10 Updates
Federal Government Reduces Stake in General Motors to 7.3%

Federal Government Reduces Stake in General Motors to 7.3%

Sep 19 2013, 1:30pm CDT | by

, US government sells off more GM stock

The United States treasury has recently sold another block of stock shares it owns in General Motors. This is part of the stock that the federal government purchased when it bailed GM out during the...

Filed under: news

 
 
 

1 year ago

Federal Government Reduces Stake in General Motors to 7.3%

Sep 19 2013, 1:30pm CDT | by

, US government sells off more GM stock

The United States treasury has recently sold another block of stock shares it owns in General Motors. This is part of the stock that the federal government purchased when it bailed GM out during the financial crisis a few years ago. With the latest selloff of GM stock, the government has reduced its stake in the company to 7.3%.

The U.S. Treasury sold more than 110 million shares between may six and September 13. The selloff of stock raised over $3.82 billion. After the selloff, the federal government owns 101 million shares of stock.

The US government took a 60.8% stake in GM for $49.5 billion when the government bailed out the company in 2009. The government has recovered about $35.4 billion the investment so far.

 
Update
10

6 weeks ago

Automotive oddities at SEMA 2014 (pictures)

Nov 4 2014 6:35pm CST | Source: CNET Car Tech

The annual SEMA automotive aftermarket show in Las Vegas features plenty of modern, customized cars, but there are more than a few odd sights round the halls. Check out a rare GM Futureliner, big wheels and vintage custom rid ...
Source: CNET Car Tech   Full article at: CNET Car Tech
 

 
Update
9

6 weeks ago

SEMA: 1971 Chevy Corvette Jimmie Johnson Concept is a modern classic [w/video]

Nov 4 2014 5:01pm CST | Source: Autoblog

Filed under: Aftermarket, SEMA Show, Classics, Coupe, Performance, Videos, Chevrolet, Celebrities The Autoblog staff is full of men and women who love cool cars, whether they are old or new, foreign or domestic. And there's a special place in our hearts for the Chevrolet Corvette, which has stood out as a performance icon at a benchmark price since well before the 1971 model you see above rolled off the assembly line in Kentucky. Thing is, ti ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
8

6 weeks ago

2015 Toyota Tundra

Nov 4 2014 4:51pm CST | Source: The Car Connection

The 2015 Toyota Tundra is not a primary player in the ultra-competitive pickup world. In fact, it’s more of a loyalty offering to Toyota fans—it’s not winning away many buyers from Ford, GM, or Ram trucks. Although it doesn’t stand out in any of the categories that pickup buyer ...
Source: The Car Connection   Full article at: The Car Connection
 

 
Update
7

6 weeks ago

2015 Toyota Tundra

Nov 4 2014 4:51pm CST | Source: The Car Connection

The 2015 Toyota Tundra is not a primary player in the ultra-competitive pickup world. In fact, it’s more of a loyalty offering to Toyota fans—it’s not winning away many buyers from Ford, GM, or Ram trucks. Although it doesn’t stand out in any of the categories that p ...
Source: The Car Connection   Full article at: The Car Connection
 

 
Update
6

6 weeks ago

2015 Nissan Frontier

Nov 4 2014 3:47pm CST | Source: The Car Connection

With the compact pickup segment significantly reduced in size over the past decade—despite the re-entry of mid-size offerings from GM—the Nissan Frontier is one of the last stalwarts of this small but highly functional portion of the pickup market. The Frontier itself has grown over the years, but fo ...
Source: The Car Connection   Full article at: The Car Connection
 

 
Update
5

6 weeks ago

2015 Chevrolet Corvette Convertible: First Test Numbers with GM’s In-House Octo-cog Automatic

Nov 4 2014 3:28pm CST | Source: Car and Driver

No sports car should have chrome wheels. The 2015 Chevrolet Corvette Stingray convertible you see here does. It also has an automatic transmission, GM’s new in-house designed and -built eight-speed unit, which replaces last year’s six-cog piece carried over from the C6 Corvette. The new transmission has two things going for it: First, it has more speeds in an era where more is more, and second, ordering it doesn’t requ ...
Source: Car and Driver   Full article at: Car and Driver
 

 
Update
4

6 weeks ago

GM axes U.S. version of Chevy Captiva Sport -- a fleet staple

Nov 4 2014 10:45am CST | Source: Automotive News

GM has discontinued the U.S. version of the Chevrolet Captiva Sport, ending a three-year run for the fleet-only small ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
3

6 weeks ago

SUV Review: 2015 Cadillac SRX Luxury Collection AWD

Nov 4 2014 10:34am CST | Source: Driving Canada

Overview Mid-sized upscale SUV Pros Stylish, comfortable, well-priced Cons Tight rear-seat legroom; complicated CUE infotainment system Value for money Fair What would I change? Increase rear-seat legroom; simplify CUE How I would spec it? SRX Luxury Collection I don’t know about you, but when it comes to the Cadillac brand and SUVs, the SRX isn’t what immediately springs to my mind. Maybe it’s all the videos I used to see on MTV or, more likely, their increased use ...
Source: Driving Canada   Full article at: Driving Canada
 

