GM says clears hurdle in GMAC sale
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The Pension Benefit Guaranty Corp.  will not hold General Motors Acceptance Corp. buyers liable for  General Motors'  employee benefit plans, clearing a  hurdle in the sale of the auto maker's finance arm, according  to a GM regulatory filing on Thursday.
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General Motors Corp. will have a tough  time posting stronger U.S. sales in December, a top GM  executive said on Friday, but the automaker is determined to  stop any further loss of U.S. market share.
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General Motors Corp. is offering customers the chance to lock in low-interest financing on their next two vehicle purchases as it seeks to boost US sales this month after a 5 percent decline in October.
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General Motors Corp., the world's biggest automaker. has pledged to avoid plant closures and layoffs in Europe as it seeks to return its European operations to profitability, worker representatives said Wednesday.
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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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Financial terms of the agreement between GM, the world&#39;s largest automaker, and its German-American rival weren&#39;t disclosed yesterday, but Tom Stephens, GM&#39;s group vice
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The Italian Fiat group can exercise from a disputed option to sell 90 percent of its fragile car making subsidiary to US giant General Motors, after months of still-unresolved wrangling and threats of legal action.
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MILAN, Italy  - Fiat refrained from exercising an  option to sell its car unit to General Motors when it came due  on Monday, saying it would wait at least until the end of talks  to settle a spat over the put's validity.
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General Motors Corp on Tuesday posted a quarterly loss reflecting a slump in its North American market and losses at former finance subsidiary GMAC.
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TORONTO (CP) - Troubled steelmaker Stelco Inc. and General Motors reached a deal Tuesday to secure the automaker as a customer next year, if the restructuring steelmaker can reach a key labour deal and prove to GM its restructuring is on track.
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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  said on  Tuesday it has reached an agreement with the United Auto  Workers union to offer a new round of buyouts to its U.S.  hourly workers.
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An option allowing Fiat to sell its car  unit to General Motors came due on Monday but Fiat said it  would hold off exercising the put until the groups wrap up  talks to settle a dispute over its validity.
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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 Corp.  said on Thursday U.S. securities regulators had requested documents relating to its accounting for financial hedges and said a parallel inquiry at its former finance arm could force the automaker to restate past results again.
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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 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.