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General Motors Vice Chairman Tom Stephens speaks in Baltimore, Maryland

GM's IPO could be the world's largest

General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.

US stocks fluctuate in early trade

Traders work on the floor of the New York Stock Exchange

S&P 500 Index edged up 0.68 points, or 0.06 percent, to trade at 1,179.73 at 09:53 a.m. EDT. The Dow Jones Industrial Average fell 8.47 points, or 0.08 percent, to trade at 11,015.03. The Nasdaq Composite Index gained 0.24 percent.

US stock futures extend modest gains

Futures on the S&P 500 gained 3.50 points, futures on the Dow Jones Industrial Average are up 23 points and Nasdaq100 futures are up 7 points.

US stocks fall on overseas concerns, economic data

S&P 500 Index is down 10.42 points, or 0.85 percent, to trade at 1,187.57 at 09:53 a.m. EDT. The Dow Jones Industrial Average lost 99.57 points, or 0.89 percent, to trade at 11,102.40. The Nasdaq Composite Index fell 0.72 percent.

More news

GM, Chrysler recalling 30,000 vehicles in US

General Motors is recalling 14,245 Cadillac DTS and Buick Lucerne cars with V8 engines from the 2010 and 2011 model year to address potential problems with the power steering, while Chrysler is recalling 16,229 Jeep Liberty models over faulty windshield wipers.

GM posts gain amid still-slow auto market

General Motors Co posted an annual sales gain of 10.5 percent in September amid evidence that the U.S. auto market remained stuck in a slow-moving recovery at the start of the fourth quarter.

Opel CEO says deferred costs help in 2010

General Motors' European arm Opel sees a chance it may return to profitability next year, excluding restructuring charges, and now expects a smaller 2010 loss, the unit's chief executive said.

September auto sales seen up modestly

September auto sales are on track to top August levels by a small margin after a boost from end-summer sales events even as economic uncertainty crimps a fuller recovery for the industry.

Buffett discussed BYD stake hike: report

Chinese car and battery maker BYD Co Ltd has discussed the possibility of billionaire investor Warren Buffett raising his 10 percent stake, local media reported on Wednesday, boosting its shares.

Saab owner Spyker in talks with BMW, Spyker shares up

Saab owner and luxury car maker Spyker is in talks with German peer BMW about parts and technology in a move that could help it reach a goal of trebling sales volumes.

Treasury may be only seller in GM IPO: sources

The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares

Volkswagen builds new engine plant in Mexico

Volkswagen AG will invest $550 million in developing a new engine facility in Mexico to supply parts to two of its North American plants, the German automaker said on Wednesday.

SAIC approached GM about IPO stake: sources

China's top automaker SAIC Motor Corp has reached out to General Motors Co GM.UL to explore the prospect of taking a stake in the automaker when it goes public this fall, four people with knowledge of the matter said.

UAW aims to share in auto turnaround profit

The United Auto Workers union will aim to ensure that its members share in General Motors GM.UL, Ford Motor Co (F.N) and Chrysler profits in contract talks next year, President Bob King said on Monday.

SAIC, Baosteel to set up R&D lab to cut car weight

Top Chinese automaker SAIC Motor Corp said on Monday it and Baosteel will jointly build a lab to research and develop new steel products to make cars lighter.

GM aims to grow capacity at China joint ventures

General Motors aims to sell at least 10 to 15 percent more vehicles in China next year, in line with the expected rate of growth in the world's biggest auto market, its China chief said on Thursday.

GM bailout payback to take several years: CEO

General Motors Co is determined to pay back taxpayers as quickly as possible, but the process could take several years, GM Chief Executive Dan Akerson said on Thursday.

New GM CEO to receive $1.7 million cash salary

General Motors Co's new chief executive, Dan Akerson, will receive a $1.7 million cash salary as well as stock grants, the U.S. government-owned automaker said on Friday.

China automakers slow shipments to dealers in Aug

Automakers in China shipped 18.7 percent more passenger cars to dealers in August from a year ago, official data showed, lagging a nearly 60 percent annual jump in retail car sales, reflecting an apparent drawdown in dealers' showroom inventories.

Taxpayers may face initial loss on GM IPO: sources

The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

Changan Auto, Ford discuss expanding ties beyond China

Major Chinese automaker Chongqing Changan Automobile is in talks with Ford Motor to expand their partnership beyond China, a senior Chinese executive said.

GM's new boss woos autoworkers in first staff memo

General Motors' new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized labor in the company's success as GM heads into negotiations with its union-represented U.S. workers next year.

GM's new boss woos autoworkers in first staff memo

GM roadshow to begin after elections: sources

Automaker General Motors Co plans to begin courting investors for its initial public offering immediately after the November 2 U.S. midterm congressional elections.

GM roadshow to begin after U.S. elections - sources

U.S. automaker General Motors Co plans to begin courting investors for its initial public offering immediately after the November 2 U.S. midterm congressional elections, two sources familiar with the plans said on Wednesday.

GM expects competitive Chevy Volt pricing in China

General Motors expects competitive pricing for its electric Chevrolet Volt in China as it hopes to gain a foothold in China's fledgling environmentally friendly car industry with the highly anticipated car.