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Tag Archives: GM

New GM ignition switch suit starting

NEW YORK — Weeks after the first New York trial over General Motors’ faulty ignition switch controversy ended prematurely, a new one is set to start. The Manhattan federal court trial that begins on Monday is meant to define legal ...

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GM investing $100M in Rochester plant

General Motors Corp. is investing $100 million to manufacture fuel-injection technology at its Rochester plant in upstate New York, securing hundreds of existing jobs and creating 30 new ones.

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GM posts 4Q net profit as comeback continues

DETROIT — In an impressive comeback from bankruptcy, General Motors last year posted its first annual profit since 2004, putting the company on pace to repay more of the taxpayer bailout and even recapture the title of No. 1 global automaker this year.

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Saudi billionaire buys 1 percent stake in GM

CAIRO — Saudi billionaire Prince Alwaleed bin Talal says he has invested $500 million in General Motors, the U.S. auto giant whose shares returned to trading last week after its bankruptcy and bailout by Washington.

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A year after bankruptcy, GM plans stock sale

DETROIT — Thirteen months ago, General Motors was fighting for its life in bankruptcy court. Now, the automaker is laying the groundwork to sell stock to the public once again with the eventual goal of ridding itself of government ownership.

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AP Source: GM likely to file IPO papers this week

DETROIT (AP) — General Motors Co. is likely to file paperwork this week that describes its plan to sell shares to the public, a person familiar with the matter said Friday, Aug. 13.

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GM CEO expects good demand for shares

TRAVERSE CITY, Mich. — Demand for General Motors Co. stock should be good once the company decides to offer its shares to the public, CEO Ed Whitacre said Thursday.

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GM to invest $890 million, keep 1,600 jobs

DETROIT — General Motors Co. will invest $890 million at five factories to make its V-8 engines more fuel efficient, preserving or creating roughly 1,600 jobs. The automaker planned to announce the investments ...

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