Tag Archives: GM

GM IPO the largest in history

The revamped General Motors issued its IPO on Wednesday and raised $20.1 billion. The actual amount will be closer to $23.1 billion after counting investors on a waiting list called an overallotment. This is already the largest IPO in U.S. history and if the overallotment purchases come through as estimated, then this will be the largest IPO in [...]

Looking at companies as economic indicators

  It is very common for analysts, economists and traders to look at the performance of some very large companies as an indication of the greater economy. The old saying used to be: “as GM goes, so goes the economy”. This was more accurate before the turn of the 21-century when GM was very big [...]

Toyota Corolla and Matrix recall

  I hope no one will be surprised to read that Toyota is issuing yet another recall. This one is for 2005-2008 Corolla and Matrix in the U.S. and Canada. It encompasses about 1.13 million cars, about 200,000 of them in Canada. Without getting too technical and boring about the problem, it can make the engine [...]

GM seeing an opportunity

  Since 2007, when GM had to sell their financing company, GMAC, they have had a somewhat tougher time leasing and selling their vehicles to people with less than optimal credit. In the past when they owned their own financing company, they were able to approve customers that had a bad credit rating which was [...]

What is GM thinking?

  I have seen many decisions and strategies over the years by car makers that left me thinking “are you drunk?” However, GM’s most recent new car made me think that same thing once again. I have actually been fairly impressed with GM over the last two years or so because they seemed to be [...]