General Motors is filing IPO (Initial Public Offering) paperwork with the SEC (Securities and Exchange Commission) with hopes of getting out from under majority government ownership. After taking bailout money GM has given the U.S. government a 60.8% stake in ownership of the company. Tesla Motors (TSLA) was the first U.S. auto maker to offer a IPO earlier this year since Ford (F) in 1956. GM are looking to raise somewhere between 15 to 20 billion from the IPO allowing them to reduce the government's majority stake. The big question is to buy or not to buy? The Ford Motor Co. is looking much healthier profit wise in the last quarter and they are paying back their debt without any bailouts. General Motors is a fine company with a great history but they need to work on making sales in order for this stock offering to be the smart choice in the long run.
Source: General Motors
Have you heard anything about Ford putting a live rear axle in the 2013 Mustangs? Would the independent axle with limited slip differential really improve the handling that much? It seems like the latest mustangs handle as well are better than some live axle sports cars.
ReplyDeleteThe Mustang has always used a solid rear axle instead of the more modern indepent suspension used on the Camaro for example. Ford has taken the solid rear axle and on the current Mustang made a vehicle that can handle just as well as its competition. In response to your first question, I don't see the Mustang having any major revisions until it's 50th anniversary in 2014.
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