Dan Akerson
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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.
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*Company lost $1.8 bln in Europe last year. DEARBORN, Mich., March 15- Ford Motor Co slashed the 2012 compensation of its chief executive officer by 29 percent, in part because the No. 2 U.S. automaker missed some key goals for market share, profit and cash flow, the company said on Friday.
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HOUSTON/ DETROIT, March 6- General Motors Co aims to save fuel by trimming the weight of its vehicles even as it develops electric cars with a driving range of up to 200 miles to eliminate the need for gasoline altogether, the U.S. automaker's chief executive said on Wednesday.
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HOUSTON, March 6- General Motors Co is targeting a reduction in the weight of its vehicles of up to 15 percent through the 2016 model year, the U.S. automaker's top executive said on Wednesday. "We will reduce vehicle mass," Chief Executive Dan Akerson said in a speech he is scheduled to deliver at the IHS CERAWeek energy conference in Houston. "
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*Deep discounts, upscale models pose risk to Opel. Both Opel and Chevrolet are owned by U.S. carmaker General Motors and Ben Hassine's experience is symptomatic of a rivalry that has developed between the two brands and risks damaging both. It plays a crucial role for the group in every major market except one- Opel's home turf of Europe.
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DETROIT, Feb 27- General Motors Co gave Chief Executive Dan Akerson an $11.1 million pay package last year, a GM official familiar with the matter said on Wednesday, after the CEO's salary came under scrutiny this week. Akerson's compensation last year also includes $1.7 million in cash, $7.3 million in stock and other incentives.
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DETROIT, Feb 26- General Motors Co denied on Tuesday media reports that the automaker asked U.S. officials to allow for a pay increase of more than 20 percent for Chief Executive Dan Akerson. GM said the documents were misinterpreted and leaked for "political points" before a U.S. House Oversight and Government Reform Committee hearing on Tuesday.
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DETROIT, Feb 26- General Motors Co denied reports that the company asked U.S. officials to allow for an increase in 2013 compensation for Chief Executive Dan Akerson. The largest U.S. automaker submitted a request to U.S. officials to pay Akerson $9 million for 2013, about the same as his 2012 and 2011 pay packages, GM said on Tuesday.
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WASHINGTON, Jan 31- The White House on Thursday disbanded President Barack Obama's jobs council, a group of high-profile chief executives who gave advice on how to spur employment growth, even as 12 million Americans remain out of work. White House spokesman Jay Carney said the council was set up with a two-year lifespan that was now expiring.
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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.
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General Motors Co and Chrysler, which along with Ford Motor Co gave the Motor City its identity, survived near-death experiences after filing for bankruptcy during the financial crisis. Now, Detroit itself is edging closer to a similar precipice, only unlike the automakers, its chances of getting a federal bailout are almost nonexistent.
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DETROIT, Jan 23- General Motors Co's North American president, Mark Reuss, was considered for the top job at the U.S. automaker in 2010 before his lack of seasoning led the board to the current chief executive, Dan Akerson, according to an excerpt from a forthcoming book by GM's former CEO, Ed Whitacre.
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*GM sees product push driving Opel recovery. DETROIT, Jan 15- General Motors Co vowed to stick with a gradual approach to Opel restructuring despite mounting skepticism about its chances and signs of French pressure for a more transformative tie-up with PSA Peugeot Citroen.
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DETROIT, Jan 15- General Motors Co said on Tuesday that it expects its operating profit to rise "modestly" this year with improved results anticipated in each region because of new vehicles and greater demand in the United States and China.
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PARIS, Jan 15- French Finance Minister Pierre Moscovici said on Tuesday he would not confirm or deny reports that carmaker PSA Peugeot Citroen could buy alliance partner General Motors' troubled Opel unit in Europe.
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Jan 14- General Motors CEO reiterated its Opel unit was not for sale, following a French media report that PSA Peugeot Citroen could take over the troubled European arm of the U.S. automaker. "Opel is not for sale," CEO Dan Akerson told reporters at the Detroit auto show. "
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Jan 14- General Motors CEO reiterated its Opel unit was not for sale, following a French media report that PSA Peugeot Citroen could take over the troubled European arm of the U.S. automaker. "Opel is not for sale," CEO Dan Akerson told reporters at the Detroit auto show. "
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PARIS/ DETROIT, Jan 11- The U.S. car market's rebound may be slowing- but it still looks like the best bet to many of the global industry's top brass as they converge on Detroit for the 2013 auto show.
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*Boeing says overcharging can lead to battery fire. *Boeing designed 787 to prevent overcharging, contain fires. DETROIT/ NEW YORK, Jan 9- An electrical fire on Boeing's new 787 Dreamliner is drawing renewed scrutiny for lithium-ion batteries, an increasingly important component in planes and hybrid cars.
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Jan 9- Boeing Co rolled out the Dreamliner's chief engineer to try to quell concerns about the new jet following three mishaps in as many days, including an electrical fire that caused severe damage to a plane.
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Jan 9- Boeing Co rolled out the Dreamliner's chief engineer to try to quell concerns about the new jet following three mishaps in as many days, including an electrical fire that caused severe damage to a plane.