March 14, 2016 Comments Off on 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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Read More »April 12, 2011 Comments Off on 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.
Read More »February 24, 2011 Comments Off on 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.
Tagged with: GM
Read More »November 23, 2010 Comments Off on 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.
Tagged with: GM investment
Read More »August 19, 2010 Comments Off on 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.
Tagged with: Bankruptcy GM IPO
Read More »August 13, 2010 Comments Off on 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.
Read More »August 5, 2010 Comments Off on 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.
Read More »May 18, 2010 Comments Off on Old GM sites to receive cleanup funds
WASHINGTON, D.C. — The Obama administration on Tuesday proposed a trust fund of more than $800 million to pay for the clean up of closed General Motors sites in 14 states.
Tagged with: GM Obama administration
Read More »April 27, 2010 Comments Off on 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 ...
Tagged with: GM investment Jobs
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