GM official says firm on track for turnaround: report
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General Motors Corp. was more than half way through with its turnaround plan, the car makers' Vice-Chairman told a Swiss newspaper in an interview.
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General Motors Corp., the world's biggest automaker, has pledged to avoid plant closures and forced layoffs in Europe as it seeks to return its money-losing European operations to profitability, worker representatives said Wednesday.
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DETROIT  - General Motors Corp. is forecast to post a healthy profit when it reports third-quarter earnings Thursday, but European business continues to falter and another severe overseas overhaul is likely.
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Carlos Ghosn, head of Renault and Nissan, appeared upbeat ahead of a meeting with General Motors chairman and chief executive Rick Wagoner on a potential global automakers&#039; alliance.
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General Motors Corp.  Chief  Executive Rick Wagoner said he does not expect a consolidation  in the U.S. auto industry in the near term despite the intense  pressures from fierce competition and excess production  capacity, The Wall Street Journal reported.
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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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Negotiators from General Motors Corp   and the United Auto Workers union on Saturday were  making substantial progress on several of the teams established  to pore over the contract details, a person familiar with the  talks said.
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General Motors Corp.  on Thursday posted slightly stronger quarterly earnings, but the results were at the low end of its own forecast and the company cut its earnings outlook for the year due to slower growth in Asia-Pacific and mounting losses in Europe.
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The top executive at General Motors Corp said Sunday that the woes of the economy were a concern to the automaker but predicted that the second half of 2008 would be better than the first.
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Renault RENA.PA and Nissan 7201.T   are making progress in talks with General Motors Corp. GM.N>   about forming a three-way alliance but the outcome is still   open, Carlos Ghosn said in a newspaper interview.
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General Motors Corp.  Chief Executive Rick Wagoner said on Friday the automaker's U.S. sales would fail to match last December's strong levels.
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General Motors Corp.  Chief  Financial Officer Fritz Henderson said on Thursday it is  "feasible" but "would be tight" for the auto maker to hammer  out a deal with Delphi Corp. by the end of the first quarter of  2007, the Wall Street Journal reported on its Web site.
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General Motors Corp  Chief Executive Rick Wagoner said on Thursday that the No. 1 U.S. automaker expects overall U.S. auto sales to hold roughly flat in 2008 with the depressed levels of 2007 even as global sales hit a new high.
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Nissan Motor Co. Ltd.  is on track to hit its net profit target for the current fiscal year, Chief Executive Carlos Ghosn said on Thursday, after missing last year's target by about 10 percent.
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Rick Wagoner said G.M. had made major progress in turning around its fortunes last year and urged patience for the long term.
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General Motors Corp.  Chief Financial Officer Fritz Henderson said on Thursday it is "feasible" but "would be tight" for the auto maker to hammer out a deal with Delphi Corp. by the end of the first quarter of 2007, the Wall Street Journal reported on its Web site.
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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.