Tag Archives: GM
GM Cancels Request For $14.4 Billion DoE Loan
General Motors Company (NYSE:GM) is withdrawing a loan application today from the U.S. Department of Energy. The application was asking for $14.4 billion in direct loans from the Energy department. The government created a loan program called the Advanced Technology Vehicles Manufacturing Loan Program where $25 billion was available in direct DoE loans for companies that were revamping their factories to help improve fuel economy.
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Categories Chris Liddell, General Motors Company, GM
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General Motors Invests $5 Million In Powermat
General Motors Company (NYSE:GM) has invested $5 million into wireless charging mat start-up company Powermat. Powermat will be added in some of GM’s vehicles in the next year, including the 2012 Chevy Volt. The investment was made through GM Ventures.
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Categories General Motors, General Motors Company, GM, Powermat
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GM Becomes First Global Automaker To Sell Over 2 Million Vehicles In China
General Motors has announced that they sold over 2.3 million cars (2,351,610) cars in China. This makes GM the first global automaker to sell over 2 million vehicles in China. Shanghai GM has ended 2010 by selling about 1,033,307 Buicks and Chevys last year. SAIC-GM-Wuling contributed around 1,226,860 delivery vans. And FAW-GM sold around 88,224 trucks in China. [TTAC]
Categories General Motors, GM
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First Chevrolet Volt Sells For $225,000 In Charity Auction Benefiting Detroit Public Schools
General Motors Company (NYSE:GM) has placed the first Chevrolet Volt ever built in a charity auction with the proceeds going towards the math and science programs at the Detroit public schools. The auction ended on December 14th and it sold for $225,000. “Every aspect of the Volt – from its aerodynamic shape to its battery chemistry – is a testament to the importance of math and sciences,” stated GM North America President Mark Reuss. “By encouraging Detroit-area students to pursue these topics, we hope to cultivate the next generation of engineers who will build upon the Volt’s innovative technologies.” The auction took place on BidOnTheVolt.com.
Categories Chevrolet, Chevrolet Volt, General Motors Company, GM
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The Largest Recalls In History [INFOGRAPHIC]
A few days ago Volvo and Ford had to recall over 18,000 vehicles in China. But that is nothing compared to the recalls that Toyota, GM, Ford, etc. have had not too long ago. Below is an infographic with some of the biggest recalls in history.
[via VisualLoop]
Categories Ford, Ford Motor Company, General Motors Company, GM, Infographics, Toyota, Volkswagen
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GM’s IPO Was The World’s Biggest
General Motors Company (NYSE:GM) had the world’s biggest IPO last week after underwriters bought additional shares. The added shares that were purchased had helped GM slide past Agricultural Bank of China’s $22.1 billion IPO this past July. The underwriters were led by Morgan Stanley, JPMorgan Chase & Co., Bank of America Merrill Lynch, and Citigroup Inc. These underwriters had exercised their full option of on an additional 71.7 million common shares that were worth $2.37 billion.
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Categories General Motors Company, GM
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GM’s Releases New “We All Fall Down” Commercial [VIDEO]
General Motors Company (NYSE:GM) has launched a new commercial on Thanksgiving Day that had a theme called “We all fall down.” Towards the end of the ad, it says “Thank you for helping us get back up.” GM has its fair share of critics and cheerleaders. Some people are outraged by the bail-out and some people are gung-ho about it. Personally I like it when large companies that provide jobs to a lot of American workers make a come-back.
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Categories General Motors Company, GM
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GM Investing $163 Million In Flint, Bay City, and Ohio Plants
General Motors Company (NYSE:GM) has announced that they are investing $163 million in three manufacturing plants across Michigan (Bay City and Flint) and Ohio (Defiance). The money will be spent to expand engine production for the Chevy Volt and the Chevy Cruze.
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Categories General Motors Company, GM
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Saudi Prince Al-Waleed bin Talal Owns About 1% Of General Motors
Prince Al-Waleed bin Talal, a member of the Saudi Royal Family, is worth about $19.4 billion. He is considered to be the 19th richest person in the world. He earned a lot of his wealth from the stock market. In the 1990s, he invested about $550 million in Citigroup. He now owns about $1 billion worth of Citigroup. Later Talal also made investments in Apple, AOL, MCI, Motorola, and News Corp. He also has large stakes in Four Seasons and the Plaza Hotel in New York.
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General Motors Has Orders For $60 Billion In Stock [REPORT]
On Thursday, General Motors CEO Dan Akerson is expected to ring the bell at the New York Stock Exchange for GM’s return to trading. This is happening about 17 months after their filing for bankruptcy protection. GM will trade under the symbol GM in New York and GMM in on the Toronto Stock Exchange.
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Categories Dan Akerson, General Motors, GM
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