Update 4: GM Europe Offers Generous Buyouts in Deal
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General Motors Corp. offered German workers generous buyouts Thursday to pave the way for up to 12,000 job cuts in Europe, where the world&#39;s largest automaker is struggling to end years of losses amid fierce competition and weak demand.
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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 Corp. GM.N, the  world's biggest automaker, will keep shrinking its U.S. work  force this year, offering buyout packages to more salaried  employees to offset rising costs, executives said on Monday.
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General Motors said it was buying 50 percent of the Italian diesel engine maker VM Motori from Penske Corporation.
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Ferrari owner Fiat is trying to make GM (General Motors) buy the Italian marque&#39;s financially troubled auto division. Reportedly, Fiat has a &#39;put option&#39; on a four-year-old contract to compel the world&#39;s largest
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General Motors Corp will offer buyouts or early retirements to all 74,000 U.S. hourly workers represented by the United Auto Workers in a sweeping deal with the union intended to clear the way for GM to hire lower-cost replacements.
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General Motors Corp. 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. agreed to sell its Allison Transmission unit to buyout firms Carlyle Group and Onex Corp. for $5.6 billion as the largest US automaker raises cash to pay for job cuts, plant closings, and new models.
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GM Europe , increased vehicle sales by 5.3 percent to a record 1,127,871 units in the first half as a surge in demand for its Korean-built Chevrolet brand cars compensated for a hefty decline in Saab sales.
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General Motors Corp. is close to an agreement with the United Auto Workers on another round of buyout and early retirement offers to cut the number of workers in jobs banks and clear openings for workers hired at lower-tier wages
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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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Magna International Inc., Canada&#39;s largest auto parts supplier, offered to buy out shares in three units for as much as C$1.3 billion ($1.
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GM Europe , increased vehicle  sales by 5.3 percent to a record 1,127,871 units in the first  half as a surge in demand for its Korean-built Chevrolet brand  cars compensated for a hefty decline in Saab sales.
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G.M. said the buyouts will include a combination of early retirement incentives and other programs similar to the ones offered in 2006.
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Ford Motor Co.  will offer buyout  packages of up to $140,000 to all of the more than 75,000  workers at its U.S. plants, the United Auto Workers union said  on Thursday, a day before the automaker details a revised  turnaround plan.
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General Motors Europe will chop 12,000 jobs over two years -- around a fifth of its workforce -- to lop 500 million euros ($673 million
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ROME -- General Motors Corp. agreed yesterday to pay Fiat SpA $2 billion to resolve a contract dispute, allowing the US carmaker to divest its stake in Fiat's troubled auto unit and revise the companies' business relationship.