GM, which went bankrupt last year after almost a century on the New York Stock Exchange, advanced as much as 9.1 percent in its return to public trading following a $20 billion initial public offering. GM gained 6.6 percent to $35.16 at 10:08 a.m.
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GM shares finished their first day on the New York Stock Exchange up 3.6 percent amid heavy volume, closing at $34.19 -- a gain of $1.19 over its initial stock offering price of $33 a share.
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President Obama has welcomed General Motors' return to the stock market insisting the US$23bn IPO - purported to be one of the largest ever - was a major milestone for the manufacturer and the US auto industry in general
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Nissan executive vice president Colin Dodge said that Japanese carmakers will continue to suffer from a strong yen next year although China will bolster the company's performance in 2011.
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Upmarket black and white theme for Landmark limited edition Discovery 4.
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Figures from the SMMT show that car production rose by 6% year-on-year to 112,798 units in October.
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Figures from the SMMT show that car production rose by 6% year-on-year to 112,798 units in October.
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Ford says it will drop its stake in Mazda Motor Corporation to 3.5% from 11% with the deal expected to close tomorrow. (19 November).
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General Motors has priced its common stock offering at the higher end of US$33 - potentially allowing the automaker to repay up to US$23.1bn of its US$50bn taxpayer bailout.
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Skoda wants to produce 500,000 cars in China in the future,.The Volkswagen Czech subsidiary produced 131,779 cars in China in 2009.
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Kia Motors has unveiled its all-new Optima Hybrid sedan at the Los Angeles Show, a vehicle created primarily with the US market in mind
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Kia Motors has unveiled its all-new Optima Hybrid sedan at the Los Angeles Show, a vehicle created primarily with the US market in mind
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Cars made in Britain are increasingly popular with customers in North America according to the latest JD Power and Associates 2010 US Sales Satisfaction Index.
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First came the Genesis sedan and coupe. The Sonata followed. Days away is the Equus.
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Business development at the Schaeffler Group remained on a high level in the third quarter of 2010.
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Ford announced today it will reduce its stake in Mazda to 3.5 percent from 11 percent. The transaction is expected to be completed Friday. The U.S.
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Ford announced today it will reduce its stake in Mazda to 3.5 percent from 11 percent. The transaction is expected to be completed Friday. The U.S.
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Ford announced today it will reduce its stake in Mazda to 3.5 percent from 11 percent. The transaction is expected to be completed Friday. The U.S.
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Luxury carmaker Porsche won dismissal of investor lawsuits seeking to overturn decisions made at a 2009 shareholder meeting during the manufacturer's bid to take over Volkswagen Group.
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Auto interiors maker Johnson Controls set a 23 percent increase in its quarterly dividend on Wednesday and said more increases were expected in the coming years.
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