GM repays US government another $2.1bn

General Motors has completed the repurchase of all the preferred shares the government obtained in return for public funds, repaying US$2.1bn to taxpayers.

US: GM repays government another $2.1bn

16 December 2010

General Motors has completed the repurchase of all the preferred shares the government obtained in return for public funds, repaying US$2.1bn to taxpayers.

SPAIN: Chevrolet bullish on GM loan repayment

2 December 2010

Chevrolet says it remains confident parent General Motors will repay the US taxpayer's USD50bn bailout "completely" following the automaker's recent return to Wall Street in one of the largest IPOs in history.

US: Top GM chiefs acquire IPO shares

25 November 2010

Top General Motors executives acquired shares in the IPO and some added to their stakes afterward, led by chief executive Dan Akerson and chairman Ed Whitacre.

ANALYSIS: US taxpayers should recoup GM investment

25 November 2010

US analysts believe American taxpayers will recoup almost all their investment in the USD50bn rescue of General Motors that saw the automaker return to Wall Street last week.

COMMENT: GM back has major ripple effect

18 November 2010

There was a fair amount of carping recently during the US Congressional mid-term elections surrounding taxpayer-funded initiatives to help stricken companies through the recession.

US: GM confirms SAIC IPO stake, 90%+ allocation to North America

18 November 2010

General Motors says today's IPO - with a potential generation of up to US$23bn - was more than 90% allocated to a North American audience - but partner SAIC is among the foreign stakeholders.

US: GM taxpayer aid saved jobs: Treasury

18 November 2010

General Motors' IPO announcement of up to US$23bn today (18 November) will see the US Department of the Treasury's stake in the automaker fall by nearly half.

US: Obama hails GM's return to Wall Street

18 November 2010

President Obama has welcomed General Motors' return to the stock market insisting the US$23bn IPO - purported to be one of the largest ever - was a major milestone for the manufacturer and the US auto industry in general

US: GM to repay almost half taxpayer bailout in US$23bn IPO

18 November 2010

General Motors has priced its common stock offering at the higher end of US$33 - potentially allowing the automaker to repay up to US$23.1bn of its US$50bn taxpayer bailout.

US: Analyst lauds GM ahead of IPO announcement

17 November 2010

Automotive analysts Edmunds.com has outlined ten key points as to why General Motors' imminent IPO ought to be successful, including recent upbeat financial data and the model range.

COMMENT: Erased memories and raised expectations for GM

16 November 2010

I'm not too surprised that the offer price for GM shares is heading up. The analysts can argue over the company's future prospects, dissecting company strategy (or lack of it) till the cows come home, but a conversation I had earlier this week sums up what many potential investors are believing.

US: GM and SAIC reportedly close to equity agreement

11 November 2010

General Motors is close to finalising a sale of equity to its long-time Chinese partner SAIC, according to the Reuters news agency which cited people familiar with the matter.

GOLDING’S TAKE: Second-hand shares available in GM (best check the warranties)

11 November 2010

GM was not exactly boastful yesterday as it disclosed its third quarter financial results. But it was quite keen that everyone should know that it is back in profit as a group...though not in Europe.

US: GM books US$2bn Q3 profit, forecasts positive year-end result

10 November 2010

General Motors has announced third quarter results to 30 September, posting a US$2bn profit on revenue of US$34.1bn and is estimating full-year profits.

US: White House confident will recoup GM funds

4 November 2010

The White House said on Thursday it was confident the US government would recoup all the funds it had invested in General Motors to help the car maker through its financial troubles.The White House said on Thursday it was confident the US government would recoup all the funds it had invested in General Motors to help the car maker through its financial troubles.