General Motors on Wednesday said its US auto sales in November rose 11.4 percent over last year led by a balanced contributions from Chevrolet, Buick, GMC and Cadillac cars, crossovers and trucks.
General Motors' South Korean unit, GM Daewoo Auto & Technology on Wednesday announced it will repay its $1 billion loan from the Korea Development Bank, ending its row with the creditor over the issue of extending the loan's maturity.
General Motors will add 1,000 engineers and researchers in Michigan over the next two years to significantly expand its vehicle electrification expertise and lead in the development of electric vehicles from hybrids to electric vehicles.
General Motors India on Wednesday said its sales climbed 17.67 per cent to 8,376 units in November this year compared to 7,118 units during the same month year ago.
Toyota Motors has filed a law suit for damages against General Motors Co.'s against bankruptcy estate over the closure of their joint manufacturing plant in California.
Toyota Motor Corp. is negotiating a deal to license its expertise in hybrid vehicles and to supply car parts to its Chinese partner, FAW Group Corp by 2012.
General Motors India said announced it has crossed 100,000 unit of sales in Indian market and this is the first time it has crossed this mark in a calendar year since its inception in India.
Ford Motors, the second-biggest U.S. automaker, opened 40 dealerships in China on Thursday and plans to add another 26 by year's end.
General Motors has said that it would invest $163.2 million in its operations in Flint and Bay City, Michigan and Defiance, Ohio. This investment is to support engine production for the Chevrolet Volt, Chevrolet Cruze and a new small car, which will be built in the United States.
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 prince Alwaleed bin Talal al-Saud, has invested $500 million in General Motors' initial public offering.
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.
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.
Futures on the S&P 500 lost 3.70 points to 1,194.00, futures on the Dow Jones Industrial Average are down 31.00 points to 11,145.00 and Nasdaq100 futures are down 5.00 points to 2,129.25.
Jim Cramer said investors should purchase newly-privatized General Motors (NYSE:GM) shares because it's a good idea to buy from the federal government whenever it has a privatization up its sleeve.
Stocks surged, buoyed by the successful huge initial public offering of General Motors (NYSE: GM), reports that the Republic of Ireland will receive a bailout to solve its troubled banking system and better-than-expected manufacturing activity data.
The U.S. government may take a loss on its $49.9 billion investment in the company if the share price remains at its $33.
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.
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 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.
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.
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.