GM
July 23, 2010 - 9:09am | News | Other themes
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General Motors has announced its intention to acquire a lender of auto loans AmeriCredit for $3.5 billion. According to company statement this can help it to lease more vehicles and increase sales to consumers with lower credit ratings.
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1 point
November 16, 2009 - 5:56am | News | Other themes
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The debate over how to revise fuel-economy sticker ratings to accommodate
new fuels continues, with auto shopping website Edmunds.com now asking
the government to mandate a figure based on the cost of a typical month of operation. |
0 points
October 29, 2009 - 5:20am | Law aspects | News
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China intends to take steps that could cause higher tariffs on imports of autos made by the U.S. automakers GM, Chrysler and Ford. Steve Collins, president of industry trade group the American Automotive Policy Council, announced Wednesday that China is expected to begin an investigation under anti-dumping laws into automakers industries’ business practices as soon as next week. China intends to slap tariffs on U.S. auto imports if the investigation discovers that the companies receive government subsidies, or sell products in China at below-market prices. |
0 points
October 23, 2009 - 5:17am | Articles | Figures
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The government whacked the compensation of top executives at General Motors Co., Chrysler LLC and their financial arms Thursday.
Kenneth Feinberg, an independent official named to make sure taxpayer money isn't feathering the nests of company bigwigs, also ordered deep cuts for insurance giant AIG and financial houses Bank of America and Citigroup.
In metro Detroit, the order was a sobering reminder of Washington's involvement in the car business.
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-1 points
October 6, 2009 - 4:12am | Figures | News
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 The Great Recession has turned into the best of times for young investor Daniel Lee.
Early this year, the 30-year-old salesman in Scottsdale, Ariz., shelved expensive meals and vacation plans and threw "every spare dollar" into the stock market. The value of his portfolio has more than tripled as the market has rallied since March.
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0 points
August 18, 2009 - 1:52am | Figures | News
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Tuesday the University of Michigan unveiled the results of the car sales research in the US, reflected sales to fall in 2009 compared to 2008 volumes, while consumer satisfaction remained at an all-time high.
Some of the biggest gains in consumer satisfaction was seen particularly in Detroit, with Ford Motor sales inched up by 5% compared to 2008 sales, followed closely by Chrysler, that rose by 4% and General Motors gaining 2% in sales.
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0 points
July 10, 2009 - 5:58am | News | Other themes
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According to a statement of the Treasury representative General Motors Corp.’s best assets bid is to be finished today. As it’s known, assets are to be sold to a new company that’s majority-owned by the US government.
GM intended to discuss its plans at a Detroit news conference at 9 a.m. Friday. The company was to review proposed products and management changes, including the retention of Bob Lutz, GM’s former automobile king, as a full-time executive, who retired at the end of 2008 at the age of 77.
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0 points
June 2, 2009 - 6:00am | News | Other themes
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The governments of Canada and Ontario will contribute about $10.5 billion as a financial aid to General Motors in order as they said to participate in the restructuring of the automaker.
$7 billion is a contribution from the governments of Canada and $3.5 billion will be received from Ontario. In return for this aid they will hold an 11.7 per cent stake in the equity of the restructured GM.
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0 points
June 1, 2009 - 4:02am | Markets | News
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Gold, boosted by dollar’s weakness and concerns about rising prices after governments throughout the world supported spending to attempt to rescue their national economies from the global financial collapse, hit a three-month high early On Monday.
As it had been expected, gold market reaction was muted to news that General Motors would file for bankruptcy protection on Monday. |
1 point
May 28, 2009 - 5:38am | Markets | News
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On Thursday gold edged down, posting its third day of losses, as dollar’s strength dulled some of bullion's sheen, but it remained within the previous session's range on weaker equities.
As the experts said gold was moving inversely to the U.S. dollar, and that any bounce in the currency was likely to affect the gold’s value, as investors view gold as a currency hedge.
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0 points
May 22, 2009 - 8:00am | Articles | Figures
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Gold was observed to held steady on Friday near a two-month high, due to the US dollar remaining weak and US data on jobless claims and business conditions denying hopes for a quick return to growth. Gold has already risen about 2.6 per cent this week, and is expected to rise further, as current prices prompt some to take profit while others halt investment in gold-backed exchange-traded funds. Gold reached as high as $US955.95 on Thursday, its highest since March 23 of $US966. |
-1 points
April 21, 2009 - 4:33am | News | Other themes
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On Tuesday independent oversight report on the Treasury Department's corporate rescue fund said, Chrysler LLC will get $500 million through the end of this month and General Motors Corp will obtain up to $5 billion through May as the government bailouts. With this aid the Obama administration intends to help Chrysler to reach an alliance with Fiat. As for GM, the administration wants to help the company’s restructure outside of bankruptcy.
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0 points
March 30, 2009 - 8:54am | News | Other themes
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White House and GM sources have stated that Rick Wagoner, General Motors Chief Executive, will be resigning so as the auto making holding could get more bail out money from government. A senior GM official revealed that the White House and its auto task force had "sent very clear signals" that "new leadership" and something that would show real change was the key factor in obtaining more help from the government.
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0 points
March 11, 2009 - 7:46am | News | Other themes
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Reuters reported that Google and Cisco Systems are currently the top candidate to join the Dow Jones Industrial Average in case Citigroup and General Motors, which are both currently trading below $2, are booted off.
Both Citigroup and General Motors are continuing to rise after substantial gains on Tuesday.
Google and Cisco are closely followed by Goldman Sachs (NYSE: GS), US Steel (NYSE: X), Visa (NYSE: V) and Apple (NASDAQ: AAPL).
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