General Motors announced more than $30 million of investment in its Pontiac Stamping Plant earmarked for tooling and equipment to enhance the plant’s manufacturing capabilities. “GM continues to invest in our manufacturing operations to ensure we have the technology and equipment we need to build whatever our vehicle designers develop,” said Gerald Johnson, GM manufacturing [...]
Grubb & Ellis Company released its 2011 Real Estate Forecast, which foresees the start of a slow recovery in the leasing market for all property types in the coming year. Activity in the investment market, which began its recovery earlier than anticipated in 2010, will expand beyond assets at the top and bottom of the [...]
Panasonic Corporation and Tesla Motors announced that Panasonic has invested $30 million in Tesla. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 per share. The investment builds upon a multi-year collaboration of the two companies to accelerate the market expansion of the electric [...]
As the U.S. Securities and Exchange Commission (SEC) weighs feedback on how to implement new financial reforms enacted by Congress, a major new national survey of investors shows that most U.S. investors are confused about which financial professionals are required to operate under a “fiduciary standard” requiring the financial professional to put their client’s interest [...]