GENERAL MOTORS

GM Annual Sales Surge 30.4% in China

Chevrolet Cruze vehicles are displayed at courtesy Chevrolet dealership in Phoenix
General Motors Co. saw a 30.4 percent year-over-year jump in sales of passenger cars in China in February, a record-setting month for the United States automaker. Sales rose primarily due to the absence of the Lunar New Year holiday, which fell at the beginning of the month last year.

Peugeot Sets Share Price at Discount in Alliance with GM

A combination photograph shows the car logos of Peugeot, Vauxhall and Opel
French auto manufacturer PSA Peugeot Citroën SA will sell shares at a 42 percent discount as part of a €1 billion ($1.32 billion) capital increase the company is seeking, as it confirms an alliance with U.S. automaker General Motors Co, reports say.
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Wall Street set to fall on Greece, economy worries

Wall Street was set to open lower on Tuesday on renewed concerns that Greece and private bondholders may not meet a looming deadline to complete a debt swap and as caution grew over the global economic outlook after recent weak data.
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Ford Motor Company

Ford Could Lose $600M in Europe This Year: Executive

Ford Motor Co. could lose between $500 million and $600 million in Europe this year, another inclination of automakers struggles in a region plighted by an ongoing debt crisis and crawling with competition.
General Motors

GM, Peugeot Deal: JV Aims to Restore Sagging Euro Operations

General Motors Co. said Wednesday that the company has entered into a long-term and broad-scale alliance with French automaker PSA Peugeot Citreon to share vehicle platforms, components and modules and jointly purchase goods and services from suppliers. As part of the agreement, GM will purchase a 7 percent stake in Peugeot.
The Peugeot 3008 Hybrid4 is pictured during the International Motor Show in Frankfurt

GM Hesitates Over Peugeot Alliance Plan: Report

French car maker PSA Peugeot Citroen's alliance talks with General Motors may yet fail as the U.S. automaker hesitates over criticism from investors, a source with knowledge of the discussions said.
Dodge Dart

Chrysler Expands Mopar Service Arm Into Argentina, Brazil

Seventy-five years ago, Mopar began as a name for an antifreeze product. That antifreeze brand has grown into the global automobile parts and service arm of Chrysler Group LLC, and its latest announcement further expands its global footprint.
Republican Debate: It was a ‘Surging Santorum vs. Raving Romney’ Show

Auto Bailout Sparks Discussion at GOP Debate

Republican presidential candidates revved up discussion Wednesday night of the 2008 and 2009 auto bailouts of General Motors Co. and Chrysler Group LLC during the 20th, and perhaps final, Republican debate in Arizona.
Chevrolet Volt

GM Fires Back at Gingrich's Gun Rack Criticism, Calling it a Cheap Shot

In this election season, the auto industry is one big political football. General Motors Co., however, wants to get out of that mix. So when Newt Gingrich attacked GM's Chevrolet Volt as an Obama car in a stump speech last weekend because you can't put a gun rack in it, GM fired back on Tuesday.
Mitt Romney

Romney vs. Obama on Auto Bailout: Will Govt.'s $2.43B Loss on GM Stock Matter?

The four words that envelop the headline nag along behind Mitt Romney wherever he campaigns on stops in Michigan. Let Detroit Go Bankrupt. These were the four words that served as the theme and message of an opinion-editorial Romney penned more than three years ago for The New York Times. It came in the midst of bipartisan bailouts to the swooning auto industry, in a time of debate over how to save what was once Michigan's most prestigious industry in its most prestigious city.
Young Mitt Romney with father

Auto Bailout Antagonism Isn't Likely To Shut Down Romney

The auto industry is the engine of the Michigan economy, but Mitt Romney's opposition to the ultimately successful government rescue of General Motors and Chrysler won't be a major concern of Republican voters in the state's Feb. 28 primary, observers say.
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Ally Financial Weighs Sale as IPO Looks Bleak

Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

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