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...

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44 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

11 hours ago

What you missed on 7.29.14

Jul 29 2014 6:34pm CDT | Source: Autoblog

2014 Mazda Miata goes Unplugged in new video It's Miata Month here at Autoblog, so join us as we celebrate a calendar page with the third generation of what just might be our favorite roadster ever. As we wave goodbye to Mazda's NC-generation MX-5 Miata ahead of greeting an all-new model later this year, we decided a proper sendoff had to include a top-down video with only the sights and sounds of the car ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
10

14 hours ago

New Review Says The Chevy Malibu Eco Is As Bad You Thought It'd Be

Jul 29 2014 4:10pm CDT | Source: Jalopnik

When Chevy debuted the 2014 Malibu , I pointed out that looked like GM had done nothing to fix the soul-crushing mediocrity of the last version. Now real-world reviews are coming out and it looks like the car is as bad as yo ...
Source: Jalopnik   Full article at: Jalopnik
 

 
Update
9

18 hours ago

Recall Alert: 414,000 GM Sedans, Sports Cars, SUVs

Jul 29 2014 11:23am CDT | Source: Cars.com

Vehicles Affected: More than 414,000 model-year 2011-12 Buick LaCrosse and Regal sedans, and Chevrolet Camaro sports cars, and 2010-12 Cadillac SRX, Chevrolet Equinox and GMC Terrain SUVs, all equipped with power height adjustable driver and passenger seats The Problem: The bolt that secures the driver and passenger power front-seat height adjuster may fall out, causing the seat to drop to the lowest vertical position. If the driver's seat unexpectedly drops, the distraction ...
Source: Cars.com   Full article at: Cars.com
 

 
Update
8

19 hours ago

Suzuki recalling 26,000 GM-made Verona sedans over possible fire risk

Jul 29 2014 11:11am CDT | Source: Driving Canada

The now defunct automotive arm of Suzuki is recalling 26,000 cars south of the border over an issue with daytime running light modules. The recall is centred around modules that could overheat and cause a fire in certain Verona midsize sedans from 2004 to 2006. Suzuki previously called back models of the Forenza hatchback and the Reno subcompact for the same issue. Suzuki says a transistor in the module, located ...
Source: Driving Canada   Full article at: Driving Canada
 

 
Update
6

19 hours ago

2015 Ford F-Series Super Duty Power Stroke

Jul 29 2014 11:11am CDT | Source: Autoblog

Filed under: Truck, Work, Ford, First Drives What weighs 30,000 pounds? Big Ben's Westminster bell. A navy ship anchor. Or as we found out during our first drive program for the 2015 Ford F-Series Super Duty, seven pallets of cinder blocks loaded onto a dual-axle gooseneck trailer. The test was part of a raft of towing demonstrations that showcased the new Super Duty's impressive tug capacity, whic ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
5

20 hours ago

Cadillac ATS-L

Jul 29 2014 10:00am CDT | Source: Top Speed

The ATS was launched in 2013 as Cadillac’s smallest sedan yet. Aimed at the BMW 3 Series, Audi A4 and the Mercedes-Benz C-Class, the ATS was the first vehicle to ride on GM’s Alpha platform, which would later underpin the larger, third-generation Cadillac CTS. Three engines have been offered since its introduction, including a 202-horsepower, 2.5-liter four-banger as the entry-level plant; a turbocharged, 2.0-liter with 272 ponies in the ...
Source: Top Speed   Full article at: Top Speed
 

 
Update
4

1 day ago

GM dogged by recalls, lingering dealer disputes in Canada

Jul 29 2014 12:34am CDT | Source: Automotive News

A wave of recalls, lingering disputes with dealers after its 2009 bankruptcy, and weak pickup volume are undermining GM's sales in Canada, the c ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
3

1 day ago

GM, Toyota plan to resume production in South Africa

Jul 28 2014 3:14pm CDT | Source: Automotive News

GM and Toyota plan to resume production on Tuesday in South Africa and the nation's largest union agreed to end a four-week strike in the metals sector after accepting a wage increase offer from ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
2

1 day ago

Week two: 2014 Ram 1500 Laramie EcoDiesel

Jul 28 2014 10:49am CDT | Source: Driving Canada

2014 Ram 1500 Laramie EcoDiesel Crew Cab. PHOTO: Derek McNaughton, Driving 2014 Ram 1500 Laramie EcoDiesel Crew Cab. PHOTO: Derek McNaughton, Driving The four and seven pin connector on the 2014 Ram 1500 Laramie EcoDiesel Crew Cab. PHOTO: Derek McNau ...
Source: Driving Canada   Full article at: Driving Canada
 

 
Update
1

1 day ago

Polaris Slingshot hits the road on all three wheels [w/videos]

Jul 28 2014 8:43am CDT | Source: Autoblog

Filed under: Performance, Videos, MISC If there's one thing that the likes of Morgan and Campagna have taught us, it's that a three-wheeled roadster can be one heck of a fun ride, bringing together the best elements of a motorbike and a sports car (albeit with none of the practicality). And now they've got a new challenger on their hands in the form of the Slingshot. The Polaris Slingshot has been ...
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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