Cars
Speaking at a recent Detroit Economic Club forum, General Motors Chairman and CEO, Dan Akerson told reporters that while GM is performing admirably in the U.S., the mounting European debt crisis is forcing the Detroit automaker to rethink its strategy in the Old Continent.
- Detroit's Big 3 To Record Us$4 Billion Combined Losses This Year Due To European Car Sales Slump
After the U.S. market meltdown, which resulted in General Motors and Chrysler receiving a bailout, the two automakers along with Ford recovered quickly and are now posting near-record profits. However, it seems that Detroit's Big Three have to face...
- Morgan Stanley Report Says Gm Should Get Rid Of Cash-bleeding Opel
General Motors is keeping its Opel/Vauxhall European brands, despite losing money. In an attempt to reduce costs, utilize its plants’ output and face the European financial crisis, it has formed an alliance with PSA Peugeot Citroen. Yet analysts...
- Gm Wants To Start Building Cadillacs Abroad By The End Of 2012
While speaking to the media, General Motors CEO Dan Akerson revealed plans to expand Cadillac production outside of North America by the end of 2012 as part of the Detroit firm’s efforts to make its premium brand a “true global marqueâ€....
- Business As Usual At Gm: Akerson To Replace Whitacre As Ceo
And yes, another CEO "quits" GM. Today, Edward Whitacre announced plans to resign as chief executive officer of the Detroit automaker on September 1, 2010, and as chairman of the board by the end of the year. He will hand over both positions...
- Gm To Shut Down Antwerp Plant In Belgium, Announces More Cuts For Opel / Vauxhall
General Motors has turned its focus on its European division as a little after the announcement on its decision to wind down its Saab unit, the U.S. carmaker revealed that it intends to close Opel's manufacturing plant in Antwerp, Belgium, which...
Cars
GM CEO Says European Crisis Forces Company to Reevaluate its Operations
Speaking at a recent Detroit Economic Club forum, General Motors Chairman and CEO, Dan Akerson told reporters that while GM is performing admirably in the U.S., the mounting European debt crisis is forcing the Detroit automaker to rethink its strategy in the Old Continent.
However, Akerson did not elaborate on what GM plans to do about the group’s two European brands, Opel/Vauxhal and Chevrolet.
Read more »- Detroit's Big 3 To Record Us$4 Billion Combined Losses This Year Due To European Car Sales Slump
After the U.S. market meltdown, which resulted in General Motors and Chrysler receiving a bailout, the two automakers along with Ford recovered quickly and are now posting near-record profits. However, it seems that Detroit's Big Three have to face...
- Morgan Stanley Report Says Gm Should Get Rid Of Cash-bleeding Opel
General Motors is keeping its Opel/Vauxhall European brands, despite losing money. In an attempt to reduce costs, utilize its plants’ output and face the European financial crisis, it has formed an alliance with PSA Peugeot Citroen. Yet analysts...
- Gm Wants To Start Building Cadillacs Abroad By The End Of 2012
While speaking to the media, General Motors CEO Dan Akerson revealed plans to expand Cadillac production outside of North America by the end of 2012 as part of the Detroit firm’s efforts to make its premium brand a “true global marqueâ€....
- Business As Usual At Gm: Akerson To Replace Whitacre As Ceo
And yes, another CEO "quits" GM. Today, Edward Whitacre announced plans to resign as chief executive officer of the Detroit automaker on September 1, 2010, and as chairman of the board by the end of the year. He will hand over both positions...
- Gm To Shut Down Antwerp Plant In Belgium, Announces More Cuts For Opel / Vauxhall
General Motors has turned its focus on its European division as a little after the announcement on its decision to wind down its Saab unit, the U.S. carmaker revealed that it intends to close Opel's manufacturing plant in Antwerp, Belgium, which...