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 …
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: …
A surprising theory is fueling a long-awaited breakthrough for General Motors shares: that the stuffy century-old automaker may have some technology chops, after all. Bullish reports from a Deutsche Bank analyst who sees a $30 …
have blasted Einhorn’s proposal to split GM’s common stock into two classes. In a Wednesday filing, Einhorn griped that “to Greenlight’s surprise” GM had “substantially altered” the term sheet of his two-class stock proposal when it …
With General Motors appearing stalled in its talks about joining a global auto alliance, billionaire shareholder Kirk Kerkorian stepped back into the limelight Thursday, saying he still thinks an agreement with Renault and Nissan is a …
General Motors might be fine for the garage, but do you want it in your investment portfolio? You'll soon have a chance to buy stock in the "new" General Motors Co., which has filed for an initial public offering that's expected to happen …
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 — The initial public stock offering by General Motors will be smaller than previously suggested, and the federal government will most likely sell a relatively small portion of its 61 percent stake in the company, according to people …
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 ...