General Motors Company
NYSE: GM
$52.92
-$0.81 (-1.5%)
Closing Price on October 23, 2024
GM Articles
Ed Whitacre, the former chairman and CEO of AT&T and current head of GM looks like the Wizard of Oz scarecrow—tall and under-stuffed. Whitacre, however, can afford to buy new straw. He took...
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MarketWatch: Goldman Sachs Group (NYSE: GS) was upped to overweight at JPM. Reuters: Large shareholders of BP plc (NYSE: BP) were against the oil company raising a large sum of capital by...
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China’s car sales increases slowed very sharply in June, up only 10% compared to the same month last year, according to the China Automotive Technology & Research Center. The news comes four...
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GM’s IPO may come as early as next month after a long period of media speculation about the event and comments from the car company’s CEO Ed Whitacre, according to several media reports. GM has...
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China is now the largest car market in the world, having moved ahead of the US last year. Most analysts believe that 16 million cars and light trucks will be sold in the People’s Republic in 2010...
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Reuters: Maria Cantwell (D-WA) will support the Senate financial reform bill, giving Democrats a boost. Reuters: Automakers had a setback in June, an indication that the industry is facing...
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Updated throughout the day. “Deutsche Bank AG, Commerzbank AG and Bayerische Landesbank passed a stress test that evaluated how about 25 European lenders would weather an economic downturn, said...
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Toyota Motor (NYSE: TM) CEO Akia Toyoda spent most of the company’s annual meeting today trying to gain back shareholder trust and explain how the Japanese automaker will regain its footing. “I...
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There are more rumors that GM will have an IPO before the end of the year. The latest gossip is that the Treasury will sell 20% of its shares in the process, get taxpayers some of their investment in...
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At the depth of the recession when there was a falling market for new cars, strikes were almost welcome in the US and EU. Most car companies had so much inventory that a break in factory production...
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Treasury Secretary Tim Geithner made a number of important observations during his testimony before the Congressional Oversight Committee. The most outstanding of these is how much money from the...
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GM is likely to go public within the next three quarters, particularly if the economy avoids a double dip recession. The rumor is that JPMorgan Chase (NYSE: JPM) and Morgan Stanley (NYSE: MS) will...
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VW wants to be the world’s No.1 car company, and may reach that goal through its merger with Porsche. The top spot has changed hands in the last two years moving from troubled GM to troubled Toyota...
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GM will spare 900 of the nearly 2,000 dealerships it planned to close. That will leave it with 5,000. The revised plan will save GM money. Closing dealerships adds to the company’s costs because...
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The auto industry is trying to recover from a 2009 when U.S. companies sold only 10 million vehicles, down from 16 million in 2005. In another example of how the large manufacturers are keeping...
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