General Motors Co. said Wednesday it will move its international headquarters from Shanghai to Singapore, a trophy for the subtropical city-state that is aggressively promoting itself as a global business centre.
The federal and Ontario governments have sold a block of 30 million shares in General Motors valued in the neighbourhood of $1.1 billion, a portion of the equity they received when they bailed out the automaker in 2009.
The Chevrolet Impala, long the standard-bearer for mediocre cars from Detroit, has made an amazing turnaround. Consumer Reports magazine has ranked the completely reworked 2014 version of the full-size car as its top U.S. sedan.
General Motors Canada broke an agreement with some of its retired workers when it slashed health care and life insurance benefits in 2009 in a bid to cut costs as part of its restructuring after the financial crisis, an Ontario court ruled Wednesday.