nick Reilly, GM's President of International Operations and interim European chief, was quoted in the FAZ interview as saying: "We do not 'have to' close any plants. What we have to do is to reduce part of our capacity. We have to reduce part of our structural costs. And there are different ways of doing this. We are not necessarily talking about full plants. But if we have ten plants and want...
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habser | 19/11/2009
The Obama administration wants to hurry up its initial public offering (IPO) of General Motors Co. shares to reduce its majority stake in the automaker, according to Ron Bloom, the head of the U.S. government’s autos task force, in an interview with Reuters. At the earliest, an IPO for GM could come in the fourth quarter of 2010.
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BlogNetNews.com/Iowa (Free subscription) | 18/11/2009
Writen by Ed Failor, Jr. Yesterday, the Wall Street Journal ran an article with the optimistic headline of “GM Plans to Repay U.S. Loan.” [i] My initial reaction was quite surprised; General Motors (GM) is already in the position to repay American taxpayers? Sounds like an amazing feat for the automaker. Unfortunately, [...]
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1853 Chairman (Free subscription) | 18/11/2009
Nov 17, 2009 General Motors will build hot-rod Cadillac CTS-V sport wagon 11:38 AM By GM, AP The 2010 Cadillac CTS Sport Wagon could get a high performance upgrade Entering the market for hot-rod station wagons, General Motor’s Vice Chairman Bob Lutz has confirmed to Car and Driver that its going to build a 556-horsepower CTS-V version of the new Cadillac [...]
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BloggingStocks (Free subscription) | 16/11/2009
Filed under: General Motors (GM) In a bit of corporate strategy that would make Bernie Madoff blush, General Motors plans to use bailout money to pay back the $6.7 billion loan it has from the government. The rest of the $50 billion flushed into General Motors has been converted into equity, meaning it does not have to be paid back. The Wall Street Journal reports (subscription...
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Sky News (Free subscription) | 17/11/2009
One of General Motors' top executives has told Sky News there may be fewer UK job losses than the 600 to 800 already announced.
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ABC News (Free subscription) | 16/11/2009
GM reports $1 billion loss, yet claims it is a sign of the carmaker's recovery. General Motors - Makes and Models - Recreation - Autos - Business
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Below The Beltway (Free subscription) | 16/11/2009
So, how’s that bailout going ? DETROIT — General Motors said on Monday that its finances had improved to the point that it could begin repaying its government loans, though it lost nearly $1.15 billion in the third quarter after emerging from bankruptcy in July. G.M. said it increased its cash reserves by $3.3 billion from July [...]
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Business Wire (Free subscription) | 18/11/2009
FLINT, Mich.--(BUSINESS WIRE)--Williams & Williams (www.williamsauction.com), the premier brand in real estate auctions, announced that it is selling The Great Lakes Technology Center in Flint, Michigan through a global absolute without reserve auction on Tuesday, December 15th at 11:00 am EST. The Center is being sold in four parcels and interested buyers can bid on site at 4100 South Saginaw...
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Business Wire (Free subscription) | 17/11/2009
LONG BEACH, Calif.--(BUSINESS WIRE)--Apriso®, a leading provider of manufacturing software solutions for sustained operations excellence, today announced Shanghai General Motors Co., Ltd. (SGM) has implemented Apriso’s FlexNet® for Quality Containment, as part of initiatives to improve tracking of materials across production, reduce the cost of quality and increase manufacturing...