General Motors Co (GM.N)
6 Dec 2013
|Market Cap (Mil.):||$55,795.07|
|Shares Outstanding (Mil.):||1,388.97|
* GM drops Chevrolet brand in Europe; to hit S.Korean production
* Announcement due this week but deferred to February 2014 - ABC
SYDNEY, Dec 6 - General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.
* GM to focus resources on expanding Opel/Vauxhall brands
DETROIT, Dec 5 - General Motors Co Vice Chairman Steve Girsky in telephone interview: * Vice chairman Girsky says chevrolet's business results in Europe were
FRANKFURT - General Motors will drop the Chevrolet brand in Europe by end 2015, and focus its resources on pushing its Opel and Vauxhall brands, the latest effort by the U.S. carmaker to turn around its European operations.
(Corrects net special charges range in seventh paragraph to $700 mln-$1 bln from $750 mln-$1 bln)
FRANKFURT, Dec 5 - General Motors' Opel said it would make a corporate announcement on Thursday and invited journalists to a call from 0730 GMT with Stephen Girsky, GM's Vice Chairman and Opel's supervisory board chairman. (Reporting by Christoph Steitz; Editing by Harro ten Wolde)
SEOUL, Dec 5 - General Motors Co is likely to cut the number of cars it makes in South Korea by nearly 20 percent in 2015 compared with 2013, said industry researcher IHS Automotive.
- Hedge fund Hayman Capital has taken a stake in General Motors Co and believes the U.S. automaker's stock could rise more than 40 percent over the next 12-18 months after the U.S. Treasury sells its stake in the company, a source familiar with investment said on Wednesday.
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