General Motors Co said it would undertaking a share buyback of some of its preferred shares held by a United Auto Workers healthcare trust.
Tags: General Motors
Hayman Capital acquires stake in General Motors Co- source
A source told Reuters that hedge fund Hayman Capital has acquired a stake in General Motors and believes that the stock price of the automaker will soar once the US Treasury has exited its remaining stake in the firm.
GM denies problems with SAIC Motor Corp partnership
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
Peugeot choosing between GM and Dongfeng
Peugeot weighing options between a cost cutting partnership with GM or an expansion push with Dongfeng.
GM Nova Scotia's noteholders hit the jackpot
The noteholders of GM Nova Scotia used a local law loophole to allow its earnings to double from the bankruptcy proceedings.
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Fiat buys out GM to become sole owner of diesel engine manufacturer VM Motori. Fiat, the Italian carmaker, had laid out plans to takeover VM Motori, the Italian diesel engine manufacturer.
The Unifor union and GM Co. was able to meet and agree on the new collective bargain agreement. A tentative settlement on a new collective agreement between General Motors Co and Canda's Unifor union was reached to cover employee benefits for GM's CAMI assembly plant located in Ontario, Canada.
The Canadian government announced last Tuesday that it would sell 30 million General Motors common shares.
Peugeot unions voiced concerns in the proposed deeper tie-up plans for the company and General Motors.
GM set to expand its operations in Mexico. (Photo : Reuters)The image is a GM parking lot with recently manufactured vehicles in a row. Last Wednesday, General Motors Co had unveiled plans for the expansion of its Mexican operations, investing US$691 million into the country.
Consortium bids for Fisker at the fraction of the price. A group participated by Bob Lutz, a former Executive of General Motors Co together with the biggest parts maker in China is eyeing to acquire Fisker Automotive for US$20 million which is a percentage of the "green" car company's projected value in the last quarter of 2011, according to a report from Reuters.
GM's current share values surpass the pegged price for its IPO back in November 2010. In an announcement, Detroit car giant General Motors Co said that its current share values have surpassed their 2010 IPO prices.
The Department of Treasury will sell off its shares in Detroit carmaker General Motors. The US government has sold off a major portion of its shareholdings in General Motors Co.
GM, in a letter obtained by the Wall Street Journal, said it would increase its capital funding in the US compared to China.
