GM: No spike in car loan defaults
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General Motors Corp.'s top finance executive said Sunday he doesn't see the subprime mortgage mess spreading into auto loans at the company's former credit arm, GMAC financial services.
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A recovery in the economy later this year will keep U.S. vehicle sales from plunging as deeply as the most bearish forecasts suggest, according to an outlook released on Sunday by the group representing U.S. auto dealers.
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General Motors Acceptance Corp., the finance arm of General Motors Corp. (GM.N: Quote, Profile, Research) Corp., may periodically sell up to $3 billion in adjustable rate demand
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General Motors Corp.  on Tuesday  said that overall 2006 U.S. auto sales were likely to come in  below the 2005 total because of higher interest rates and  gasoline prices.
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General Motors Corp. GM.N, coming off  two straight months of disappointing sales, told dealers on  Tuesday it will launch new U.S. sales incentives later this  week.
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Here's how hard it is to navigate today's fickle auto industry: Last year, General Motors Corp. managed to preserve profit in North America, but its market share tumbled. At the same time, GM's share of the European market rose to a five-year high, but the company lost a huge amount of money there.
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Investor's Business Daily - Cash rebates and cheap loan offers have never been so hefty. And auto analysts expect them to keep rising -- despite Federal Reserve rate hikes and signs that incentives may be losing their punch.
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General Motors Corp  expects that  the U.S. housing market will start to improve by 2009 and that  the U.S. economy will avoid a recession in the current year,  the automaker's chief auto industry sales analyst said on  Thursday.
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General Motors Corp. GM.N will offer  car buyers nervous about rising interest rates a chance to  lock-in today's low rates in a bid to boost its sluggish U.S.  sales, car dealers briefed about GM's new sales incentive plan  said on Tuesday.
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Ford Motor Co said on Wednesday it will  offer interest-free loans for up to six years on 2004  model-year vehicles, while rival General Motors Corp., raised  cash incentives for hurricane-affected consumers in Florida and  Alabama.
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General Motors Corp. (GM.N: Quote, Profile, Research) on Wednesday raised its cash incentives by between $500 and $1,000 on most of its 2005 model year vehicles, a week
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General Motors Corp. GM.N on Tuesday  posted a marginal gain in January U.S. vehicle sales, while  Ford Motor Co. F.N reported a moderate drop, and both U.S.  automakers said they would trim production further.
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Two major rating agencies cut General  Motors Corp.&#039;s  debt rating deeper into junk territory on  Tuesday after the automaker said it was offering banks  collateral to renew a credit facility.
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Ford Motor Co said on Wednesday it will match rival General Motors Corp.&#39;s offer of interest-free car loans for up to six years on 2004 model-year vehicles.
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General Motors Corp  Chief Executive Rick Wagoner said on Thursday the No. 1 U.S. automaker expects overall 2008 U.S. auto sales to be about the same as the depressed levels of 2007, even as global sales hit a new high.
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General Motors Corp. GM.N is planning   to offer longer warranties on its vehicles in an effort to   boost consumer confidence, a person briefed on the plan told   Reuters on Wednesday.
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General Motors, the world&#39;s top auto maker, expects China&#39;s car market to recover from a recent slowdown by mid-2005, Chief Executive Rick Wagoner said on Saturday.