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GM to buy back 200M shares held by US Treasury for $5.5B

Green Car Congress

General Motors today will purchase 200 million shares of GM common stock held by the US Department of the Treasury for $5.5 The share buyback is part of the Treasury’s plan, also announced today, to fully exit its entire holdings of GM stock within 12 to 15 months, subject to market conditions. billion, or $27.50

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GM Shows Picture of New Chevrolet Agile for Mercosur Market

Green Car Congress

General Motors provided an image of the new Chevrolet Agile, a small car designed in Brazil and due to launch in that market in October. The Agile is the first model of the Viva family; Project Viva represents a US$400 million investment by GM un Brazil and Argentina. GM began doing business in Brazil in 1925.

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Bring Back the EV1 Press Conference

Revenge of the Electric Car

Friday November 14th, 2008 - GM Training Center - Burbank, CA. City Council Member, held a press conference demanding General Motors apologize to the American people for destroying the automaker’s EV1 plug-in electric vehicle. It’s a dishonest act on the part of General Motors.” said Holden.

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EcoMotors Names Donald Runkle CEO; Power Density as the Holy Grail

Green Car Congress

EcoMotors International, a Khosla-funded startup working to commercialize a diesel opoc (opposed-piston, opposed-cylinder) engine ( earlier post ), has named auto industry veteran Donald Runkle as its new CEO. EcoMotors was founded in 2008 by Prof.

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Fitch Ratings: US automakers well positioned for weak demand in 2012; estimates break-even for Detroit 3 at 10.5M units

Green Car Congress

With a few exceptions, General Motors Company (GM), Ford Motor Company (Ford), and Chrysler Group LLC (Chrysler) have focused mainly on refining existing vehicles in 2012, rather than introducing new models or new versions of existing models. —“2012 Outlook: US Auto Manufacturers and Suppliers”.

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GM, Segway to Make Vehicle - WSJ.com

Tony Karrer Delicious EVdriven

Order a reprint of this article now APRIL 7, 2009 GM, Segway to Make Vehicle Article Video Comments more in Auto Industry News » Email Printer Friendly Share: Yahoo Buzz facebook MySpace LinkedIn Digg del.icio.us NewsVine StumbleUpon Mixx Text Size By SHARON TERLEP General Motors Corp.

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Sales of hybrid cars increase in US

Green Cars News

After months of doom and gloom for the auto industry in the USA, there is finally a ray of hope courtesy of hybrid cars. This meant that a total of 26,205 hybrid units were sold - some three per cent of all new vehicles, the highest monthly new vehicle share since April 2008. Reported sales of hybrids in the US increased by 5.2

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