GM Chairman: Health Care Hurting Firms
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General Motors Corp. chairman and chief executive G. Richard Wagoner Jr. called on corporate and government leaders to find "some serious medicine" for the nation's ailing health system.
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Representatives of General Motors Corp   and the United Auto Workers union returned to the  bargaining table on Saturday amid expectations the two sides  were closing in on a deal that would slash health care costs  for the top U.S. automaker.
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Negotiations between General Motors  Corp  and its major union ran through a fifth day of  overtime on Wednesday, with the automaker suggesting a trust  fund that would take over nearly $5 billion in annual  health-care costs, according to a person familiar with the  proposal.
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The top executive at General Motors Corp  said on Tuesday that the automaker was watching the downturn in the U.S. housing market closely and blamed the softness there for weakness in vehicle sales.
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GREENVILLE -- Medical lawsuits are one of the driving forces behind skyrocketing health care costs. That&#39;s according to Secretary Tommy Thompson, of the US Department of Health and Human Services.
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General Motors said Thursday that its earnings would fall this year because of rising health care costs and slowing profits at its financing division.
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Another disappointing sales month at General Motors Corp. and Ford Motor Co. led the nation&#39;s two largest automakers to cut planned vehicle production in the fourth quarter, which could hurt profits.
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General Motors Corp  in its contract negotiations with the United Auto Workers union has proposed one option that excludes establishing a union-run healthcare trust but calls for deeper cuts in several areas, the Wall Street Journal reported in its online edition.
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Bill Ford, Ford Motor Co.&#39;s chairman and chief executive officer, called Wednesday for federal help with health-care costs and the development of hydrogen-powered vehicles.
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The auto parts retailer struggles through a difficult second quarter.
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Our position is: Expansion of government control isn&#39;t the answer to US health-care problems. Soaring health care costs are taking an ever-larger share out of employee paychecks and eating into employer profits.
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Higher gasoline prices and interest  rates took a toll on U.S. vehicle sales in June, with General  Motors Corp.  braced for a sharp decline from last year&#039;s  incentive-boosted numbers, analysts and executives said.
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GMAC LLC, the auto and mortgage lender  controlled by Cerberus Capital Management LP , may face  "substantial difficulty" if credit markets do not improve,  Cerberus founder Stephen Feinberg wrote in a January letter to  investors, Bloomberg News reported on Thursday.
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U.S. regulators asked automotive giants General Motors Corp. and Ford Motor Co.  for information on how they account for pension and health care plans, the companies said on Tuesday.
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SOUTHFIELD, Mich. - General Motors Corp. and the United Auto Workers bargained for a fourth day as the automaker seeks a cost-saving healthcare accord. The UAW told members it may set a new deadline.
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GM's plan to reduce health care costs are a sham aimed at placating labor that won't do either.
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Hundreds of workers from Fiat SpA's struggling auto division demanded to speak to executives at group headquarters on Thursday about their fears of cutbacks due to a possible buyout by General Motors Corp.