GENERAL MOTORS

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GM board meets, Germany presses for Opel deal

The board of General Motors Co met in Detroit on Tuesday as the German government stepped up pressure on the automaker to clarify its long-term plans for its European Opel operations.

GM board to review Opel options as pressure mounts

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The board of General Motors Co convenes in Detroit this week for the second time since the automaker emerged from bankruptcy under mounting pressure to reach a deal on the future of its Opel business.
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Daimler to beat $5.71 billion savings in 2009: paper

Daimler's (DAIGn.DE) chief executive told German newspaper Bild that the auto maker would perform better in 2010 and was set to achieve significantly more than 4 billion euros ($5.71 billion) in savings in 2009.
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Auto firms see India as small-car export factory

Global carmakers are lining up to make India, home of Tata Motors' (TAMO.BO) Nano, the world's cheapest car, a base for their export operations as they try to cut costs and move to compact, fuel-efficient vehicles.
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Magna most likely to win Opel-GM Europe chief

The head of General Motors Europe told a newspaper he believed Canadian auto parts group Magna was most likely to win a bidding battle for Opel, but that the carmaker could also thrive under the ownership of its U.S. parent.
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GM to restart Venezuela output, assemble new car

General Motors Co [GM.UL] will end a three-month stoppage at its Venezuela plants next week after reaching an agreement with the government of President Hugo Chavez to free up foreign currency to import parts.
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India's Maruti not worried by increased competition

Maruti Suzuki India (MRTI.BO), the country's top car maker, is confident of maintaining profits and growth despite increasing competition, including from Tata Motors' (TAMO.BO) Nano, the world's cheapest car.
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Canadian auto sales drop for 10th straight month

Auto sales in Canada fell for a 10th straight month in August, industry figures showed on Tuesday, though Ford managed to maintain the sales and market-share momentum that it gained in the middle of the industry crisis.
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U.S. auto sales boom; Hyundai, Ford gain ground

U.S. auto sales boomed in August as $3 billion in government incentives drove sharp gains for Hyundai Motor Co and Ford Motor Co but failed to provide a boost for General Motors Co in its first full month outside bankruptcy.
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GM's August China vehicle sales more than double

General Motors Co GM.UL said on Wednesday its China vehicles sales in August jumped 112.7 percent from a year earlier, paving the way for a more than 40 percent rise in sales for the full year.
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Koenigsegg close to financing Saab deal-report

Luxury sportscar maker Koenigsegg is close to securing the financing needed to carry out its purchase of Saab Automobile from General Motors, a Swedish business daily reported on Tuesday.
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U.S. Aug auto sales boom but clunker hangover looms

U.S. auto sales boomed in August as $3 billion in government incentives spurred sharp gains for Hyundai Motor Co, Ford Motor Co and Honda Motor Co and left the industry facing shortages of top-selling vehicles.
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GM U.S. August sales fall 20.2 percent

General Motors Co [GM.UL] posted a 20.2 percent drop in U.S. sales in August from a year earlier, the highest sales of the year, supported by the U.S. government's
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Clunkers to boost U.S. auto sales

U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.
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Clunkers may boost U.S. auto sales

U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the Cash for Clunkers program now exhausted.

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