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Just last week, General Motors announced plans to speed up repayment of billions in loans from the U.S. government. Technically, the company's fast-track, $1 billion-per-quarter payback schedule doesn't kick in until December, but GM is getting a head start on things by returning $140 million right now. The cash comes from a $2.5 billion loan GM...
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Detroit Dominates NACTOY Finalists
Detroit – or more precisely, General Motors – dominates the finalist list for North American Car and Truck-of-the-Year. In an unmistakable vote of confidence, GM grabbed four of the six top spots in the ...
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Chrysler Nails UAW Contract
The United Auto Workers reports that its members have ratified its first labor agreement with Chrysler LLC. “We are pleased that our UAW employees recognize that the new agreement meets the needs of the ...
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UAW, GM Come to Terms
The United Auto Workers ended its brief strike against General Motors early Wednesday after GM delivered the job security guarantees the union had demanded. In addition, the tentative agreement calls for ...
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UAW Strikes General Motors
Some 73,000 members of the United Auto Workers across the United States went on strike against General Motors Monday, after more than a week of intense negotiations failed to produce a breakthrough in an ...
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Ford Focuses Away from Hatches
Just a week after Ford , in Frankfurt, showed a facelifted 2008 version of its European-market Focus and pulled the wraps off a concept called the Verve, which is expected to herald the design direction of ...
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Chrysler Shocker: Toyota's Press On Board
In a stunning move, Chrysler LCC announced Thursday that it hired Toyota’s top American executive to serve as its president. Chrysler said Jim Press, president and chief operating officer of Toyota ...
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Ford Rolls Out Eco-Friendlier Paint
Ford Motor Company today announced that it’s testing a new ‘eco-friendly’ paint technology that reduces overall CO2 output by 15 percent. And with a little luck, or calling around, you might be able to sample ...
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GM Turns In $891M Profit in Q2
In sharp contrast to its dismal performance a year ago, General Motors turned in a strong $891 million profit, while announcing that global sales hit a record during the second quarter, buoyed by demand in ...
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