GM to invest $200 mln in Saturn plant
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SAN FRANCISCO (CBS.MW) - General Motors said late Thursday that it plans to invest $200 million to upgrade and expand its Fairfax, Kansas manufacturing plant for production of the 2007 Saturn midsize car, which will begin in the second half of 2006.
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General Motors Corp., the world&#39;s biggest carmaker, will save 500 million euros ($664 million) annually at its unprofitable European unit after reaching an agreement with unions to cut 11,500 jobs and reorganize.
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General Motors Corp. and DaimlerChrysler AG are teaming up to develop fuel-saving hybrid technology for a range of vehicles that will help them compete with hybrid-vehicle leaders Toyota Motor Corp.
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NEW YORK, December 14  - Automakers General Motors Corp (XGM.NYS) and DaimlerChrysler announced their decision yesterday to jointly develop fuel-saving hybrid engines, with the aim of capitalizing on the growing global market for cars
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General Motors said Thursday it expects to take a $1 billion charge in the second quarter and pay a total of $7 billion to cover retirement costs for workers at the Delphi Corporation.
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Toyota Motor Corp., the world&#39;s biggest carmaker by value, will invest 3.8 billion yuan ($461 million) with its partner Guangzhou Automobile Group to boost manufacturing capacity in
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MEXICO CITY (Dow Jones/AP) -- DaimlerChrysler AG said Thursday it plans to spend $210 million to update one of its assembly plants in the northern Mexican state of Coahuila.
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One of the largest investors in General  Motors Corp.  on Friday urged the world&#039;s largest  automaker to consider a three-way partnership with Nissan Motor  Corp. (7201.T) and Renault SA .
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ROME, Feb. 13 -- General Motors Corp. agreed Sunday to pay Fiat SpA $2 billion to resolve a contract dispute, allowing the U.S. carmaker to divest its stake in Fiat's troubled auto unit and revise the companies' business relationship.
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New fuel efficiency requirements  imposed by Congress will add, on average, $6,000 to the price  of GM vehicles sold in the United States, the automaker's vice  chairman and product chief said on Tuesday.
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General Motors'  European labor force on Friday hailed news that the world's biggest carmaker had decided to sell Belgian-made Opel Astras in North America under the Saturn brand from late next year.
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General Motors Corp.  on  Wednesday said it plans to make a plug-in electric hybrid  version of the Saturn Vue Green Line, which will have double  the fuel efficiency of any current sport utility vehicle.
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An IBM-led group will spend $2.5  billion to build an advanced semiconductor plant and perform  related research projects in upstate New York, the state's  governor, George Pataki, announced on Wednesday.
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General Motors Acceptance Corp. plans to sell $2.7 billion of securities backed by auto loans on Wednesday, a person familiar with the deal said on Tuesday.
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Japanese compact car maker  Suzuki Motor Corp. (7269.T) will invest a further 200 billion  yen ($1.66 billion) in its Indian venture as it expands  capacity at car and engine plants, its chairman said on  Tuesday.
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General Motors Corp. said Monday it will set up a $250 million alternative-fuel research center in Shanghai amid efforts by global automakers to produce commercially viable alternatives to gasoline engines.
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Mazda Motor Corp. plans to invest more than 50 billion yen ($430 million) to build a small-car plant in Thailand together with top shareholder Ford Motor, and later may bring a plant of its own onstream in North America, the Nihon Keizai business daily reported on Friday.