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.» Read More
DETROIT, Dec 10- General Motor Co's incoming president has gone to great lengths to prove that while he is the U.S. automaker's chief financial officer, he is not just a "bean counter."
*Akerson accelerates exit after wife's cancer diagnosis. *CFO Ammann named president, ex-Cummins CEO named chairman.
*Cardinal Health, CVS rise after JV announcement. *Rambus rallies after settling with Micron. There's no reason to think this is anything different than that, "said Paul Zemsky, head of asset allocation at ING Investment Management in New York.
DETROIT, Dec 10- General Motors Co Chief Executive Officer Dan Akerson will step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a global automaker. Barra will be GM's fifth CEO in less than five years since Rick Wagoner was forced out by the Obama administration in March 2009.
*Rambus rallies after settling with Micron. NEW YORK, Dec 10- U.S. stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-sensitive economic data.
*General Motors names first female CEO. General Motors Co was in the spotlight after the automaker said Chief Executive Dan Akerson will step down next month and be replaced by Mary Barra, the company's global product development chief.
DETROIT, Dec 10- General Motors Co said on Tuesday Chief Executive Officer Dan Akerson will step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a global automaker.
DETROIT, Dec 10- General Motors Co on Tuesday said Chief Executive Officer Dan Akerson would step down next month and be replaced by global product development chief Mary Barra, who will become the first woman to lead a major U.S. automaker.
DETROIT, Dec 10- General Motors Co on Tuesday said Chief Executive Dan Akerson will step down next month and be replaced by Mary Barra, the company's global product development chief, marking the first time a major U.S. automaker has been led by a woman.
WASHINGTON, Dec 9- The U.S. government sold its last shares of automaker General Motors Co on Monday, marking an end to a historic bailout of one of America's most storied companies. The money pumped into the industry came from a $700 billion pool of funds Congress had assembled to shore up the banking system and fight a growing panic on Wall Street.
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.