general motors ipo

GM Stock Falters as Company Revisits Failed Strategies

When GM CEO Daniel Akerson recently compared one of his company's products 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.

GM IPO Brings In $11.7 Billion for the U.S. Treasury

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.

GM Shares Climb Higher on First Day of Trading

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.

GM Increases IPO by 31%

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 purchase to cover over-allotments.

General Motors Boosts IPO Price Range by 14%

A confident General Motors has added 20 million shares of preferred stock to its initial public offering, and it raised the estimated price range for common shares by about 14 percent to $32 to $33.

GM to Raise Its IPO Price Range

General Motors may raise its price range and offer more shares than previously expected in its initial public offering Thursday.

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.

GM Recalling 14,245 Vehicles to Fix Potential Fire Problem

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 in power-steering fluid, battery drain and a hole in the line.

GM Could Get $45 Billion Tax Break, Thanks to Bailout

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%u2019s multi billion-dollar government bailout. Under the terms of the bailout, GM will be able to apply a tax credit related to previous losses and business expenses to future earnings.

GM Vows to Stick to U.S. Production Pledge

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, Bloomberg News reported. The company pledges to make at least 90% as many vehicles in the United States as planned, provided it is commercially reasonable.

GM's IPO Size Likely to Shrink

At an anticipated $16 billion, General Motors' pending initial public offering was expected to be the second largest in history. Now, the No. 1 U.S. automaker is revising IPO expectations downward, anticipating it will bring in $8 billion to $10 billion when shares go public in November.

China's Largest Automaker Weighing GM Stock Purchase

China's SAIC Motor is considering taking a stake in General Motors when the Detroit-based automaker begins its public offering of stock later this year. Though some Americans will likely object to foreign ownership, GM's stakeholders will likely need all the help they can get unloading shares.

GM IPO Roadshow May Begin Immediately After Midterm Elections

General Motors Co 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 day.

GM's IPO: How Will the Preferred Stock Work?

The automaker's much-anticipated IPO includes plans to offer preferred stock in addition to the usual common stock. What's the difference between them, and which is a better investment? Here's a quick rundown.

IPO Filing Offers Peek Under the Hood of the New GM

A little more than a year ago, bankrupt GM required a massive government bail-out. Today the company began its return to Wall Street by formally filing to hold an IPO. Yet it remains unclear if the once-troubled automaker will be a good investment.

GM Recalls 243,403 Vehicles for Safety Belt Buckle Problem

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. Most of the vehicles are in the United States, with several thousand exported vehicles in countries such as Canada and Mexico also affected.