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    GM will increase Volt production by 50% - to 45,000 units - in 2012
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    President Obama toured the General Motors' Detroit-Hamtramck facility where the automaker will build (can we say "is building" yet?) the Chevrolet Volt today, and as any good PR person will surely agree, you can't let an opportunity like that go by without making an announcement of some sort. ...

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    Report: GM's planned purchase of AmeriCredit questioned by senator
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    We've decided to stop trying to guess what General Motors will do before its IPO – which might come next month or later this year or early next year. What we do know is that GM has wanted to secure a captive finance arm before an IPO, a process that looked unlikely, then fell off the radar ...

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    GM eliminates 2,000 dealers, will end year with 4,500 showrooms
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    A little more than a year ago, General Motors had in excess of 6,000 dealerships across the country. In the viability plan GM submitted to Congress the automaker stated it would shut down 400 dealerships every year, shedding 1,600 of them by 2012. The General said it eventually wanted to get down ...

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    White House: Auto bailout worked, but we'll still lose money
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    One year ago, the U.S. auto industry was at the weakest point in its history. To make matters worse for the both the industry and the Obama Administration, the majority of Americans wanted nothing to do with a bailout, having just undertaken an even pricier propping up of the country's lending ...

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    Report: GM to announce repayment of federal loans in full on Wednesday
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    According to The Detroit News, General Motors will announce that it is fully repaying the federal loans it received last summer from both the United States and Canadian governments. In total, General Motors will have paid back about $6.7 billion ($2 billion of which has already been returned) of ...

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    Christmas List 2010: Rattner's book to debut in time for next Christmas
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    Planning for the future is perhaps an alien concept to big business – even automakers, with their protracted product development cycles. Take a cue of what not to do from them, then, and start planning now for next Christmas. May we suggest that your 2010 wishlist starts with what's ...

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    Meet Brian Deese, the 31-year-old in charge of breaking up GM
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    Many of us ABers being in our early- to mid-30s, we're less amazed that another of our ilk has risen to a decisive government position. We are, after all, a generation on the rise. The surprising part about Brian Deese's story is that he's been instrumental in shaping the Obama administration's ...

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    REPORT: GM reaches deal with Canadian Auto Workers union
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    After two weeks of intense negotiations, General Motors Canada and the Canadian Auto Workers (CAW) union have reached a deal that will help the automaker cut costs, allowing it to meet the terms for additional government loans. Ken Lewenza, head of the CAW, said it was "a struggle" to reach a deal ...

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    REPORT: GM hedges bets, plans to miss $1B debt payment deadline
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    The familiar expression goes "Better the devil you know," meaning it's preferable to deal with the nasty things you don't like but are at least familiar with. General Motors, however, doesn't seem to think so. The troubled automaker appears more ready to take its chances with bankruptcy than ...

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    Ford counting on the "B" word to score conquest sales
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    Is that 'B' as in bankruptcy or 'B' as in bailout? Probably 'B' as in both. Regardless of the buzzword you choose to slap on the respective situations General Motors and Chrysler find themselves in, it's not good, and Ford realizes this fact just as clearly as the rest of us. In response, the Blue ...

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    REPORT: Pontiac and GMC may get axe... you knew this was coming
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    When the president tells you to sharpen your pencil and improve your last-ditch survival effort, it's time to grab the big eraser. According to reports, General Motors may ditch its GMC and Pontiac brands to demonstrate just how serious it is. If the auto lines go, GM would be pared back to ...

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    GM and AIG: Why bondholders might want bankruptcy
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    Before we begin, let us state clearly that this is speculation by Karl Denninger at The Market Ticker. Examining the various stakeholders' interests in General Motors, Denninger has come up with a scenario that supposes GM's bondholders might actually want the automaker to file for bankruptcy. The ...

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    GM asking Department of Energy for $2.6 billion to build hybrids?
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    Click above for high-res image gallery of the 2011 Chevy Volt
    General Motors released an updated business plan to Congress on Wednesday, and one of the main points of interest surrounds the automaker's request of an additional $2.6 billion for the production of the Chevrolet Volt and two ...

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    STUDY: 76% of Americans believe economy can survive without GM
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    According to The Detroit Free Press, Rasmussen Reports called 1,000 people and asked them if they believed "the economy could recover without General Motors in business." The results were clear: 76% of respondents said "Yes, it can." The sentiment against any more taxpayer money being used to ...

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    Autoblog Podcast #121
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    Click above for the Autoblog Podcast in iTunes, RSS or listen now!
    We reluctantly skipped last week's podcast, so it's only appropriate we're back with a vengeance this week. Alex Nunez makes a rare appearance, joining Chris and Dan, and bringing rapier wit and incisive analysis to the podcast ...

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    Gov't rejects automaker restructuring plans, new deadlines set
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    President Obama has just finished his press conference on the government's determination of the viability of General Motors and Chrysler, and the gist is that both automakers have failed to convince the feds that their business plans deserve further investment. Obama and his task force will give GM ...

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    Rumormill: Obama will set a deadline for GM and Chrysler to address issues or enter Chapter 11
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    GM and Chrysler have until Tuesday to complete the financial restructuring demanded by the government under the terms of the bridge loans. It is unlikely that they will make that target. The sticking point for GM is unwillingness on the part of bondholders to agree to what's being asked: GM needs ...

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    REPORT: GM bondholders could still spur Chrysler merger
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    It's the General Motors and Chrysler merger saga, take three. A few months ago, GM said "No can do" to the union, taking off its ring and walking out of church. Now GM's bondholders may be contemplating a shotgun wedding, forcing The General back to the altar over the debt-equity swap the automaker ...

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    GM requests $16.6 billion more in Viability Plan, Saturn and Saab futures bleak
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    General Motors has just revealed its Viability Plan that was due today to the U.S. Treasury Department under the loan agreement signed back on December 31, 2008. Just like Chrysler, GM is requesting more money than it was initially loaned due to domestic and global industry sales that were ...

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    REPORT: GM lobbying Congress for $7B in tax relief
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    Ask for a little help from the government, and the next thing you know you're asking for the government to protect you from the very help it's giving you. General Motors is restructuring its debt load by offering equity shares instead of cash to debt holders, namely the government and the UAW. The ...

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