The ever important word in recent months at General Motors, their Initial Public Offering has recently become an even more interesting to watch affair than it was not that long ago. A few days ago, GM's CEO, Ed Whitacre had a bit of a chat with a reporter from Reuters who got it out of him. What did he get...
According to some reports from a couple of top Republicans GM executives have been destroying documents and other records which may shed light on corporate decisions that have spurred investigations into the company by a House oversight committee. These accusations are signed by U.S. Republican Darrell Issa, California, and U.S. Republican Jim Jordan, Ohio and have been enveloped in a...
According to some "inside sources" General Motors and the US Treasury are expected to already have chosen a lead bank for the carmaker’s initial public offering as early as this following week. Since GM's Ed Whitacre is eagerly expecting public listing, the report claims that GM, which is majority-owned by the US government, would have to decide soon on an...
Chrysler, one of the two companies that make up Detroit's Big Three who took the bailout money is not in the same rush GM is to get results. While GM's CEO Ed Whitacre Jr. is in the center spot of public attention due to his plan to obtain a possible IPO by the end of this year, Chrysler's CEO Sergio...
According to an announcement made today by Ed Whitacre, CEO of General Motors, the company has payed back the government loans in full today. The sum sent by GM to the US Treasury and Export Development Canada comes to a total of 5.8 billion dollars. The company seems to be doing really well and has not only managed to bay...
