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Detroit’s lessons might affect answers on retirement

Labor, anyone? I grew up in Haifa, the Red City of Israel, where there were annual May Day parades with red flags and street dancing, speeches and a day off for all. I loved this carnival, though my parents hated unions and all they represented, especially their political power that could, at the drop of… Continue Reading Detroit’s lessons might affect answers on retirement

General Motors expects to save about $2 billion during the next five years by centralizing most of the global advertising for its Chevrolet brand. The Detroit company said Tuesday that San Francisco-based Goodby, Silverstein and Partners will join with New York-based McCann Erickson Worldwide to form a new company to handle most of Chevy’s ads.… Continue Reading GM to combine Chevy advertising, hopes to save $2B

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Since the dawn of the automobile industry, the relationship between those who make the cars and those who sell them has often been an uneasy one. That holds true for Colorado dealerships, as witnessed by a bit of wrangling this spring over just how much control the manufacturers should have over infrastructure spending by their… Continue Reading Dealership branding: ‘If you want to play, you have to pay’

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General Motors says it sold more cars and trucks in China last year than it did in the U.S. for the first time in its 102-year history. The company sold 2.35 million vehicles in China. That’s about 136,000 more than it sold in the U.S. GM says sales in fast-growing China were up 28 percent,… Continue Reading GM’s China sales pass US for first time in history

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Reasons to sit out GM’s initial stock offering

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General Motors executives are playing up three bright spots in the company’s future as they try to persuade investors to buy GM stock: a better lineup of cars and trucks, potential for global growth and a new cost structure that enables the company to make money even when the economy dips. But the world’s most… Continue Reading Reasons to sit out GM’s initial stock offering

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GM will stop making medium-duty trucks

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DETROIT (AP) – General Motors says it will stop making medium-duty trucks by July 31 because it was unable to find a buyer for the operations. The company said in a statement that it will wind down production of the Chevrolet Kodiak and GMC Topkick trucks after searching for a buyer for four years. Both… Continue Reading GM will stop making medium-duty trucks

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