General Motors Co. may sell next week’s initial public offering above the forecast price range and exercise an option to increase the size of the IPO amid signs of brisk demand, two people familiar with the deal said.
General Motors Co. Chief Executive Officer Ed Whitacre , who led the largest U.S. automaker from bankruptcy to two straight profitable quarters, will step down as CEO on Sept. 1 and be replaced by director Dan Akerson .
General Motors Co., the automaker 61 percent owned by the U.S., is buying subprime lender AmeriCredit Corp. for $3.5 billion to help it reach more customers with leases and loans to borrowers with faulty credit records.
General Motors Co. Chief Executive Officer Ed Whitacre intends to announce on April 21 that GM has repaid the remaining $5.8 billion in loans from the U.S. and Canada, a person with direct knowledge of the plans said.
BYD Co., the struggling Chinese carmaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., fell on concern existing investors will be diluted after two people familiar with the matter said the company plans to issue new stock.