General Motors has notified its dealers that if they want dealer cash on certain models, they must order more inventory on other models. GM's motive is to drive sales, but some dealers say the program could lead to competitive disadvantages.
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Debate is rampant about whether some form of federal aid is headed to the Detroit 3. Late last week, Democrats crafted a set of requirements that General Motors, Ford Motor Co. and Chrysler LLC must submit with their loan applications.
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Debate is rampant about whether some form of federal aid is headed to the Detroit 3. Late last week, Democrats crafted a set of requirements that General Motors, Ford Motor Co. and Chrysler LLC must submit with their loan applications.
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General Motors will end a nine-year endorsement partnership with professional golfer Tiger Woods on Dec. 31, a year earlier than scheduled, GM said today. A joint statement by GM and Woods called the separation )x("",mutual and amicable.
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Without a federal bailout, extreme cost cutting will be needed to reduce General Motors' cash burn enough for the automaker to survive the next few months. Company executives say GM needs $11 billion to $14 billion on hand to operate.
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If General Motors files for bankruptcy in the US, the outlook for its European brands varies from good to grim. Opel, GM Europe's biggest European brand, is considered at risk. Meanwhile, most observers say the Saab brand's future appears bleak.
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A collapse of General Motors would leave its European operations -- led by Opel -- in need of a need a partner or new owners to survive. But who would that be?
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General Motors Europe is reaching out beyond Germany in search of government help to avoid a liquidity crisis if its US parent goes bankrupt.
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General Motors directors are considering a Chapter 11 bankruptcy filing, the Wall Street Journal and Detroit television stations reported.
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General Motors directors are considering a Chapter 11 bankruptcy filing, the Wall Street Journal and Detroit television stations reported.
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Executives of Fisker Automotive Inc. said today that they will buy from General Motors a powerful gasoline engine for their plug-in hybrid luxury sedan, due next year in North America.
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General Motors is scrubbing part of its corporate jet fleet -- and scrambling to explain why. Two of seven leased jets were grounded in September when their leases expired. Now two more are being returned, GM spokesman Tom Wilkinson said today.
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General Motors is further altering its production schedule for December and January in a bid to save cash and balance its inventory.
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The failure of General Motors also would kill Ford Motor Co., the UAW's lead Ford officer said today. "Ford can't survive if General Motors goes down," said Bob King, the UAW vice president in charge of the union's Ford Department.
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Democratic leaders of Congress today blocked action on legislation that would provide $25 billion in emergency federal loans to the Detroit 3. Instead, the leaders directed General Motors, Ford Motor Co.
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A German regional state passed a law on Wednesday giving Opel EUR500m in loan guarantees in case parent company General Motors goes bankrupt.
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General Motors announced that it will suspend production at its Rayong plant in Thailand in December and January, as worldwide automobile demand continues to weaken. The plant has an annual capacity of 130,000 vehicles and produces primarily the Chevrolet Colorado and Isuzu D-Max pickup trucks for global markets.
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There’s obviously no such thing as putting on a brave face at GM. News that the firm faces financial crisis should have brought the tooth-whitened marketing execs out in their droves at the LA Show.
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German automaker Opel must be freed from the constraints of its U.S. parent company General Motors to develop cars of the future, the CEO of SolarWorld told German radio on Thursday. "I see a need to overhaul our manufacturing sector.
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German automaker Opel must be freed from the constraints of its U.S. parent company General Motors to develop cars of the future, the CEO of SolarWorld told German radio on Thursday. "I see a need to overhaul our manufacturing sector.
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