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Avtovaz will offer Renault a large minority stake in the struggling company, the Interfax news agency quoted an official with the state concern that controls Avtovaz as saying. OAO Avtovaz has been considering bids from foreign companies including General Motors Corp. (NYSE:GM) and Fiat SpA. Avtovaz President Sergei Chemezov will present the project to Renault Chief ...
Automakers reported mixed U.S. sales results for November on Monday, with some new or more fuel-efficient models performing well despite consumer malaise over high gas prices and the weak economy. But even with rising sales of small cars and crossovers, the industry is predicting things will get worse in 2008. General Motors Corp. said Monday it ...
On Sept. 26, something happened that is likely to wreck Ben Carter's time-honoured health care business model. That's the day the United Auto Workers and General Motors Corp. settled on a revolutionary new contract that shifts US$46.7 billion worth of retiree health care costs from the company to the union. As chief operating officer of ...
United Auto Workers members have ratified a four-year contract with Ford Motor Co. that sets lower pay for some newly hired workers and puts the company's huge retiree health care debt into a UAW-run trust. The UAW, which represents about 54,000 workers at Ford, said Wednesday that 79 per cent of those voting favoured the ...
General Motors Corp. started production Monday of its two-mode gas-electric hybrid transmission systems that will debut in the 2008 Chevrolet Tahoe Hybrid and GMC Yukon Hybrid sport utility vehicles. Built at the automaker's Baltimore Transmission plant, the hybrid system will help GM compete against Toyota Motor Corp., which sells hybrid versions of the Toyota Highlander and ...
eneral Motors says it will set up a $250 million US alternative fuel research centre in Shanghai. GM CEO Rick Waggoner says the company believes China has the potential to become a leader in the adoption of alternative fuels. He says construction of the first phase of ``The General Motors Center for Advanced Science and ...
GMAC Financial Services said Wednesday it will cut about 3,000 jobs, or 25 per cent of the workforce at its Residential Capital LLC mortgage operation. The financial services company, partly owned by auto giant General Motors Corp. (NYSE:GM), blamed the cuts on ``sharp downturns in the U.S. residential real estate markets and the global dislocation of ...
The new venture has a projected production capacity of 250,000 cars a year, the companies said in a statement released late Monday. The investment is the latest by the U.S. automaker in the ex-Soviet republic, whose relations with the United States plummeted following the 2005 uprising in Andijan. Human rights groups and witnesses say hundreds ...
Say some clown steals your car from the parking deck at work. If it's equipped with General Motors' OnStar service, he could be in for a big surprise and you could get a little revenge _ and even see your car again. Starting with about 20 models for 2009, the service will be able to slowly ...
Ford Motor Co. and Chrysler LLC are negotiating with the United Auto Workers over the amount they would put into a retiree health care trust and may not contribute as much as General Motors Corp. did, two people briefed on the talks said Friday. The issues is one of several differences that could derail ...
Ford's U.S. sales plummeted 21 per cent in September on deep cuts in sales to car rental agencies. Toyota sales slipped four per cent, but General Motors and Honda fared better in a tough economic climate. General Motors Corp. said sales were flat compared with last September. The biggest U.S. automaker got a boost from ...
Under the deal, GM will send 5,000 of the SUVs to China each year, boosting the automaker's presence in the world's fastest-growing vehicle market. GM is the market leader in China and sold 876,747 vehicles there in 2006. The vehicles will be imported by GM's local partner, Shanghai-based SAIC Motor Corp., and sold through its ...
TORONTO (CP) _ While Canadian suppliers may suffer from General Motors' move to cut 1,200 jobs at an Ontario truck plant, U.S. companies are likely to take a bigger hit because they provide many parts used in assembling pickup trucks, analysts said Friday. ``It would be on the auto parts side of the equation ...
TRAVERSE CITY, Mich. (AP) _ General Motors Corp. has signed an agreement with a battery maker that could propel it ahead of Toyota Motor Corp. in the race to bring plug-in hybrid and electric cars to market, a top company official said Thursday. A123 Systems Inc., based in Watertown, Mass., already produces thousands of nanophosphate ...
Chevrolet Cobalt and HHR, Pontiac G5 and Solstice, and Saturn Sky feature new accessory ...
NEW YORK (AP) _ GMAC Financial Services, the finance company formerly controlled by General Motors Corp., said Monday continued losses from its home lending operations caused second-quarter profits to fall sharply. The New York-based company reported a profit of US$293 million, compared with $787 million in the same period last year. Revenue fell to $4.02 billion ...
Malibu Hybrid production begins in October, available at dealerships soon after ...
The Chevrolet Volt concept was awarded the 2007 North American Specialty Concept Vehicle of the Year and the Most Significant Concept Vehicle of the Year at an awards ceremony at the Automotive Hall of Fame in Dearborn. The Holden EFIJY won the 2007 North American Concept Car of the Year Award. Organized by ...
SPRING HILL, Tenn. (AP) _ General Motors Corp. announced Thursday that its plant in Spring Hill, which has built Saturn models for nearly 17 years, will be building a new brand. The brand's birthplace rolled out its last models for the Saturn brand this week as the plant gets ready ...

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