GENERAL MOTORS

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GM offers U.S. factory job buyouts

General Motors Co said on Monday it wants to cut as many as several thousand U.S. skilled trades workers through retirement incentives, its first attempt to reduce factory jobs since its 2009 bankruptcy.

US falls way behind China in IPO value

A man walks into the trading hall of the Hong Kong Exchanges and Clearing in front of Christmas lighting in Hong Kong - file photo.
Even as the risk appetite of global investors is picking up steam once again, emerging economies have gone past the U.S. in leading the investment pick-up.
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Flags wave in front of the General Motors Corp world headquarters in downtown in Detroit, May 28, 2009.

General Motors US auto sales up 11.4 pct in Nov

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.
GM Daewoo

GM Daewoo to repay $1 billion debt

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

GM to hire 1,000 engineers in Michigan over two years

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.
GM India post 17.67 percent jump in Nov sales

GM India post 17.67 pct jump in Nov sales

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

Toyota sues GM over plant closure

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.
General Motors India Crosses 100,000 units mark

General Motors India Crosses 100,000 units mark

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.
General Motors

GM to invest $163.2 mln in 3 plants, to protect 184 jobs

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.
Ford

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.
Trader

Stocks soar on GM offering, Irish bailout hopes

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.
A GM sign is seen outside the Medved General Motors car dealership in Arvada, Colorado

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.
General Motors world headquarters is seen in downtown Detroit.

“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
Automobile Magazine names Chevrolet Volt as 2011car

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.
General Motors Vice Chairman Tom Stephens speaks in Baltimore, Maryland

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.

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