Auto Industry Bailout | featured news

General Motors on Wednesday finalized terms for a stock offering of about $13 billion to repay a controversial taxpayer-funded bailout and reduce the Treasury to a minority shareholder.

General Motors will shrink the government’s ownership stake to less than 50 percent in a $10.6 billion initial public offering, people briefed on the matter said.

How long it takes for the government to divest its holdings in General Motors will, in part, be determined by the company’s success, G.M.’s chief executive said.

The president proclaims the government's support of domestic automakers a success story in a pair of Michigan stops.

General Motors Co. rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years, drawing the company closer to a stock offering that would repay at least part of its government aid....

General Motors chairman and chief executive, Ed Whitacre, Jr. will receive a compensation package worth $9 million, the automaker said Friday.

Automaker will repay $6.7B in taxpayer-funded loans by end of June, new chief executive says.

General Motors, which received $50 billion in taxpayer help, will begin paying back its debt to the U.S. and Canadian governments earlier than expected.

The deal between General Motors and the Obama administration solves a problem that could have troubled the company’s plan for quick restructuring.

The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it.