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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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
11

6 hours ago

Chevy's Hilarious Video Series Will Help You Find Your Inner 'Truck Guy'

Oct 31 2014 10:15am CDT | Source: Jalopnik

A little irreverence is exactly what truck marketing has been missing, and GM's new videos shilling the 2015 Chevy Colorado do a perfect job acknowledging the silliness of truck ownership while making it sound undeniably ap ...
Source: Jalopnik   Full article at: Jalopnik
 

 
Update
10

1 day ago

GM lawsuit poses danger to future bailouts, Treasury says

Oct 30 2014 4:19pm CDT | Source: Automotive News

The U.S. Treasury says confidential information it received during the GM bailout should stay secret, otherwise at-risk companies needing government help in the future mi ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
9

1 day ago

World Series MVP Madison Bumgarner Wins Chevy Colorado, but #ChevyGuy Wins the Internet

Oct 30 2014 12:48pm CDT | Source: Car and Driver

Not everyone is cut out for public speaking. People who are good at it make it look easy, but if you’re not a natural, the stress can be debilitating. Now put someone from the latter category on live national TV next to the World Series MVP. Things may not go as originally scripted. Such was the case for Chevy sales and marketing regional zone manager Rikk Wilde, who got the call to present San Fran ...
Source: Car and Driver   Full article at: Car and Driver
 

 
Update
8

1 day ago

Review: 2015 Cadillac ATS Coupe

Oct 30 2014 11:05am CDT | Source: Autoblog

Filed under: Coupe, Cadillac, GM, Luxury Cadillac has become a very, very different company since the dawn of the new millenium. Its turn-of-the-century lineup, consisting of staid offerings like the Seville, DeVille and Eldorado, represented the Old Cadillac. These cars were plagued with Old GM quality issues and catered to a more elderly audience. Since the company's Art and Science design language arrived, though, we ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
6

1 day ago

Spy Shots: SRX-replacing Cadillac XT5 spied for the very first time

Oct 30 2014 8:36am CDT | Source: Autoblog

Filed under: Spy Photos, Crossover, Cadillac, Luxury Cadillac has got big plans in place to revitalize its lineup, with new sedans, coupes and crossovers. And it all starts with this, the replacement for the SRX. Expected to be called XT5 in line with the brand's new naming scheme, the crossover will be based on a scalable new platform called C1XX - or Chi, for short. In its shorter form, Chi is anticipated to underpin ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
5

2 days ago

Official: Chevy showcases four concepts at Sao Paul

Oct 29 2014 2:01pm CDT | Source: Autoblog

Filed under: Concept Cars, Chevrolet, Misc. Auto Shows, South America Chevrolet has rolled in to Sao Paulo this year with not one, not two, but four new concept cars. Only by concept cars, in this case we mean concept versions of existing production models. Arguably the most exciting among them is the Onix Track Day concept. It's based on the Onix hatchback which GM offers exclusively in Latin America (not to be confused with the Peugeot Onyx concept). This Onix has been upgraded with ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
4

2 days ago

2016 Chevy Volt will not need premium gas

Oct 29 2014 10:43am CDT | Source: Autoblog

Filed under: EV/Plug-in, Hybrid, Chevrolet, AutoblogGreen Exclusive Buried in the new technical details of the 2016 Chevy Volt released yesterday was a throwaway line about a small but important change that's due to the new 1.5-liter, four-cylinder engine. The first-gen Volt has always required premium gas but the new powerplant will be happy burning plain old regular. The Volt's chief engineer, Andrew Farah, told AutoblogGreen that the change was due to today's V ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
3

3 days ago

Report: Detroit 3 small cars lay an egg in latest Consumer Reports reliability study

Oct 28 2014 1:35pm CDT | Source: Autoblog

Filed under: Chevrolet, Chrysler, Dodge, Ford Consumer Reports has released its Annual Auto Reliability Survey and the results are, in a word, interesting. While we already covered the score-damaging effects of infotainment systems, there's another big angle to the data that's getting some attention - the utterly dismal scores of the Detroit Three's small car offerings. The turbocharged Dodge Dart and Chevr ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
2

3 days ago

Cadillac ATS-V Coupe: This Is It

Oct 28 2014 9:21am CDT | Source: Jalopnik

"It'll kill the BMW M3." That's the totally original sentence that GM's Mark Reuss previously said about the Cadillac ATS-V. Nobody has ever tried to kill the BMW M3 before. No sir. And while we don't yet have full specs, we do have these: The first ever pictures of the ATS-V Coupe. And it has the look to scare the shit out of ...
Source: Jalopnik   Full article at: Jalopnik
 

 
Update
1

3 days ago

Next-gen Chevy Volt will get 1.5-liter, four-cylinder engine

Oct 28 2014 7:53am CDT | Source: Autoblog

Filed under: EV/Plug-in, Hybrid, Chevrolet As General Motors gets ready to unveil the new Chevy Volt at the Detroit Auto Show in January, it's starting to reveal a few more details about the updated plug-in hybrid. Today should be fruitful on that front, thanks to an event GM is hosting today that focuses on the new Volt, and we've just had the first bit of new: a bigger engine is coming ...
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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