GM to rebuild US plant for smallest GM cars yet
GM plans to reopen a shuttered U S factory to build subcompact cars, the smallest GM has produced in the United States, as it shifts from large SUVs toward fuel efficient microcars amid bankruptcy preparations. The move accompanies anticipated factory closures and a Magna stake deal in Opel. a planned Chapter 11 filing looms.
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Chrysler near Fiat sale ruling in bankruptcy case
Closing statements concluded in U S Bankruptcy Court as Chrysler LLC seeks a quick exit via a sale to a Fiat led group. Judge Arthur Gonzalez expected to sign off, though Indiana pension funds may appeal and delay closing before June 15 deadline. If approved, Chrysler could leave Chapter 11 within weeks.
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