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GM and UAW support pensions bill
YAHOO
Reuters - Final pension reform legislation
headed for a vote in the U.S. Senate this week not only will
help bankrupt airlines save their traditional retirement plans,
but also is supported by General Motors Corp. and the
United Auto Workers.
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GM Reports Rise In Q2 Sales
AHN
General Motors Corp. on Friday said that it witnessed an 8.7 percent increase in global sales for the second quarter and sold 2.4 million vehicles globally. The automaker said the sales were lifted by "our four global brands (Cadillac, Chevrolet, Saab and Hummer)."...
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GM says second-quarter global sales up
YAHOO
Reuters - General Motors Corp. said on
Friday that it sold 2.4 million vehicles globally in the second
quarter, a 8.7 percent increase over the previous quarter.
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Manufacturing execs less confident on economy: poll
YAHOO
Reuters - U.S. manufacturing executives have
become somewhat less confident about the domestic and world
economies, as high energy prices and rising interest rates take
a toll on business, according to a study released on Thursday.
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GM posts 2Q loss of $3.2B on charges
YAHOO
AP - General Motors Corp. lost $3.2 billion in the second quarter because of heavy charges for layoffs and early retirements part of its massive restructuring program. But, without those charges, the world's largest automaker scored a profit that blew Wall Street away and bolstered management's claim that the turnaround is working.
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Moore's Mich. film festival has a message
YAHOO
AP - Michael Moore has made a career of butting heads with bigwigs. His documentary films, laced with thigh-slapping satire on politics and society, have taken aim at General Motors Corp., the National Rifle Association and of course President Bush. Still in the works is "Sicko," a none-too-flattering perspective on the U.S. health care system.
Sources: YAHOO
Wall Street lower on mixed earnings
YAHOO
FT.com - Wall Street opened lower on Wednesday as mixed earnings helped depress gains from the previous session's late rally. Investors were disappointed in Amazon and Corning (NYSE:GLW), but cheered by General Motors (NYSE:GM) and Sun Microsystems (NASDAQ:SUNW).
Sources: YAHOO
Wall Street seen lower on mixed earnings
YAHOO
FT.com - Wall Street was set to open lower on Wednesday as mixed earnings helped depress gains from the previous session's late afternoon rally. Investors were disappointed in Amazon and Corning, but cheered General Motors (NYSE:GM) and Sun Microsystems (NASDAQ:SUNW).
Sources: YAHOO
General Motors Reports $3.2 Billion In 2Q Loss
AHN
Auto maker General Motors Corp. on Wednesday announced it lost $3.2 billion in the second quarter of the year that closed late June. The company cited heavy charges for its massive restructuring program accounted for the loss....
Sources: AHN
GM posts 2Q loss of $3.2 billion
YAHOO
AP - General Motors Corp. said Wednesday it lost $3.2 billion in the second quarter as it absorbed heavy charges for its massive restructuring program. But the world's largest automaker reported an operating profit that handily beat Wall Street estimates and its sales surged 12 percent.
Sources: YAHOO
GM posts operating profit, net loss widens
YAHOO
Reuters - General Motors Corp. on
Wednesday posted a larger-than-expected operating profit, but a
wider quarterly net loss after writing down costs associated
with buyouts for almost a third of its factory work force.
Sources: YAHOO
Wall Street seen opening mixed
YAHOO
Reuters - U.S. stocks futures pointed to a
mixed Wall Street opening on Wednesday amid a flood of expected
earnings with car giant General Motors and plane maker
Boeing taking center stage.
Sources: YAHOO
GM reaches amended credit facility deal with banks
YAHOO
Reuters - General Motors Corp. said on
Monday it had reached agreement with a bank syndicate on an
amended $4.63 billion secured credit arrangement under which
the automaker's allowable borrowing would drop by about a
fourth in the event of a work stoppage.
Sources: YAHOO
Renault-Nissan Deal With GM Hinges On Synergy
AHN
Carlos Ghosn, the chief executive of Renault and Nissan, says his companies will only open their alliance to US auto giant General Motors if they think the potential synergy justifies the risk.
Sources: AHN
Renault-Nissan chief says GM deal hinges on synergies
YAHOO
AFP - Carlos Ghosn, the chief executive of Renault and Nissan, says his companies will only open their alliance to US auto giant General Motors if they think the potential synergies justify the risk.
Sources: YAHOO
Nissan-Renault CEO: GM capital tie not precondition
YAHOO
Reuters - Carlos Ghosn, head of Nissan Motor Co.
(7201.T) and Renault SA , said on Friday that a
capital alliance with General Motors Corp. was not a
precondition to any tie-up with the U.S. automaker, adding that
the issue was not discussed with the GM team last week.
Sources: YAHOO
GM says clears hurdle in GMAC sale
YAHOO
Reuters - 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.
Sources: YAHOO
Possible Automaker Alliance Makes Michigan Wary
AHN
Car giants General Motors, Renault and Nissan are in talks for a probable alliance. Michigan, America's Motor City, is wary of such talks. Members of Congress, Michigan governor and the head of the United Automobile Workers union have expressed concern on the possible deal given the state's high...
Sources: AHN
Toyota won't bar GM, Renault-Nissan union
YAHOO
AP - Toyota has no interest in blocking or joining the proposed tie-up between General Motors and the Renault-Nissan alliance, the Japanese automaker's president said Thursday.
Sources: YAHOO
Toyota not studying ways to join Nissan/Renault GM
YAHOO
Reuters - The president of Toyota Motor Corp.
(7203.T) said on Thursday he is not studying ways in which
Japan's top automaker could join a potential three-way alliance
between Nissan Motor Co. (7201.T), Renault and
General Motors Corp. .
Sources: YAHOO
GM, Toyota dismiss talk of alliance
YAHOO
AFP - Officials from both General Motors and Toyota dismissed reports that the Japanese automaker is interested in a stake in the ailing auto giant.
Sources: YAHOO
Toyota Looks At Partnering With GM
AHN
Japanese auto giant Toyota Motor is considering proposing an alliance with General Motors to prevent its U.S. rival from forming a three-way tie-up with Renault and Nissan. Citing "people with knowledge of the Japanese auto maker's plans," the magazine said Toyota had proposed to assist...
Sources: AHN
Toyota may look to block Nissan/GM deal: report
YAHOO
Reuters - Top executives at Toyota Motor Corp.
(7203.T) are considering options to head off rivals Nissan
Motor Co. (7201.T) and Renault from forging an
alliance with General Motors Corp. , according to
BusinessWeek.
Sources: YAHOO
GM's board to mull Renault-Nissan alliance: report
YAHOO
Reuters - General Motors Corp.'s board of
directors will hold a conference on Monday to discuss a
potential alliance with Renault SA and Nissan Motor
Co. Ltd. (7201.T), the Wall Street Journal reported on its Web
site.
Sources: YAHOO
GM, Renault/Nissan to continue alliance talks
YAHOO
AFP - General Motors, the world's largest automaker, and French-Japanese partners Renault and Nissan have rounded the first corner in exploratory talks for a three-way alliance.
Sources: YAHOO
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