TRENDING NOW:
With the clanging of the bell and the growl of a Chevrolet Camaro roaring to life (an excellent use of symbolism) accompanied by the applause of the company’s highest ranking officials within the walls of the New York Stock Exchange – General Motors has gone public once again. Continue reading.
Scoreboard – Camaro: 71,521, Mustang: 64,171. As of the end of October 2010, the Chevrolet Camaro ha taken a commanding sales lead over the Ford Mustang, a lead that will most likely not be lost by year’s end. Continue reading.
The Chevrolet Volt has been rolling off the line at Detroit-Hamtramck plant for the past week. However, they’re only rolling off to sit in the parking lot outside. How come? The Volt still doesn’t have a mileage label from the EPA. Continue reading.
Luxury usually doesn’t come in small packages. Think about it – that’s a tall order. How does one fit all of the amenities, technology, refinement, cabin space and horsepower that luxury vehicles are known for into a 151 inch long package? Frankly, you don’t. But if the vehicle has scissor doors and a Cadillac badge – then there is a chance it could be seen as a luxury vehicle. And that’s exactly what we see here with the Cadillac Urban Luxury Concept. Scissor me timbers! Continue reading.
Right on the eve of its long-awaited IPO, General Motors has made an ever-so-slight change by announcing an increase to the proposed size of the offering from 365 million to 478 million shares. This is the second time The General has modified the size of the IPO, having just increased it, along with the estimated share price, just yesterday.
The increase in volume brings the total amount GM could raise to as much as $20.4 billion, which would be the largest first day stock sale in U.S. history. The change will further decrease the U.S. Treasury’s ownership in GM to approximately 25-30 percent.
As GM points out, both stock total amounts exclude the amount that the underwriters have the option to purchase to cover over-allotments. Click past the break for the presser.
Finally, the moment many Camaro fanatics have been waiting for. Just a few short hours ago, Chevy publicly unveiled the drop top version of the Camaro at the LA Auto Show. Here are the pictures, for your infinite pleasure and enjoyment!
General Motors has finally announced the price of its long-awaited IPO, with the common stock having been priced at $33.00 per share. Continue reading for the full amount of shares to be sold and the full valuation.
Buick Regal Coupe - Rendered by GM Authority (click to expand)
Almost a year ago, GM Authority was first to report that Opel is working on a coupe variant of the Insignia sedan. And less than a few days ago, Opel President Nick Reilly has revealed plans to introduce a new model based on the production version of the well-received Opel Gran Turismo concept first revealed at the 2007 Geneva Auto Show. Continue reading.
Literally moments ago we just learned of the Chevrolet Volt taking home Motor Trend’s North American Car of the Year trophy. But Motor Trend isn’t the only publication out there, and it clearly isn’t the only publication that respects and is taken aback by the capabilities of what could be the future of automobiles as we know them. This is made evident by Automobile Magazine’s choice of giving the award to the plug-in revolutionary – it’s second major award of the day. Continue reading.
General Motors has just announced an increase to the estimated price range of its initial public stock offering to $32.00-$33.00 per share from the $26.00-$29.00 per share predicted earlier. The common stock offering will consist of 365 million shares of common stock. Continue reading.
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