General Motors Chief Executive Dan Akerson could step down as early as next year, according to people close to the matter.» Read More
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. "
DETROIT, Aug 2- General Motors Co said on Friday it has split the critical China operations from its international unit, which will now be run by the former chief executive of Swedish automaker Volvo. The moves will allow the company to focus more on China, the world's largest automotive market, as well as other fast-growing, emerging markets, GM said.
DETROIT/ YUMA, Ariz., July 29- U.S. automakers have embarked on an ambitious drive to hire software "codaholics," an effort that is increasingly pitting Detroit against its technology partners in Silicon Valley.
*Combining Peugeot and Opel would hit political opposition. LONDON/ PARIS, June 27- PSA Peugeot Citroen's founding family has offered to give up control of the troubled French automaker as it tries to revive plans for a closer tie-up with General Motors backed by a fresh capital injection, sources said.
*GM hopes to communicate Chevy, Opel differences more clearly. GM Chief Executive Dan Akerson told reporters on Wednesday that the Detroit company needed a "fresh perspective" for the Chevy brand in Europe, including a reassessment of how Chevy and Opel fit together in terms of price, vehicle content and where the brands are sold.
WARREN, Mich., June 26- General Motors Co's introduction of its redesigned full-size pickup trucks, which are critical to boosting profits, has probably been the U.S. automaker's smoothest product launch ever, Chief Executive Officer Dan Akerson said on Wednesday.
WARREN, Mich., June 26- General Motors Co's launch of its redesigned full-size pickup trucks, which are critical to boosting profits, has been probably the best ever at the U.S. automaker so far, Chief Executive Dan Akerson said on Wednesday.