gm bankruptcy

U.S. Sells Remaining GM Stock

By Kelsey Mays  on December 10, 2013


Remember TV commercials in early 2010 where GM's then-CEO Ed Whitacre proclaimed the automaker had paid back its loans in full? Though technically accurate — the automaker repaid $8.1 billion in loans from the U.S. and Canadian government in April… Read More

U.S. Sells Remaining GM Stock

By Kelsey Mays  on December 10, 2013

Remember TV commercials in early 2010 where GM's then-CEO Ed Whitacre proclaimed the automaker had paid back its loans in full? Though technically accurate — the automaker repaid $8.1 billion in loans from the U.S. and Canadian government in April… Read More

U.S. Government To Sell All GM Stock

By Aaron Bragman  on December 19, 2012

Within the next 12-15 months, you won’t have "Government Motors" to kick around anymore — the federal government and GM have announced a plan for the U.S. to begin selling its remaining stake in the automaker, starting today with a… Read More

What Are Pontiac Owners Buying Today?

By Colin Bird  on March 11, 2011

Has it been nearly two years since General Motors filed for bankruptcy protection? Yes indeed. The automaker filed Chapter 11 in June 2009, and with that, the fates of Hummer, Saturn and Pontiac were sealed. The most important of those… Read More

GM is Profitable a Year After Bankruptcy

By David Thomas  on February 24, 2011

General Motors reported its first full year of profitability today, making 2010 the first time the automaker has posted profits since 2004. The company's Chief Financial Officer Chris Liddell said it was GM's best year in a decade. It's hard… Read More

Report: Ford Took Federal Funds, Too

By David Thomas  on December 1, 2010

While Ford was making noise about not taking federal bailout money, they and other major automakers (both foreign and domestic) got federal aid to the tune of tens of billions of dollars when the economy tanked in 2008. Yesterday, the… Read More

GM Thanks Public for Bailout in Holiday Ad

By Colin Bird  on November 24, 2010

Just 16 months after emerging from bankruptcy, General Motors is again a publicly traded company and expects its first full year of profit since 2004. With the company in such good shape, the automaker will thank the public for their… Read More

GM IPO Set; You Buying?

By David Thomas  on November 2, 2010

General Motors  announced today that it is filing a public offering of stock Nov. 18 and that the price of the common stock will be between $26 and $29 a share. The sale comes nearly two years since President George… Read More

GM Files IPO, Announces Future Product Plans

By David Thomas  on August 17, 2010

Today, General Motors filed its plans with the Securities and Exchange Commission to go public. The initial public offering of stock will be approved by the government agency with a future date set. Prices and the amount of shares will… Read More

GM Readies Stock Offering

By David Thomas  on June 22, 2010

The Detroit News reports that General Motors is planning to launch a public stock offering as early as next week. If that news is correct, the offering would happen months sooner than most analysts and officials had predicted.   Most… Read More

A Year Later, GM Bankruptcy Resonates With Car Shoppers

By David Thomas  on June 1, 2010

Today is the one-year anniversary of General Motors filing for its federally backed bankruptcy and restructuring. To see how consumer behavior has been affected, Cars.com conducted a survey of more than 1,000 people and found that a year later, 32%… Read More