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04 Sep 2010 10:30

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Biz: General Motors’ IPO may not mean taxpayer payback at first

  • $70
    billion     the amount GM needs to make on its IPO to ensure the government gets all of its bailout money back
  • $50
    billion     the amount GM could make on the IPO at the low end; the cruddy economy may be a factor source
  • » Other considerations: The IPO is obviously only a starting point – the rest of the $43 billion the automaker still owes taxpayers could be made back later. But as a jumping-off point goes, it’d be nice to see the IPO on the high end, around $90 billion. (Edit: We’re dummies and we mistyped these earlier. Sorry.)
Posted by Ernie Smith • 0 Comments • Permalink

18 Aug 2010 19:26

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Biz: General Motors’ IPO is pretty big, but it likely won’t be the biggest

  • $12-16 billion the amount GM’s upcoming IPO is expected to raise
  • $19.7
    billion     the amount Visa’s 2008 IPO, the largest ever, raised source
Posted by Ernie Smith • 0 Comments • Permalink

14 Aug 2010 12:13

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Biz: The Detroit auto industry not looking so dire nowadays

  • Fundamentally this thing has been reshaped, resized and rethought. … We’re not trying to kill each other for this month’s market share. Those days are over. We’re not offering $7,000 checks to try to sell a car.
  • Chrysler (and Fiat!) CEO Sergio Marchionne • Discussing the major changes the Detroit auto companies have made in their business models in the wake of the whole bailout situation from a year or two ago. GM was on dire straits. Ford was skating by. It didn’t even look like Chrysler was going to make it. This has largely changed. Profits are back for the companies. They have slimmer product lines and payrolls. And their CEOs – especially GM’s new one – are outsiders to Detroit. Don’t call it a … OK, call it a comeback. source
Posted by Ernie Smith • 0 Comments • Permalink

18 Jun 2010 11:52

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Biz: Evidence GM and Toyota are in an auto-industry upswing

  • GM Instead of having its traditional two-week factory shutdown this summer, the company plans to keep 9 of its 11 plants open.
  • Toyota The company is planning to actually use a plant it nearly finished but never opened up. 2,000 people will get jobs. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Jun 2010 11:08

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Biz: “Chevy” goodbye: General Motors wants Chevrolet to break from past

  • Back in the day, Chevy and Chevrolet were one in the same. But that’s going to change soon. General Motors has started asking staffers to refer to Chevrolet by its full name. Why? They want to keep a consistent message. “Why is this consistency so important?,” a memo, released Tuesday, asks. “The more consistent a brand becomes, the more prominent and recognizable it is with the consumer.” But, uh, Chevy is already one of the most recognizable brands in the world. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Jun 2010 11:23

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Biz: Another day, another massive recall, this time from GM

  • 1.5 million vehicles recalled over fiery windshield wiper fluid source
Posted by Ernie Smith • 0 Comments • Permalink

17 May 2010 09:38

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Biz: GM’s financial outlook: What a difference a bailout makes

  • 40% increase in quarterly sales
    for the automaker
  • $865
    million     the company’s profits this quarter, their first since 2007
  • $6
    billion     the company’s losses in the same quarter a year ago source
Posted by Ernie Smith • 0 Comments • Permalink
 

07 Apr 2010 10:42

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Biz: GM lost a little pocket change in the second half of 2009

  • $4.3 billion in losses – and that was after bankruptcy source
Posted by Ernie Smith • 0 Comments • Permalink

05 Mar 2010 21:46

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Biz: GM tried to get rid of many of its dealers, wasn’t successful

  • 1,100 number of dealers General Motors sent walking papers to last year
  • 661 dealers getting reinstated instead of going through arbitration source
Posted by Ernie Smith • 0 Comments • Permalink

02 Mar 2010 10:37

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Biz: GM makes sure Toyota isn’t alone in its car-recall hell

  • 1.3 million Cobalts and G5s recalled due to power steering source
Posted by Ernie Smith • 0 Comments • Permalink
 
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