| − | On November 17, 2010, GM sold itself to the public through an initial public offering of its stock.<ref>Dunstan Prial. [http://www.foxbusiness.com/markets/2010/11/16/stakes-high-gm-shares-public/ Stakes Are High as GM Shares Get Set for Debut], FOXBusiness (FoxBusiness.com), November 17, 2010.</ref> The deal came 16 months after GM emerged from [[bankruptcy]], the fourth-largest Chapter 11 filing in [[U.S.|United States]] history. Since then, the [[U.S. government]] has been the largest stakeholder; [[Labor Unions]], Asian and Middle Eastern sovereign funds and other Foreign Governments also hold significant shares.<ref>Edward Helmore. [http://www.guardian.co.uk/business/2010/nov/17/general-motors-return-us-stockmarket-bailout-china General Motors increases IPO as demand surges from Asia], [[The Guardian|guardian.co.uk]], November 17, 2010.</ref> The [[United Auto Workers]] obtained a generous share of GM stock in the company's 2009 bankruptcy settlement, when the [[Obama administration]] pushed GM into bankruptcy and steered it through the courts in a way that consistently put the interests of the [[UAW|union]] ahead of many suppliers, dealers and investors.<ref>Taxpayers and investors not as fortunate as UAW. [http://www.washingtontimes.com/news/2010/nov/25/gms-union-on-road-to-recovery-after-stock-sale/ GM's union recovering after stock sale], By Patrice Hill, ''The Washington Times'', November 25, 2010.</ref> "Priority one was serving the interests of the UAW," when the [[White House|White House's]] auto task force engineered the bankruptcy. | + | On November 17, 2010, GM sold itself to the public through an initial public offering of its stock.<ref>Dunstan Prial. [http://www.foxbusiness.com/markets/2010/11/16/stakes-high-gm-shares-public/ Stakes Are High as GM Shares Get Set for Debut], FOXBusiness (FoxBusiness.com), November 17, 2010.</ref> The deal came 16 months after GM emerged from [[bankruptcy]], the fourth-largest Chapter 11 filing in [[U.S.|United States]] history. Since then, the [[U.S. government]] has been the largest stakeholder; [[Labor Unions]], Asian and Middle Eastern sovereign funds and other Foreign Governments also hold significant shares.<ref>Edward Helmore. [http://www.guardian.co.uk/business/2010/nov/17/general-motors-return-us-stockmarket-bailout-china General Motors increases IPO as demand surges from Asia], [[The Guardian|guardian.co.uk]], November 17, 2010.</ref> The [[United Auto Workers]] obtained a generous share of GM stock in the company's 2009 bankruptcy settlement, when the [[Obama administration]] pushed GM into bankruptcy and steered it through the courts in a way that consistently put the interests of the [[UAW|union]] ahead of many suppliers, dealers and investors.<ref>Taxpayers and investors not as fortunate as UAW. [https://www.washingtontimes.com/news/2010/nov/25/gms-union-on-road-to-recovery-after-stock-sale/ GM's union recovering after stock sale], By Patrice Hill, ''The Washington Times'', November 25, 2010.</ref> "Priority one was serving the interests of the UAW," when the [[White House|White House's]] auto task force engineered the bankruptcy. |
| − | Since January 2014, over 28 million GM cars worldwide have been recalled for a variety of issues, ranging from faulty ignition switches to airbags that can suddenly deploy.<ref>[http://www.cnn.com/interactive/2014/05/us/gm-recalls/]</ref> GM came under criticism for knowing about these issues for years, but covered them up the whole time. The government fined General Motors $35 million, but GM will have to pay over a billion dollars for new parts, lawsuits, and continuing investigations. | + | Since January 2014, over 28 million GM cars worldwide have been recalled for a variety of issues, ranging from faulty ignition switches to airbags that can suddenly deploy.<ref>[https://www.cnn.com/interactive/2014/05/us/gm-recalls/]</ref> GM came under criticism for knowing about these issues for years, but covered them up the whole time. The government fined General Motors $35 million, but GM will have to pay over a billion dollars for new parts, lawsuits, and continuing investigations. |