General Motors said today it will form a manufacturing joint venture with SAIC Motor Corp. in India in the first quarter of next year.
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General Motors said today it will form a manufacturing joint venture with SAIC Motor Corp. in India in the first quarter of next year.
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General Motors said today it will form a manufacturing joint venture with SAIC Motor Corp. in India in the first quarter of next year.
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General Motors Co. will sell a 1 percent stake in its existing China venture with partner SAIC Motor Corp. for about $85 million, giving China's top carmaker control and allowing it to consolidate the venture's accounts onto its balance sheet.
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A second small luxury car maker, Spyker of the Netherlands, is talking to General Motors Co. about buying Saab Automobile, weeks after the first, Sweden's Koenigsegg, abandoned its bid.
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General Motors of Canada Limited today announced that it will acquire 100 percent ownership of CAMI Automotive Incorporated (CAMI) through a purchase transaction to buy shares currently owned by long-time partner Suzuki Motor Corporation.
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General Motors Co. and Chrysler Group said they plan to institute binding arbitration for rejected dealerships in an attempt to settle talks with dealer groups.
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General Motors Co. and Chrysler Group said they plan to institute binding arbitration for rejected dealerships in an attempt to settle talks with dealer groups.
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General Motors Co. said it will institute binding arbitration for rejected dealerships as part of a plan to restore some stores and settle talks with dealer groups, though the arbitration would be limited to narrow criteria.
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The last time General Motors had a plain-talking Texan on its board of directors who was critical of the way the automaker did business, GM sent Ross Perot packing.
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The Obama administration has praised General Motors' former chief executive Fritz Henderson, who httresigned on Tuesday after the company's board decided the automaker needed new leadership.
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General Motors Co. is nearing a deal to sell majority control of its China venture and transfer half of its India operations to Chinese partner SAIC, sources with knowledge of the situation said today.
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General Motors Co. is nearing a deal to sell majority control of its China venture and transfer half of its India operations to Chinese partner SAIC, sources with knowledge of the situation said today.
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General Motors sees limited sales of electric cars over the next five years and will increase output of upcoming Volt plug-in cautiously, vice-chairman Bob Lutz has said.
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General Motors was "surprised and genuinely saddened" by the Tuesday resignation of chief executive Fritz Henderson, vice chairman Bob Lutz said at the Los Angeles motor show a day after his former colleague was asked to leave by the GM board.
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General Motors chairman and newly-appointed temporary CEO Edward Whitacre plans to push the automaker to boost revenue, increase profit margins and gain market share quickly now that he has taken the reins, people familiar with his thinking told the Wall Street Journal (WSJ).
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General Motors could now cut 8,300 jobs in Europe with most losses at the Opel plants in Belgium and Germany sources have told a news agency. GME had previously said that 9,000 jobs were under threat and interim chief Nick Reilly said last week that the future of the Antwerp plant in Belgium future was "uncertain."
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Volkswagen AG and General Motors Co. partner SAIC Motor Corp., China's biggest automaker, said on Thursday it suspended its trading on the Shanghai Stock Exchange as it plans a major asset restructuring.
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The ouster of General Motors Co. CEO Fritz Henderson will not deter the interim Opel boss from his timetable to deliver a plan that would help the European carmaker achieve sustained profitability.
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Not long ago, General Motors as the biggest company in the United States could have attracted a legion of CEO candidates, but the automaker only looked within.
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