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GM Buys Back $5.5 Billion In Stock From The U.S. Government

GM Buys Back $5.5 Billion In Stock From The U.S. Government

General Motors has announced plans to buy back some of its stock from the U.S. Department of the Treasury, reducing the federal government's stake in the automaker by 40%. In a press release, GM says that it will purchase 200 million shares of common stock from the Treasury -- a significant chunk... read more

December 19, 2012 by  - 5
 
Teen driver

Consumers Much Happier With Automakers, Not So Much With Airlines

When the last Harris Poll on the public's perception of U.S. industries was conducted in 2009, automakers didn't fare so well. At the time consumers were less happy with car... read more September 21, 2011 by  0


 
U.S.-spec 2012 Fiat 500c

Fiat Buys Out The Feds, Becomes Majority Owner Of Chrysler

It's hard to believe that two years have passed since Chrysler's Chapter 11 hearings concluded (next Friday is the grim anniversary). Now, the automaker is preparing to begin... read more June 3, 2011 by  7


 
Newt Gingrich

GOP To Detroit: We're Still Not That Into You

The 2012 Presidential campaign has already started, and yes, it looks like the bailout of the auto industry could end up being one of many points of debate. Chrysler's... read more May 24, 2011 by  4


 
2013 Chevrolet Malibu

GM Posts Best Quarter In Years, Buoyed On U.S. Product

General Motors [NYSE: GM] is proving that it's truly back in the black. For the fifth straight quarter since emerging from bankruptcy, it posted a net income. In fact, it's... read more May 5, 2011 by  4


 
Chrysler headquarters

BREAKING: Chrysler To Repay U.S., Canadian Loans By June 30

Yesterday, we told you that Chrysler was on the brink of announcing a plan to repay its debts to governments of Canada and the U.S. Now, they've gone and done it: according... read more April 28, 2011 by  1


 
Dodge 'Haiku For You' ad

UPDATED: Dodge's 'Haiku For You' Is The Worst Ad Of 2011 (So Far)

UPDATED: SEE BELOW After months of near-silence during its painful restructuring process, Chrysler began crawling back toward the world of advertising. Its first efforts --... read more April 6, 2011 by  0


 
Detroit

The Road Ahead: Auto Insiders Predict Big Gains For Detroit's Big Three

Yesterday, we spent a little time looking back at 2010, so it's only fair that we now turn 180 degrees and look at what the future holds for America's automakers. Thankfully... read more January 6, 2011 by  0


 
Fiat's Sergio Marchionne

Chrysler, Fiat Not Merging (For Now)

Earlier today, Sergio Marchionne told reporters that he has no intention to merge the operations of Fiat and Chrysler. To some, that will signal trouble in paradise; others... read more January 3, 2011 by  7


 
Teen driver

41% Say 'Buying American' Is Most Important When Shopping For A Car (But What's 'American'?)

Each of us has a slightly different set of criteria when we go shopping for a new ride. Some are obsessed with horsepower, some want airbags, and some marketing folks believe... read more November 23, 2010 by  13


 
General Motors Renaissance Center, Detroit, Michigan

Things To Know About General Motors' IPO

General Motors' initial public offering is just a few weeks away, and the company is expected to make some announcements today that should be of interest to investors... read more November 3, 2010 by  2


 
Ed Whitacre

Ed Whitacre's IPO Offense Explained

Many people probably missed Ed Whitacre's chatter about General Motors upcoming IPO. It happened smack in the middle of a very busy week, in the aftermath of "Voltgate"... read more October 18, 2010 by  2


 

Deer Season Is Coming: Cue The Chevy Truck Ads

In many parts of America, deer season is a very big deal. Families talk about it for months, plan hunting trips, shop for deer stands, clean rifles. We know of school... read more September 2, 2010 by  0


 
General Motors Renaissance Center, Detroit, Michigan

GM Lands $5 Billion Line Of Credit, Could File For IPO By Tomorrow

Last week, Ed Whitacre said that he was unsure about the timeline for General Motors' initial public offering. Analysts have been expecting GM to return to the stock markets... read more August 12, 2010 by  0


 
Edward E. 'Ed' Whitacre, Jr.

General Motors Goes Public About Going Public

A little over a year ago, General Motors was split in two: stockholders were left with shares in "Old GM", known officially as "Motors Liquidation Company" -- currently... read more August 6, 2010 by  0


 
GM's Hyatt Hills Golf Complex

The 'Old GM' Just Ain't What She Used To Be. Or Is She?

Just over a year ago, General Motors Corporation was split in two: the potentially profitable half became General Motors Company (i.e. "Good GM"), and everything else became... read more July 28, 2010 by  0


 
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