41 Articles
Frustrated GM investors ask what more Mary Barra can do

Some want sedans gone like Ford — and want the CEO gone, too

Some want sedans gone like Ford — and want the CEO gone, too.

Tesla has NOT surpassed GM as most valuable automaker, at least not yet

As stock price rises, its market capitalization approaches that of GM.

April 4 (Reuters) - Tesla Inc, whose market capitalization passed that of Ford Motor Co. on Monday, still trailed General Motors Co as the most valuable U.S. auto firm in trading. Tesla traded at $301.74 midday and had a market capitalization of $49.1 billion, according to Thomson Reuters data, compared with $51.1 billion for GM. Several news organizations reported incorrectly that Tesla had surpassed GM. In trading Wednesday morning, Tesla's stock price was up to $303.70

Official
GM plans on making more money in 2016

GM has revised its earning forecast for 2016 upward in part because the company expects success from upcoming product launches.

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Canadian government sells final $2.7B GM shares

The government bailout of General Motors is over. The Canadian finance minister has announced plans to sell the country's final 73.4 million shares of GM to Goldman Sachs.

Official
US government sells off last remaining shares in GM

According to a report from CNBC, the US government has sold off the last of its

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Treasury sells almost 1/3 of remaining GM stock

When we last checked the status of the federal government's stake in General Motors in September, it owned about 7.3 percent - roughly 101-million shares worth about $3.7 billion - of the automaker. In October, the Fed sold almost a third of its remaining stake, or 29- to 30-million shares valued at about $1.2 billion, Damon Lowney

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Treasury sells more GM stock, stake now at 7.3%

The US Treasury's sale of General Motors stock continues, with the unloading of more than 110 million shares between May 9 and September 13 netting the government agency $3.82 billion and reducing its stake in GM to 7.3 percent, Reuters reports. The Treasury also confirmed that it now holds 101-million shares, which are on track to

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US Treasury sells $877 million in GM stock

The United States Treasury has shuffled another 135 to 137 million shares of General Motors stock as it continues its exit from the Detroit-based manufacturer. According to The Detroit News, the July sale netted the government $876.9 million, which was valued between $34 and $37 per share.

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Canada getting ready to sell GM stake

Canada's federal government and the government of the province of Ontario have started searching for an investment bank to sell the rest of their combined 140 million shares in General Motors, according to an unidentified source, Bloomberg reports. That represents a 10-percent stake up for sale. The news doesn't come as a surprise bec

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Treasury needs GM stock to be worth $95.51 to break even

Special Inspector General Christy Romero has delivered another report to Congress on the state of the Troubled Asset Relief Program (TARP) up to June 6 of this year, assessing numbers to the US Treasury's remaining stake in General Motors. After stock sales in February and another Jonathon Ramsey

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Treasury poised to sell off 30 million more GM shares

The next step in the US Treasury's efforts to eliminate its financial interests in General Motors will involve the sale of 30 million shares of the automaker's stock. The government's move to divest itself of GM is all part of a larger plan to sell the remaining 300 million shares of stock it received in compensation for the 2009 bailout of the then-failing automaker. The US Treasury

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GM stock prices finally eclipse $33 IPO price

General Motors has reached an important milestone this morning: the price for one share of the company has climbed to over $33. That's higher than the Initial Public Offering price from 2010. At roughly 12:15PM Eastern today, GM shares were up $0.97 on the day, some 2.99 percent, for a total of $33.36. The Detroit Free Press

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Treasury to begin selling off more GM stock

Reuters reports that earlier this week the US Treasury announced the sale of another tranche of General Motors stock. It didn't say how many of the 241.7 million shares it holds in the automaker it would sell, nor exactly when – the discretion apparently intended to keep hedge funds from profiting from the situation. The government's ownership is broken down into common and diluted

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US Treasury signals it will sell off remaining GM shares

True to its word, the US Treasury Department has taken steps today to rid itself of its remaining 300-million shares of General Motors stock. The Treasury has engaged both JP Morgan and Citigroup Global Markets to handle the sale of the remaining shares, reports the Detroit Free Press.

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Stock buyback gives GM execs permission to use corporate jets again

General Motors executives are once again certified members of the jet set. As you may recall, one of the concessions made by automakers in accepting government assistance back in 2009 was a requirement to discontinue the use of private jets

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Feds expect greater loss on auto bailout

The saga of the U.S. Treasury's involvement with General Motors has become the theater of call and response: the call is Treasury announcing how much it stands to lose on its bailout of GM, the response is a turgid chorus of "Government Motors!" and "They should have died!" peppered with a few defenders trying to make themselves heard. Well, here we go again, since the latest Treasury report filed state

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CEO Akerson buys over $500K in GM stock

You have to feel for Dan Akerson. Not only is the guy stuck parking his Chevrolet Volt at the country club next to all those 500-plus-horsepower tarmac terrors from Audi, BMW and Jeff Sabatini

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Treasury has no plans to sell remaining GM stock quite yet

General Motors stock has been languishing for months, failing to climb past $30 per share since July of last year. Trading at around $22 per share today, the optimism that surrounded the company's emergence from bankruptcy and initial public offering

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