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AP Automotive

Contractor plans liens against CityCenter owners
March 12, 2010
LAS VEGAS (AP) -- Casino operator MGM Mirage says the primary contractor for its newly completed joint venture, the $8.5 billion CityCenter complex in Las Vegas, intends to file mechanic's liens t  Read Story.
MGM to leave NJ over questions about Asian partner
March 12, 2010
ATLANTIC CITY, N.J. (AP) -- MGM Mirage said Friday it will sell its 50 percent stake in Atlantic City's top casino and stop doing business in New Jersey rather than cut ties with the family of an   Read Story.
UK gives GM loan guarantee for Vauxhall
March 12, 2010
LONDON (AP) -- Britain will give a 270 million pound ($410 million) loan guarantee to General Motors Co. to help keep its Vauxhall operations going in the country, a government official said Frida  Read Story.
UK gov't gives GM loan guarantee for Vauxhall
March 12, 2010
LONDON (AP) -- The British government says it's giving a 270 million pound ($410 million) loan guarantee to General Motors Co. to help keep its Vauxhall operations going in Britain....  Read Story.
MGM Mirage, NJ agree on sale of half of Borgata
March 12, 2010
ATLANTIC CITY, N.J. (AP) -- MGM Mirage said Friday it will sell its 50 percent interest in Atlantic City's top casino and stop doing business in New Jersey rather than cut ties with the family of   Read Story.
MGM Mirage to sell Atlantic City casino stake
March 12, 2010
LAS VEGAS (AP) -- MGM Mirage will sell its 50 percent stake in an Atlantic City casino under a proposed agreement with New Jersey regulators....  Read Story.
Biographical info about GM Vice Chairman Bob Lutz
March 12, 2010
NAME: Robert A. "Bob" Lutz...  Read Story.
GM's Lutz says hybrids, electrics are future
March 12, 2010
WARREN, Mich. (AP) -- General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in the near future, retiring Vi  Read Story.
GMAC CEO will receive no cash salary for 2010
March 11, 2010
WASHINGTON (AP) -- The CEO of bailed-out auto finance giant GMAC Inc. will receive no cash salary for 2010 and will be compensated in restricted stock, under a deal approved by Obama administratio  Read Story.
Watchdog: GMAC bailout could cost taxpayers $6.3B
March 10, 2010
WASHINGTON (AP) -- A new watchdog report says the Treasury Department sank billions into auto finance giant GMAC without an exit strategy or proof the company was viable - a decision that could co  Read Story.
MGM names Nevada Resort Association exec to board
March 9, 2010
LAS VEGAS (AP) -- Casino company MGM Mirage said Tuesday that the president of tourism lobbying group Nevada Resort Association, Bill Bible, will join the company's board....  Read Story.
GMAC finance chief leaving for private equity job
March 9, 2010
NEW YORK (AP) -- Automotive finance company GMAC Financial Services says its chief financial officer will leave at the end of March....  Read Story.
MGM Mirage to sell $845 million in bonds
March 9, 2010
LAS VEGAS (AP) -- Casino operator MGM Mirage said Tuesday it will sell $845 million in new bonds due in 2020, looking to build a healthier balance sheet amid a gambling industry slump....  Read Story.
Ford launches affordable made-for-India compact
March 9, 2010
MUMBAI, India (AP) -- Ford Motor Co. launched its first made-for-India compact car Tuesday, as the U.S. automaker continues its push into fast-growing Asian markets....  Read Story.
GM to pay Girsky $5M after getting promotion
March 5, 2010
DETROIT (AP) -- General Motors Co. reported Friday that newly promoted Vice Chairman Stephen Girsky is getting $5 million in a package that includes salary and stock....  Read Story.
GM to reinstate 600 dealerships slated to be cut
March 5, 2010
NEW YORK (AP) -- General Motors Co. says it will reinstate about 600 dealerships that were slated to be cut from the automaker's network....  Read Story.
Sigma Designs posts strong sales growth in 4Q
March 3, 2010
NEW YORK (AP) -- Sigma Designs Inc. on Wednesday reported stronger-than-expected fourth-quarter sales growth, lifting shares in late-session trading....  Read Story.
Bob Lutz, GM's 'ultimate car guy,' to retire
March 3, 2010
DETROIT (AP) -- Bob Lutz, the longtime auto industry executive who led nearly a complete overhaul of General Motors' lineup, will retire May 1....  Read Story.
GM's Bob Lutz to retire
March 3, 2010
DETROIT (AP) -- Bob Lutz, the longtime auto industry executive who led a near-complete overhaul of General Motors' lineup, will retire May 1....  Read Story.
GM's China sales up 51 percent in February
March 3, 2010
SHANGHAI (AP) -- General Motors said its February vehicle sales in China rose 51 percent from a year earlier on strong demand for Chevrolet and Cadillac models as well as its popular minivans....  Read Story.


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