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(Reuters) - Tesla Motors Inc may repay its U.S. Department of Energy loan as early as Wednesday, Chief Executive Elon Musk said in a message on Twitter on Monday. Musk, a billionaire who owns 27.5 percent of Tesla, added that the company would move another announcement about its charging station network to next week. `Given govt loan repayment this week (prob Wed), Supercharger update will be next week,` Musk said in his post. A Tesla spokeswoman confirmed that Musk was referring to the full repayment of the DOE loan. Last week, Tesla said it would use $452. ...
Tuesday, May 21, 2013 03:38 |
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By Ben Klayman DETROIT (Reuters) - The launch of General Motors Co`s redesigned Chevrolet Silverado, the most important since the automaker`s bankruptcy and $50 billion taxpayer-funded bailout in 2009, is on track and advertising for its full-size trucks should begin in a few weeks, a top GM executive said on Monday. Mark Reuss, head of GM`s North American operations, said the launch of the 2014 Silverado and GMC Sierra pickups is going `really good` and there had been no hiccups to slow the rollout. ...
Monday, May 20, 2013 19:33 |
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By Nichola Groom LOS ANGELES (Reuters) - In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp. The `California Hydrogen Highway,` Schwarzenegger`s vision to ensure that every Californian would have access to a hydrogen fueling station by the end of 2010, called for the state to spend more than $50 million to help deploy up to 100 hydrogen fuel stations that would serve 2,000 fuel cell vehicles. ...
Monday, May 20, 2013 06:09 |
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It`s hard to tell if Japan`s new experiments in economic policy will work in the long run, but they have already caused world markets to take notice.
Saturday, May 18, 2013 21:28 |
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DETROIT (AP) — Shares of General Motors are trading above $33 for the first time in over two years.
Friday, May 17, 2013 17:12 |
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DETROIT (Reuters) - General Motors Co shares on Friday topped their 2010 initial public offering price, which will help the automaker`s largest shareholder, the U.S. Treasury, pare its losses. GM shares broke above $33.00, the price in the November 2010 IPO, rising as high as $33.21 in morning trading. It is the first time the stock has surpassed $33 since May 2011. So far this year GM`s stock is up 14.5 percent. The run-up in the stock price could help Treasury, which provided GM with a $49.5 billion bailout, trim losses that will likely still total billions of dollars. ...
Friday, May 17, 2013 15:49 |
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The solid pace of growth served as early validation for Prime Minister Shinzo Abe`s “three-arrowed” approach to the economy.
Thursday, May 16, 2013 13:21 |
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FRANKFURT (Reuters) - General Motors` loss-making European brand Opel will move production of the multi-purpose vehicle Zafira to Ruesselsheim in Germany, shoring up its headquarters as it prepares to close another German site. `This will make Ruesselsheim the site to exclusively build the two largest and most work-intensive Opel model classes - the Opel flagship Insignia in all its versions and the Zafira Tourer,` Opel said on Wednesday. As part of a turnaround plan, Opel will end production of the Zafira at its 50-year old Bochum plant by the end of next year. ...
Wednesday, May 15, 2013 12:05 |
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CONCORD, N.C. (AP) — Jimmie Johnson became the first four-time winner of NASCAR`s annual All-Star race Saturday night at Charlotte Motor Speedway.
Sunday, May 19, 2013 05:03 |
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PARIS (Reuters) - Toyota Motor Corp has begun exporting French-made Yaris compact cars to customers in North America for the first time this month. Toyota said it planned to export around 25,000 gasoline versions of the Yaris built at the northern French town of Onnaing, near Valenciennes, to the United States, Canada and Puerto Rico annually. ...
Thursday, May 16, 2013 18:44 |
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