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Tag Archives: gm stock
GM Rebuffs Pending Greenlight Director Nominations
“Greenlight’s candidates were nominated specifically to advance Greenlight’s dual-class stock plan, which GM’s Board views as high-risk and detrimental to the long-term best interests of GM and its shareholders. Continue reading
GM UAW VEBA Warrants at $3.85 allow $42.31 Share Buy
The UAW Retiree Medical Benefits Trust (UAW VEBA) secondary public offering of up to 45,454,545 warrants to purchase GM common stock was priced at $3.85. They allow the purchase of one share at $42.31. The warrants expire 31 December 2015. Continue reading
Posted in auto news, financial results
Tagged autoinformed, autoinformed.com, gm stock, Ken Zino, uaw veba, veba warrants
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Ford Motor and General Motors Declare Stock Dividends
The Boards of Directors of Ford Motor (NYSE: F) and General Motors Company (NYSE: GM) have declared quarterly stock dividends, as the U.S. auto industry continues its slow financial recovery because of increasing auto sales. Continue reading
U.S. Sales to Jump to 13 Million in 2011, GM Predicts
GM predicts that the total U.S. vehicle market in 2011 will be in the 13-13.5 million range, including medium and heavy duty trucks, up from a projected 11.8 million in 2010. Don Johnson, vice president of U.S. sales operations provided … Continue reading
Posted in auto news, economy, results, sales
Tagged 2011 auto sales, auto informed, auto news, autoinformed.com, automotive news, GM, gm 2011 sales projection, gm stock, Ken Zino, results, sales, us sales, zino
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General Motors Underwriters Take Maximum Number of Shares in IPO
What this really means is U.S. taxpayers now own about 33% of General Motors, down from the U.S. Treasury’s ownership of GM’s outstanding shares of common stock of 61% before the IPO. Continue reading
GM Stock Price Soars on IPO Frenzy
My how quickly public perceptions change. General Motors, the ailing symbol of demonstrably bad senior management and worse union labor practices, is now the darling of Wall Street as it returns to public trading today in New York and Toronto under the ticker symbol “GM.” Continue reading
Posted in auto news, economy
Tagged auto informed, auto news, autoinformed, autoinformed.com, gm bankruptcy, gm ipo, gm stock, government bailouts, Joe Phillippi, Ken Zino
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Just How Bad is GM’s Accounting?
GM says that it doesn’t have the financial controls in place to know if its published results are real or if there are potential material changes lurking. Continue reading
Posted in auto news, economy, financial results
Tagged auto news, autoinformed, gm bailout, gm bankruptcy, gm ipo, gm stock, Ken Zino
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