 
Update
2

6 weeks ago

Report: Manchester United stars spurning free Corvettes and Camaros

Nov 4 2014 7:46am CST | Source: Autoblog

Filed under: Performance, Marketing/Advertising, Chevrolet, GM, UK, Celebrities High-profile soccer players, or footballers as they're known outside the US, in the English Premier League are known for two things - excellent footwork and a propensity for writing off a wide variety of high-dollar automobiles. Considering their questionable driving talents, then, we'd think the fact that the players of Chevrolet-sponsored Manchester United are ignoring the team's free fleet ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
1

6 weeks ago

[GM could not have been more proud of its burst into the aerodynamic world with the Opel Calibra at

Nov 3 2014 5:16pm CST | Source: Jalopnik

[GM could not have been more proud of its burst into the aerodynamic world with the Opel Calibra at the tail end of the '80s. Has it aged well, or is the midsize coupe just painfully bor ...
Source: Jalopnik   Full article at: Jalopnik
 

 
 

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Shane is a self described car aficionado. He loves muscle cars, but also knows how green cars work. He has years of experience in testing cars and writes about cars with deeply felt emotions.

 

blog comments powered by Disqus

Latest stories

Where to Find Black Friday Car Deals
Where to Find Black Friday Car Deals
Black Friday 2014 Car sales kick off today at car dealership. Here are the hottest Car Black Friday sales and deals to look for.
 
 
The Black Friday 2014 Sales You can Shop Today 11/26
The Black Friday 2014 Sales You can Shop Today 11/26
Over 20 Black Friday 2014 sales are already launched. Get the deals early to get your head free for the hard to get Black Friday deals to be released on Thanksgiving Day.
 
 
IPad Air Giveaway 2014 is Online
IPad Air Giveaway 2014 is Online
Our sister site I4U News is giving away a brand new iPad Air or if you can wait an iPad Air 2. This is an $499 value.
 
 
Your Parent Or Kid Moved In: Are You Covered?
A record 57 million Americans now live in multigenerational family households — double the number in 1980, according to a new Pew Research Center study. And I bet many of them have the wrong homeowner’s or renters...
 
 
 

Latest from the Network

Australian researcher discovers first artwork by early human
Sydney, Dec 4 (IANS) An Australian researcher has discovered what is believed to be the first artwork created by a human. The simple zigzag pattern found on a fossilized shell from the Indonesian island of Java has...
Read more on Celebrity Balla
 
Insects compete with rats to clear garbage
New York, Dec 4 (IANS) Insects play a very important role in cleaning up cities and they compete with other pests like rats and pigeons in their endeavour, a study has said. Scientists sampled arthropods - such as...
Read more on Business Balla
 
School headmaster shot dead in Pakistan
Islamabad, Dec 4 (IANS) Unidentified gunmen Thursday killed the headmaster of a private school in Pakistan's Balochistan province. Police officials said the armed men opened fire at the vehicle of Zahid Ali,...
Read more on Politics Balla
 
Four more bodies recovered from sunken South Korean ship
Seoul, Dec 4 (IANS) Four more bodies were recovered Thursday from a sunken South Korean fishing ship in the Bering Sea, the foreign ministry here said. This increased the toll to 16, including six South Koreans and 10...
Read more on Politics Balla
 
Lesbian couple asked to desist in London restaurant
London, Dec 4 (IANS) A lesbian couple in a London restaurant was asked to desist by a staff member, who asked them to "stop what you are doing". Lydia Cawson, 29, said that she and her girlfriend were asked by a staff...
Read more on Politics Balla
 
Oxford Dictionaries to add 1,000 new words
London, Dec 4 (IANS) 'Mamil' (middle-aged man in Lycra), 'silvertail' (a person who is socially prominent or who displays social aspirations) and 'crony capitalism' are among the 1,000 new words to be added to...
Read more on Celebrity Balla
 
Oceans play key role in global 'warming hiatus'
London, Dec 4 (IANS) Increased heat uptake across three oceans - North Atlantic, the Southern Ocean and Equatorial Pacific Ocean - is the likely cause of the 'warming hiatus' -- the current decade-long slowdown in...
Read more on Politics Balla
 
Novel imaging to identify if TB drugs are working
Washington, Dec 4 (IANS) Tuberculosis patients who are not cured of the infection can develop multi-drug resistant TB and have to take as many as six drugs for two years. Now, researchers at University of Pittsburgh...
Read more on Business Balla
 
PM makes first appointment to High Court of Australia
Canberra, Dec 4 (IANS) Prime Minister Tony Abbott's government Thursday appointed former Victorian Supreme Court judge Geoffrey Nettle as the next Justice of the High Court of Australia. Attorney General George...
Read more on Politics Balla
 
18 suspected militants killed in Pakistan airstrikes
Islamabad, Dec 4 (IANS) At least 18 suspected militants were killed Thursday in airstrikes conducted by Pakistan Air Force fighter jets in North Waziristan. According to officials, the airstrikes were conducted in...
Read more on Politics Balla