DETROIT (AP) — Surprise! The top-performing stock among automakers in the U.S. this quarter is General Motors. The company, which endured management upheaval during the quarter and announced that it would lose substantial cash in …
Faced with a potential cash shortage, General Motors crashed yesterday to close at its lowest price since the dark days of 1974. Shares had initially tumbled 12 percent intraday to a new trading low of $11.21 after Goldman Sachs …
Billionaire Investor David Einhorn of Greenlight Capital called for a split in General Motors stock. He wanted to create two investment options, one that provided a steady dividend and another that offers returns on future growth. The idea was it …
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NEW YORK/DETROIT, Oct 29 (Reuters) - Ford Motor Co’s (F.N) emergence as Detroit’s darling may have fueled jealousy at General Motors Co [GMAAF.UL] headquarters, but the archrival’s rising shares could help GM as it readies its …
(Reuters) - Greenlight Capital's plan to split up General Motors Co's (NYSE:GM - News) stock, as well as its challenge to the company's board of directors, will come to a head on Tuesday, as the U.S. automaker's shareholders cast their …
General Motors announced a $5 billion US stock buyback as part of a plan to return more cash to investors. In return, an activist shareholder decided to drop a potentially divisive bid for a seat on the company's board. The moves, announced …
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General Motors tumbled to its lowest price in more than 33 years after Goldman Sachs cut its investment rating on the automaker because of a worsening sales outlook. The stock sank nearly 11%, or $1.38 to $11.43 after Goldman …
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 …
When Elon Musk, CEO of Tesla Motors (TSLA), unveiled his company's Model 3 electric car, even he must have been relieved to see pre-orders stream in. Orders surpassed 325,000 within a week, even though production won't begin until …