GM’s Dan Akerson wants to change the company as soon as possible

Article by Christian Andrei, on December 21, 2011

Under Dan Akerson’s leadership, General Motors was kept moving at a quicker pace. However, he wasn’t able to accomplish that by staying quiet. In fact, GM’s chairman and chief executive, is very candid. He criticizes rivals’ cars and talks abut the company’s bureaucracy out in public. He calls the Prius hybrid “a geek-mobile” and he said that Ford should “sprinkle holy water" on the Lincoln luxury brand.

He said that what makes him upset at the plant is the “resistance to change.” GM hopes for profits to continue to flow and for the company to recover. GM presently has a range of cars and trucks that are experiencing good sales. For almost two straight years, the company has been profitable.

But portfolio managers have again become attracted to its stock even as it is trading below analysts' targets. Akerson’s work has only just started and so far, it has encountered obstacles. There is a federal investigation on battery fires in the Chevrolet Volt electric car. He also has to resolve the money-losing European operations. [source: TheChronicleHerald]

Topics: gm, dan akerson

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