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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52 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

8 hours ago

The only 4 compact pickups you can buy for under $25,000

Sep 18 2014 2:45pm CDT | Source: Driving Canada

If you’re head honcho at the construction site, a gold-grilled rapper sitting on 24s, or the king rancher in your province, you drive the big, expensive, one-ton leather-lined and chrome-happy pickup truck. If you’re not that person (we know you’re working up to that) but still need the utility of a small pickup, you still have a few options that will get the job done. Compact pickups are also good ...
Source: Driving Canada   Full article at: Driving Canada
 

 
Update
10

10 hours ago

Farewell To The Cadillac CTS-V, The Best Product Of Old GM

Sep 18 2014 12:54pm CDT | Source: Jalopnik

There was a brief period of time after the bailout and before the recall crisis where GM was filled with a spirit of "we can do better" before the reality of just how bad they'd been had fully sunk in. This golden era product many treasured products, including the new Corvette, but none of them are better than the Cadill ...
Source: Jalopnik   Full article at: Jalopnik
 

 
Update
9

10 hours ago

GM releases Canadian pricing for 2015 Chevy Colorado, GMC Canyon

Sep 18 2014 12:29pm CDT | Source: Driving Canada

GM has released Canadian pricing for its new-for-2015 Chevrolet Colorado and GMC Canyon midsize pickups. When the Colorado hits Chevy dealers later this year, it will do so with a $19,900 price tag, while the GMC Canyon will ring in slightly higher at $20,600. Both the base Colorado and Canyon will be powered by a 2.5-litre four-cylinder engine, rated at 200 horsepower. A six-speed manual comes standard, while a six-speed automatic is op ...
Source: Driving Canada   Full article at: Driving Canada
 

 
Update
8

12 hours ago

Recall Alert: 2011-2014 Chevrolet Express, GMC Savana

Sep 18 2014 10:49am CDT | Source: Cars.com

Vehicles Affected: More than 3,000 GM full-size cargo vans from the 2011-14 model years that run on compressed natural gas, including Chevrolet Express vans manufactured between Sept. 10, 2010, and April 28, 2014, and GMC Savana CNG vans manufactured between May 23, 2011, and April 21, 2014 The Problem: The vans may leak natural gas from the CNG high-pressure regulator, which in the presence of an ...
Source: Cars.com   Full article at: Cars.com
 

 
Update
6

1 day ago

Holden celebrating V8 Supercars legend Craig Lowndes with special Commodore

Sep 17 2014 9:19am CDT | Source: Autoblog

Filed under: Sedan, Performance, Holden, Australia Craig Lowndes is a household name in Australia. One of its most accomplished domestic racing drivers, Lowndes has racked up an impressive array of checkered flags over the course of his 20 years on the grid, and now Holden is celebrating his career with a special-edition muscle car you see here. The Craig Lowndes SS V Special Edition Commodore is ...
Source: Autoblog   Full article at: Autoblog
 

 
Update
5

1 day ago

GM adding third shift to meet Chevy Colorado, GMC Canyon demand

Sep 17 2014 8:38am CDT | Source: Driving Canada

GM will add another shift to its Wentzville, Missouri assembly plant to meet the demand of its all-new midsize pickups. So far, GM has received roughly 30,000 orders for the Chevrolet Colorado and GMC Canyon. In light of this, the automaker is adding a third shift to its Wentzville plant, which is also where the Chevrolet Express and GMC Savana full-size vans are assembled. The shift will add 750 new ...
Source: Driving Canada   Full article at: Driving Canada
 

 
Update
4

2 days ago

GM adding 3rd shift to Chevy Colorado, GMC Canyon plant in Missouri

Sep 16 2014 11:18am CDT | Source: Automotive News

GM will add a third production shift at a Missouri assembly plant where its new midsize pickups and commercial v ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
3

2 days ago

House report, citing 'critical mistakes,' blasts NHTSA

Sep 16 2014 10:57am CDT | Source: Automotive News

Federal auto safety regulators failed to detect GM's defective ignition switches despite having 'ample information' about the problem as early as 2007, according to a House committee investigatio ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
2

2 days ago

House report blasts NHTSA

Sep 16 2014 10:52am CDT | Source: Automotive News

Federal auto safety regulators failed to detect GM's defective ignition switches despite having 'ample information' about the problem as early as 2007, according to a House committee investigation into ...
Source: Automotive News   Full article at: Automotive News
 

 
Update
1

2 days ago

NHTSA boss says GM made 'incredibly poor decisions' on recalls

Sep 16 2014 7:52am CDT | Source: Automotive News

The top U.S. auto safety regulator harshly criticized GM for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a "new normal ...
Source: Automotive News   Full article at: Automotive News
 

 

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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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