How GM IPO won over US funds with vows of change


* U.S. mutual funds emerged as surprise bulwark in GM IPO * GM vows of change, balance sheet reform won converts * Sovereign wealth funds balked at higher GM share price By Soyoung Kim, Clare Baldwin and Kevin Krolicki NEW YORK/DETROIT, Nov 18 (Reuters) - One of the first signs General Motors Co was driving toward a record-setting IPO with booming demand from U.S. investors came from an unlikely indicator: a sudden shortage of chocolate mousse at an investor meeting. In one of the ...

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Feb 22, 2018

2018 Wards 10 Best Engines Ceremony

Today, WardsAuto begins posting videos from the 2018 Wards 10 Best Engines celebration, held during the North American International Auto Show. In this segment, editors Drew Winter and Tom Murphy kick off the event. Beginning tomorrow, videos with each winning automaker's acceptance speech will begin posting, one daily, in alphabetical order....More


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