USA / Global
gm loans Articles
GM announces IPO details
While the specifics are a little technical, the IPO will include 365 million shares of common stock and 50 million shares of Series B mandatory convertible junior preferred stock.
Nov 04 2010
GM may pay back taxpayers after IPO
Former head of government body overseeing auto bailouts says IPO may win back most if not all of U.S. government's investment in GM.
Sep 22 2010
GM files for fall IPO
GM IPO will be one of the biggest ever. The Detroit automaker hopes to raise between $12 billion (€9.3 billion) and $16 billion (€12.4 billion).
Aug 19 2010
GM IPO filing expected today
GM expects to raise between $15 billion and $20 billion in the IPO, which will make it one of the biggest ever.
Aug 17 2010
General Motors preparing for IPO
Treasury Department, which now owns GM after last year's bailout and bankruptcy, has hired an investment bank to help facility IPO. GM could go public as early as the end of the year.
May 24 2010
General Motors back in the black with $865 million quarterly profit
GM posts first profit since emerging from bankruptcy last year. GM has seen a substantial sales rise as the North American car market rebounds.
May 18 2010
GM to pay $5.8B bailout loan balance early
GM plans to pay their loans back early, but they're still nowhere near being out of the woods. Find out more inside.
Apr 20 2010
GM to Begin Repayment of Government Loans Ahead of Schedule
GM will also begin repaying loans to the government of Canada and the province of Ontario. GM hopes to clear up about half of its government debts before a public offering sometime after the middle of 2010.
Nov 16 2009
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General Motors unveils restructuring plan
GM says it will focus on four core brands, Chevy, Cadillac, GMC and Buick, and will sell Saab and Hummer. The company says it will need 12 billion US dollars to see it through 2009 and 6 billion more if industry sales fall below 11 million.
Dec 02 2008
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