News Breaks |
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| January 9, 2013 |
| 10:16 EDT |  | GM | GM CEO sees North America outpacing market this year, AP reports
General Motors (GM) CEO Dan Akerson says he believes the automaker's sales in North America will outpace the rest of the market in 2013, the Associated Press reports. The executive also sees small growth in U.S. market share, fueled by new products like the Cadillac ATS small sports sedan. Reference Link |
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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 10, 2013 |
| 13:00 EDT | | GM | Pickup price gains outpacing industry, Automotive News says
The average price for full-size pickups has jumped by 8% since 2005, after adjusting for inflation, Edmunds.com found, according to Automotive News. The price increase for pickups since 2005 is more than double the overall price increase for autos, Edmunds.com reported, Automotive News added. Reference Link |
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| 07:10 EDT |  | GM | Electric Drive Transportation Association to host annual meeting
2013 EDTA Conference & Annual Meeting is being held in Washington, D.C. on June 10-12. |
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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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