Cars
When should one sell their stocks? Well, that’s a question faced by each and every stock holder around the globe. The U.S. Department of the Treasury, which after the 2009 bailout, owns 32 percent of General Motor stock, has been deliberating the issue for some time and decided to take action today.
- U.s. Government Sells 22 Million Gm Shares, Still Owns 13.8%
The U.S. Treasury sold 22 million GM shares and wants to offload another 30 million shares of GM common stock in a 50-million-share offering that also includes a sale by the UAW union’s GM retiree health-care trust, the second-biggest shareholder...
- Obama Administration Pondering On How To Unload Its 32 Percent Stake In Gm
During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM. The bailout has been a hotly debated issue,...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Gm Sells Leftover Suzuki Stake To Raise Cash
While awaiting a decision on a $25 billion U.S. government aid for the auto industry, cash-strapped General Motors decided to sell back its 3.0 percent stake in Suzuki Motor Cooperation for 22.37 billion yen or $230 million. Suzuki issued an official...
- Vw Overtakes Toyota As World’s Largest Automaker By Value
No thanks to the collapse of the U.S. mortgage market, Toyota lost its place today as the world’s largest automaker by stock value to the VW Group. While the closing of the Tokyo Stock Market saw Toyota declining nearly 5 percent to 3,710 yen,...
Cars
GM Plans to Buy Back 200 Million Shares from the U.S. Treasury for US$5.5 Billion
When should one sell their stocks? Well, that’s a question faced by each and every stock holder around the globe. The U.S. Department of the Treasury, which after the 2009 bailout, owns 32 percent of General Motor stock, has been deliberating the issue for some time and decided to take action today.
GM and the U.S. Treasury both announced on Wednesday that the former plans to buy back 200 million shares of its common stock for the price of US$27.50 per share, for a total of US$5.5 billion. The price agreed is, as GM notes, 7.9 percent above the closing price on December 18.
Read more »- U.s. Government Sells 22 Million Gm Shares, Still Owns 13.8%
The U.S. Treasury sold 22 million GM shares and wants to offload another 30 million shares of GM common stock in a 50-million-share offering that also includes a sale by the UAW union’s GM retiree health-care trust, the second-biggest shareholder...
- Obama Administration Pondering On How To Unload Its 32 Percent Stake In Gm
During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM. The bailout has been a hotly debated issue,...
- Fact Of The Day: Tesla Motors Worth Half Of Gm's Value!
We are more than aware that this doesn't mean squat in the real world, but nevertheless it's something worth noting. Last Wednesday's announcement that Mercedes-Benz parent company Daimler AG's paid $50 million US or about €37 million...
- Gm Sells Leftover Suzuki Stake To Raise Cash
While awaiting a decision on a $25 billion U.S. government aid for the auto industry, cash-strapped General Motors decided to sell back its 3.0 percent stake in Suzuki Motor Cooperation for 22.37 billion yen or $230 million. Suzuki issued an official...
- Vw Overtakes Toyota As World’s Largest Automaker By Value
No thanks to the collapse of the U.S. mortgage market, Toyota lost its place today as the world’s largest automaker by stock value to the VW Group. While the closing of the Tokyo Stock Market saw Toyota declining nearly 5 percent to 3,710 yen,...