General Motors Company
NYSE: GM
$45.68
+$0.70 (+1.6%)
Closing Price on October 4, 2024
GM Articles
In the game of chess over how Detroit can be saved, one of the moves has been to try to keep the UAW from striking. A strike could end any chance that GM (GM) and Chrysler could restructure before...
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According to Reuters, the world is waiting on US jobs data to measure recession. Reuters reports that a Congressional panel is upping criticism of the Treasury. Reuters reports that corporate fraud...
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According to Reuters, Microsoft (MSFT) Windows 7 is "on schedule" and will begin testing with consumers. Reuters reports that Obama will lay out his case for stimulus package in a speech. Reuters...
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It is the Year of the Rat in China. Perhaps they could change that to the Year of the Dog so that it would be in keeping with the general mood. One of the hopes of the US car companies is that China,...
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It would be hard to miss the headline that Alcoa (AA) fired 15,000 people yesterday. The actions of big companies are probably a much better indicator for what is ahead for the economy than forecasts...
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According to Reuters, Alcoa (AA) will fire more than 13,000 people. Reuters reports that Apple (AAPL) disappointed with no Jobs or big announcements at Macworld. Reuters reports that GM (GM) says...
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It is hard to imagine an industry where when sales are off 30% to 40% it is considered a good thing. Welcome, to the Detroit auto company bailout of 2009. Sales of light vehicles at GM (GM) fell 31%...
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At the beginning of the decade a number of internet and next-generation technology companies raised money through venture capitalists and IPOs. Many of these companies had little, if any, revenue....
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One of the more subtle parts of the government bailout of GMAC came after the financial arm of the car company, now majority owned by star-crossed hedge fund Cerberus, got its $6 billion in aid. GMAC...
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The mathematics of the US car company bailout are simple. At least the car companies say that they are. Expenses get cut. Labor costs go down to what they are for Japanese auto firms operating in the...
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According to Reuters, cities and states are facing shortfalls and potential defaults. Reuters reports that the US steel industry is starting a "buy America" campaign. Reuters reports that Fannie Mae...
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According to Reuters, Wall St. closed its worst year since The Depression. Reuters reports that GMAC did not hit its goal of trading debt for equity and cash. Reuters reports that GM (GM) has gotten...
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Last summer, a gallon of gas cost over $4. Now the prices has dropped below two bucks and is still falling. The sharp drop in crude oil is to blame. Intuition would say that people should drive more...
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GMAC finally got its designation as a commercial bank. That allowed the firm to get $6 billion in federal money, $5 billion of which comes from the Treasury Department in exchange for preferred...
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According to Reuters, GMAC will get $6 billion from the government with $1 billion coming through GM (GM). Reuters reports that violence in Gaza intensified. Reuters writes that Japan is looking at a...
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