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Oct
9th

GM and Tengzhong Have Entered Into A Definitive Agreement For Sale of HUMMER

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DETROIT and SICHUAN, - General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM's premium all-terrain HUMMER brand. Full story...
Oct
8th

Driven: 2010 Cadillac CTS Sport Wagon

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Driven: 2010 Cadillac CTS Sport Wagon
2010 Cadillac CTS Sport Wagon - Cadillac Luxury Wagon Review - Automobile Magazine
The taillamps alone are worth the price of admission.

Now that General Motors is back from the brink, Cadillac must roll up its monogrammed sleeves to move more semiprecious metal. Toward that end, the new SRX gets the brand's first turbo engine, the stunning CTS coupe is scheduled to arrive next year, and two new sedans bracketing today's CTS are due in 2011. But the brightest ray of postapocalyptic hope is the CTS Sport Wagon: the first U.S.-factory-built wagon in Cadillac's 107-year history.


Photo Gallery: 2010 Cadillac CTS Sport Wagon - Cadillac Luxury Wagon Review - Automobile Magazine

Photo Gallery: 2010 Cadillac CTS Sport Wagon - Cadillac Luxury Wagon Review - Automobile Magazine


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Oct
6th

SOUTH KOREA: Bank tells GM to raise more for Daewoo unit

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Korea Development Bank has asked General Motors to raise more money for South Korean unit GM Daewoo or face the calling back of maturing loans and foreign exchange forward contracts. Full story...
Oct
5th

CHINA: GM opens Shanghai science lab

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General Motors has opened a science lab in Shanghai for automotive-related research and development. Full story...
Oct
5th

THAILAND: Strike halts GM production

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General Motors Thailand on Monday it had temporarily shut its manufacturing plant in the country due to a workers' strike. Full story...
Oct
5th

AUSTRALIA: Holden eyes North America’s police cruiser market

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General Motors' Australian unit Holden will offer a Chevrolet Caprice Police Patrol Vehicle (PPV) derivative of its locally built long wheelbase line to law enforcement departments across North America. Full story...
Oct
2nd

US: ‘Old GM’ chief sees liquidation plan ready mid-2010

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The chief executive of Motors Liquidation, the old shell of General Motors that remains in bankruptcy court, is hoping that the company will get court approval for a plan of liquidation by the middle of next year, he said. Full story...
Oct
2nd

US: GM to start Saturn wind-down after deal fails

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General Motors will now "move quickly" to wind down the Saturn brand after a proposed deal to sell the brand to dealer chain owner Penske Automotive Group fell through earlier this week. Full story...
Oct
1st

US: Lawmakers eye GM, Chrysler dealer axings

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US congressional leaders have pressured General Motors and Chrysler to resolve complaints about dealer franchise terminations the two Detroit-based automakers pushed through during their brief government-funded Chapter 11 bankruptcies. Full story...
Oct
1st

US: Toyota, Ford, seen outselling GM

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Toyota and Ford are likely to outsell General Motors in the US market by 2015 when industry sales will finally return to levels last seen in 2000, according to IHS Global Insight. Full story...
Oct
1st

OPEL SALE: Contract to be signed next week – report

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General Motors is on schedule to sign a contract next week selling a majority stake in Opel to the Magna International-led consortium with Sberbank, a media report said. Full story...
Oct
1st

Malcolm Bricklin, Subaru of America Founder – Let’s Make a Deal

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Malcolm Bricklin, Subaru of America Founder - Let's Make a Deal
Malcolm Bricklin - Subaru of America Founder Documentary - Automobile Magazine
"The P.T. Barnum of the automobile world," Malcolm Bricklin is the subject of a new biopic.

Aside from Bob Lutz, who's still punching the clock at General Motors, outsized personalities in the car business are an endangered species. That's what makes the rare sighting of Malcolm Bricklin so appealing in The Entrepreneur, a new documentary that's executive produced by Morgan Spurlock of Super Size Me fame. Directed by Jonathan Bricklin, the film follows his 70-year-old father - founder of Subaru of America, creator of the 1970s Bricklin SV-1 sports car, and infamous Yugo importer - on a globetrotting quest to start his own car company, Visionary Vehicles. The problem is that he has no car design. Or seemingly any automaker willing to provide said car, with which Bricklin intends to revolutionize the American auto business.


Photo Gallery: Malcolm Bricklin - Subaru of America Founder Documentary - Automobile Magazine


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Sep
30th

SWEDEN: Saab buyer may not get full EIB loan – reports

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Saab, currently being sold by General Motors, might not get the full SKR4.3bn (US$612m) loan it has requested from the European Investment Bank (EIB), a local paper Dagens Industri said, citing an anonymous source. Full story...
Sep
30th

General Motors Media Statement Attributed President and CEO Fritz Henderson

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Today we learned that Penske Automotive Group (PAG) has decided to terminate discussions with General Motors to acquire Saturn. This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality. Full story...
Sep
30th

Penske Group backing out of Saturn brand purchase

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Today we learned that Penske Automotive Group (PAG) has decided to terminate discussions with General Motors to acquire Saturn. This is very disappointing news and comes after months of hard work by hundreds of dedicated employees and Saturn retailers who tried to make the new Saturn a reality. Full story...
Sep
29th

US: GM eBay trial ending

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A General Motors venture to sell cars online through eBay has proven short-lived and will end this week, a person familiar with the situation told Dow Jones Newswires on Tuesday. Full story...
Sep
29th

CHINA: Regulators approve GM Delphi buy

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China has approved General Motors' plan to buy back part of former parts unit Delphi following an anti-monopoly probe, Chinese state media said on Tuesday. Full story...
Sep
29th

US: Saturn sale could close Wednesday – paper

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Detroit-based businessman and national dealer chain owner Roger Penske is expected to close a deal to buy General Motors' Saturn division tomorrow (30 September), a local paper reported, adding that an official announcement could be made on Thursday. Full story...
Sep
28th

SPAIN: Madrid steps up EU pressure over Opel sale

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The Spanish government wants European Union regulators to intervene in the proposed sale by General Motors of a majority stake in its Opel unit to a Magna International-led consortium. Full story...
Sep
25th

SOUTH KOREA: More GM-Daewoo loan talks planned

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The Korea Development Bank (KDB) and General Motors expect to complete negotiations over whether to provide a new emergency loan for GM's struggling Korean unit in mid-October when the automaker's CEO Fritz Henderson is scheduled to visit Korea, industry sources have said. Full story...
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