October was a banner month for GM and Ford sales. General Motors and Ford Motor Co. both posted large profits thanks to strong October auto sales. The adjusted sales rate for October was in the double digits, and domestic automakers are reaping huge benefits. The initial public offering for GM stock is inching closer still, Read on! →
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General Motors is pushing the U.S. Government to sell its remaining stock in the automaker. It says the stigma of being “Government Motors” is weighting down its chance to succeed. But the White House is refusing to sell its GM stock at a loss to the taxpayers. GM stock left from bailout In 2009, the Read on! →
General Motors is dropping the Mr. Goodwrench name from its dealerships and service stations. It isn’t that GM is canceling service stations at dealerships — far from it. From now on, service stations will be brand name specific. Mr. Goodwrench, or Goodwrench Service Plus, as it is labeled today, is changing names as part of Read on! →
General Motors has announced that it will be buying a significant portion of shares back from the Treasury. As part of the auto bailout, GM had to turn over a number of preferred shares to the United States Treasury. Earlier this year, GM announced it was getting back to fiscal health, and the company was Read on! →