GENERAL MOTORS

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GM sets pricing on $5 billion credit facility

General Motors Co will pay a spread of 400 basis points over the London Interbank Offered Rate, or LIBOR, if it draws on its $5 billion revolving credit facility in the first three months

Car markers hail Russian market revival

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Russia's car market is emerging fast from the crisis as cheap loans return and consumer confidence grows, leading auto makers said on Wednesday as they delivered upbeat forecast for sales growth this year.
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Funds may rebalance auto stocks on GM IPO: Ford

Mutual funds and other large stockholders may rebalance auto sector holdings after General Motors Co's initial public offering, but day-to-day stock prices are not the main measure of Ford Motor Co's turnaround
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GM to be dual-listed: source

General Motors Co will list its shares on the New York Stock Exchange and Toronto Stock Exchange after its initial public offering, a source familiar with the matter said on Wednesday.
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GM mulls cornerstone sales in IPO -sources

General Motors Co is considering selling a chunk of the carmaker's stock to institutions who would commit to buy and hold major stakes as the company prepares for its initial public offering, people familiar with the discussions said on Monday.
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GM IPO filing expected on Tues

General Motors Co has completed the paperwork for an initial public offering, and timing of its filing with the U.S. securities regulators rests with the board of the top U.S. automaker, sources familiar with the process said on Monday.
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GM IPO expected by Tuesday: source

General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker, a source familiar with the situation said on Monday.
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GM completes IPO paperwork, filing expected by Tues: source

General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker, a source familiar with the situation said on Monday.
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GM CEO Whitacre step downs

General Motors Chief Executive Ed Whitacre announced on Thursday that he would step down as CEO effective September 1 and would be replaced by Dan Akerson, a GM board member.
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GM CEO steps down as profit revs up IPO engine

General Motors Co posted its biggest quarterly profit in six years on Thursday and CEO Ed Whitacre stepped aside on the cusp of an IPO expected to allow the U.S. government to relinquish its majority stake.
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GM posts largest quarterly profit since 2004

General Motors posted its biggest quarterly profit in six years on Thursday, a day ahead of an expected IPO filing that will clear the way for the U.S. government to relinquish its majority stake in the top U.S. automaker.
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GM ties up $5 billion bank deal, IPO filing Friday: sources

General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from a landmark bankruptcy.
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GM credit facility complete, IPO filing Friday

Automaker General Motors Co has finalized its $5 billion credit facility and plans to file for its initial public offering on Friday, according to sources familiar with the situation.
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China July auto sales slow; India at record high

Car sales in China rose at their slowest in 15 months in July as the world's largest auto market cooled further after a roaring 2009, but Indian sales hit a record high thanks to sound economic prospects and new models.
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General Motors to ramp up ad spending: report

General Motors Co is increasing its advertisement spending to the levels seen prior to its bankruptcy filing, Joel Ewanick, the car maker's marketing chief, told the Wall Street Journal in an interview.
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Obama unveils Ford loan guarantees to boost exports

President Barack Obama lambasted Republicans on Thursday for opposing his auto company bailouts and unveiled a new loan guarantee for Ford Motor Co to help meet his goal of doubling U.S. exports over five years.
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Ex-Im Bank unveils Ford loan guarantee

The U.S. Export-Import Bank said on Thursday it approved a loan guarantee for Ford Motor Co to finance $3.1 billion in exports of cars and trucks to customers in Canada and Mexico.

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