GM: Not Conceding U.S. Market Share
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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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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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U.S. corporate bond spreads ended a  touch wider with bonds of General Motors GM.N coming under  significant pressure on Tuesday, while ongoing demand for  higher yield kept new issues rolling in, market players said.
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Fiat and General Motors failed to settle  a row over whether the Italian group can sell its ailing car  unit to its U.S. partner and Fiat said it could exercise the  option any time from Wednesday.
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General Motors denies union comments that it has pledged to avoid job losses, as it seeks to bring its European unit back into profit.
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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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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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The sorry little conflict between GM and the UAW is not about the future of the American auto industry. Itâs about the past.
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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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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 Corp. narrowed the  gap with top seller Toyota Motor Corp. in the first half of  2007 thanks to a solid second quarter, although demand  continued to fall in its home North American market.
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General Motors Corp GM.N on Friday  denied that dealerships were cutting back on orders of the  company's 2005 models due to swollen inventories of unsold cars  and trucks from the 2004 model year.
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The slight rise in sales in September was not enough to prevent General Motors and DaimlerChrysler from losing market share to Toyota.
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Fiat kept up the pressure on General  Motors Corp. before a key meeting between the two carmakers on  Tuesday, saying the U.S. group would not be able to shut down  the Italian carmaker if it ends up having to buy it.
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General Motors Corp. , in the midst of reassessing its unprofitable European operations, is not ruling out closing a plant there and is likely to cut some jobs, a GM spokesman said on Wednesday.
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General Motors Corp. GM.N Chief   Executive Rick Wagoner said he was open to an alliance with   Renault-Nissan and made clear that talks might be extended   beyond a mid-October deadline set by the carmakers.
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U.S. automakers surrendered more market  share in August as sales incentives and gains by Asian  automakers kept overall sales steady, analysts said on  Thursday, a day before car makers release monthly U.S. sales  results.