The revised Magna bid submitted to General Motors for Opel "contained elements around intellectual property and our Russian operations that simply could not be implemented", the automaker's top negotiator reported through the somewhat unusual medium of a website blog.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept.
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General Motors Co. and its lending affiliate GMAC are expected to resume leasing cars as early as Aug. 1 after being away from the leasing market for a year, The Wall Street Journal and Bloomberg News reported.
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General Motors Co. and its lending affiliate GMAC are expected to resume leasing cars as early as Aug. 1 after being away from the leasing market for a year, The Wall Street Journal and Bloomberg News reported Tuesday.
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Fiat has beaten off General Motors Europe's Vauxhall to take over the supply of thousands of cars to BSM (formerly the British School of Motoring), the UK's most popular driving school.
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Toyota Motor group worldwide vehicle sales for the first half of 2009 fell 26% year on year to about 3,564,000 units, but it still beat General Motors to remain the largest automaker - the US rival shifted about 3,552,700 units during the same period.
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The U.S. Treasury will not step in to influence management decisions at General Motors and Chrysler Group after providing the automakers with some $70 billion in financing to restructure in bankruptcy, a White House adviser said.
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Opel's union demanded greater say in the process of selecting a future investor for the German carmaker and called on former parent General Motors to forgo any right to buy back a stake at a later point.
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Opel's union demanded greater say in the process of selecting a future investor for the German carmaker and called on former parent General Motors to forgo any right to buy back a stake at a later point.
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Opel's union demanded greater say in the process of selecting a future investor for the German carmaker and called on former parent General Motors to forgo any right to buy back a stake at a later point.
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RHJ International, a bidder for Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's CEO told a German newspaper on Sunday.
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RHJ International, a bidder for Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's CEO told a German newspaper on Sunday.
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RHJ International, a bidder for Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's CEO told a German newspaper on Sunday.
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RHJ International, a bidder for Opel, is not ruling out selling Opel back to U.S. parent General Motors after returning it to health, RHJ's CEO told a German newspaper on Sunday.
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Congress today turned up the heat on General Motors Co. and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. U.S. Sen. Jay Rockefeller, D-W.Va.
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Congress today turned up the heat on General Motors Co. and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. U.S. Sen. Jay Rockefeller, D-W.Va.
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