GM to Sell Locomotive Unit Shortly
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General Motors Corp., the world's largest automaker, will sign an agreement this week to sell its money-losing locomotive unit to two private U.S. equity groups, sources familiar with the negotiations said on Tuesday.
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Citigroup (CN: Quote, Profile, Research) said it agreed to sell its truck-financing business to GE Commercial Finance for $4.4 billion, concluding a recent spate of divestitures in its leasing operations.
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Faced with dwindling demand for its two oldest products and the urgent need to cut costs, General Motors Corp. will stop production of the Chevrolet Astro and GMC
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The real estate arm of diversified  conglomerate General Electric Co.  agreed on Wednesday to  buy a $2.2 billion portfolio of U.S. industrial, residential  and commercial properties, but said it would sell some retail  properties to another investor.
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General Motors Corp. will sell its  first made-in-China Cadillacs early next year in a market it  expects eventually to account for a fifth of global sales of  the iconic American luxury brand.
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General Motors Corp  said on Tuesday it will offer a new round of buyouts to some U.S. hourly workers, making way for the automaker to hire new employees at lower wages.
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A unit of the industrial, financial and media conglomerate General Electric Co. said Wednesday it will buy the water treatment company Ionics Inc.
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General Motors Corp.  and  bankrupt auto parts maker Delphi Corp.  are near a  deal with the United Auto Workers union that would provide a  cash payout to Delphi workers in exchange for lower hourly  wages, the Detroit News reported on Thursday.
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Italian group Fiat has until midnight on Tuesday 1 February to settle a contested agreement to sell itself to US car giant GM.
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Fiat SpA said Monday the end of its mediation period with General Motors Corp. had been pushed back until Feb. 1, but that it will have the option to compel GM to buy its troubled auto division beginning the following day.
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General Motors Corp  would be  able to buy out as many as 24,000 UAW workers and replace them  with lower-paid hires under a tentative contract agreement, the  Wall Street Journal reported on its Web site on Friday.
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Dodge will join Chevrolet and other mainstream American brands being sold in China when sales begin sometime this year, DaimlerChrysler AG announced Friday.
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DETROIT -- General Motors Corp., eager to lower wages and staunch the kinds of losses it saw in 2007, said Tuesday it is offering a new round of buyouts to all 74,000 of its U.S. hourly workers who are represented by the United Auto Workers.
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Fiat and General Motors Corp plan to  start one-on-one mediation to settle a dispute over whether the  Italian industrial group can sell its loss-mired car unit to GM  from Jan. 24.
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General Motors has reportedly agreed to pay two billion dollars (1.5 billion euros) to the Italian industrial conglomerate Fiat if it will abandon its option to sell Fiat Auto to the US automaker, the RadioCor news agency reported, citing sources close to the affair.
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General Motors Corp. GM.N will offer  its broadest and longest spread of interest-free loans later  this month when it holds a three-day sale to clear inventories  of 2004 model-year vehicles, dealers said on Tuesday.
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General Motors Corp.  is  in preliminary talks to buy Chrysler, a source familiar with  the situation said on Friday.