Stocks finished mixed, and traders apparently were unimpressed by some good economic data on factory orders and auto sales, while commodities dropped on likely profit-taking.
The 2008 and 2009 bailout of the U.S. auto industry would not have taken place if Congress had been more specific in how then President George W. Bush could spend the money it gave him, a lawmaker tasked with government oversight said on Sunday.
Does a company like Facebook that manufactures no tangible products and employs only about 2,000 people really be worth as much as $50-billion.
Steven Rattner, former head of the U.S. government's Automotive Task Force, has agreed to pay $10 million in restitution to settle kickback allegations involving the roughly $132.8 billion New York State Common Retirement Fund and resolves the two lawsuits filed by the Attorney General Andrew M. Cuomo.
General Motors India on Monday said its sales grew by 2.54 percent to 8,468 units in December, 2010, from 8,258 units in the same month of the previous year.
A sum up of top events that shaped United States in past decade (2000-2010). Part 2 covers 2004 to 2008 on weapons of mass destruction, Iraq, Bush second term, Hurricane Katrina, Housing bubble burst, and Barack Obama as the first Black president.
Shares of General Motors rose more than 2 percent Tuesday after a slew of analysts advised buying shares of the automaker, which has raised $23 billion recently in the world's largest IPO.
2010 will be remembered as the worst year for automobile industry. A number of leading car makers including Toyota, Honda, GM, BMW, Hyundai, Nissan, Ford, Chevrolet recalled lakhs of vehicles because of various defects and safety problems.
General Motors Co shares rose as much as 3.1 percent and closed 2.1 percent higher on Tuesday after banks resumed coverage of the automaker with high marks for its strong post-bailout balance sheet and its position in emerging markets.
General Motors Co shares rose as much as 2.5 percent in midday trading on Tuesday after banks resumed coverage of the automaker with high marks for its North American sales and position in emerging markets.
Shanghai Automotive Industry Corp, a partner of Volkswagen AG and General Motors, signed a memorandum of understanding with the city government of Nanjing, capital of Jiangsu province, pledging to invest 10 billion yuan (1.5 billion U.S. dollars) for the expanded production.
General Motors on Thursday said it is recalling about 109,000 vehicles due to two concerns that could cause the rear axle to lock and the passenger-side airbag not to work.
General Motors Co is recalling 109,000 Cadillac CTS cars worldwide for the model years 2005 to 2007 because a mat under the seat that senses the front passenger could break and disable the front air bag.
South Korean automakers Hyundai and Kia Motors and German auto mobile giant Volkswagen won more top safety pick awards than any other brands in 2010, the Insurance Institute for Highway Safety said.
General Motors China introduced an electric concept vehicle Sail at the 2010 Guangzhou Auto Show on Tuesday.
Top U.S. automaker General Motors expects exports of its China-made Chevrolet Sail to jump 300 percent or more next year, a senior executive said.
General Motors is recalling 111,136 Chevrolet Equinox, GMC Terrain and Cadillac SRX crossover utility vehicles from the 2011 model year due to seat belt buckle anchors that could fail to perform as designed in a crash.
General Motors has paid $2.1 billion to complete the repurchase of preferred shares issued under a federal government bailout, the U.S. Treasury said on Wednesday. With this the auto maker has brought the total sum recouped by taxpayers to more than 23 billion dollars.
UBS initiated coverage of General Motors with a 'neutral' rating and $37 price target, saying that the automaker has no near-term catalysts to move the stock.
HP has bagged a five-year $1.4 billion technology infrastructure outsourcing deal with German utility giant E.ON.
Registrations of new passenger cars in Europe decreased by 7.1% amounting to 1,069,268 units, the European Automobile Manufacturers Association said Wednesday.
General Motors has announced that 52 percent of its worldwide facilities are now landfill-free, meaning all waste generated from normal operations is reused, recycled or converted to energy.
