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GM Financial Reports June Quarter Operating Results | Dealer ...

FORT WORTH, Texas – GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) announced net income of $136 million for the quarter ended June 30, 2012, compared to $96 million for the ...
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General Motors | Investors - Stockholder Information | GM.com

General Motors | Investors - Stockholder Information | GM.com | General Motors Company | Scoop.it

Stockholder's Information

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GM: Reported Volt losses 'grossly wrong'

GM: Reported Volt losses 'grossly wrong' | General Motors Company | Scoop.it
A report regarding General Motors Co. losing tens of thousands of dollars on each Chevrolet Volt are “grossly wrong,” according to the company. (#News GM: Reported Volt losses 'grossly wrong': A report regarding General Motors Co.
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GM Financial sells $1.3B of bonds backed by auto loans

Auto Lending News Reports: GM Financial Co., the provider of loans to buyers with poor credit acquired by General Motors Co., sold $1.3 billion of bonds backed by vehicle debt as car sales surge. Provided by the following ...
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GM CEO apologizes for stock price

GM CEO apologizes for stock price | General Motors Company | Scoop.it
GM's stock has lost one third of value since November '10 IPO, prompting apology to shareholders at annual meeting despite record '11 profits.
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General Motors needs to dump Opel, Morgan Stanley says - Reuters

General Motors needs to dump Opel, Morgan Stanley says - Reuters | General Motors Company | Scoop.it
The Detroit News (blog)General Motors needs to dump Opel, Morgan Stanley saysReutersDETROIT (Reuters) - The time has come for General Motors Co (GM.N) to cut ties with its money-losing European business, Opel, which has been a drag on the U.S.
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GM Group 2's curator insight, March 31, 2014 7:41 AM

Because of its money-losing European business, GM has to cut ties with Opel.


This operation could cost around 13 billion of dollars to GM.

 "GM has reduced the number of temporary and contract employees in Europe, and is working with the German union IG Metall to cut costs further, including cutting the hours of several thousand workers at two of its plants. The company and union also are in talks for a deal that would give GM wage concessions and the ability to close a plant in 2017."

 

According to an analyst from Morgan Stanley, Adam Jonas, Opel is the "single biggest threat to GM's long-term financial health and sustainability,"

 

The result can hurt the company's reputation and some costly restructurational actions.

 

Thomas