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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: General Motors

General Motors stories: 457 news summaries

441 - 457 of 457 Stories | << Prev 1 ... 19 20 21 22 23

UAW Targets GM on Contract

Car giant chosen as lead company in crucial talks

(Newser) - The United Auto Workers have chosen General Motors to be the lead company in negotiations on contracts set to expire tonight, adding pressure to strike a deal the UAW will then try to impose on Ford and Chrysler. The union chose GM because it's in the best financial shape of... More »

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Market Rallies on Corporate Gains, Labor News

GM, McDonald's bolster stocks

(Newser) - US stocks rallied today, with blue chips and Countrywide Financial at the helm. A General Motors' analyst upgrade and  a higher-than-anticipated dividend at McDonald's helped drive the Dow up 133.23 points, to 13,424.88. Countrywide rose 14% on news that the battered lender has lined up $12 billion... More »

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McDonalds Supersizes Indexes

Blue-chip stocks drive rally, as investors look for safe names

(Newser) - It was a Big Mac Attack on Wall Street today, as the fast food giant’s strong August numbers gave investors hope in consumer spending, leading a rally that left all major indexes up over 1%. GM was also a winner, rising 4% on positive labor news. Analysts say investors... More »

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Energy, Techs Give Stocks a Jolt

Traders still confident that Bernanke will cut rates; GM leads upward trend

(Newser) - Tech and energy stocks led a rally at the end of today's session on Wall Street, as rumors of an interest-rate cut multiplied and traders examined indications that earnings would outpace prices in the two sectors. GM was up 6.1% as the Dow jumped 91.12 to 13448.86,... More »

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GM Scores With Crossovers

New models steering customers back onto American lots in droves

(Newser) - In its fierce battle with Asian automakers to reclaim the hearts and keys of American drivers, GM has three reasons to celebrate: the Buick Enclave, GMC Acadia, and Saturn Outlook. The company’s crossover vehicles combine the look of an SUV with the higher fuel economy of a sedan—and... More »

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Chrysler Toyota General Motors Detroit Honda Ford Buick Enclave GMC Acadia Saturn Outlook cars

Gibbs Eyes Switch to Toyota

NASCAR team will leave GM after 16 years

(Newser) - Joe Gibbs Racing is in talks to move to Toyota Motorsports after 16 years and three series championships with General Motors, ESPN reports. The announcement is expected to come Wednesday morning at a press conference that could include Gibbs team drivers Tony Stewart and Denny Hamlin. Neither Toyota nor GM... More »

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Toyota Tony Stewart General Motors Denny Hamlin Kyle Busch Joe Gibbs Racing

How 1st-Year Students See the World

Annual list reveals mindset of this year's college freshmen

(Newser) - Humvees are always a mere down payment away, and it's only natural to see stadiums named after big corporations. Your source of info on '60s icons is Oliver Stone movies and anything else you need to know comes right from "The Daily Show." Don't worry; you’re not... More »

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In Nardelli, Chrysler Found Its Maverick

Cerberus relying on tough-talking new
CEO to cut costs

(Newser) - Former Home Depot chief Bob Nardelli has a reputation for being a brusque, hard-edged maverick, and that’s exactly what his new bosses at Chrysler want, Reuters reports. Cerberus Capital Management hopes to stem losses at the automaker by cutting costs, particularly in the delicate area of unionized workers. Nardelli’... More »

Toyota Banks Best-Ever Quarter

Good yen rate bolsters $4B quarter

(Newser) - Toyota reported its highest quarterly earnings ever today after profits surged 32% to $4.1 billion due to booming sales and favorable exchange rates for the yen. Revenue rose $54 billion, up 16% compared to the same quarter last year, and the Japanese giant sold 2.16 million cars, an... More »

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Foreign Cars Outsell Detroit

Foreign cars outsell American vehicles for first time ever

(Newser) - Foreign car makers, predominantly the Japanese, sped past their sputtering domestic competitors in July, outselling Detroit  for the first time in history. In their worst month in more than 2 years, the Big 3's July market share was just 48.1%, the Detroit News reports, down 185,000 cars from... More »

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GM’s Quarter Is Twice as Nice

Carmaker more than
doubles estimates, beats Toyota in sales for quarter

(Newser) - General Motors scored a breakout second quarter, more than doubling earnings estimates and turning a profit of $891 million, compared to a loss of $3.4 billion a year ago, Bloomberg reports. GM made money in three out of four regions globally, and nearly broke even in the recently treacherous... More »

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Japanese Foes Thump
Big 3 in June Sales

Figures spell especially big trouble for GM

(Newser) - GM's sales in June were down 24% from a year earlier, leading an all-American slump that saw Ford and Chrysler report downturns as Toyota, Honda, and Nissan rang up increases in figures released today. Discounts on the Tundra pickup helped Toyota jump into second place in the American market in... More »

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Detroit Resists MPG Rules

Face-off in Washington over tougher fuel economies

(Newser) - The Big Three car makers are trying to put the breaks on Congressional plans to toughen fuel economy standards to an average of 35 mpg over the next 15 years. The Wall Street Journal predicts a political struggle that will test how much clout Ford, Chrysler and GM still have... More »

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Chrysler Sale Suggests New Deal for Detroit

Ford, GM see hope
for restructuring
labor costs

(Newser) - The sale of Chrysler to private-equity firm Cerberus Capital Management could be a watershed for the entire industry, the Wall Street Journal predicts. Cerberus thinks it can make the embattled carmaker profitable by restructuring its debilitating $18-billion health care and pension liability. If it succeeds without resorting to bankruptcy—which... More »

Steep GM Drop
Puts Heat on
Labor Talks

Poor sales in North America point to  showdown with unions

(Newser) - General Motors, swimming in losses despite major cuts in spending, saw its bottom line plunge a staggering 90% in the first quarter. Somewhat improved automotive profits, especially in emerging markets, were undercut by heavy losses from defaults on high-risk home loans at lending unit GMAC. More »

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Toyota Finally Tops GM

First-quarter sales rise 9%, ending GM's 76-year reign as world's biggest automaker

(Newser) - Toyota vroomed past General Motors in the first quarter to become the biggest automaker in the world, ending GM's 76-year reign. Riding the strength of its innovative Prius hybrid and solid standbys like the Camry, Toyota posted record first-quarter sales of 2.35 million vehicles, compared to GM's 2.26... More »

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Advertisers
Dump Imus

Procter & Gamble and others pull ad dollars after racist comment

(Newser) - Piling on to the mounting outrage against Don Imus, three advertisers have pulled their support from the CBS radio show or its simulcast MSNBC TV program. The three include marketing heavyweight Procter & Gamble, Staples and Bigelow Tea, the Wall Street Journal reports. More »

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