General Motors Corp. agrees to sell its Hughes Electronics subsidiary to EchoStar Communications Corp. for nearly $26 million in stock and cash. GM will technically spin off Hughes and merge it with EchoStar in a tax-free deal. EchoStar is offering $5.5 billion in cash financing, half of which GM will provide as a bridge loan, and a 0.73 share of its stock for 0.75 of each Hughes share. The deal, subject to regulatory approval by the U.S. government, would give EchoStar control of 90% of ...

Premium Content (PAID Subscription Required)

"Around the Industry" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.