General Motors Chief Executive Dan Akerson could step down as early as next year, according to people close to the matter.» Read More
DETROIT, Dec 6- General Motors Co's decision to pull the plug on Chevrolet in Europe is one of several calculated moves the U.S. automaker appears to be making around the world that analysts and investors say are long overdue if the automaker wants to boost profits in line with its rivals.
PARIS, Dec 4- The rush to Paris's Charles-de-Gaulle airport for flights to China began on Friday, Oct. 11. "There's a big exodus to China right now," a bemused trade unionist at the Paris- based company told Reuters that weekend. It has survived two world wars and become an emblem of France.
DETROIT, Nov 25- General Motors Co investors are focused on the possibility of stock buybacks or a dividend on common shares now that the U.S government has outlined its plans to sell the rest of its stake in the No. 1 U.S. automaker by year end, analysts said.
Nov 14- General Motors Co Chief Executive Dan Akerson could step down as early as next year though he has not formally notified the board of his plans and an official search for his successor has not yet begun, according to people close to the matter.
DETROIT, Nov 6- Consumers who call to complain about their General Motors Co car or truck should not be surprised if they end up bending the ear of the fast-rising executive in charge of putting a friendlier face on the U.S. automaker.
Recent independent moves by SAIC outside China had been seen by some industry insiders and experts as signalling the two companies might be drifting apart, but GM's top China executive said it was merely a consequence of its state-owned partner's growing maturity as an automaker.
DETROIT, Oct 23- General Motors Co's ability to reverse years of losses in Europe is coming down to products, not partners. The U.S. automaker appears to be gaining confidence that it doesn't need the help of France's PSA Peugeot Citroen or any other partner to stem more than $18 billion in European losses over the past 13 years.
DETROIT, Oct 20- The Mexican auto industry is about to go on a $10 billion factory building spree, illustrating the nation's rising economic challenge to rivals from the United States to China.
WASHINGTON, Oct 16- General Motors Co will begin selling a mid-sized sedan next summer that can be powered by either gasoline or compressed natural gas, the U.S. automaker's chief executive said on Wednesday.
PARIS/ LONDON, Oct 14- General Motors scaled back cooperation with Peugeot months into their alliance and later turned down a government-backed merger, leaving China's Dongfeng as the French carmaker's last hope, people familiar with the matter said.
DETROIT, Oct 11- The U.S. Treasury said it sold another $570.1 million worth of General Motors Co common stock last month as it moved toward exiting its holdings in the automaker by the end of March 2014.
Oct 2- In Wall Street's retelling of the biblical Book of Samuel, General Motors Co is Goliath and electric car maker Tesla Motors Inc is David, the would-be giant slayer. Tesla's market value has soared 470 percent this year to $23 billion, while GM has risen a relatively modest 25 percent to $50 billion.
Reuters reported in June that the founding family of PSA Peugeot Citroen had offered to give up control of the automaker as it tried to revive plans for a closer tie-up with GM backed by a fresh capital injection.
DETROIT, Sept 25- General Motors Co's chief executive said on Wednesday he envisioned a woman running one of the three U.S. automakers one day, and that it was inevitable in an industry where half the customers are female.
Treasury has sold another block of shares in General Motors Co, reducing its stake to 7.3 percent as it moves toward exiting its holdings in the automaker by the end of March. The U.S. government, which originally took a 60.8 percent stake in GM as part of its $49.5 billion bailout of the company in 2009, said it had recovered about $35.4 billion of its investment.
Treasury has sold another block of shares in General Motors Co, reducing its stake to 7.3 percent as it moves toward exiting its holdings in the automaker by the end of March.
Treasury has sold another block of shares in General Motors Co, reducing its stake to 7.3 percent as it moves toward exiting its holdings in the automaker by the end of March. The U.S. government, which originally took a 60.8 percent stake in GM as part of its $49.5 billion bailout of the company in 2009, said it has recovered about $35.4 billion of its investment.
PARIS, Aug 29- Renault second-in-command Carlos Tavares abruptly stepped down on Tuesday, reviving speculation that he could join one of the U.S. carmakers as a potential CEO candidate.
SEOUL, Aug 12- General Motors Co. has begun gradually cutting its presence in South Korea after mounting labor costs and militant unionism triggered a rethink of its reliance on the country for a fifth of its global production, three individuals familiar with GM's thinking said.
TRAVERSE CITY, Mich., Aug 8- General Motors Co's financial chief said on Thursday that the U.S. automaker has no current plans to pay a dividend on its common shares, a move that many investors have longed for. "We're not paying a dividend at this point," Chief Financial Officer Dan Ammann told reporters on the sidelines of a conference in northern Michigan. "