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General Motors - Page 7

General Motors stock

DETROIT (AP) - General Motors says its common stock will sell for $33 per share when its initial public offering takes place Thursday. The IPO brings the U.S. Government closer to getting back part of the $50 billion it gave GM to help it through bankruptcy protection last year. The government and other GM owners will sell 550 million shares starting Thursday. The IPO will be worth up to $18.2 billion, making it one of the largest in U.S. history. Ref. USAToday

Motors General

Yes the initial stock will be $33 a piece and then shortly afterwards it will fall to about $5 and everyone will be in the same boat again.

General Motors Reviews Consumer & Travel Family Culture

Uh-oh: Government Motors wants to track you

Several years ago Glenn broke ties with GM as a sponsor, in large part because he was worried about their interactions with government. All that technology and access at the fingertips of the federal government just didn't sit well with Glenn. At the time, they said they wouldn't be doing any sort of tracking or anything like that. That was then, this is now. OnStar is now notifying its 6 million account holders that it will keep a complete account of the speed and location of OnStar-equipped vehicles even for drivers who discontinue the monthly service. Ref. Source 9

Page 7 Motors General

GM to invest $448 mn in Argentina
Michigan Related News

US automaker General Motors Co. plans to invest 2.13 billion pesos ($448 million) in the production of a new model in Argentina in 2015, the industry ministry said. "Project Phoenix" will be ...
Source: Michigan News

Motors General

GM earnings fall 13.8% on Europe losses

But strong North American results outweigh European losses. Ref. Source 6

General Motors

The government received 912 million shares in exchange for a $49.5 billion bailout of the troubled automaker during the financial crisis in 2009. Taxpayers will lose about $10 billion on the investment. Ref. CNN

General Motors - Page 7

General Motors today promoted insider Mary Barra to serve as its chief executive officer, the first female head of a major U.S. Automaker.

Barra, executive vice president, will succeed current CEO Dan Akerson on January 15, the company said.

Akerson, 65, is retiring several months earlier than planned because his wife has an advanced stage of cancer, the automaker said. Ref. CNN

General Motors Culture Family Travel & Consumer Reviews - Page 7

GM CEO Mary Barra: 'My gender' not a factor

She says GM is on track and being a woman isn't a factor when she walks into a meeting Ref. Source 7