Hummer finally appears to have found a home.
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Hummer finally appears to have found a home, reportedly with a Chinese company.
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U.S. President Barack Obama may find it tough keeping a pledge not to meddle in the management of General Motors once the government takes majority ownership of the giant automaker.
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Australian carmaker GM Holden will remain part of the new General Motors after the company emerges from bankruptcy.
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Magna International Inc. says it will present a detailed business proposal for General Motors' European operations by September.
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General Motors' manufacturing boss in Europe, Eric Stevens, is one of the two trustees that will run Opel/Vauxhall until the unit is taken over by Magna International, German wire services said Tuesday.
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General Motors' manufacturing boss in Europe, Eric Stevens, is one of the two trustees that will run Opel/Vauxhall until the unit is taken over by Magna International, German wire services said Tuesday.
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General Motors said it had reached a preliminary deal to sell its Hummer brand, part of its effort to shed half of its eight U.S. lines and leave bankruptcy court protection as a leaner company.
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Britain is confident it can save many jobs at U.K. carmaker Vauxhall after its parent, General Motors, filed for bankruptcy protection, Prime Minister Gordon Brown said on Monday.
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The Chinese manufacturer planning to buy General Motors' Hummer will expand the brand's lineup -- including alternative powertrains -- and retain its U.S. dealers, Hummer CEO Jim Taylor said today.
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With both General Motors and Chrysler LLC in bankruptcy, Ford Motor Co. is calling for the U.S. government to maintain a level playing field for all auto manufacturers.
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General Motors said today that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.
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The Chinese manufacturer planning to buy General Motors' Hummer will expand the brand's lineup -- including alternative powertrains -- and retain its U.S. dealers, Hummer CEO Jim Taylor said today.
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General Motors said on Tuesday that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.
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General Motors Corp., announced it has entered into a memorandum of understanding (MoU) with a buyer for HUMMER, its premium off-road brand. This transaction is the result of GM's strategic review of the HUMMER brand and the company's ongoing restructuring efforts.
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With both General Motors and Chrysler LLC in bankruptcy, Ford Motor Co. is calling for the U.S. government to maintain a level playing field for all auto manufacturers.
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General Motors is requiring all surviving dealers to sign a "participation agreement" asking them to comply with any dealership upgrades that the company imposes in bankruptcy.
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General Motors is requiring all surviving dealers to sign a "participation agreement" asking them to comply with any dealership upgrades that the company imposes in bankruptcy.
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General Motors today requested bankruptcy financing of $15 billion provided predominantly by the U.S. Treasury Department.
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The attempted reinvention of General Motors' image begins this week.
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