The collapse of a Detroit automaker would send shock waves through Chicago, from South Side manufacturers to northwest suburban dealerships to downtown TV studios. As General Motors, Ford Motor Co.
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In a vote of confidence in the country recovering from a terrorist attack in Mumbai, General Motors on Monday said it India would become its powertrain development hub for the Asia-Pacific region.
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Ford Motor has no intention of asking the German government for the kind of state aid that General Motors' Opel unit has requested, the head of Ford's German operations told a newspaper.
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General Motors and Ford Motor have approached the Swedish government about aid for their Saab and Volvo car units, the Financial Times said on Monday.
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The board of General Motors met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion in emergency funding from the U.S. government, a person familiar with the deliberations said.
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General Motors is asking dealers to order more vehicles to earn incentive cash but with a provision the automaker says is designed to balance dealer inventories.
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The board of General Motors met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion in emergency funding from the U.S. government, a person familiar with the deliberations said.
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General Motors has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, the Financial Times said.
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General Motors has asked real estate agent Jones Lang LaSalle for help in raising up to $257 million from the sale and leaseback of some of its European offices and other property assets, the Financial Times said.
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General Motors, whose CEO was blasted last week by U.S. lawmakers for flying on a private jet to ask for public funds, has asked the U.S. Federal Aviation Administration to prevent public tracking of a jet it leases.
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Trade unions at General Motors Europe say they will fight plans to cut costs at the automaker.
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Like many in Congress, many Americans are reluctant to support a bridge loan for General Motors, Ford, and Chrysler, a recent Morpace Omnibus Study showed.
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General Motors is mulling whether to drop its Saab, Pontiac, Saturn brands, as well as its Hummer brand, as part of a plan to win $12 billion of U.S. government loans, Bloomberg News said on Wednesday, citing people familiar with the matter.
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DETROIT -- General Motors is studying the idea of killing the Saab, Saturn and Pontiac brands as it seeks U.S. rescue loans, Bloomberg News reported today.
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Shares of General Motors and Ford Motor Co. jumped today after Deutsche Bank said chances have improved for the struggling U.S. automakers to receive a government bailout. "There is growing concern about the risks to the U.S.
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General Motors is canceling its franchise make meetings at the 2009 National Automobile Dealers Association convention. Instead, GM will hold one general company meeting on Sunday, Jan. 25.
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Lyle Dennis, one of the biggest fans of the Chevrolet Volt, is floating an idea that could jump-start production of the highly anticipated hybrid electric sedan and help General Motors out of its financial mess.
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General Motors' purchasing chief says his supplier ranks are not demanding shorter payment terms or cash on delivery, despite the automaker's shaky finances.
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J.P. Morgan Securities widened its 2009 loss estimates for General Motors on lower international earnings and likely higher interest costs from government debt. J.P. Morgan forecasts a loss of $25.
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