Companies looking to follow the GM model will have to fund the plan as well as contribute an additional 15% of their assets as premium to the insurance company chosen to cover the pension.
Buick is mostly in business because of China, the leading buy of that GM model, and the No. 2 economy has long beat the U.S. as the global auto market to be in.
Since the government was a majority stakeholder in GM at the time, the Chevy Volt became a model to be emulated.
The automaker has only 6 models in the country currently (compared to GM?s 30) but is adding a seventh model, the Kuga compact SUV by the end of the year.
The issue that GM, the Washington Post, Forbes and all media companies using the traditional advertising model need to face is not whether Facebook is a media company so much as whether or not advertising techniques have fallen behind these digital times.
In 2009, GM recalled about 8, 000 Pontiac G6 midsize cars from the 2005 model year for the same problem.
Thanks to the success of its "Employee Pricing for Everyone" deal in June and July, GM has successfully cleared out much of its 2005 inventory so it can begin the new model year with a clean slate.
Consumers have already responded to the Administration's fuel efficiency standards for Model Years 2011 through 2016, and it shows in the popularity of cars like GM's Chevy Cruze and trucks like the Ford F-150 equipped with an EcoBoost engine instead of the conventional V-8.
On Apr. 20 General Motors (nyse: GM - news - people )' Rick Wagoner unveiled a new Buick model at the Shanghai Auto Show, at an event Carlson ran.
Similarly, GM will unveil the new Chevrolet Spark EV at the Los Angeles Auto Show later this month, and the model will hit the showrooms in early 2013.
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Facing competition from BMW, Audi and Mercedes in the premium small-car market, Saab Chief Executive Peter Augustsson needed a new model and turned to another GM partner, Fuji Heavy Industries, maker of Subaru four-wheel-drive cars. (GMowns a 20% stake in Fuji.) After months of discussions, nudged along by Lutz, the collaboration resulted in the Saab 9-2X, a sporty, high-performance wagon based on the underpinnings of Subaru's Impreza compact and its high-performance cousin, the WRX.
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