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BUSINESS
September 6, 1999 | From Bloomberg News
General Motors and DaimlerChrysler offered the United Auto Workers unprecedented lifetime employment guarantees as the companies vie for leadership in industry-contract talks, union officials said. GM, the world's largest auto maker, also offered to hire "significant" numbers of new workers in coming years and consider building new vehicle models in UAW factories, according to a contract proposed Thursday obtained by Bloomberg News.
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BUSINESS
January 15, 1992 | From Times Wire Services
General Motor Corp. officials Tuesday confirmed published reports that a recall of 1.5 million 1986-87 model cars to repair faulty V6 engines has been under way for more than six weeks. The affected cars include several compact, mid-size and large Buick, Oldsmobile and Pontiac models. GM spokesman Steve Gaut said some of the cars' 3.0- or 3.8-liter engines could stall while starting or driving at normal speeds because of improper calibration of engine control components.
BUSINESS
October 6, 1998 | Reuters
General Motors Corp. said its car and truck sales fell in September as it tried to recover from the summer's prolonged strikes, while Ford Motor Co. reported higher sales for the month. GM, the world's largest auto maker, said sales of cars and light trucks fell 3.2% last month, to 391,118 units from 404,133 in September 1997. Total vehicle sales, including heavy trucks, fell 3.1%. Ford, the No. 2 U.S. auto maker, said car and light-truck sales rose 4.
BUSINESS
October 1, 1994 | MICHAEL PARRISH, TIMES STAFF WRITER
Since July, ordinary drivers in Southern California have been commuting to work in cars powered by sophisticated battery-powered systems--and by all reports they like what they are driving. Less clear is whether they would be willing to pay as much as $25,000 for an electric car whose range is so limited that it is likely to be used only for driving around town or commuting. Still, more than three months into General Motor Corp.'
BUSINESS
October 6, 1998 | Reuters
General Motors Corp. said its car and truck sales fell in September as it tried to recover from the summer's prolonged strikes, while Ford Motor Co. reported higher sales for the month. GM, the world's largest auto maker, said sales of cars and light trucks fell 3.2% last month, to 391,118 units from 404,133 in September 1997. Total vehicle sales, including heavy trucks, fell 3.1%. Ford, the No. 2 U.S. auto maker, said car and light-truck sales rose 4.
BUSINESS
March 17, 1998 | JAMES F. PELTZ
The Big 3 appear in danger of losing their Big Mo'. Stocks of the three major U.S. auto makers have surged in recent weeks, making them one of the market's strongest sectors so far this year. But judging by Wall Street's decidedly neutral stance toward the companies, investors might soon hit the brakes on the stocks' momentum.
BUSINESS
June 15, 1987 | JAMES RISEN, Times Staff Writer
They were supposed to reflect the change in thinking at General Motors. The new Chevrolet Corsica and Beretta mid-size models were meant to symbolize a fresh start, a new willingness by GM to lay aside its cookie-cutter and try a non-traditional approach to car design.
BUSINESS
September 13, 1993 | From Associated Press
Negotiators for the United Auto Workers and Ford Motor Co. worked over the weekend to iron out differences over health care and pay scales, seeking a new contract agreement with two days left on the existing pact. The current three-year contract expires at midnight Tuesday. A new deal, covering 97,000 Ford workers, would set a pattern for union talks with General Motors Corp. and Chrysler Corp. Both Ford and the UAW expressed optimism Sunday that an agreement could be reached without a strike.
BUSINESS
September 6, 1999 | From Bloomberg News
General Motors and DaimlerChrysler offered the United Auto Workers unprecedented lifetime employment guarantees as the companies vie for leadership in industry-contract talks, union officials said. GM, the world's largest auto maker, also offered to hire "significant" numbers of new workers in coming years and consider building new vehicle models in UAW factories, according to a contract proposed Thursday obtained by Bloomberg News.
BUSINESS
March 17, 1998 | JAMES F. PELTZ
The Big 3 appear in danger of losing their Big Mo'. Stocks of the three major U.S. auto makers have surged in recent weeks, making them one of the market's strongest sectors so far this year. But judging by Wall Street's decidedly neutral stance toward the companies, investors might soon hit the brakes on the stocks' momentum.
BUSINESS
October 1, 1994 | MICHAEL PARRISH, TIMES STAFF WRITER
Since July, ordinary drivers in Southern California have been commuting to work in cars powered by sophisticated battery-powered systems--and by all reports they like what they are driving. Less clear is whether they would be willing to pay as much as $25,000 for an electric car whose range is so limited that it is likely to be used only for driving around town or commuting. Still, more than three months into General Motor Corp.'
BUSINESS
September 13, 1993 | From Associated Press
Negotiators for the United Auto Workers and Ford Motor Co. worked over the weekend to iron out differences over health care and pay scales, seeking a new contract agreement with two days left on the existing pact. The current three-year contract expires at midnight Tuesday. A new deal, covering 97,000 Ford workers, would set a pattern for union talks with General Motors Corp. and Chrysler Corp. Both Ford and the UAW expressed optimism Sunday that an agreement could be reached without a strike.
BUSINESS
January 15, 1992 | From Times Wire Services
General Motor Corp. officials Tuesday confirmed published reports that a recall of 1.5 million 1986-87 model cars to repair faulty V6 engines has been under way for more than six weeks. The affected cars include several compact, mid-size and large Buick, Oldsmobile and Pontiac models. GM spokesman Steve Gaut said some of the cars' 3.0- or 3.8-liter engines could stall while starting or driving at normal speeds because of improper calibration of engine control components.
BUSINESS
June 15, 1987 | JAMES RISEN, Times Staff Writer
They were supposed to reflect the change in thinking at General Motors. The new Chevrolet Corsica and Beretta mid-size models were meant to symbolize a fresh start, a new willingness by GM to lay aside its cookie-cutter and try a non-traditional approach to car design.
BUSINESS
June 6, 1990 | From Times Wire Services
Japan's Hitachi Ltd. today unveiled a new computer that is faster than IBM's biggest mainframes, although analysts say the Japanese company probably will not sell enough of the new units to challenge the U.S. giant's lead. Hitachi Data Systems, owned 80% by Hitachi Ltd. and 20% by General Motor Corp's Electronic Data Systems Inc., introduced, as expected, three new models of its HDS EX Series mainframe computers.
BUSINESS
January 15, 2005 | From Reuters
Standard & Poor's affirmed General Motor Corp.'s debt rating, but the rating firm said it was considering changing GM's outlook, in what could be a preliminary step toward cutting the world's largest automaker's rating to junk status. The move came a day after GM said it expected earnings to fall this year as healthcare costs rise and interest rates crimp profit at its financial arm, General Motors Acceptance Corp. GM, which had about $291 billion of debt outstanding as of Sept.
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