General Motors, Gm | featured news

In an impressive comeback from bankruptcy, General Motors last year posted its first annual profit since 2004....

General Motors said the payments, worth “upwards of $4,000” for hourly workers, were the largest profit-sharing checks in the automaker’s history.

General Motors is planning to pay its hourly workers in the U.S. at least $3,000 each under a profit-sharing provision in its UAW contract.

General Motors said that 90% of GM dealers are reporting profits, up from 40% at the end of 2009.

General Motors Co posted a 22 percent rise in sales for January, outperforming expectations for the market as a whole on gains in demand for its pickup trucks.

General Motors' sales in China increased 28.8% in 2010 while U.S. sales rose just 6.3%. GM is one of the best-positioned automakers in emerging markets, even better than Toyota, says one expert. General Motors Co. sold more vehicles in China than it did in the U.S.

General Motors Co posted a 7.5 percent rise in December U.S. auto sales and said it expects the industry to report sales at a 13 million-vehicle annualized rate for last month -- far higher than many forecasts and what would be the highest rate of 2010.

This morning, General Motors (GM) saw a number of firms initiating coverage, all with positive ratings.

Automakers expect the end of the year to close much stronger than it began.

Investor demand for General Motors stock has been so strong that the company will expand its initial public offering by 31 percent, to 478 million common shares, a person briefed on the sale said Tuesday.