Buoyed by stronger demand for pickups and crossover, GM said today that October sales increased 3.5% compared to a year ago. Excluding its discontinued brands, sales of Buick, Cadillac, GMC and Chevrolet models rose 13% for the…
General Motors may receive a tax break worth as much as $45.4 billion under the terms of its government-financed restructuring.
The credit is a final benefit from the company’s multi billion-dollar government bailout. Under the terms of the bailout, …
Carmakers are expected to report a mixed picture for October sales: mostly better than a year ago, but down slightly from September. Still, the pace appears strong enough that the upper end of full-year forecasts is reachable.
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Sunday was the end of the road for General Motors’ Pontiac. While the brand struggled in its later years, the success of its iconic muscle cars during its heyday will remain etched in the annals of American automotive history.
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The automaker said it will repay $2.8 billion it owes to the United Auto Workers retiree health care trust, buy back $2.1 billion in common stock held by the federal government and make a contribution valued at $6 billion to it…