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News For GM From The Last 14 Days Check below for free stories on GM the last two weeks. |
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| June 9, 2013 |
| 20:53 EDT |  | GM | GM China JV to recall almost 208,000 cars, WSJ says
On June 15, Shanghai General Motors will begin recalling almost 208,000 Buick LaCrosse cars built in China because of possible brake-fluid leaks, says the Wall Street Journal, citing China's quality control agency . Shanghai General Motors is a joint venture between General Motors and Shanghai's SAIC Motor Corp, added the Journal. Reference Link |
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| June 7, 2013 |
| 14:39 EDT |  | GM | Shares poised to finish week higher as jobs report reassures investors
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| 13:24 EDT | | GM | GM production change leads to strike threat, Reuters reports
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| 07:52 EDT | | GM | Indonesia approves tax breaks on low-emission cars, Bloomberg says
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| 06:30 EDT |  | GM | Treasury receives $1.03B for sale of 30M GM shares at $34.41
The Treasury department announced last night that it has agreed to sell 30M shares of General Motors common stock at $34.41 per share in an underwritten public offering in conjunction with GM's inclusion in the S&P 500 index. The aggregate proceeds to Treasury from the common stock offering are expected to total approximately $1.03B. The UAW Retiree Medical Benefits Trust has also agreed to sell 20MM shares in the offering, making the total offering size 50M shares. Aggregate proceeds to VEBA from the common stock offering are expected to total approximately $688M. After giving effect to this offering, Treasury will own approximately 189.2M shares of GM common stock. At the conclusion of this sale, the taxpayers will have recovered $32.53B of the initial GM investment, Treasury added. |
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| 06:14 EDT | | GM | General Motors 50M share Secondary priced at $34.41
Citigroup, JPMorgan and Morgan Stanley acted as joint book running managers for the offering. |
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| June 6, 2013 |
| 14:53 EDT |  | GM | General Motors says will continue to consider ways to return capital to holders
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| 13:15 EDT | | GM | GM to provide free maintenance for many vehicles, Automotive News says
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| June 5, 2013 |
| 16:26 EDT | | GM | On The Fly: Closing Wrap
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| 12:32 EDT | | GM | On The Fly: Midday Wrap
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| 10:57 EDT | | GM | Ford, GM China sales increased in May, Automotive News says
Ford's (F) sales in China jumped 45% year-over-year last month, according to Automotive News. GM (GM) and its Chinese joint ventures saw their sales increase 9% in the Asian country last month, the website added. Reference Link |
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| 08:17 EDT | | GM | Treasury to sell 30M shares of GM with index inclusion
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| 08:05 EDT |  | GM | General Motors volatility flat into U.S. Treasury saying it will sell 30M shares
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| 08:03 EDT | | GM | Treasury announces plans to sell 30M shares of General Motors
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| 06:49 EDT | | GM | High demand for electric cars makes supply limited, LA Times says
An increase in demand for electric vehicles, such as Fiat's (FIATY) 500e, Nissan's (NSANY) Leaf, Honda's (HMC) Fit EV and Chevy's (GM) Spark, is also increasing their scarcity, especially after a drop in their lease prices, reported The Los Angeles Times. Reference Link |
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