GENERAL MOTORS

Corrects paragraph 4 to show Henderson was named CEO of GM in March instead of April

General Motors Co's board of directors fired Chief Executive Fritz Henderson on Tuesday, saying it wanted to chart a new course as the top U.S. automaker pushes ahead with its restructuring.

U.S. auto sales edged higher in November, led by an outsized gain for Hyundai Motor Co and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy.

General Motors Co posted a 2.2 percent drop in U.S. sales in November from a year earlier, weighed down by brands it plans to divest or close, and said it would raise production in North America by about 75 percent in the first quarter.

General Motors Co said on Monday it delivered 151,427 vehicles in the United States in November.

Geely, the Chinese carmaker picked as the preferred bidder for Ford Motor's Volvo unit, is seeking at least $1 billion in loans from Chinese banks to finance its $1.8 billion bid, sources said on Tuesday.

Saab Automobile faced the threat of closure as the board of U.S. parent General Motors met on Tuesday to hammer out plans after a deal collapsed to sell the Swedish brand.

Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.

General Motors has regained full control over Opel after paying back a 1.5 billion euro emergency loan including interest, dissolving a trust that held a 65 percent stake in the European carmaker.

Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.

Corrects headline, second bullet point, first and second paragraphs to clarify the 10-15 percent sales growth forecast for 2010 is for the overall China market, not for GM's sales

General Motors expects sales growth for China's auto market to drop dramatically in 2010, as the carmaker nears the end of a year of government stimulus-fueled growth in the world's biggest car market, the head of the company's China operations said on Monday.

Corrects first paragraph to show 2010 sales growth forecast is for entire China auto market, not GM's sales

Beijing Automotive Industry Holding Corp might still be interested in buying General Motors' Saab unit, according to the Chinese car company's general manager.

Zhejiang Geely Holding Group laid out how it and Ford Motor plan to handle intellectual property (IP) rights for Volvo Car Corp., clearing a major barrier in its bid to acquire the Swedish brand.

Zhejiang Geely Holding Group has agreed with Ford Motor on intellectual property rights issues in its bid for Volvo, clearing a major barrier to acquire the Swedish luxury car brand, state media reported.

Chancellor Angela Merkel said on Wednesday she saw good prospects for Opel's German plants after the carmaker's parent, General Motors, presented a restructuring plan for its European unit.

General Motors targeted Germany on Wednesday for the bulk of 9,000 planned job cuts at European arm Opel, turning the tables on the country that lobbied hardest for an Opel sale to Canada's Magna.

General Motors targeted Germany on Wednesday for the bulk of 9,000 planned job cuts at European arm Opel, turning the tables on the country that lobbied hardest for an Opel sale to Canada's Magna.

General Motors cast around for fresh options for Sweden's loss-making Saab on Wednesday after the collapse of its sale added another dimension to tortuous European restructuring plans.

SAIC Motor Corp aims to double the sales of its own-brand cars to 180,000 in 2010, its president said on Monday, as the top Chinese automaker seeks to tap the lucrative mid- to higher-end market currently dominated by foreign rivals.