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General Motors Company (GM)

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  • Jan. 14, 2013, 5:55 AM
    The Detroit Auto Show officially gets under way today, although GM (GM) has already introduced its new Chevrolet Corvette Stingray sports vehicle, which can go from 0-60 MPH in under four seconds. With an under-body made of aluminum, and a hood and roof of carbon-fiber composite, the Stingray is an example of how car-makers are using lighter-weight materials instead of steel to improve fuel efficiency.
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  • Jan. 10, 2013, 7:25 AM
    General Motors (GM) and Isuzu (ISUZY.PK) plan to explore the potential to develop a new truck together. The two automakers signed a memorandum of understanding and might announce something more formal later this month.
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  • Jan. 9, 2013, 10:06 AM
    General Motors (GM +2.8%) CEO Dan Akerson hopes the automaker can return to investment grade this year as it adds fresh models to its lineup and cuts down the bleeding in Europe. If the company can pull it off, it will join rival Ford which reclaimed its blue oval, Mustang trademarks, and other assets after leaving junk territory. (More from Akerson)
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  • Jan. 9, 2013, 7:27 AM
    Automobile sales in India fell 12.5% Y/Y to 141K due to high interest rates and steep fuel prices, according to The Society of Indian Automobile Manufacturers. The forecast for sales in 2013 in the nation has now been lowered all the way down to the 0%-1% range after being as high as 9%-11% just a few months ago. Key sellers in India include General Motors (GM), Ford (F), Hyundai (HYMLF.PK), and Maruti Suzuki (SZKMF.PK).
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  • Jan. 9, 2013, 5:34 AM
    Dan Akerson would prefer that somebody within GM (GM) follows him as CEO, he tells the WSJ, although he declines to discuss the timing of his own departure. Akerson feels the carmaker has made much progress over the past 2-3 years but has more to do. "We aren't great yet, but we are on a path." He's also cautiously optimistic that Opel will break even by mid-decade.
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  • Jan. 8, 2013, 2:12 PM
    General Motors (GM -0.9%) will drop its patriotic "Chevy Runs Deep" marketing campaign to go in a new direction which it thinks will better fit its global goals. Though sales in the U.S. still dominate its total haul, the automaker sees a tagline of "Find New Roads" for its Chevy brand as making more sense in the 139 other countries it sells in.
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  • Jan. 8, 2013, 1:32 PM
    Electric vehicle roundup: 1) The NHTSA says vehicles traveling slower than 18 mph must make an audible noise that can be detected by bicyclists and pedestrians. The agency thinks the measure will only add about $35 to manufacturing costs. 2) Year-end sales totals for Chevrolet Volt (GM) indicate the model saw sales grow 206% to 7,671 units, below some early sales targets but above dour estimates from notable EV critics. 3) Chatter on the Tesla (TSLA) Forums indicates the automaker saw a surge of activity late in Q4 which could tip off it met its quarterly production goal.
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  • Jan. 8, 2013, 9:28 AM
    General Motors (GM) passed Ford to become the leading seller of vehicles to the U.S. government as it now claims a market share of 38.7% compared to 21.4% for its rival. The trend will be closely watched with the Treasury Department set to sell off its stake in GM, although the automaker steadily maintains it won its contracts through aggressive bidding.
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  • Jan. 8, 2013, 6:44 AM
    The average fuel economy of new vehicles purchased by consumers improved 6% to 23.8 miles per gallon in 2012. General Motors (GM) led the charge to fuel-efficient powertrains by becoming the first American automaker to sell over one million vehicles in the U.S. that earned an EPA rating of 30 mpg or better.
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  • Jan. 5, 2013, 8:45 AM
    Dear growth investors: Earnings growth is getting hard to find and is increasingly concentrated to fewer big firms (last year: financials). If Fed help is less effective, where to find growth in 2013? Sectors that might see better sales-boosting chances: consumer discretionary (on rising consumer optimism), and those that get their revenues from China and emerging economies, like GM and industrials, as well as those based in emerging markets.
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  • Jan. 4, 2013, 10:15 AM
    General Motors (GM -1%) recalls more than 69K trucks and vans over the risk the vehicles could roll away due to a steering defect. Included in the recall are a variety of 2013 Cadillac and Chevrolet SUVs and pickup trucks.
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  • Jan. 4, 2013, 9:48 AM
    Will 2013 be the year General Motors (GM -1.5%) and Ford (F -0.1%) finally cut into the lead foreign rivals have in the luxury market? The automakers think fresh models from Lincoln and Cadillac can finally shrink the perception gap between the brands with BMW, Lexus, and Mercedes-Benz - but analysts aren't wholly convinced. To lure in new buyers, they think lease specials will need to be improved.
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  • Jan. 4, 2013, 6:54 AM
    Automobile industry analysts in China expect the market for vehicles to only grow between 5% and 10% in 2013 with a slowing economy and higher fuel costs still a drag on demand. Initiatives by local governments to curb car sales in an effort to ease traffic concerns could also stall the ambitious plans of General Motors (GM) and Ford (F) in the nation, while Japaneses automakers (NSANY.OB, HMC, TM) have even larger concerns with a public backlash due to a territorial dispute still a major factor.
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  • Jan. 3, 2013, 2:48 PM
    U.S. auto sales wrapup: After all is said and done automakers see 2012 end with close to 14.5M vehicles sold in the U.S., up 13% from 2011. A strong December for Ford, GM, and Chrysler capped off the year, while Japanese automakers improved sales dramatically from last year's earthquake-ravaged mark but fell short of the estimates of analysts. South Korean automakers Kia and Hyundai felt the sales sting from a flap over inflated fuel rating claims, while in the luxury market BMW edged out Audi and Mercedes. On tap: Can the industry sell 15M cars in 2013?
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  • Jan. 3, 2013, 10:11 AM
    General Motors (GM) December U.S. sales: +4.9% to 245,733, more than doubling up the sales growth mark expected by analysts. By brand, Cadillac and Buick posted double-digit gains, while the key Chevrolet brand saw sales increase 3.7% to 167,091. Total GM passenger car sales rose 14%, while crossover models gained 2% and the pickup/SUV category was flat. (PR)
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  • Jan. 2, 2013, 7:20 AM
    Automobile industry forecasters predict robust vehicle sales in the U.S. in 2013 as the momentum picked up in the sector in 2012 carries through into the new year. Polk's Anthony Pratt sees a larger focus on large pickup trucks this year, while a large slate of new models could also help stoke up demand. Fiscal cliff drama and a spurt of nasty winter weather in the last week of 2012 could have also pushed some sales forward.
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Company Description
General Motors Company designs, builds and sells cars, trucks and automobile parts. The Company also provides automotive financing services through General Motors Financial Company, Inc.