William Powell, General Motors' vice president of industry-dealer affairs, is retiring March 1. GM will not fill the position. Powell, 61, has spent 32 years with GM. He has held his current post since 2004.
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General Motors expects the current round of hourly worker buyouts to be its last -- workers who don't take the deal face the prospect of future cuts without such a safety net.
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General Motors expects the current round of hourly worker buyouts to be its last -- workers who don't take the deal face the prospect of future cuts without such a safety net.
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A General Motors executive has said February sales were so far matching January's, the industry's worst results in 27 years, but should improve.
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General Motors will be able to upgrade its battery-powered 'range extender' Chevy Volt much faster than conventional vehicles due to its new technology, an executive has said.
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General Motors was making progress on a government-required restructuring plan and would meet next week's deadline for submitting it, one senior Democratic senator has said.
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General Motors plans to upgrade its upcoming battery-powered Chevrolet Volt once it launches late next year faster than it could overhaul a conventional vehicle, a GM executive said on Tuesday night.
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General Motors plans to upgrade its upcoming battery-powered Chevrolet Volt once it launches late next year faster than it could overhaul a conventional vehicle, a GM executive said on Tuesday night.
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General Motors today notified employees that it will reduce the number salaried workers from 73,000 to 63,000 on a global basis this year. The announcement comes as the world's economy deteriorates, credit dries up, and shoppers ultimately wind up buying less vehicles.
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As General Motors prepares to present its viability plan to the U.S. Treasury Department next week, product chief Bob Lutz says GM's business model won't work if the market deteriorates further. "Stability is one thing.
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General Motors' restructuring plan, demanded by the federal government, is coming together, but work remains to be done, GM CEO Rick Wagoner said today.
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US production will improve in the second quarter but market recovery will take time, a senior General Motors executive has said.
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General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said on Tuesday it will cut 14 percent of its salaried jobs globally by the end of the year and slash the salaries of many who remain.
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General Motors will cut 10,000 jobs globally including 3,000 to 4,000 in Europe to reduce costs during the economic crisis.
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General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said today it will cut 10,000 -- or 14 percent -- of its salaried jobs globally by the end of the year and temporarily slash the salaries of many who remain.
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General Motors, facing a Feb. 17 deadline to show the government it's a viable company, said today it will cut 10,000 -- or 14 percent -- of its salaried jobs globally by the end of the year and temporarily slash the salaries of many who remain.
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Filing for bankruptcy would allow General Motors to reduce its debt more aggressively than an out-of-court restructuring and might not be as damaging as it would have been just a few months ago, an analyst has said.
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General Motors on Tuesday said it would axe 10,000 salaried 'white collar' workers from the current 73,000 globally this year.
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General Motors plans to cut salaried worker pay as part of a restructuring plan it will submit to the US government on 17 February.
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Industry legend Bob Lutz, General Motors' head of product development, will retire from the company at the end of the year.
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