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Shares of Tesla Motors Inc. climbed in their trading debut after the electric car maker’s expanded initial public offering raised more money than expected.
Tesla’s performance was a feat in a sour market that has forced many companies looking to raise funds through IPOs to accept lower prices to get deals done. Get the full story »
General Motors Co. is looking to boost auto sales by lining up banks and other financial institutions to make loans and lease deals for buyers with poor credit.
The talks lessen the likelihood of GM trying to buy the auto finance business from Ally Financial Inc., its main lender. They also make it less likely that GM would start its own auto financing unit. Get the full story »
Cadillac it will offer buyers of 2011 vehicles free regular service for four years after purchase or for the first 50,000 miles.
The Cadillac Premium Care Maintenance program covers oil changes, tire rotations, filter changes and vehicle inspections. The first 2011 Cadillacs arrive at dealerships in late summer.
The move by Cadillac, which is owned by General Motors, follows a similar program announced last week by Ford for its Lincoln brand.
