GM ends $4.1 bln credit pact, says liquidity OK
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General Motors Corp  on Friday said it had terminated a $4.1 billion standby credit agreement with a syndicate of banks, saying it had sufficient liquidity without the borrowing arrangement.
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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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Delphi Corp.  said on  Friday it had reached a tentative deal with the United Auto  Workers and former parent General Motors Corp.  intended  to allow the auto parts maker to cut wages and emerge from  bankruptcy.
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GM announces buyout offer to 74,000 union workers; posts staggering $38.7 billion loss.
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General Motors Corp  and the  United Auto Workers broke off negotiations in the early hours  of Friday and agreed to return to the bargaining table later in  the day, a GM spokesman said.
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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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General Motors Acceptance Corp., the  former finance arm of General Motors Corp. , on Tuesday  said it would receive another $1 billion from GM and warned it  would be hit by pressure from a weakening market for U.S.  mortgages.
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TURIN/DETROIT  - Fiat FIA.MI and General Motors  GM.N on Sunday dissolved their five-year partnership with the  U.S. auto giant paying the Italian group 1.55 billion euros ($2  billion) in cash to avoid having to buy loss-making Fiat Auto.
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Fiat and General Motors left their crunch meeting in Germany last night leaving everyone guessing at the status of the disputed legal arrangement
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The United Auto Workers and Delphi, the country's largest auto parts supplier, reached a tentative agreement yesterday on a comprehensive labor deal that could pull the troubled company out of bankruptcy and prevent a potentially crippling strike that could shut down General Motors.
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DETROIT - General Motors Corp. said Tuesday that people who buy 2005-model vehicles with loans from the automaker&#39;s financing arm through Nov. 30 will also be able to lock in the interest rate on their next vehicle.
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TORONTO (CP) - Stelco Inc. has salvaged a $900-million financing arrangement with Deutsche Bank despite the loss of a big General Motors contract.
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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.  said on  Wednesday it swung to a profit in the fourth quarter as it cut  costs and saw gains in its core auto operations.
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The United Auto Workers union and General Motors Corp reached a tentative contract on Wednesday to end a national strike by 73,000 workers with a deal that includes a groundbreaking health-care trust fund.
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General Motors Corp.  will inject $1 billion into GMAC, its former finance arm said on Tuesday, a capital infusion needed to complete the sale of the automaker's majority stake in the face of escalating defaults in the U.S. mortgage market.
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Ford Motor Co.  on Friday said it has entered a credit agreement including a $7 billion term loan facility and a five-year $11.485 billion revolving credit facility.