General Motors IPO

When GM CEO Daniel Akerson recently compared one of his company's cars to a can of Diet Coke, investors and, no doubt, employees cringed. After all, the belief that cars were no more than expensive consumer products is what caused GM's downfall and subsequent bankruptcy in 2009.

The initial public offering of General Motors last week netted $11.7 billion for the U.S. Treasury, which invested taxpayer money into keeping the then-struggling automaker solvent during the financial crisis as part of its Troubled Asset Relief Program.

For the first time since June 2009, shares in General Motors have begun trading on the New York Stock Exchange, opening Thursday at $35. In early morning trading, the Detroit automaker's shares continued to drive higher, up over 8% at one point.

General Motors will increase the size of its IPO by almost one-third to meet strong investor demand. The company said it will increase the IPO to 478 million common shares, 31% more than the planned 365 million. These figures exclude the amount of shares that underwriters have the option to...

Shares of General Motors are set to begin trading again Thursday, just 16 months after the automaker emerged from bankruptcy protection. Investor demand prompted GM to hike the price range for common shares to as much as $33.

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.

GM reportedly plans to raise the price range on its pending initial public of stock to as much as $33 a share. The increase to $31 to $33 a share from the initial $26 to $29 a share is being prompted by strong demand for the stock.

General Motors will recall 14,245 Cadillac DTS and Buick Lucerne cars with V8 engines because of a potential problem with the starter and alternator cables that can cause fires. The cables can come into contact with the power steering return line, GM said in a statement. This can lead to a leak...

General Motors may receive a tax break worth as much as $45.4 billion under the terms of its government-financed restructuring. The credit is a final benefit from the company's multibillion-dollar government bailout. Under the terms of the bailout, GM will be able to apply a tax credit related to...

General Motors said it will stick to its pledge to keep certain levels of vehicle production in the United States until it has fully repaid the U.S. taxpayer. GM had proposed making 1.8 million vehicles in the United States this year, with output increasing to 2.26 million vehicles in 2014,...