DETROIT, Michigan – General Motors’ shareholders rejected Greenlight Capital’s proposal to split the company’s stock into two classes, with 91 percent rejecting maverick hedge fund investor David Einhorn’s attempt to separate automotive ...
Last Tuesday, General Motors (NYSE: GM) posted another strong quarterly profit. While GM's profit fell significantly on a year-over-year basis -- even excluding charges related to the sale of its European operations -- the company still posted …
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David Einhorn, the activist investor who has proposed that General Motors create two classes of stock, has accused the company of misleading credit-rating agencies about the plan. Einhorn told Business Insider that rating agencies were …
A large shareholder of General Motors Co. stock said Tuesday it has a plan it believes would “unlock substantial value” for GM shareholders by moving the Detroit automaker’s common stock into two classes: one that would receive dividends …
General Motors Company ( GM) as a business has never been better, and 2015 was yet another record year. GM sold 9.8 million vehicles last year, a 0.2% increase over its previously set sales record in 2014. Yet despite this strong …
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 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.
Make in U.S.A.or pay big border tax! — Donald J. Trump (@realDonaldTrump) January 3, 2017 GM’s stock dropped by about 1 percent, roughly a quarter billion dollars in value, after his tweet. ADVERTISEMENT The automaker revealed …