For the first time in more than two years, the stock price for General Motors has passed its $33 initial public offering, thanks to the automaker preparing to introduce redesigned full-size pickups. The company will be introducing 20 new vehicles, including the Chevrolet Silverado and GMC Sierra, hoping to rebound from an 88-year low market [...]
Even as Reps. Mike Kelly (R-PA) and Jim Renacci (R-OH) requested that Treasury Secretary Jack Lew demonstrate that there was no partisanship in the administration’s decisionmaking with regard to shutting down General Motors dealerships...Show More Summary
Editor’s Note: Related Tickers: Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), Best Buy Co., Inc. (NYSE:BBY), AeroVironment, Inc. (NASDAQ:AVAV) Ford says good-bye to Best Buy and pegs AeroVironment as new plug-in EV charger...Show More Summary
Audi hasn't been shy in telling the world that it has big plans for growth. In fact, its parent company Volkswagen has plans to take over the world overtake General Motors and Toyota as the world's largest automaker, and the four-ringed luxury brand is going to play a critical role in meeting that goal. How you ask? With new performance models...
General Motors has reached an important milestone this morning: the price for one share of the company has climbed to over $33. That's higher than the Initial Public Offering price from 2010. At roughly 12:15PM Eastern today, GM shares were up $0.97 on the day, some 2.99 percent, for a total of $33.36. Show More Summary
Remember when the 1970?s were marked by the great Japanese invasion of cars on our shores? Brands like Toyota and Honda, seeing potential in our lucrative market, set up shop and soon began to out-muscle domestic car producers like Ford Motor Company (NYSE:F) and General Motors Company (NYSE:GM) for American market supremacy. Now there is [...]
DETROIT (Reuters) - General Motors Co shares on Friday topped their 2010 initial public offering price, which will help the automaker's largest shareholder, the U.S. Treasury, pare its losses.
By George Kesarios: Tesla Motors (TSLA) plans to raise as much as $830 million through a stock and debt offering that will be utilized to repay $465 million U.S. Department of Energy loans with interest and for general corporate purposes. Show More Summary
While it seems that Ally is a new player in the banking game, the reality is that the bank was actually founded in 1919 as the General Motors Acceptance Corporation (GMAC). Today, Ally is known for its competitive yields on cash products,...Show More Summary
Atop the American auto market are General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), Toyota Motor Corporation (ADR) (NYSE:TM), and Chrysler Group LLC, who capture shares of 18.8%, 16.4%, 14.0%, and 11.9%, respectively. For the purposes of my analysis, I have chosen to focus on General Motors Company (NYSE:GM), Ford, and Toyota. Here, I will address [...]
More than a few analysts have expressed concern that official austerity measures and a slowing economy could put the brakes on China’s high-speed auto sales. So far, however, they’re still rolling along at a decent clip. In response, automakers are doubling down there to make up for weakening demand in Europe. China topped the U.S. [...]
Photo courtesy All Things Buick. Amid all the reports of southeast Michigan automotive landmarks either facing the wrecking ball or similar uncertain futures comes news that General Motors has stepped in to buy a historic former automobile factory in Flint, Michigan; however, the factory never built a GM vehicle and is not suited for manufacturing [...]
By Lindsay Chappell, autownews.com A labor taboo still exists in the North American auto industry, and Nissan and General Motors sidestepped it this week.
For decades the auto industry has centered around Detroit. General Motors Company (NYSE:GM), Ford Motor Company (NYSE:F), and Chrysler are located there and the innovation and design that drivers love was developed there. Today, it’s an upstart in California that has the auto industry rethinking everything it’s doing. Maybe the internal combustion engine isn’t the future? Maybe [...]
Today we're going to talk about the Detroit's dirty little secret. No, I'm not discussing some celebrity gossip headline you might see on the E! channel. I'm talking about how Ford, General Motors and Chrysler use massive fleet sales to juice their market share figures. Show More Summary
For decades the auto industry has centered around Detroit. General Motors, Ford, and Chrysler are located there and the innovation and design that drivers love was developed there. Today, it's an upstart in California that has the auto industry rethinking everything it's doing. Show More Summary
General Motors has abandoned its multi-billion dollar outsourcing agreements with HP and other providers in favor of an internal hyperscale environment that runs Hadoop on low-cost x86 servers. This week the carmaker launched its first data center in Warren, Michigan. … Continue reading ?
General Motors told us so back in March, but it is now official: The twin-turbocharged 3.6-liter V6 announced for the 2014 Cadillac CTS will also join the options list for the 2014 Cadillac XTS. The LF3 engine puts out 410 horsepower and 369 pound-feet of torque in the XTS, however, which is 10 hp and 61 lb-ft down from its application in the CTS. Show More Summary
The all-new 2014 Chevy Silverado will begin arriving at dealers later this year. Photo credit: General Motors Co. It's no secret that General Motors' all-new full-sized pickups are a big deal for the company. The Chevy Silverado andShow More Summary
With power ratings for the 2014 Chevrolet Silverado and its truckin’ cousin, the upscale GMC Sierra, revealed last week, it looks like the floodgates are just starting to open regarding General Motors’ full-size truck chassis and the vehicles riding atop it. We’ve now caught sight of the 2015 Chevrolet Tahoe, 2015 GMC Yukon, and Suburban-sized [...]