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General Motors Offers Financing to Subprime Buyers
Thursday, August 2, 2012 - 8:49am | 471Read More...General Motors (NYSE: GM) will continue efforts to increase vehicle sales and is expected to release another purchase program for buyers with low credit scores. This same program was introduced back in 2010 after General Motors purchased AmeriCredit Corporation for $3.5 billion in efforts to gain...
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General Motors: Another Executive Bites the Dust
Tuesday, July 31, 2012 - 8:27am | 481Read More...General Motors (NYSE: GM) executives are proving to be as indecisive as the company itself, as abrupt departures continue to make headlines and raise concerns amongst shareholders. At a time when the automaker has been juggling whether or not to advertise on Facebook (NASDAQ: FB), along with...
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Toyota Aims to be Top of the Global Sales Chart
Thursday, July 26, 2012 - 11:22am | 424Read More...Toyota (NYSE: TM), the Japan-based automobile manufacturer, is driving towards regaining the number one sales ranking in the global auto industry. While American car companies like Ford (NYSE: F) have been struggling in the second quarter due to a massive declines in sales in Europe and South...
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Ford Looks to Cut Canadian Labor
Wednesday, July 18, 2012 - 12:36pm | 262Read More...Ford Motor Company(NYSE: F) announced Wednesday that it will be reducing labor costs in Canada. As rival General Motors (NYSE: GM) plans to cut pension costs depending on the results of a vote on Friday, Ford is looking to Detroit's neighbors across the border for cost cutting. According to The...
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General Motors Prepares for Pension Decision and Cadillac Campaign
Wednesday, July 18, 2012 - 10:56am | 356Read More...Auto giant General Motors (NYSE: GM) is preparing for a big day on Friday, when 42,000 retirees will choose between a lump-sum buyout or an annuity. According to the Detroit News, retirees that retired between October 1, 1997 and December 1, 2011 can receive a lump sum that in some cases is more...
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Ford Faces More Scrutiny from NHTSA
Wednesday, July 18, 2012 - 8:32am | 487Read More...Ford (NYSE: F) is having a difficult time keeping The National Highway Traffic Safety Administration (NHTSA) satisfied these days, as the automaker's Escape model is now under investigation for unintended acceleration. The news comes just a few days after Ford was forced to recall thousands of 2013...
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General Motors Brings in the IT Crowd
Friday, July 13, 2012 - 12:45pm | 558Read More...Auto giant General Motors (NYSE: GM) said Friday that it is planning to hire thousands of information technology workers in the next three to five years. According to the Detroit News, 90 percent of General Motors' IT is currently handled by roughly 10,000 workers outside of the company, while...
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General Motors Hiring Internally to Drive Profits
Friday, July 13, 2012 - 8:16am | 422Read More...General Motors (NYSE: GM) has plans in motion to hire thousands of information technology workers through 2017. According to The Detroit News, the company will be racking up employment numbers in an effort to head up a major information technology transformation that will inevitably increase...
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Will Detroit Benefit From the Automotive IPO Trend?
Friday, June 3, 2011 - 11:00am | 508Read More...There's a new trend for Detroit businesses: IPOs. It began last November when Reuters reported that the beleaguered automotive corporation General Motors (NYSE: GM) had the largest IPO on record, raising over $20 billion. According to The Detroit News, Delphi intends to follow suit, as the...
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Selling the Pistons Will Be No Easy Task
Monday, July 26, 2010 - 2:25pm | 176Read More...The Detroit News is reporting that Karen Davidson would like to sell the Detroit Pistons by the beginning of the 2010-2011 seasons, but that it will not be easy. Several trends in business and sports markets currently suggest that it could take in excess of a year to find new owners for the Pistons...
