GM eyes labor cost cuts, increased revenue
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General Motors Corp  told analysts on Thursday that it expected to cut annual U.S. labor costs by $5 billion and increase its revenues in all regions during 2008.
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General Motors Corp. said on Tuesday it sees the U.S. seasonally adjusted annual selling rate for vehicles in September at 16.7 million.
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General Motors Corp  will step up consolidation of dealerships handling its three luxury brands in a bid to shore up profitability, the automaker's chief executive said on Saturday.
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General Motors Corp.  on  Wednesday posted a larger-than-expected quarterly operating  profit as it slashed costs in North America and raised its  cost-cutting target by $1 billion, sending its shares up 5  percent.
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About 37,000 hourly workers have  accepted buyout offers by General Motors Corp.  and  Delphi Corp. , potentially giving the automaker  greater cuts than expected, a newspaper said on Friday.
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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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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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General Motors Corp. said on Thursday it expects to significantly improve operating results, including earnings and cash flow, over the next two-to-three years.
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General Motors Corp  said on Thursday it sees significantly improved operating earnings and cash flow in the next two to three years, but expects high fuel prices and declining consumer confidence to be a drag on U.S. sales this year.
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General Motors Corp. GM.N on  Wednesday raised its cash incentives by between $500 and $1,000  on most of its 2005 model year vehicles, a week after company  officials expressed disappointment with August sales.
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General Motors posted better-than-expected fourth quarter financial results, but indicated that its efforts to shave costs are not behind it as it offered buyouts to 74,000 employees - its entire U.S. hourly workforce.
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General Motors Corp  expects the  U.S. auto industry to increase incentives and promotions to  maintain sales above the 16 million mark in 2008, GM's North  American sales chief told Reuters on Tuesday.
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General Motors GM.N is considering   increasing its car exports from Europe, including to its key   U.S. market, to help boost productivity at its European sites,   a senior GM executive said on Thursday.
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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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General Motors Corp. GM.N said on  Thursday it expects earnings this year to fall due to lower  profits at its financial services unit and a $1 billion rise in  health-care costs.
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General Motors Corp. GM.N on Friday  said its U.S. sales soared a surprising 20.5 percent in  September, but the U.S. automaker also cut production and  raised incentives as it grapples with high inventories of  unsold vehicles.
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Ailing US car firm General Motors says it will ask for an extension to file its financial reports.