The new GM
Bullish reports by analysts on General Motors were surprising with more tranches to sell this year. But the positive conclusions downplay inherited problems
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GM restructuring
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With a new chief executive on the way and after recording a second straight quarterly profit, the carmaker is preparing for a public relisting that will allow the US and Canadian governments to begin recouping $60bn of taxpayer aid
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Interactive timeline: Revamping GM
View FT.com’s interactive timeline of the US giant’s restructuring process.
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GM in first full-year profit since 2004
General Motors said it was getting ready for shifting consumer demand in the wake of the run-up in fuel prices as it reported its first annual profit since 2004
Perella Weinberg to advise Treasury on Ally IPO
Perella Weinberg has won the plum mandate of advising the US Treasury on the initial public offering of Ally Financial, the former financing arm of General Motors
GM’s new chief executive in reshuffle
Dan Akerson puts his stamp on the Detroit carmaker with a flurry of senior appointments aimed at bolstering the group’s technological leadership and customer service
Ex-GM finance arm moves closer to IPO
The former financing arm of General Motors took a step towards an initial public offering after the US Treasury said it would convert part of its stake into common stock
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Comment & Analysis
US government has crossed a line with GM losses
By losing money on the carmaker’s listing, officials step over a line it had refused to cross in the past, namely in December 2009 when it withdrew from a Citi share sale that would have left it in the red
Investors caught in balancing act over GM listing
As investors pored over General Motors’ 734-page initial public offering prospectus on Thursday, they weighed the prospect of acquiring a stake in a successfully restructured carmaker against the myriad risks facing GM and its industry
GM’s IPO overhang
A filing that has all the subplots and characters of A Russian novel
Whitacre’s crash at General Motors
The US motor group has burned through four chief executives in 18 months. This shambles is not only bad in itself but is exactly what GM did not need on the eve of its IPO filing, writes John Gapper
Post-crisis crash faces car industry
GM’s move to keep Opel should not have come as a surprise when, even at the height of the crisis, it seemed reluctant to to give up control of its European operations, writes Paul Betts
Why carmakers must slam door on political correctness
If France and Germany want to see fewer demands for government help in the future, they would do well to let carmakers make decisions based on industrial rather than political logic
GM / Opel
A measure of commonsense has broken out after seven months of wrangling over the future of General Motors’ Opel/Vauxhall business
Editorial
GM tests engine
When General Motors returns to the public by selling part of the US and Canadian governments’ stakes, it should bring the day closer when what is good for America is no longer thought to depend on what is good for GM
Detroit ex machina
General Motors surprised everyone by saying it will not after all sell Opel and Vauxhall, its main European operations. Although many obstacles remain, GM’s decision is good for Europe’s car industry
GM Europe
Lord Mandelson is rightly protesting that German aid promised to the Magna-led consortium acquiring the Opel arm seems to favour German plants
Berlin’s wrong turn
Magna’s assurance that restructuring will be guided purely by commercial considerations is laughable when the group is accepting financing that depends on political decisions
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