General Motors said on Monday it would buy back just under half of its preferred shares held by the United Auto Workers healthcare trust for about US$3.2 billion, essentially cutting company costs...
- Thu
- Oct 3, 2013
- Updated: 11:19pm
GM
General Motors (GM) is a US carmaker that was the world’s biggest, although Toyota is challenging it for the title. It was hard hit by the global financial crisis, needing a government bailout, but emerged from chapter 11 reorganisation in 2009, and held an initial public offering in 2010. It returned to profit in 2011.
18 Sep 2013
Buick customers in the United States and China could see more European design and engineering in an expanded range of new models by 2020, as General Motors more closely integrates global product...
11:49AM
17 Sep 2013
As automakers race to make cheaper electric cars with greater battery range, General Motors is working on one that can go 200 miles (320 kilometres) per charge at a cost of about US$30,000, a top...
10:59AM
11 Sep 2013
The government is getting closer to selling all of its General Motors stock.
The Treasury Department said in its August report to Congress that it sold US$811 million worth of GM common...
12:25PM
5 Sep 2013
US auto sales accelerated to the best pace since October 2007 as major automakers posted double digit gains on Wednesday and forecast more growth in the months to come.
12:01PM
4 Sep 2013
General Motors and its Chinese joint ventures sold 245,799 vehicles in China in August, an 11.2 per cent increase from a year earlier, the US automaker said on Wednesday.
In July, year-on-...
12:51PM
General Motors says that before the end of this decade it will begin selling cars that can almost drive themselves.
9:05AM
Detroit automakers General Motors and Ford, trying to shake off decades of insularity, are looking to California’s Silicon Valley and beyond for innovative ideas and technology that could disrupt...
2:19PM
General Motors has begun gradually cutting its presence in South Korea after mounting labour costs and militant unionism triggered a rethink of its reliance on the country for a fifth of its...
2:39PM
Sales of brawny pickup trucks fueled strong demand for new vehicles in the United States in June, driving the industry toward its strongest month since late 2007, before the financial crisis that...
1:31PM
General Motors said it is targeting an investment grade credit rating “within the year” as the US automaker works to distance itself from the stigma of its 2009 bankruptcy.
11:31AM
The sale of the US Treasury’s stake in General Motors and a possible credit rating upgrade of the US automaker this year will help distance the company from the stigma of its 2009 bankruptcy...
11:25AM
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23 Sep 2013
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