12 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...

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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.

 
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3 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 ...
Source: CNET Car Tech   Full article at: CNET Car Tech
 

 
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3 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 a ...
Source: Autoblog   Full article at: Autoblog
 

 
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3 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 buyers are keen on, a range of updates... ...
Source: The Car Connection   Full article at: The Car Connection
 

 
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3 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 buyers are keen on, a range of u ...
Source: The Car Connection   Full article at: The Car Connection
 

 
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3 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 gr ...
Source: The Car Connection   Full article at: The Car Connection
 

 
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3 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 require those shiny rollers. READ MORE ›› ...
Source: Car and Driver   Full article at: Car and Driver
 

 
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3 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-on ...
Source: Automotive News   Full article at: Automotive News
 

 
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3 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 us ...
Source: Driving Canada   Full article at: Driving Canada
 

 
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3 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 Manc ...
Source: Autoblog   Full article at: Autoblog
 

 
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3 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 boring? Photo Credit: Opel]Read ...
Source: Jalopnik   Full article at: Jalopnik
 

 

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<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.

 

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