Tag Archives: Dan Ammann

GM to buy back 200 million shares of common stock from U.S. Treasury

General Motors announced today that it will be buying 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The move also goes hand-in-hand with the United States Treasury’s plan to fully exit its entire holdings of GM stock within 12 to 15 […]

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Morgan Stanley names General Motors as no. 1 automotive stock pick

General Motors’ ‘fortress balance sheet’ strategy has caught on and has earned it first place on Morgan Stanley analysts’ automotive stock rankings. Post-bankruptcy GM is getting rid of debt and holding onto cash and says it will decide what to do with some of its $33.8 billion once the economy stabilizes. GM Chief Financial Officer […]

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GM CEO’s focus on incentives raising analysts eyebrows

General Motors has been receiving a bunch of positive press as of late.  Just over a year since the Detroit automaker came out of bankruptcy, it has become a leaner and meaner auto-making machine and has relisted its shares on major world stock exchanges with one of the world’s largest IPOs of all time. However, […]

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