automaker bailout

General Motors Is Making Profitable Progress in U.S., China

Thanks to strong new products, hard work, and the American taxpayer, GM continued its profitable ways in the first quarter. The world's largest automaker reported a profit of $1 billion on the strength of its operations in the U.S. and China.

Top Executives at Bailed-Out Firms Have Pay Cut

Nearly 70 top executives at three companies bailed out by the taxpayers during the 2008 financial crisis -- AIG, Ally Financial and GM -- were ordered to take pay 10% cuts by the federal government, and the CEOs had their pay frozen at 2011 levels.

General Motors May Raise Its IPO Price

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.