*GM offloads Peugeot stake, loses $82 mln. PARIS/ LONDON, Dec 13- Hedge funds have reaped some $190 million this week from betting against Peugeot, in contrast with GM, whose own investment in the French carmaker proved to be a loser.» Read More
As General Motors emerges from bankruptcy, does its reputation remain bankrupt? Five people interviewed by CNBC share their views.
General Motors increased the size of its convertible preferred stock offering by $1 billion Tuesday, strengthening the automaker's balance sheet as the U.S. government attempts to break even on its controversial investment.
Underwriters of GM’s hotly anticipated initial public offering are raising the deal’s price to $32 to $33 per share Monday night, someone familiar with the matter told CNBC.
Underwriters of GM’s hotly-anticipated IPO are expected to raise the deal’s suggested price range as early as today, according to people familiar with the matter.
Trucks outsold cars by the highest margin in nearly five years in October, a sign the economy may be starting to improve.
Ford beat expectations as GM and Chrysler both handily beat estimates for the month of October, putting some life back into the troubled auto industry, even as Toyota falters.
General Motors will look to sell just over $10 billion worth of common stock and $3 billion of preferred stock in an initial public offering that would shift the U.S. government to a minority shareholder in the top U.S. automaker, people familiar with the matter said.
Treasury Secretary Timothy Geithner is meeting with new General Motors CEO Dan Akerson in New York as the government-owned automaker moves toward a public stock sale.
Mercedes-Benz is recalling about 85,000 of its 2010 and 2011 cars because of potential steering problems.
U.S. Transportation Secretary Ray LaHood says New Jersey's governor has agreed to take the next two weeks to rethink his decision to cancel a massive NJ-NY rail tunnel project.
U.S. auto sales in September for GM, Ford, Chrysler as well as Toyota, beat estimates, showing some gains in the still sluggish auto market. GM said Friday that its core brand sales for the month of September were up 22.1 percent compared to estimates of 17.5 percent.
Looking to rev up slumping sales in the beleaguered golf industry, Callaway announced today a strategic partnership with automaker Lamborghini in the quest to find the strongest, lightest and most durable materials.
Edward E. Whitacre Jr. has looked forward to the day the carmaker would no longer be under government ownership, but thinks a public offering requires a long-term leader. The New York Times reports.
The number of people dying on the nation's roads has fallen to its lowest level in six decades, helped by a combination of seat belts, safer cars and tougher enforcement of drunken driving laws.
Ford, GM and Toyota reported slumping US auto sales in August compared with the same time last year, showing the auto industry has a way to go before it's in a true recovery.
For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers, which paid up to $4,500, or promotions that offered employee discounts to everyone.
A Delaware bankruptcy judge has told auto parts supplier Visteon that it must restore health and life insurance benefits for thousands of retirees.
American taxpayers who spent $50 billion bailing out General Motors may see some returns, if the Obama administration allows it.
Sales of pickup trucks were up 60 percent in July from a year ago at AutoNation, the nation's largest auto dealer, in a clear indicator the economy is recovering, Chairman and CEO Mike Jackson said on CNBC Wednesday morning.
Two years after gasoline prices hit a record high of more than $4 a gallon, light trucks, SUVs and crossovers are popular again. "The further we get past the gas crisis, the less people remember it,” says one industry analyst.
A new study by the National Highway Transportation Safety Administration found that Americans have a need for speed.
Mary Barra's success rests on whether she can make GM more competitive, profitable and live up to its potential.
GM is dropping Chevy as its primary brand for mass-market vehicles in Europe and making Opel its mainstream line.