UAW

General Motors is planning on its IPO this month and is hoping to raise more than $10 Billion that could help the company pay back the U.S Treasury. The Treasury Department has a 61% stake in General Motors currently and is expected to offer 365 million shares at $26 to $29 each according to...

Steve Rattner, the former New York Times (NYSE: NYT) reporter who struck it rich on Wall Street, wouldn't have been anyone's first guess as the individual to become overseer for the latest overhaul of the once-mighty U.S. automobile industry. Yet politics and finance - and perhaps fate - brought...

“Under promise, over deliver.” Someone forgot to tell Chrysler CEO Sergio Marchionne. He announced that he intends to have an IPO for the No.3 US car company in the second half of next year. It is likely that the UAW, which owns two-thirds of Chrysler, would like to be able to sell some of its...