general motors corp News

general motors corp News From AOL

THE HUFFINGTON POST

General Motors Oshawa Plant Closure: Jobs On The Line, As Youth Brace For Impact

A decision by General Motors to close an assembly plant in Oshawa, Ont., has left young workers bracing for the brunt of the impact, and panicked about their prospects in a community still reeling from recession.

AOL MONEY & FINANCE

GM to buy out white-collar pensions

DETROIT -General Motors is changing the way it pays monthly benefits to white-collar retirees, cutting its U.S. pension obligation by $26 billion.

AUTOBLOGGREEN

Chevy Volt sales climb to 1,680 in May; Nissan Leaf rebounds to 510

General Motors Co. (NYSE: GM) today reported May sales of 245,256 vehicles in the United States, up 11 percent year over year and the highest monthly total since August 2009 when dealers delivered 246,479 units.

THE HUFFINGTON POST - BUSINESS

Old Cars, New Sales: Americans Finally Buying, Chrysler Sales Up 30 Percent

Chrysler's U.S. sales jumped 30 percent last month, a sign that Americans remain determined to replace their aging cars despite the falling stock market and shaky consumer confidence.

THE HUFFINGTON POST - TECHNOLOGY

'DO NOT POST': Major Companies' Social Media Policies Deemed Unlawful

In an effort to control employees' activities on Facebook and Twitter, some U.S. companies have instituted social media policies that run afoul of labor law and infringe on workers' rights, according to a memo issued Wednesday by the general counsel of the National Labor Relations Board.

general motors corp News From the Web

06/02/12 Car makers report another strong month in May Source: Cape Cod Times - Hyannis MA The auto industry's recovery maintained a steady pace in May as Chrysler reported a 30 percent gain in new-vehicle sales, Ford said its sales climbed 13 percent and General Motors reported an 11 percent increase.
06/02/12 GM offers lump-sum buyout of pensions - The Detroit... Source: Stockwatch - Cyprus General Motors Co. said Friday it will offer lump-sum pension buyouts to about 42,000 salaried retirees and offload its salaried retiree pensions to Prudential Insurance Co. of America â moves that will reduce its pension liability by $26 billion.
06/02/12 May auto sales could cool off - The Detroit News Source: Stockwatch - Cyprus Auto sales, which surged in May, are expected to slow this summer, hampered by mixed economic signals in the U.S. and abroad.
06/02/12 Korean, Japanese automakers post solid May sales Source: The Straits Times - Singapore Automakers in Japan and South Korea continued to post solid gains in sales in May with Hyundai Motor and Kia Motors benefiting from the sustained recovery of the United States (US) market while Japanese domestic sales were supported by government incentives for fuel-efficient models.
06/02/12 Ford Canada claims top spot for May vehicle sales Source: The Straits Times - Singapore New auto sales at both Ford Motor of Canada and Chrysler Canada accelerated in May, the companies said on Friday, boosted by demand for fuel-efficient vehicles and trucks.

Background on general motors corp

General Motors Company (, ), commonly known as GM, formerly incorporated (until 2009) as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's largest automaker, by vehicle unit sales, in 2011.

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