GENERAL MOTORS

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U.S. Postal Service Releases Plan to Reverse Losses

The U.S. Postal Service warned it could become a long-term burden on taxpayers absent legislative change, as the cash-strapped agency put pressure on Congress to allow it to end Saturday delivery and to tap into a retirement-account surplus.
United Auto Workers union member Carrie Attwood uses an ergonomic-arm to install a front seat in a Chevrolet Volt electric vehicle at General Motors Detroit-Hamtramck assembly plant in Hamtramck

GM Posts Record Profit, Two Years After Bankruptcy and Near Collapse

General Motors Co. posted a record profit in 2011, adding to the dramatic turnaround for 103-year-old United States automaker just two years after filing for bankruptcy and nearly collapsing. The news sent stock of the company up more than 6 percent to $26.50 at midday.
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Tesla Motors Model X

Tesla takes wraps off 'falcon-winged' Model X SUV

Tesla Motors Inc on Thursday showed off a prototype of its Model X, a battery-powered SUV that represents the company's bet that consumers will buy a range of electric vehicles spun from a common platform.
Republican presidential candidate Mitt Romney always had a love for American cars, growing up as the son of a chief auto executive. However, in 2008 the former Massachusetts governor strongly opposed a bailout intended to aid the diminishing General Motor

Mitt Romney on Auto Bailout: Could This Give Obama an Edge?

Republican presidential candidate Mitt Romney always had a love for American cars, growing up as the son of a chief auto executive. However, in 2008 the former Massachusetts governor strongly opposed a bailout intended to aid the diminishing General Motors, Chrysler and Ford manufacturers. And now he’ll have to explain his reasoning if he wants to dominate Michigan’s primary on Feb. 28, according to Reuters.
A Fisker Karma luxury plug-in hybrid car is seen at the sixth annual Alternative Transportation Expo and Conference (AltCar) in Santa Monica, California

Fisker announces layoffs, renegotiates loan

Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.
Mark Zuckerberg

Facebook IPO: Top 10 Largest U.S. IPOs

Having filed for its initial public offering (IPO) on Wednesday, Facebook has the potential to debut on the New York Stock Exchange (NYSE) with one of the largest IPOs ever. Check out this slideshow to see which were the largest IPOs in U.S. history.
Indiana

Indiana Passes 'Right-to-Work' Legislation

Indiana became the 23rd state to pass anti-union right-to-work legislation on Wednesday and the first in the nation's manufacturing heartland, dealing a blow to organized labor by allowing workers to opt out of paying union dues.
Obama Washington Auto Show

Obama's Auto Bailout Success Story Will Prove Crucial in Election Fight vs. Romney

Picture President Barack Obama's reelection campaign as a showroom. Over there, at one stand, is an overall improving economy -- he hopes. And somewhere in the showroom, either as a part of the economy stand or standing on its own, will be the health and restoration of the United States automotive industry. If the past week and a half is any indication, Obama plans to use it as a critical point in his reelection campaign as the industry continues a dramatic recovery from dire straits just mor...
Mort Zuckerman

Mort Zuckerman is Bullish on Cities

Mort Zuckerman, the venerable real estate developer and media mogul, has a taste for urbanism. He attributed the strong fourth quarter and 2011 for his real estate investment trust Boston Properties, Inc. (NYSE:BXP) to its focus on major cities.

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