Dan Akerson

GM Shares Top Level Not Seen Since 2011

Shares of General Motors reached an important milestone on Friday, topping their initial public offering price of $33 for the first time in more than two years.

Could GM Ever Fail? Yeah, It Could Happen

GM has been cleaning up its act and has the profits to show for it. But the competition has never been stiffer, all over the world, and GM's cars will have to be top-notch to assure the success of a turnaround.

GM to Marketing Chief: "Surprise! You're Fired"

On Sunday, General Motors announced the sudden "resignation" of its high-profile marketing chief, Joel Ewanick, who oversaw its $4.5 billion advertising budget. So what led to the downfall of this major figure in GM's turnaround?

Will GM Post Its First Annual Profit Since 2004?

Or will it disappoint? Investors -- and taxpayers -- will be watching on Thursday, when GM posts its latest earnings. Despite analyst expectations of a full-year profit, the automaker has warned that fourth-quarter results will fall "significantly" from previous periods.

GM Withdraws $14 Billion Federal Loan Application

Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.

Treasury Nets $2.1 Billion in Preferred Share Buyback

General Motors has repurchased $2.1 billion in preferred stock from the federal government, further reducing the amount the automaker owes taxpayers following last year's bailout. The latest transaction cuts the government's stake in the rebounding carmaker to 33% from 61.5%.

Obama Praises GM Bailout as Shares Gain 4% in IPO

Following General Motors' historic return as a publicly traded company Thursday, President Obama said the U.S. government, despite the many critics, is on track to more than recoup the nearly $50 billion it invested in the Detroit automaker.

GM's IPO: Recovery -- Not the End of the Road

Considering where the iconic carmaker has been in recent years, the pending IPO -- and robust investor demand for shares -- is a remarkably positive step. But GM still has plenty of problem spots that will need fixing if this historic event is to have lasting meaning.

General Motors Sales Rose 3.5% in October

Buoyed by stronger demand for pickups and crossover, GM said today that October sales increased 3.5% compared to a year ago. Excluding its discontinued brands, sales of Buick, Cadillac, GMC and Chevrolet models rose 13% for the month.

Auto Industry Cruises on Slow, Steady Demand

Vehicle sales have been less than stellar in recent months, disappointing some analysts. But the industry is gradually improving in a broad trend that is benefiting nearly all automakers -- including the Big Three, which have returned from the brink.

GM Says Employees Can Buy IPO Shares

General Motors is giving some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.

GM CEO: It Will Take Years to Repay Govt

The federal government's controversial decision to step in and save General Motors from insolvency was the right thing to do, says the automaker's new Chief Executive Daniel Akerson.

GM's Fate Now Rests on
Daniel Akerson's Shoulders

The new incoming CEO will need to convince shareholders that GM, which is only a year out of bankruptcy and has posted just two profitable quarters, is a worthy investment. He'll also have to make sure the carmaker's dramatic turnaround is built to last.