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Tag Archives: gm ipo
GM Stock Below $25 down from $39 High as Conference Opens
During the program, senior leaders reviewed GM’s progress and outline plans for further improvement. In a sense GM is playing a “beat the reaper” game – can GM increase share and sales of less profitable small cars such as the Chevrolet Sonic, which is just entering production, at a greater rate than the drop off in truck sales and larger per unit profits in North America, while growing in Eastern Europe, South America and Asia? Continue reading
Posted in auto news, economy, financial results, news analysis, results, sales
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, dan akerson, GM, gm business plan, gm earnings, gm global business conference, gm ipo, gm outlook, gm returns, gm stock price, Ken Zino, zino
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Akerson Praises GM at Annual Meeting as Stock Languishes
The weaknesses at GM remain in its sales of traditional trucks, with a 110 days supply of full size pickups; it’s heavy use of incentives, which remain higher than the industry average, (but are lower than the levels that drove it into bankruptcy); and gaps in updating the product line because of delayed programs at the end of the last decade when cash was short. Continue reading
Posted in auto news, economy, financial results, news analysis, people, performance
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, dan akerson, GM, gm annual meeting, gm bankruptcy, gm ipo, Ken Zino, zino
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U.S. Taxpayers Get $13.5 Billion from GM IPO. Still Own 33%
The U.S. Department of the Treasury said today it received $1.8 billion in additional net payments from General Motors’ initial public offering (IPO), bringing overall net proceeds for taxpayers from the GM IPO to $13.5 billion. Continue reading
Posted in auto news, economy
Tagged auto informed, autoinformed, autoinformed.com, gm bailout, gm ipo, Ken Zino, tarp, taxpayer return on gm, U.S. Department of the Treasury, zino
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GM Will Repay $1.0 Billion of Korean Debt
General Motors Company today announced that its GM Daewoo Auto & Technology, Inc. subsidiary will fully repay its Korean revolving credit line by December 8. GM owns 70% of the automaker, which it – ironically – acquired when the parent … Continue reading
Posted in auto news, economy
Tagged auto informed, autoinformed, autoinformed.com, chris liddell, gm bankruptcy, gm debt, gm ipo, gm Korean debt, gm-daewoo, Ken Zino, zino
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General Motors Underwriters Take Maximum Number of Shares in IPO
What this really means is U.S. taxpayers now own about 33% of General Motors, down from the U.S. Treasury’s ownership of GM’s outstanding shares of common stock of 61% before the IPO. Continue reading
Bailout Blessing! GM Saves 184 Jobs in Three Plants
General Motors has just announced a $163.2-million investment in its operations in Flint and Bay City, Michigan, and Defiance, Ohio, to support engine production for the Chevrolet Volt, Chevrolet Cruze and a new Chevrolet small car to be built in the United States. The investment will protect 184 jobs at the three sites. Continue reading
Posted in auto news, economy
Tagged auto informed.com, auto news, autoinformed, chevrolet cruze, chevrolet volt, gm bailout, gm bankruptcy, gm ecotec engine, gm ipo, Ken Zino, tarp
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GM Stock Price Soars on IPO Frenzy
My how quickly public perceptions change. General Motors, the ailing symbol of demonstrably bad senior management and worse union labor practices, is now the darling of Wall Street as it returns to public trading today in New York and Toronto under the ticker symbol “GM.” Continue reading
Posted in auto news, economy
Tagged auto informed, auto news, autoinformed, autoinformed.com, gm bankruptcy, gm ipo, gm stock, government bailouts, Joe Phillippi, Ken Zino
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Just How Bad is GM’s Accounting?
GM says that it doesn’t have the financial controls in place to know if its published results are real or if there are potential material changes lurking. Continue reading
Posted in auto news, economy, financial results
Tagged auto news, autoinformed, gm bailout, gm bankruptcy, gm ipo, gm stock, Ken Zino
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