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Dan Akerson

  • DETROIT, Oct 2- It could be a defining element of Chief Executive Mary Barra's legacy at General Motors Co: A drastic shift over the next 10 years from 26 global vehicle production platforms to just four by 2025, a bold stroke that could eventually save the U.S. automaker many billions of dollars in production costs. However, to get there GM faces a challenge of...

  • DETROIT, Sept 24- The U.S. Treasury last year permitted top executives at General Motors Co and Ally Financial Inc to collect "excessive pay" while those companies were part of a taxpayer-funded government loan program, a special inspector general reported on Wednesday. In April, Treasury said it lost $11.2 billion on the $49.5- billion GM bailout.

  • Ford's CEO Fields gets 9 pct raise in annual salary Wednesday, 2 Jul 2014 | 10:07 AM ET

    DETROIT, July 2- Ford Motor Co said on Wednesday its new chief executive officer, Mark Fields, will receive a 9 percent increase in his base salary, as well as stock options and a performance-based bonus.

  • *325- page report to be scrutinized by Congress. WARREN, Mich., June 5- General Motors Co on Thursday issued a report detailing how for 11 years it turned a blind eye to an ignition-switch problem linked to at least 13 deaths but largely pinned the blame on incompetent lower-level employees, leaving top brass untouched.

  • WARREN, Mich., June 5- General Motors Co suffered from "incompetence and neglect" in dealing with a long-running ignition-switch defect in vehicles linked to at least 13 deaths, CEO Mary Barra said on Thursday, as she announced the creation of a fund to compensate victims.

  • WARREN, Mich., June 5- General Motors Co has found senior executives were not to blame for a delayed vehicle recall involving defective ignition switches linked to at least 13 deaths, a person familiar with the matter told Reuters on Thursday. The findings, first reported by the Wall Street Journal, are expected to be made public later on Thursday.

  • WARREN, Mich., June 5- General Motors Co's internal probe of its delay in recalling vehicles with defective ignition switches linked to at least 13 deaths said senior managers were not to blame, a person familiar with the matter told Reuters on Thursday. The findings, first reported by the Wall Street Journal, are expected to be made public later on Thursday.

  • June 4- An internal probe of General Motors Co's delay in recalling cars with defective ignition switches linked to at least 13 deaths is expected to conclude there was no concerted coverup and clear senior management of blame, the Wall Street Journal reported, citing people familiar with the matter.

  • June 4- An internal probe of General Motors Co's delay in recalling defective cars is expected to conclude there was no concerted coverup, the Wall Street Journal reported, citing people familiar with the matter.

  • GM awarded former CEO Akerson about $9M in 2013 Friday, 25 Apr 2014 | 4:25 PM ET
    Dan Akerson, former CEO of General Motors

    Former GM CEO Dan Akerson's compensation fell 18 percent last year to just over $9 million, which the firm said was due to the timing of stock awards.

  • Musk, Mulally steer auto industry to new paths Friday, 7 Feb 2014 | 7:00 AM ET
    Alan Mulally, president and CEO of Ford Motor Co. and Elon Musk, CEO of Tesla Motors.

    One is a maverick. The other, a master of the turnaround. But what they share is the belief you can do things better in the auto business.

  • New GM CEO to earn up to $4.4 million a year Friday, 17 Jan 2014 | 3:53 PM ET
    General Motors CEO Mary Barra attends the North American International Auto Show at Cobo Hall on January 16, 2014 in Detroit, Michigan.

    General Motors announced a new pay structure for its top executives that includes a cash base salary of $1.6 million for Chief Executive Mary Barra.

  • GM CEO Dan Akerson

    General Motors Chief Executive Dan Akerson could step down as early as next year, according to people close to the matter.

  • Is Detroit about to get a 'car gal' in charge? Thursday, 26 Sep 2013 | 12:46 PM ET
    Mary Barra

    GM's CEO, Dan Akerson, told an automotive conference in Detroit that a female executive taking over a Big Three automaker was inevitable.

  • GM to Invest $5.2 Billion in Germany’s Opel Thursday, 11 Apr 2013 | 1:22 AM ET
    General Motors headquarters in Detroit, Michigan.

    General Motors renewed a commitment to its loss-making European brand on Wednesday, pledging to invest 4 billion euros ($5.2 billion) in Opel by the end of 2016 to support new model launches.

  • Stuck in Reverse, Detroit Edges Closer to Bankruptcy Tuesday, 29 Jan 2013 | 1:58 AM ET
    Bentley GT Speed Convertible

    At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.

  • SEOUL, Nov 6- General Motors Co said it would not build its next-generation Chevrolet Cruze small car in South Korea, raising the possibility that it might shift the assembly to Europe to help boost efficiency at its money-losing unit there. Rocha said the new model would be built in five regions, including Europe, the United States and China, according to Choi.

  • European losses weigh down GM profits Wednesday, 31 Oct 2012 | 12:01 AM ET

    General Motors reported lower third-quarter earnings, earning solid profits in its strong US business, but weighed down by widening losses in Europe.

  • GM names new chief of Cadillac brand Tuesday, 9 Oct 2012 | 12:24 AM ET

    DETROIT-- General Motors has picked its top Washington lobbyist to lead the Cadillac brand worldwide. The company named Robert Ferguson on Tuesday to the new position of vice president of global Cadillac. Ferguson's lobbying duties will be assumed by Vice President of Communications Selim Bingol, who also will keep his current post in Detroit.

  • GM names Cadillac global brand chief Tuesday, 9 Oct 2012 | 12:19 AM ET

    Oct 9- General Motors Co has created the new position of global brand chief for Cadillac as the U.S. automaker looks to broaden global demand for the luxury line of vehicles.