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General Motors Co

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  • US auto loans hit 8-year high, fueled by subprime Thursday, 14 Aug 2014 | 2:47 PM ET
    A customer looks at a sale price tag for a Cadillac Escalade Hybrid at a dealership in San Francisco.

    Auto loans jumped this spring, fueled by a big increase in lending to risky borrowers, according to a new report by the New York Fed.

  • Daniel Loeb's Third Point added 1 million shares of Dollar General, raising his stake by 33 percent, while Blue Ridge Capital, founded by Tiger Cub John Griffin, nearly doubled its stake in Walgreen when it bought 2.8 million shares.

  • GM to invest $2.8 bln in Brazil in five years-CEO Thursday, 14 Aug 2014 | 11:15 AM ET

    BRASILIA, Aug 14- General Motors Co will invest 6.5 billion reais in Brazil over the next five years, Chief Executive Officer Mary Barra said on Thursday. Speaking to reporters in Brasilia after meeting President Dilma Rousseff, Barra said the new investment will spent on new products, technology and maintaining plants.

  • NY Fed: US auto loans soar to highest in 8 years Thursday, 14 Aug 2014 | 11:15 AM ET

    WASHINGTON— U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. This spring, banking regulators at the Office of the Comptroller of the Currency said that "signs of increasing risk are evident" in auto lending.

  • Eurozone recovery grinds to halt amid Ukraine fear Thursday, 14 Aug 2014 | 1:31 AM ET

    The European Central Bank, with a further monetary stimulus? Or governments in France and Italy, which have dragged their heels in making their economies more business-friendly? Especially if the Ukraine crisis mushrooms with a Russian invasion that would scare off business investment even more— and extend one bad quarter into an outright recession.

  • European companies slam Chinese antitrust probes Wednesday, 13 Aug 2014 | 8:42 PM ET

    European companies have lashed out at the Chinese government, saying that they have been subject to "intimidation tactics" by officials.

  • Business Highlights Wednesday, 13 Aug 2014 | 6:19 PM ET

    NEW YORK— Matt Cottle is one of a few known small business owners with autism, a brain disorder that affects a person's ability to comprehend, communicate and interact socially. NEW YORK— Amazon's new credit-card processing device and mobile app is designed to help small business owners accept payments through their smartphones and tablets.

  • Final Glance: Autos companies Wednesday, 13 Aug 2014 | 6:14 PM ET

    Ford Motor Co. rose$. 21 or 1.2 percent, to $17.42. General Motors Co. rose$. 25 or. 7 percent, to $33.95. Honda Motor Co. rose$. 43 or 1.3 percent, to $34.34.

  • Midday Glance: Autos companies Wednesday, 13 Aug 2014 | 1:50 PM ET

    Ford Motor Co. rose$. 23 or 1.3 percent, to $17.44. General Motors Co. rose$. 32 or. 9 percent, to $34.02. Honda Motor Co. rose$. 40 or 1.2 percent, to $34.31.

  • DETROIT, Aug 13- General Motors Co will start construction this fall on a $174 million stamping plant in Lansing, Michigan, that will make components for the nearby Lansing Grand River assembly plant, the company said on Wednesday. The ATS and CTS are built at the Lansing Grand River assembly plant.

  • 20 big profitable US companies paid $0 in taxes Wednesday, 13 Aug 2014 | 10:50 AM ET
    A Merck sign in front of the company's building in Summit, New Jersey.

    These 20 S&P 500 companies reported effective tax rates of 0% or lower in the second calendar quarter, despite reporting a profit during the period.

  • Early Glance: Autos companies Wednesday, 13 Aug 2014 | 10:32 AM ET

    Ford Motor Co. rose$. 16 or. 9 percent, to $17.37. General Motors Co. rose$. 16 or. 5 percent, to $33.86. Honda Motor Co. rose$. 36 or 1.1 percent, to $34.27.

  • To achieve annual sales above pre-recession levels of about 17 million new vehicles, "the automakers are going to have to increase incentives more," said Larry Dominique, executive vice president of research firm TrueCar Inc..

  • Flooding slows production at Detroit automakers Wednesday, 13 Aug 2014 | 8:01 AM ET
    A stranded motorist awaits rescue on the Southfield Freeway, Aug. 11, 2014, in Dearborn, Mich.

    One Chrysler worker's Jeep stalled on a flooded entrance highway ramp and she had to swim to safety.

  • GM says China venture contacted by regulators Wednesday, 13 Aug 2014 | 1:01 AM ET

    BEIJING— General Motors Co.' s main China joint venture has joined automakers that say they have been contacted by Chinese anti-monopoly regulators as part of an investigation of the industry. Mercedes Benz, Toyota's Lexus luxury brand and Japanese parts suppliers also are under scrutiny.

  • DETROIT, Aug 12- Heavy rains in southeast Michigan hit the operations of U.S. automakers in the region, including forcing the closure of General Motors Co's technical center outside Detroit. Detroit city officials said Monday night's heavy rainfall was the most rain the city had seen in almost nine decades.

  • DETROIT, Aug 12- Heavy rains in southeast Michigan hit the operations of U.S. automakers in the region, including forcing the closure of General Motors Co's technical center outside Detroit.

  • DETROIT, Aug 12- Chrysler Group LLC on Tuesday announced the establishment of a new office called "vehicle safety and regulatory compliance" led by a veteran company senior vice president, Scott Kunselman.

  • NY judge to encourage settlements of GM lawsuits Monday, 11 Aug 2014 | 7:07 PM ET

    NEW YORK— A federal judge told lawyers on Monday he'll encourage settlements in lawsuits brought on behalf of nearly 1,000 plaintiffs against General Motors for defective ignition switches.

  • Lawyers pitch to lead GM ignition-switch cases Monday, 11 Aug 2014 | 6:52 PM ET

    NEW YORK, Aug 11- Lawyers from across the United States gathered in Manhattan Monday to jockey for leadership roles in litigation against General Motors over a faulty ignition switch that has prompted the recall of millions of vehicles.