DAILY: GM sheds some 'Government Motors' stigma with $5.5 billion stock purchase | GM cuts Sonic, Verano output to trim stockpiles | JCI plans 10 new auto seating plants in China

DAILY NEWSLETTER December 19, 2012

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GM sheds some 'Government Motors' stigma with $5.5 billion stock purchase U.S. Treasury plans full exit within 15 months General Motors took a big step toward shedding its “Government Motors” stigma today by disclosing plans to buy 200 million GM shares from the U.S. Treasury for $5.5 billion. ... >> story  Published: Dec 19 8:06 am U.S. Eastern time / UPDATED: 12/19/12 4:15 pm ET - adds detail, stock closing Advertisement Personalized service is key for Exeter Finance Corp. Dealers don't know what they're missing in premier service until they try Exeter Finance Corp. This national subprime auto lender offers local decision makers, flexible financing options and quick funding that keep dealers coming back for more. Click or call 855.4.EXETER today. GM cuts Sonic, Verano output to trim stockpiles GM has temporarily idled the Michigan plant that makes the Chevrolet Sonic and Buick Verano, one of several factories where shifts have been canceled as the company works to reduce high inventories. ... >> story  Published: Dec 19 1:50 pm U.S. Eastern time / UPDATED: 12/19/12 4:16 p.m. ET Johnson Controls to build 10 more seating plants in China Johnson Controls plans to build 10 more auto seating plants in China over the next five years as part of a long-term strategy that calls for continued growth in China and slow expansion in the North American market to offset expected slowdowns in Europe. ... >> story  Published: Dec 19 11:08 am U.S. Eastern time

Subscribe to Automotive News today! You are receiving the free registrant version of our newsletter. If you would like a more comprehensive version, purchase a subscription to Automotive News. If you are already a subscriber, please contact subs@crain.com to get the full version of our newsletter.  MORE HEADLINES GM plans to move new Camaro production from Canada to Mich.   Chrysler wins tax break for possible Indiana transmission plant   Ally pays off remaining debt issued under FDIC program   Toyota's N.A. technical center promotes 2 executives   Carlyle sells Metaldyne for $820 million   Hyundai recalls 2012 Veloster on potential of shattering sunroof   Tesla names new Daimler exec to board   Ex-Porsche CEO Wiedeking charged over failed Volkswagen bid   Analysts, investors, others react to GM's move to purchase shares held by U.S.   Canada: No plans to sell GM stake now     Jim Henry is a special correspondent for Automotive News Keep deals square at tax refund time Add the start of tax season to those holiday milestones that seem to get earlier every year, like Christmas decorations right after Halloween. ...  Read the blog  Published: Dec 19 12:01 am U.S. Eastern time Greg Migliore is news editor at Autoweek, an affiliate of Automotive News. GM seeks credibility and closure Credibility. It's a precious commodity in the car business, something that's hard fought, easily lost and takes years to rebuild. And General Motors has just earned back a little bit more of its historic standing. ...  Read the blog  Published: Dec 19 2:28 pm U.S. Eastern time

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