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.
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Electric car start up Coda Automotive will delay the launch of its battery-powered sedan until the second half of next year, interim CEO Mac Heller said Wednesday at the Los Angeles Auto Show.
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Nissan's U.S. dealers will each give up one of their electric Leaf demo cars as the factory tries to satisfy initial demand for the car.
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Back in summer 2008, I was in Germany for the first drive of the 2009 V8 Vantage. The big news then was the new 4.7-liter engine (up from the previous 4.3 liters) with 420 hp and 346 lb-ft of torque.
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Mercedes-Benz's AMG unit and motorcycle maker Ducati have signed an agreement to work closely together in the future.
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The LA Auto Show, the largest on the US west coast, is typically the venue worldwide automakers showcase their latest green technologies. This year’s exhibition is no different, with a slew of automakers touting environmentally-conscious vehicles powered by everything from turbines to batteries. But LA is also the stage for some relevant design exercises, including the Nissan Ellure concept, Cadillac's Urban Luxury concept, Hyundai Elantra, the Dodge Charger and Durango, Nissan’s Quest minivan, the Ford Explorer, Subaru’s Impreza concept and the new Saab 9-4X.
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.
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Renault-Nissan CEO Carlos Ghosn said the alliance's electric cars business may be profitable within three years as the two automakers plan to introduce new models. 'There are customers who want really zero emission cars,' Ghosn said.
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The U.S. government achieved its objective in the politically unpopular rescue of General Motors Co. and is prepared to relinquish majority ownership in the resurgent automaker, Obama administration officials said.
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General Motors Co., which went bankrupt last year after almost a century on the New York Stock Exchange, returns to public trading today following an initial public offering that raised more than $20 billion.
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GM shares finished their first day on the New York Stock Exchange up 3.6 percent amid heavy volume, closing at $34.19 -- a gain of $1.19 over its initial stock offering price of $33 a share.
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GM, which went bankrupt last year after almost a century on the New York Stock Exchange, advanced as much as 9.1 percent in its return to public trading following a $20 billion initial public offering. GM gained 6.6 percent to $35.16 at 10:08 a.m.
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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
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Nissan executive vice president Colin Dodge said that Japanese carmakers will continue to suffer from a strong yen next year although China will bolster the company's performance in 2011.
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Upmarket black and white theme for Landmark limited edition Discovery 4.
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Figures from the SMMT show that car production rose by 6% year-on-year to 112,798 units in October.
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Figures from the SMMT show that car production rose by 6% year-on-year to 112,798 units in October.
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Ford says it will drop its stake in Mazda Motor Corporation to 3.5% from 11% with the deal expected to close tomorrow. (19 November).
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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.
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