The U.S. government's foray into the car business is slowly coming to an end. The Treasury Department said Wednesday that it will sell its remaining stake in General Motors in the next year or so, winding down a $50 billion bailout that saved the iconic ...
WASHINGTON — The U.S. Treasury Department on Thursday set a price of $34.41 per share for the sale of 30 million shares of General Motors stock. Treasury said the sale will result in aggregate proceeds to the government of $1.03 billion. A United ...
Shares of General Motors reached an important milestone Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares reached $33.77 Friday before slipping back to close at $33.42, up 3.2 percent.
When GM’s stock debuted on November 18 ... But GM seems to hardly be on “top of the world.” As Breitbart News editor Ben Shapiro noted, “Obama may have bailed out GM, but he didn’t bail out the taxpayer – and in the long run, GM won ...
Sept 21 (Reuters) - The U.S. Treasury expects General Motors Co’s stock price to rise in the future, offering the government a better chance to cut its losses in the automaker, people familiar with Treasury’s thinking said. While the government does ...
Reuters · 5y
General Motors will be issuing new stock, a signal that the company is emerging from the ashes like the mythical phoenix. There is much to celebrate with this public offering. The corporate giant and employer of 209,000 people worldwide successfully ...
recordnet · 7y
Consider this. Since late December 2005, GM’s (GM) stock has doubled to about $38. With all of the excitement about the sale of Chrysler, Daimler’s (DCX) stock is up 80%. Ford (F) and Toyota (TM) are up about 20% over that period. GM’s share of the ...
(See below for why that argument had about as much credibility as a Chevy Citation's cooling system). Now GM has done its first stock IPO and everything is on track for a happy ending. Right? Right! Right? GM sold about 478 million shares Wednesday at $33 ...
Reason · 7y
In June 2009, GM filed for Obama-managed bankruptcy, costing the taxpayer some $50 billion. The vast majority of that cash was never paid back by GM. In November 2010, GM issued a new initial public offering at a price of $33 per share. Today, GM stock is ...
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 [and should consider ...
Gulf News · 7y