GM, Ford, and Chrysler have reinvented themselves in the years since the Great Recession almost spelled the demise of two of the Big Three automakers. Their 'transformative' evolution puts them in a position to compete globally.
GM stock is trading again, after automaker's emergence from bankruptcy and a partial government takeover. But the debate goes on over the wisdom of the US bailout.
The GM stock price ends at $34.19 on its first day of trading, as the company's recent profitability stokes demand for the IPO stock. The $23.1 billion raised will help pay back the US Treasury.
Auto sales are up, even for the Big Three. The worst may be over for US automakers – and for Michigan.
Penske's bid to buy Saturn from GM fell apart Thursday, ending a grand experiment in American automaking.