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Aug
23rd

GM revives performance mission

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The high-performance group at General Motors Co. has a broader mission again -- with a marketing veteran in charge who is eager to develop powerful small cars. Full story...
Aug
20th

Ford may lose some investors to GM IPO, Bill Ford says

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Ford Motor Co. Executive Chairman Bill Ford said some investors may reduce their holdings in his company to buy shares in General Motors Co.'s initial public offering and spread their risk across the automobile industry. Full story...
Aug
20th

VW, GM, Toyota agree 10% pay rise for South African workers

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South African automobile manufacturers and a union representing auto workers have reached a deal on wages, ending a costly eight-day strike. The strike hit companies including Toyota, Ford, Volkswagen, General Motors, Nissan, BMW and Daimler. Full story...
Aug
19th

GM IPO filing cites business risks, including smaller dealer network

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General Motors Co.'s 734-page filing to go public featured standard warnings to investors about the risks facing the automaker -- including a weak sales outlook, regulatory changes, oil price volatility and supply base stability. Full story...
Aug
19th

GM to hire Hyundai’s Chris Perry to head Chevy marketing

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General Motors Co. today named Chris Perry its new Chevrolet marketing boss, replacing Jim Campbell. Full story...
Aug
19th

USBEKISTAN: GM JV spends $125m on Spark assembly

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GM Uzbekistan, a joint venture between General Motors and Uzbek automaker Uzavtoprom, has spent US$124.5m to produce the GM-Daewoo designed Chevrolet Spark model line, Uzavtoprom's press office said on Thursday. Full story...
Aug
19th

GM offering will face investors’ doubts on market share, profit

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General Motors Co. will have to convince investors to look past declining market share, less than a year of profitability and management new to the auto industry to buy shares in its initial public offering. GM, 61 percent owned by the U.S. Full story...
Aug
19th

BACKGROUNDER: GM’s SEC filing makes risks plain

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It takes little more than a glance at General Motors' 'Form S1' filing with the US Securities Exchange Commission (SEC) seeking approval for its initial public offering to see that the restructured automaker has had to be extremely frank about the risks it sees ahead and its future prospects. Full story...
Aug
19th

US [updated 12:55BST]: GM files IPO paperwork with SEC

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General Motors Company last night announced it had, as widely speculated earlier this week, filed a registration statement for an initial public stock offering (IPO) with the US Securities and Exchange Commission (SEC). The proposed public offering consists of a mix of common stock and series B mandatory convertible junior preferred stock, the automaker said. Full story...
Aug
19th

US: GM files IPO paperwork with SEC

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General Motors Company last night announced it had, as widely speculated earlier this week, filed a registration statement for an initial public stock offering (IPO) with the US Securities and Exchange Commission (SEC). The proposed public offering consists of a mix of common stock and series B mandatory convertible junior preferred stock, the automaker said. Full story...
Aug
19th

US: GM to spend US$20m on camshaft production

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General Motors is to invest US$20m in its Bay City, Michigan powertrain operation to produce camshafts for the next generation Ecotec engine, bringing new spending at the plant to US$62.5 million this year Full story...
Aug
19th

US: GM to spend US$20m on Ecotec camshaft production

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General Motors is to spend US$20m on its Bay City, Michigan powertrain operation to produce camshafts for the next generation Ecotec engine, bringing new investment at the plant to US$62.5m this year. Full story...
Aug
18th

GM files plan for stock offering:

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General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. Full story...
Aug
18th

US: GM may sell preferred stock alongside IPO – report

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General Motors may sell preferred stock alongside its initial public offering of common shares, according to a draft of its regulatory filing and two news agency sources briefed on the plan. Full story...
Aug
18th

CHINA: GM and SAIC plan new engine and transmission

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General Motors and SAIC Motor on Wednesday said they would expand their partnership to develop a new small-displacement petrol engine family and an "advanced" dual dry clutch automated transmission. Full story...
Aug
18th

US: Ford and GM top customer satisfaction index

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After the chaos that engulfed US carmakers in the wake of the economic crisis, Ford and General Motors have become a hit with consumers. Full story...
Aug
18th

GM and China’s SAIC deepen ties

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General Motors and China's SAIC Motor Corp. deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the fast-growing China market ahead of a highly anticipated IPO. Full story...
Aug
18th

GM said to consider sale of preferred stock along with its IPO

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General Motors Co. may sell preferred stock alongside its initial public offering of common shares, according to a draft of its regulatory filing and two people briefed on the plan. Full story...
Aug
17th

GM said to consider sale of preferred stock along with its IPO

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General Motors Co. may sell preferred shares alongside its initial public offering of common stock and won't sell any common shares itself, according to a draft of its regulatory filing and a person briefed on the plan. Full story...
Aug
17th

GM to recall more than 243,000 vehicles

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General Motors Co. said today it plans to recall more than 243,000 model year 2009/2010 crossover sport utilities, mainly in the United States, to inspect safety belts for possible damage. Full story...
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