General Motors returned to Wall Street to the cheers of traders and the loud growl of a Camaro’s engine. Back home in Michigan they celebrated, too, but the cheer was tinged with regret for what […]
President Barack Obama on Thursday welcomed the return of a rejuvenated General Motors to the U.S. stock market, saying some of the “tough decisions that we made” during the financial crisis were beginning to pay […]
General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy and was rescued with a $50 billion infusion from taxpayers. The stock rose […]
General Motors says its common stock will sell for $33 per share when its initial public offering takes place Thursday. The IPO brings the U.S. government closer to getting back part of the $50 billion […]
General Motors is confirming reports that it will increase the number of common shares to be sold in its Initial Public Offering.
General Motors says it is raising the price range for its initial public offering of common stock to $32 to $33 per share. The new price range is about 14 percent higher than originally expected.
SAIC Motor Corp., China’s largest automaker and a joint-venture partner with General Motors, is preparing to buy about $500 million worth of stock in the Detroit automaker, according to a newspaper website.
Ralph Nader and consumer groups want the Obama administration to suspend General Motors’ initial public stock offering, saying taxpayers could lose billions of dollars in the deal.
While GM has captured many of the headlines for it’s IPO, there’s also big news from Ford Motor Company. Ford’s stock is strong, and getting stronger.
General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company’s chief financial officer said Thursday in a video presentation that was posted online.