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GM Shares Roar Back to Old Levels

General Motors Co. shares eclipsed their $33 initial public offering price with investor enthusiasm over its new vehicles and speculation the U.S. government may soon exit its ownership stake in the auto maker.The Detroit auto maker rose 3.2% to $33.42 on Friday to close above its November 2010 IPO price for the first time since February 2011. The stock bottomed out after the IPO at $18.80 apiece in July 2012.GM shares have risen nearly 16% for the year, just below the returns for the broader Standard & Poor's 500-Stock Index,Today, GM is riding a wave of strong U.S. economic news and auto sales, market share gains and profit in China, and a sense that the worst may be over in Europe. A University of Michigan Consumer Sentiment survey released Friday indicated that the desire to buy cars was at its highest since 2005.Investors are betting that the share run-up above the IPO price could give the U.S. Treasury reason to accelerate its divestiture of the auto maker's shares.As of April 1,...

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  1. Domestic automakers lead rise in April auto sales

    The three big U.S. automakers posted better-than-expected April sales as consumers snapped up pickup trucks and compact sport-utility vehicles, pushing the industry ...

  2. Truck Sales Fuel April Gains for Big 3

    The Big Three U.S. automakers, Ford Motor (NYSE:F), General Motors (NYSE:GM) and Chrysler Group, all posted stronger April sales as demand for pickup trucks gained s...

  3. GM April U.S. Sales up 11% as All Brands Gain

    General Motors Co.'s (GM, GMM.U.T) U.S. auto sales rose 11% in April as all four GM brands posted higher sales.Results matched expectations from car-shopping website...

  4. Ford April U.S. New Vehicle Sales Jump 18%

    Ford Motor Co.'s (F) U.S. new-vehicle sales increased 18% in April as demand for its fuel-efficient Fusion and Escape continued to rise.Results were ahead of expecta...

  5. Ford Sales Up 18%, Bolstered by Fusion, Escape Transactions

    Ford Motor Co.'s (NYSE:F) U.S. new-vehicle sales increased 18% in April as demand for its fuel-efficient Fusion and Escape continued to rise.Results were ahead of ex...

  6. Chrysler U.S. Auto Sales Rise 11% in April

    Chrysler Group LLC Said on Wednesday that U.S. auto sales rose 11% in April, led by strong demand for its Ram pickup trucks.Chrysler sales of 156,698 vehicles in Apr...

  7. U.S. sales of trucks, SUVs outpace auto market in April

    A stronger U.S. housing market and lower fuel prices boosted sales of full-size pickup trucks and compact sport-utility vehicles in April, helping the U.S. auto mark...

  8. Chrysler CEO Says Europe Econ Woe Won't Derail Fiat Plan To Acquire All Of Chrysler

    Fiat SpA (F.MI, FIATY) Chief Executive Sergio Marchionne said Monday that Europe's economic woes won't derail the Italian auto maker's plans to acquire all of Chrysl...

  9. GM sees April U.S. new-car sales rising at similar rate to March

    General Motors Co Chief Executive Dan Akerson said he sees the U.S. auto industry's new-vehicle sales in April rising at a similar rate as the previous month, when t...

  10. Ford Profit Rises, Beats Estimates

    Ford Motor Co. (F) reported a 15% increase in its first-quarter profit as a record performance in the company's North American division offset softness in other regi...

  11. Opel: Supervisory Board Approves Plan to Halt Bochum Vehicle Output

    Adam Opel AG, a unit of General Motors Co. (GM), confirmed Wednesday that its supervisory board has approved a plan to wind down a vehicle production line in Bochum ...

  12. GM Pledges $5.23 Billion Investment In Opel Unit

    General Motors Co. (GM) Chief Executive Dan Akerson, seeking to quell concerns over the auto maker's future role in Germany, disclosed plans Wednesday to invest $5.2...

  1. Copper Climbs on Higher EU Auto Sales , Grasberg Disruption

    Copper prices rose after European auto sales surprised the market with their first increase in 20 months, and as one of the world's largest copper mines remains shut...

  2. European Shares Rise

    European shares held near multi-year highs in volatile trade on Friday, with some investors using early weakness as a buying opportunity and with carmakers cheered b...

  3. China Auto Sales Up 13% in April; Growth Seen Slowing

    China's auto sales increased 13% in April from a year earlier, accelerating from the previous month in spite of indicators showing the country's economic recovery fa...

  4. General Motors Follows Ford Into Debt Markets

    General Motors' finance arm is selling $2.5 billion of bonds on Tuesday, amid an uptick in auto sales and on the heels of a similar deal from rival Ford Motor Co. (F...

  5. EUROPE MARKETS: European Stocks Surge; Germany's DAX Hits Record

    European stocks rallied on Friday, with Germany's benchmark index surging to a record after the release of better-than-expected U.S. employment data for April.The St...

  6. Hyundai U.S. Sales Up 1.7% in April as Elantra Sales Improve

    Hyundai Motor Co.'s (HYMLY, 005380.SE) U.S. auto sales improved 1.7% in April, marking the South Korean manufacturer's strongest April results yet, as the company sa...

  7. GM says U.S. auto sales pace at lowest level since October

    General Motors Co said the pace of U.S. auto sales in April would be 15 million, the slowest level since October, due partly to poor fleet sales by other automakers....

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