It’s the first time a woman has ever been named CEO of a car company.
The U.S. government ended up losing $10.5 billion on its bailout of General Motors, but still says the alternative would have been much worse.
“You absolutely can’t smell it,” says company spokeswoman Stephanie Jentgen.
The treasury department still has 31 million shares it needs to sell, and it expects them to be sold by Dec. 31.
General Motors is recalling nearly 60,000 Chevy Malibu midsize cars for two separate issues.
The U.S. government sold another $1.2 billion worth of General Motors stock last month as it moves closer to selling its entire stake in the automaker.
GM earns 698, million, after one time charges. Pre tax earnings jump to $2.6 billion.
General Motors is adding a twist to the fight for supremacy in the red-hot U.S. pickup truck market: It’s raising prices.
The 38-year-old Marion Township man apologized in court “for not doing a good job.”
As GM makes a move to buy shares now owned by a retiree health care trust fund, word comes that the company has regained its investment grade status from a top ratings agency.