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GM Announces Major Shakeups In European, Australian Operations
Friday, December 13, 2013 - 4:46pm | 934Read More...The past two weeks have been a whirlwind of news for General Motors (NYSE: GM). Not only has the automaker emerged from government bailout and named its first female CEO, it's also been announcing some dramatic changes to its international operations. On Thursday, GM said it was selling its...
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Market Wrap For December 10: Fed Meeting One Week Away
Tuesday, December 10, 2013 - 5:41pm | 1996Read More...After starting the week hitting record closes yesterday, major indices slipped in today's trading session. Investors are anxiously awaiting next week's Federal Reserve meeting which it is becoming more and more apparent that tapering is set to begin sooner, rather than later. The meetings will...
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General Motors CEO Could Be Leaving in 2014
Friday, November 15, 2013 - 2:06pm | 262Read More...Reuters has reported that Dan Akerson could be leaving his position as Chief Executive Officer at General Motors (NYSE: GM) as early as next year. The 65-year-old joined GM in 2009 when he was named to the board of directors as a representative of the U.S. Treasury, which owned a 61 percent...
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General Motors Posts Earnings Beat, Sees Europe Weakness
Thursday, August 2, 2012 - 10:11am | 276Read More...General Motors (NYSE: GM) rose Thursday after second-quarter earnings fell less than expected and the automaker posted a slightly narrower-than-expected loss in Europe. Excluding items, net income fell to $1.5 billion, or 90 cents a share, down from $2.5 billion or $1.54 a share in the same period...
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Chevrolet Invests $40M in Clean Energy Projects
Thursday, November 18, 2010 - 2:02pm | 110Read More...Chevrolet announced today that it will invest $40 million in various clean energy projects throughout America with a goal to reduce 8 million metric tons of carbon dioxide emissions. The initiative is based on projects that promote energy savings, renewable energy, responsible use of natural...
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GM Hopes To Raise More Than $10 Billion In IPO
Tuesday, November 2, 2010 - 10:46am | 199Read More...General Motors is planning on its IPO this month and is hoping to raise more than $10 Billion that could help the company pay back the U.S Treasury. The Treasury Department has a 61% stake in General Motors currently and is expected to offer 365 million shares at $26 to $29 each according to...
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GM CEO Wants the Company to Be More Aggressive
Thursday, September 16, 2010 - 9:20am | 36Read More...According to CNBC, GM CEO, Dan Akerson, said today in a press conference that he wants the company to be more aggressive and move faster in the future. Akerson did not comment on the GM IPO.
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GM's Akerson: Another Outsider for Detroit
Monday, August 16, 2010 - 11:27am | 219Read More...Once again,General Motors has reached outside the auto industry for its top leadership. Former telecom and turnaround executive Dan Akerson will replace telecom exec Ed Whitacre at GM, while Boeing (NYSE: BA) veteran Alan Mulally will continue to run Ford (NYSE: F). Of the Detroit three, only...
