In the short term, investors win because the stock price likely will rise as GM begins buying back its shares. On Monday, GM shares rose 3.1% to $37.66. Barra and her management team also could win because nearly 90% of their …
General Motors has avoided paying $1 billion in stock as part of a $15 million settlement between its bankruptcy trust and plaintiffs. Just a few days ago, it emerged that the General Unsecured Creditors Trust wanted GM to contribute $1 …
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 Co shareholders on Tuesday overwhelmingly rejected proposals by hedge fund Greenlight Capital to restructure the company’s stock and reshape its board, backing chief executive Mary Barra’s efforts to rev up the …
DETROIT -- The U.S. government's short stint in the auto business is coming to an end. The Treasury Department said that it will sell its remaining stake in General Motors by early 2014, writing the final chapter of a $50 billion bailout that …
The government says it has sold another piece of its stake in General Motors Co. The Treasury Department said in its April report to Congress that so far this year it has sold 58.4 million shares of GM stock and earned net proceeds of …
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.
Another major corporate bankruptcy and a once-stellar stock worth less than four rolls of one-ply toilet paper. There’s much concern for GM employees, dealers and customers — and for good reason. But what happens to GM stockholders? …
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: …
General Motors Company (NYSE:GM) is one step closer to getting American taxpayers out of its business, but the …