GM talks grind on, health-care trust in focus
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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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General Motors Corp. will continue to explore an alliance with Renault SA and Nissan Motor Co. , the companies said yesterday, but questions over the benefits have stalled the talks.
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The generous health benefits paid by automakers will be a crucial sticking point in pivotal union negotiations.
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General Motors Corp. and the United Auto Workers made progress at the bargaining table Saturday but still faced significant hurdles and ended negotiations for the day without reaching an agreement.
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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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FRANKFURT, Germany  - General Motors managers and  labor officials tried again on Monday to nail down a deal on  sweeping cost cuts at the carmaker's loss-making European  business in time for approval at a GM board meeting on Tuesday.
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General Motors Corp. GM.N Chief   Executive Rick Wagoner on Wednesday said the automaker had made   "progress with all the constituents" in talks involving its   bankrupt former subsidiary Delphi Corp. DPHIQ.PK and unions   representing its work force.
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Contract talks between General Motors Corp and the United Auto Workers union resumed on Sunday, a day before tens of thousands of GM factory workers were due to return to work at the No. 1 U.S. automaker in the absence of a new contract.
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General Motors Corp. and Ford Motor Co. said Tuesday the Securities and Exchange Commission has asked them to provide information on their pension and retiree health care plans as part of an inquiry into how companies prepare estimates used to calculate pension costs.
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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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Republican presidential hopeful Mitt  Romney will demand more concessions to help hobbled U.S.  automakers deal with soaring health care costs and the sharpest  spike in mandated fuel efficiency standards in 30 years,  according to excerpts from a speech obtained on Sunday.
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Negotiators for the U.A.W. and General Motors have agreed on the framework for a health care trust, G.M.âs key demand in talks on a new contract.
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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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Executives from General Motors Corp. were meeting with their Fiat SpA counterparts Tuesday for talks likely to focus on the possible sale of the Italian giant&#39;s auto business.
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Employees at General Motors Corp. in Europe have discussed a major overhaul of the corporate structure in negotiations with management, the chief employee representative said in an interview published Sunday.
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Finding the cure to Detroitâs health-care ills in upcoming contract talks could prove critical to American automakersâ survival.
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Negotiations for a new labor contract between General Motors Corp  and the United Auto Workers union resumed on Friday morning as the No. 1 U.S. automaker heads toward a midnight deadline to either clinch a deal or face a possible strike.