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Sep
23rd

GM stock-offering target may drop as low as $8 billion

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General Motors Co. will probably seek to raise $8 billion to $10 billion in an initial public offering in November, a smaller sale than the automaker originally targeted, said two people familiar with the matter. The U.S. Full story...
Sep
23rd

GM taps Spike DDB for Chevy multicultural work

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General Motors Co. hired Spike DDB as its African-American agency of record on Chevy, and the shop will begin work on the account immediately, the automaker said Wednesday. Full story...
Sep
23rd

SWEDEN: Authority sends Saab debt dispute to enforcement agency

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Authorities in Sweden are to ask an enforcement agency to consider its claim Saab still owes SEK83m (US$12m) in salary cover paid during the automaker's transition from General Motors to Spyker. Full story...
Sep
22nd

Former GM Europe chief Donnelly named chairman of Oshkosh

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Former General Motors Co. executive Richard M. Donnelly has been named chairman of the board at heavy-duty vehicle maker Oshkosh Corp. Donnelly, 67, will assume the position on Feb. 1, 2011. He succeeds Robert Bohn, 56, who is retiring as CEO on Dec. Full story...
Sep
22nd

GM to test electrified Cruze in South Korea starting next month:

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General Motors Co. will begin testing a fleet of electric-powered Chevrolet Cruze vehicles next month in South Korea. Full story...
Sep
22nd

SWITZERLAND: ABB inks MoU with GM for battery research

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ABB and General Motors have signed a non-exclusive memorandum of understanding to cooperate on a research and development project to investigate uses for electric vehicle batteries once their useful life is over Full story...
Sep
21st

GM’s former metal trader sanctioned for fraud

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A former General Motors Co. metals manager was banned from trading commodities after bilking the automaker of $6.5 million through unauthorized aluminum transactions, according to U.S. regulators. Full story...
Sep
21st

GM resumes political donations

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General Motors Co., which is making plans to sell its stock to the public in November, has made its first campaign contributions since 2008, Federal Election Commission reports show. Detroit-based GM, 61 percent owned by the U.S. Full story...
Sep
21st

COMMENT: US Treasury hedges its GM bets

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General Motors has set itself a pretty ambitious target of paying back the US$50bn in bailout money doled out by the American taxpayer within "a couple of years." Full story...
Sep
21st

US: Treasury widens GM investor potential overseas

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Potential overseas investors could be involved in General Motors' initial public offering (IPO) as it looks to exit from the US Department of the Treasury's US$50bn bailout. Full story...
Sep
21st

UAW aims to share in turnaround in ‘flexible’ ways, King says

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The UAW will aim to ensure that its members share in General Motors Co., Ford Motor Co. and Chrysler Group LLC profits in contract talks next year, President Bob King said on Monday. The union wants the workers to share in the turnarounds at the U.S. Full story...
Sep
20th

GM starts ‘shuttle’ between Ontario plants to build more crossovers

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General Motors Co. today began regular production of the Chevrolet Equinox in the Oshawa, Ontario, assembly plant as a part of the 'Equinox Shuttle' plan, designed to increase production of its two top-selling crossovers. Full story...
Sep
20th

GM cutting Brazil profit margins, prices as competition grows

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General Motors Co. is reducing profit margins and prices in Brazil as competition grows in the world's fourth-largest auto market, said Jaime Ardila, who runs company's Latin American unit. Full story...
Sep
20th

US: GM confirms engine investment but subject to incentive talks

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General Motors has confirmed plans to spend US$483m and create 483 jobs for its current and next-generation Ecotec four-cylinder engines at its Tennessee plant of Spring Hill. Full story...
Sep
20th

US: GM confirms engine investment but subject to incentive talks

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General Motors has confirmed plans to spend US$483m and create 483 jobs for its current and next-generation Ecotec four-cylinder engines at its Tennessee plant of Spring Hill. Full story...
Sep
17th

Reuss says GM ready for more production

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General Motors Co. is evaluating new investments in North American plant capacity to ease short supplies of key vehicles, Mark Reuss, the automaker's North American president, said today. Full story...
Sep
17th

GM to upgrade four-cylinder engine plant:

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General Motors will invest $483 million to make the current and next-generation Ecotec four-cylinder engine at the Spring Hill plant in Tennessee. Full story...
Sep
17th

FRANCE [updated]: Renault coy on new GM CV JV details

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Renault has said it would continue its light commercial vehicle partnership with General Motors' Europe's Opel/Vauxhall brands but would not answer questions relating to the move, in particular, the future of the UK plant currently making some versions. Full story...
Sep
17th

FRANCE: Renault coy on new GM CV JV details

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Renault has said it would continue its light commercial vehicle partnership with General Motors' Europe's Opel/Vauxhall brands but will not at this point answer questions relating to assembly plants. Full story...
Sep
17th

CHINA: GM sees 10-15% 2011 growth

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General Motors expects 10 to 15% growth in China where it is targeting smaller cities and considering building another assembly plant to supplement output from joint ventures with FAW and SAIC. Full story...
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