Allison Transmission‘s IPO a success with $600.3 million raised
Allison Transmission Holdings Inc. successfully held its initial public offering, selling 26.1 million shares at a midpoint of $23 and raising $600.3 million. Allison had expected to sell... Read more
Chrysler Group hopes to pay off restructuring loans in 2011
Within this year, Chrysler Group aims to repay the U.S. and Canadian government loans that it had gotten during its restructuring. Sergio Marchionne, CEO of both automakers, said that he... Read more
GM’s IPO earnings before interest and taxes may rise to as much as $19 billion
In the pitch that General Motors Co. is giving investors about its initial public offering, it is claiming that its earnings before interest and taxes could rise up to $19 billion in what... Read more
GM may sell preferred shares alongside its initial public offering
A source revealed that according to a draft of General Motors Co.'s regulatory filing, it may sell preferred shares alongside its initial public offering of common stock and won't sell... Read more
Breaking: GM initial public offering (IPO) filing expected today
The timing of General Motors Co.'s filing with the US Securities and Exchange Commission now rests on the board as the paperwork for the initial public offering has already been... Read more
Ed Whitacre seeking bigger and bolder GM IPO, report says
Ed Whitacre has gotten General Motors Co. in a much better position now that it had been in recent years but the upcoming initial public offering this year is expected to be tougher than... Read more
GM may return to the auto-lending business and buy back GMAC
Sources say that more than three years after selling control of GMAC LLC, General Motors Co. could return to the auto-lending business. These insiders, who are familiar with GM's plan but... Read more
GM could file a registration for its initial public offering of stock on Friday
General Motors Co.'s registration for its initial public offering of stock could be filed as early as Friday, a day after its quarterly results come out, according to three sources. The... Read more
FoMoCo may lose some investors due to GM IPO, says Bill Ford
Some investors may reduce their holdings in his company to purchase shares in General Motors Co.'s initial public offering, according to Ford Motor Co. Executive Chairman Bill Ford who... Read more
GM will have to convince investors to buy shares in its initial public offering
It will be "a tough sell" for General Motors Co. to convince investors to buy shares in its initial public offering, according to Peter Jankovskis, who oversees $2.3 billion as co-chief... Read more
GM must decide soon on a lead bank to sell shares publicly
As early as this week, General Motors Co. and the US Treasury are expected to already have chosen a lead bank for the carmaker's initial public offering, according to insider sources. The... Read more
Latest Auto Shows
