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Bill Pugliano, Getty Images
Bill Pugliano, Getty Images
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GM to Buy Back Remaining Shares of Stock from Government

General Motors has announced they will buy back the remaining 40% stake, or 200 million shares, held by the U.S. Treasury Department.

According to the Detroit News, GM will pay $5.5 billion which comes to $27.50 per share. That price is roughly $2 above the stock's closing price on Tuesday.

The announcement comes four years to the day that former President George W. Bush announced he

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Pavement Pieces, Flickr
Pavement Pieces, Flickr
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Obama, Romney Banned from GM Plants Through Election

GM has announced they are trying to stay out of the political arena between now and the November election by banning President Barack Obama and Republican challenger Mitt Romney from its plants.

According to WNEM,

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AV8PIX Christopher Ebdon, Flickr
AV8PIX Christopher Ebdon, Flickr
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General Motors Recalls More Than 38,000 Chevy Impala Police Cruisers

The safety of police cruisers all across the United States and Canada are now in question, as General Motors announced that it is recalling more than 38,000 Chevrolet Impala police vehicles because of suspension issues in the front end that could lead to an a accident.

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Getty Images
Getty Images
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GM Announces Alliance with Peugeot

General Motors will purchase a 7% stake in French automaker Peugeot Citroen according to the Detroit Free Press. The alliance is designed to save money and help GM to become more competitive in a shrinking European car market.

GM Chairman and CEO Dan Akerson is quoted as saying

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Delphi Buy Shares Back from GM
Bill Pugliano, Getty Images
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Delphi Buys Back Ownership from General Motors and U.S.

Autoparts supplier Delphi said its buying back ownership from General Motors and the U.S. for $4.4 billion dollars. Delphi is paying G.M. $3.8 billion and $594 million to Pension Benefit Guaranty Corp for the share that are held by both, respectively. Find out more after the jump.

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Flint Truck Assembly
Courtsey of The Flint Journal
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Flint Truck Assembly Adding 3rd Shift

Flint Truck Assembly may be adding a third shift that would add 650 jobs to the plant reports milve.com:
The additional workers are to come from GM’s pool of laid-off workers, so no new employees will be hired, the person briefed on the announcement said. In the fourth quarter of last year, GM had about 3,500 laid-off workers in the pool nationwi

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General Motors
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GM Has Best Quarter In 6 Years

General Motors seems to be earning profits despite trying to emerge from bankruptcy, say CNN Money.

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