General Motors gm stock fell to $1 a share Wednesday morning as investors fearing bankruptcy continued to flee the once-mighty blue chip industrial giant. The stock traded from $1 to $1.35. Shares of GM on Tuesday fell to 1933 levels …
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 …
Investors with a bullish thesis on major automakers General Motors (NYSE: GM) and Ford Motor Company have been proven correct as record profits have flowed in over the past couple of years. Investors have also become disgruntled as …
General Motorsstock fell to lows not seen since the Great Depression on Tuesday as investors reacted to news that six top executives had sold the remainder of their holdings in the company. As GM careens toward bankruptcy, the latest …
General Motors shareholders might not ask many hard questions as they gather today at the Renaissance Center for their annual meeting, but that won't erase the nagging question that persists throughout this combative election year: …
DETROIT — Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S. Treasury Department statement. GM and the Treasury …
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 …
General motors stock is tumbling today. It’s down more than 3 percent so far. That’s after news that GM stocks plunged 18 percent in May. The company blames a drop in sales on low gas prices, among other things.
DETROIT -- Shares of General Motors are rising Tuesday as a proxy fight escalates between the company and an activist shareholder who wants to split its shares into two classes. David Einhorn's Greenlight Capital said Tuesday it's sending …
Detroit: General Motors should consider using its excess cash for a stock repurchase from the US government because of the low valuation of the automaker's shares, according to a JPMorgan Chase & Co analyst. "GM is likely to consider …