Stocks of automakers and parts suppliers jumped after President Bush's announcement that the executive branch will provide emergency bridge loans to the Detroit 3, amid a broad market gain. General Motors' stock price rose to $4.
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After weeks of uncertainty and contentious debate, General Motors and Chrysler will get up to $17.
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The White House has raised the b-word for the first time as a possible way to save financially-troubled General Motors and Chrysler.
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General Motors and Chrysler made significant progress late Thursday on a deal to secure emergency loans as part of a U.S. government aid package, sources familiar with the talks said.
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General Motors and Chrysler LLC made significant progress late Thursday on a deal to secure emergency loans as part of a U.S. government aid package, sources familiar with the talks said.
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General Motors and Chrysler LLC could get the first installment of $17.4 billion in federal emergency loans as soon as Dec. 29, the Bush administration says.
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General Motors Corp. and Chrysler LLC are close to securing emergency loans as part of a U.S. government aid package that would demand sweeping restructuring, according to sources familiar with the talks.
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General Motors is busy getting ready for their hometown show and has announced three more vehicles that will be on display.The beautiful CTS sedan will spawn a Sport Wagon version, which will target buyers currently seeking to dump their SUVs. On sale next summer, the 2010 CTS Sport Wagon will offer 720 litres of cargo space behind the rear seats.
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Next year, General Motors will be the biggest seller of vehicles equipped with direct injection in North America. The technology was initially borrowed from the realm of diesel engines, and is proving its ability to save fuel and reduce emissions. BMW, Volkswagen / Audi and Mazda also use the technology in some of their vehicles.
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President Bush has just announced emergency federal loans will be issued to prevent the collapse of General Motors and Chrysler LLC. The announcement came during a White House press conference earlier today.
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Next year, General Motors will be the biggest seller of vehicles equipped with direct injection in North America. The technology was initially borrowed from the realm of diesel engines, and is proving its ability to save fuel and reduce emissions. BMW, Volkswagen / Audi and Mazda also use the technology in some of their vehicles.
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Chevrolet won't be rocking on New Year's Eve. The General Motors brand has withdrawn from sponsorship deals with major TV networks as well as any on-the-ground activities in Times Square on Dec. 31.
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General Motors' revamped Chevrolet Equinox crossover will carry direct-injection engine technology across the line, boosting fuel economy in the base model while delivering the same amount of horsepower.
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We're hearing rumblings that General Motors is likely to show a Cadillac with the Chevrolet Volt's range-extending hybrid powertrain technology at the Detroit auto show.
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General Motors is launching new direct-injection engines which will first appear in the 2010 Chevrolet Equinox crossover, set to hit the streets next summer.
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General Motors is denying that talks about possibly merging with Chrysler have restarted.
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General Motors has insisted it will roll out the Chevrolet Volt electric car by 2010, whether not it gets government loans it has said it needs to survive into next year.
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General Motors has denied earlier reports it had renewed merger talks with Chrysler.
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General Motors and Chrysler have reopened merger talks after Chrysler owner Cerberus Capital Management suggested it was willing to give away part of its ownership in the auto maker, people familiar with the discussions have told the Wall Street Journal.
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The German government will not have a decision before Christmas on whether it will make available liquidity for General Motors' struggling German unit Opel, government sources told Reuters on Wednesday.
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