General Motors Corp.
| 7:30PM 1/19/2011
Automakers recalled more vehicles last year than in any of the last six years. And while Toyota Motors accounted for much of the growth, with problems including unintended acceleration and glitchy brakes, many other car manufacturers also saw their recalls increase.
| 7:30PM 11/15/2010
In its initial public offering Thursday, General Motors will raise its price range and offer more shares than previously expected, according to an Associated Press story citing an anonymous source.
| 10:00PM 10/13/2010
When General Motors has its initial public offering, its shares will likely price at $20 to $25 each, according to chairman Ed Whitacre.
| 8:00PM 9/22/2010
It's looking less likely that taxpayers will recoup the $50 billion spent to bail out General Motors. A government watchdog says the U.S. Treasury would need to sell its shares for $133.78 each to break even.
| 7:09AM 9/15/2010
OnStar, a unit of General Motors that provides in-car safety and communications, unveiled new services that may allow drivers to verbally update their Facebook page and send text messages.
The new services would read the driver's Facebook news feed out loud and let them update their status with...
| 7:15AM 9/02/2010
General Motors may begin the roadshow for its IPO immediately after the Nov. 2 midterm elections, Reuters reported.
The investor roadshow is scheduled to begin on Nov. 3 and will go on for two weeks, Reuters reported without naming its sources. The IPO will price on Nov. 17 and debut the next...
| 8:55AM 8/17/2010
General Motors is recalling 243,403 vehicles because of a potential safety problem where safety belts could appear to be properly latched when they are not.
The recall affects 2009-2010 models of the Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook, GM said today in a statement....
| 9:30AM 3/30/2010
An auto plant in Fremont, Calif. that may have saved the U.S. auto industry when it reorganized in 1984 is closing this week, giving its 3,700 union workers an average $54,000 severance as it lays them off.
The 4,700-employee plant, called the New United Motor Manufacturing Inc., or NUMMI, is...
| 4:00PM 9/25/2009
With the success of the Toyota (TM) Prius and the mad dash into sustainable vehicle development, wearing a green mantle has become a key marketing tool for major automotive brands. As a result, the Greenest Car rankings, released on Sept. 24 by Whatgreencar.com, are getting a lot of attention. The...
| 7:00AM 3/30/2009
Last fall, I suggested that General Motors Corp. (GM) ought to follow a six point restructuring plan. One of those steps was to can GM's CEO Rick Wagoner. Under his tenure, which began in 2000, GM's stock has lost 95 percent of its value and GM has posted $30 billion in 2008 losses while presiding...