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April 25, 2010 - May 1, 2010 Archives
GM's Whitacre cites early payback of loan
General Motors CEO Ed Whitacre appeared in an ad on TV recently to announce GM had "repaid our government loan, in full, with interest, five years ahead of the original schedule." He was referring to the payment of $8.1 billion...
April 29, 2010 9:50 am
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GM to invest $890 million in engines
General Motors will invest $890 million at five factories to make its V-8 engines more fuel efficient, preserving or creating roughly 1,600 jobs, according to The Associated Press. The automaker planned to announce the investments Tuesday at factories in Tonawanda,...
April 28, 2010 5:41 pm
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April Sales to Drop - Edmunds.com
After a brisk March buoyed by incentives -- notably those from Toyota -- it will be April showers for auto sales, according to Edmunds.com. The Seasonally Adjusted Annualized Rate (SAAR) is expected to be 11.2 million, down from 11.8 million...
April 28, 2010 5:14 pm
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Ford Makes another Quarterly Profit
Ford had its best quarterly performance in six years, earning $2.1 billion, and now expects to return to profitability this year, according to The New York Times. The first-quarter profit was the company's fourth consecutive quarterly profit and reflects how...
April 28, 2010 5:14 pm
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Ford on Track to Second in U.S. Sales
Data from Edmunds.com suggests Ford could return to being the number two automaker in the U.S. "Ford has demonstrated that the key to a turnaround is product, product, product -- while pushing costs down," commented Edmunds.com Senior Analyst Michelle Krebs....
April 28, 2010 5:05 pm
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