General Motors Sales Climbed 11% in November

General Motors, fresh off its initial public offering, reported today that November sales rose 11.4% compared to the same month a year ago. Among its four core brands, Buick, Cadillac, GMC and Chevrolet, GM said sales rose near…

Obama Praises GM Bailout as Shares Gain 4% in IPO

Following General Motors’ historic return as a publicly traded company Thursday, President Obama said the U.S. government, despite the many critics, is on track to more than recoup the nearly $50 billion it invested in the Detr…

General Motors Seeks to Raise $13 Billion in IPO

After much anticipation, General Motors finally revealed details of its public offering of stock, which is expected later this month. The automaker plans to raise $13 billion.
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