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.
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.
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.
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.
General Motors Chief Executive Dan Akerson could step down as early as next year, according to people close to the matter.
GM's CEO, Dan Akerson, told an automotive conference in Detroit that a female executive taking over a Big Three automaker was inevitable.
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.
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.
General Motors reported lower third-quarter earnings, earning solid profits in its strong US business, but weighed down by widening losses in Europe.
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.
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.