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Further, in a separate effort to return value to shareholders, GM increased its common stock dividend by 33% -- from $0.09 per share to $0.12 per share -- during the first quarter.
U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company's net income 15% above a year ago. Excluding one ...
For the quarter, GM reported: Revenue: $43.1 billion vs. $40 billion expected. Adjusted EPS: $2.12 vs. $1.69 expected. On the profitability front, GM reported adjusted EBIT (earnings before ...
Jeep Commander. The Jeep Commander is a 3-row SUV based on the Jeep Grand Cherokee, introduced for the 2006 model year. Launched at the onset of the 2000s energy crisis, the Commander was a commercial failure that was withdrawn after four years on the market and has received poor retroactive reviews.
Motors Liquidation Company ( MLC ), formerly General Motors Corporation, was the company left to settle past liability claims from Chapter 11 reorganization of American car manufacturer General Motors. It exited bankruptcy on March 31, 2011, only to be carved into four trusts; the first to settle the claims of unsecured creditors, the second to ...
General Motors bankruptcy. Only days after approaching the U.S. Government to seek further funding, General Motors published its losses for the final quarter of 2008 to be at $9.6 billion (£6.7 billion). This brought its overall 2008 losses to $30.9 billion. In 2007, General Motors made a loss of $38.7 billion.
Ally Financial Inc. (previously known as GMAC) is a bank holding company organized in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
A little less than five years ago, shares of General Motors (NYSE:GM) were trading hands around $37. Ever since, the stock has dropped as low as $27, and rallied as high as $45. Ultimately, though ...