GM offers gas-price cap for SUV buyers
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Aiming to capitalize on consumer angst about the high cost of gasoline, General Motors Corp. on Tuesday said it would cap pump prices at &#36;1.99 for customers in California and Florida who buy certain vehicles by July 5.
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Shares of General Motors Corp.   rose to a four-month high on Monday after Goldman Sachs raised  its ratings on the No.1 U.S. automaker, citing the potential  for sizable wage and benefit cuts during talks with the United  Auto Workers for a new labor contract.
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Gasoline prices have jumped above $3 a gallon in some parts of California and Hawaii, and may hit that level other parts of the country when the busy summer driving season approaches. "It kills me," said Gloria Nunez, 53, as she filled her Ford Explorer SUV at a San Jose gas station. Nunez, a clerk for a communications company, has started working a couple hours of overtime each week to help soften the blow.
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General Motors Corp. GM.N Chief   Executive Rick Wagoner said he was open to an alliance with   Renault-Nissan and made clear that talks might be extended   beyond a mid-October deadline set by the carmakers.
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General Motors Corp. GM.N will offer  car buyers nervous about rising interest rates a chance to  lock-in today's low rates in a bid to boost its sluggish U.S.  sales, car dealers briefed about GM's new sales incentive plan  said on Tuesday.
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Gas prices may be lower than they were most of last year, but consumers still want to buy fuel-efficient vehicles, giving Asian automakers' sales a boost over Ford and GM in January.
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General Motors Acceptance Corp., the finance arm of General Motors Corp. (GM.N: Quote, Profile, Research) Corp., may periodically sell up to $3 billion in adjustable rate demand
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The nation's attorneys general announced a &#36;27 million ad campaign Monday to coax SUV owners to drive safely and to convince them they are not invulnerable when they get behind the wheel one of the big vehicles.
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General Motors Corp.  said on Thursday it received a document request from the U.S. Securities and Exchange Commission relating to derivative trading of foreign exchange and commodities contracts.
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General Motors Corp  Chief Executive Rick Wagoner said on Thursday that the No. 1 U.S. automaker expects overall U.S. auto sales to hold roughly flat in 2008 with the depressed levels of 2007 even as global sales hit a new high.
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Congress is set to increase fuel mileage requirements for automobiles and SUVs for the first time in 32 years and President Bush has signaled he will accept the new mandates on the auto industry.
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General Motors Corp.  said on  Tuesday it would subsidize gasoline purchases in Florida and  California to boost sales in those key markets.
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Toyota Motor Corp. , the leading seller of hybrid autos in the United States, is offering its first low-interest loan and lease incentives on the gasoline-electric Prius to boost sales by at least 50 percent this year.
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Although General Motors said that its hybrid buses would show a fuel economy improvement of up to 60 percent, the savings around the country appear closer to 10 percent to 20 percent.
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U.S. consumers will pay more for gasoline in the weeks ahead as fuel demand picks up going into the spring driving season, but a slowing economy may keep pump prices from rising as much as normal, energy experts said on Monday.
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General Motors Corp. , the world's largest automaker, will extend warranties to 100,000 miles on 2007 cars and trucks as part of a plan to tout quality and win back buyers lost to Toyota Motor Corp. and other rivals.
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General Motors President Rick Wagoner on Tuesday said that new emissions targets the European Union is preparing to impose would prove to be a &quot;stretch&quot; for the world's biggest carmaker.