Newly public GM's executives buy stock at initial price
Ten General Motors executives bought shares at the initial offering price, documents filed with the U.S. Securities and Exchange Commission revealed on Wednesday.
Saudi tycoon Alwaleed buys one percent stake in GM
Saudi tycoon prince Alwaleed bin Talal al-Saud, has invested $500 million in General Motors' initial public offering.
Despite the hype surrounding GM, Ford is the better buy: Analyst
Despite the hugely successful initial public offering General Motors (NYSE: GM) underwent last week, the company still has numerous questions surrounding it, particularly its huge pension liabilities. As such, David Silver, an equity research analyst at Wall Street Strategies in New York, believes that Ford Motor Co. (NYSE: F) is the better auto company and more attractive stock right now.
Chevrolet to invest $40 million in clean energy projects
General Motors-owned Chevrolet, will invest $40 million in various clean energy projects throughout America with a goal to reduce 8 million metric tons of carbon dioxide emissions.
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GM shares soar after landmark IPO
Shares of automaker General Motors opened at $35 in its first trading day on the NYSE after recovering from a government funded bailout. The opening price was an increase of 2 percent from its IPO price of $33.
“New” GM shares up almost 9% in early trading
Shares of auto giant General Motors (NYSE: GM) are up almost 9 percent in early trading after yesterday’s blockbuster initial public offering that was estimated to have 30 percent greater demand than initially expected. The offering is the biggest in U.S. history
GM Back On Road with Blockbuster IPO; But Is That Enough?
GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.
Chevrolet Volt named Automobile of the Year
The Chevrolet Volt electric car is the Automobile Magazine's 2011 Automobile of the Year. The award will be presented to Joel Ewanick, GM U.S. Marketing Vice President, on Wednesday at the Los Angeles International Auto Show.
GM's IPO could be the world's largest
General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.
US stocks fluctuate in early trade
S&P 500 Index edged up 0.68 points, or 0.06 percent, to trade at 1,179.73 at 09:53 a.m. EDT. The Dow Jones Industrial Average fell 8.47 points, or 0.08 percent, to trade at 11,015.03. The Nasdaq Composite Index gained 0.24 percent.
US stock futures extend modest gains
Futures on the S&P 500 gained 3.50 points, futures on the Dow Jones Industrial Average are up 23 points and Nasdaq100 futures are up 7 points.
US stocks fall on overseas concerns, economic data
S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.
US stock futures fall on foreign worries; PPI below expectations
Futures on the S&P 500 are down 0.49 percent, futures on the Dow Jones Industrial Average lost 0.55 percent and Nasdaq100 futures are down 0.73 percent.
Some ask why financial firms get the love
Rebalancing will also mean moving focus from the financial sector.
GM, Chrysler reorganizations undermined legal principles: Experts
Two University of Illinois experts in bankruptcy law are saying that the legal principles applied in the bankruptcy reorganizations of GM and Chrysler were misguided, and have ultimately undermined the distributional norms of bankruptcy reorganizations.
GE to buy 25,000 electric vehicles by 2015
General Electric Co will buy 25,000 electric vehicles by 2015 for its own fleet and through its Capital Fleet Services business.
GM, Chrysler recalling 30,000 vehicles in US
General Motors is recalling 14,245 Cadillac DTS and Buick Lucerne cars with V8 engines from the 2010 and 2011 model year to address potential problems with the power steering, while Chrysler is recalling 16,229 Jeep Liberty models over faulty windshield wipers.
GM posts gain amid still-slow auto market
General Motors Co posted an annual sales gain of 10.5 percent in September amid evidence that the U.S. auto market remained stuck in a slow-moving recovery at the start of the fourth quarter.
Opel CEO says deferred costs help in 2010
General Motors' European arm Opel sees a chance it may return to profitability next year, excluding restructuring charges, and now expects a smaller 2010 loss, the unit's chief executive said.
September auto sales seen up modestly
September auto sales are on track to top August levels by a small margin after a boost from end-summer sales events even as economic uncertainty crimps a fuller recovery for the industry.
Buffett discussed BYD stake hike: report
Chinese car and battery maker BYD Co Ltd has discussed the possibility of billionaire investor Warren Buffett raising his 10 percent stake, local media reported on Wednesday, boosting its shares.
Saab owner Spyker in talks with BMW, Spyker shares up
Saab owner and luxury car maker Spyker is in talks with German peer BMW about parts and technology in a move that could help it reach a goal of trebling sales volumes.
Treasury may be only seller in GM IPO: sources
The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares
Volkswagen builds new engine plant in Mexico
Volkswagen AG will invest $550 million in developing a new engine facility in Mexico to supply parts to two of its North American plants, the German automaker said on Wednesday.
SAIC approached GM about IPO stake: sources
China's top automaker SAIC Motor Corp has reached out to General Motors Co GM.UL to explore the prospect of taking a stake in the automaker when it goes public this fall, four people with knowledge of the matter said.
UAW aims to share in auto turnaround profit
The United Auto Workers union will aim to ensure that its members share in General Motors GM.UL, Ford Motor Co (F.N) and Chrysler profits in contract talks next year, President Bob King said on Monday.
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