11 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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49 weeks 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
11

3 hours ago

GM says early orders surge for Colorado pickup

Sep 2 2014 6:25pm CDT | Source: Automotive News

Chevrolet dealers requested nearly 30,000 Colorado pickups in the month since GM began taking orders for the midsize truck -- about five times more than the c ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
10

4 hours ago

Grainy Colorado: Chevy Sculpts New Mid-size Pickup Out of Sand

Sep 2 2014 4:53pm CDT | Source: Car and Driver

First things first. The best thing to happen in San Diego during the Labor Day weekend was the Drive Like Jehu reunion show in Balboa Park, which found the angular rock geniuses accompanied by the gigantic, century-old Spreckels Organ. Everything else of note was simply vying for second place, including the annual U.S. Sand Sculpting Championships. Since Chevrolet apparently couldn’t get (or more likely didn’t try to get) Jehu frontman and noted artist Rick Froberg to dr ...
Source: Car and Driver   Full article at: Car and Driver
 

 
Update
9

11 hours ago

How to Clean Up Spills in the Car

Sep 2 2014 9:46am CDT | Source: Cars.com

When you're traveling with family in the car, at some point you're going to be faced with cleaning up a spill. If you're lucky, the spill will be harmless, like water, or maybe even pleasantly aromatic, like peppermint tea. But let's get real: The majority of us have had to deal with spilt milk from leaky sippy cups that have rolled under the car's seats, only to be found when the nuclear stench assaults our senses. Or ...
Source: Cars.com   Full article at: Cars.com
 

 
Update
8

12 hours ago

Your GM Car Will Soon Know When You're Texting (And Tell You To Stop)

Sep 2 2014 8:33am CDT | Source: Jalopnik

A decade ago, you'd assume that the idiot on the highway in front of you weaving back and forth across the yellow lines was drunk. Today, there's a pretty good chance that they're just trying to navigate some particularly complicated emoji. GM wants to stop the madness, and ...
Source: Jalopnik   Full article at: Jalopnik
 

 
Update
6

13 hours ago

$30,000 Dealer Markup On Camaro Z/28 Pushes Price To $106,165

Sep 2 2014 8:00am CDT | Source: Jalopnik

The Camaro Z/28 is one of the greatest muscle cars that GM ever produced. It has a 7.0L V8 cranking out 505 hp and is equally capable on the drag-strip as well as a road course. It's so good that one LA car dealer thinks someone will pay $30,000 over sticker price.R ...
Source: Jalopnik   Full article at: Jalopnik
 

 
Update
5

1 day ago

General Pedaler: GM Introduces Free Bike Sharing Program at Michigan Tech Center

Sep 1 2014 3:36pm CDT | Source: Car and Driver

Look out, Google: Enough General Motors employees wanted to arrive at meetings covered in sweat that the company has introduced a bike-sharing program. Okay, a desire for damp, winded employees probably had less to do with GM’s decision than the rising popularity of active-workplace programs, but still—up here in Michigan, it’s pretty warm outside. Employees can now pedal across 330 acres of GM’s technical center in Warren, Michigan, instead of driving ...
Source: Car and Driver   Full article at: Car and Driver
 

 
Update
4

2 days ago

Why GM struggles in Japan

Aug 31 2014 12:01am CDT | Source: Automotive News

Selling General Motors' U.S.-built vehicles in Japan has never been easy and these days it is harder than ever. GM's lineup is paltry and its lackluster brand images were further tarnished by the company's bankruptcy in 2009 and recalls this y ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
3

3 days ago

GM, museum to restore 3 of 8 prized 'Vettes damaged by sinkhole

Aug 30 2014 12:15pm CDT | Source: Automotive News

GM and the National Corvette Museum will restore three of eight prized Chevrolet Corvettes damaged in February when they tumbled into a giant sinkhole that developed beneath the floor of the museum in Bowling Green, K ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
2

5 days ago

2015 GMC Yukon XL Denali Long-Term Intro: It’s Mega Supreme

Aug 28 2014 5:49pm CDT | Source: Car and Driver

Astute marketing by GM has split the fraternal truck twins Chevrolet and GMC into different market segments, at least in the typical consumer’s mind. In the full-size-SUV category, an invisible wall stands between the value-conscious Chevy Tahoe and Suburban and the better-dressed GMC Yukon and Yu ...
Source: Car and Driver   Full article at: Car and Driver
 

 
Update
1

5 days ago

Chevy announces new Z71 package for Tahoe and Suburban

Aug 28 2014 5:38pm CDT | Source: Autoblog

Filed under: SUV, Chevrolet After what we're guessing was an unintentional leak via a press photo, Chevrolet has confirmed that it will be offering its long-lived Z71 trim on both the 2015 Tahoe and Suburban. The company wouldn't offer any additional details on what the packages would add to the full-size, body-on-frame SUVs, instead indicating that a more formal announcement that would be made in late September. The Z71 t ...
Source: Autoblog   Full article at: Autoblog
 

 

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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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