Wasn't the Obama administration supposed to make money back on a sale of GM stock? Or so Treasury Secretary Timothy Geithner and other administration officials suggested back in 2009. Now taxpayers learn that Mr. Obama …
WASHINGTON -- The federal government on Monday sold its remaining shares of General Motors Co. stock, ending the controversial $49.5-billion bailout of the automaker with an approximately $10.5-billion loss for taxpayers. "This marks …
DETROIT — General Motors' stock rose the second day it traded as it rebounded from an early swoon. The automaker's stock climbed 7 cents, or 0.2 percent, to close at $34.26 on Friday, one day after it began trading on Wall Street again, …
NEW YORK — General Motors stock began trading on Wall Street again Thursday, signaling the rebirth of an American corporate icon that collapsed into bankruptcy and was rescued with a $50 billion infusion from taxpayers. The stock
General Motors Co.’s recent stock offering was staged to start paying back the government for its $50 billion bailout, but one group made out much better than the taxpayers or other investors: the company’s union. Thanks to a generous …
GM is on the verge of leaving the government fold, once the U.S. Department of Treasury sells the remaining stock it owns in the company. Taxpayers have been shortchanged and have so far lost $8.4 billion. The company received $49.5 …
“We believe that stock market expectations for commercialization at scale and profitability may need to be dialed back significantly. GM is targeting mass commercial deployment by 2019. In our opinion, if even 1% of global miles traveled …
It would seem that at the “New” GM, nobody has gotten the memo about corporations going on autopilot the second two weeks of December. General Motors has made two major announcements in the past 48 hours, and both will have …
DETROIT • General Motors shareholders have overwhelmingly turned down an activist shareholder's plan to split the company's stock into two classes. Only about 9 percent of the stockholders voted for the plan from David Einhorn's …