GM countered comments made by chairman Ed Whitacre
As you may know already, last week, chairman Ed Whitacre said in an interview that GM shares are likely to be priced between $20 and $25 in the initial public offering (IPO) in November.... Read more
GM’s latest shakeup reassigns product planning, development execs
From Vice Chairman Tom Stephens, the task of global product planning has now fallen to the lap of CEO Ed Whitacre. However, Stephens continues to wield control over product development,... Read more
Major leadership changes are done, says GM’s CEO Ed Whitacre
After having brought in new executives to run its finances, lobbying and North American operations, the "major leadership changes" for General Motors Co. are complete, according to a... Read more
GM wants to develop an internal replacement for CEO Ed Whitacre
There's speculation that General Motors Corp. will develop an internal replacement for CEO Ed Whitacre, most likely in a couple of years, according to two sources. Last week, Whitacre had... Read more
General Motors delayed its public stock offer filing until…
Sources reveal that General Motors Co.'s public stock offer filing has been delayed until... well, nobody knows for sure.
The company had recently submitted a filing with the US... Read more
General Motors repays U.S. and Canada $5.8 billion
General Motors announced that they made the final payment of $5.8 billion to the U.S. Treasury and Export Development Canada that helped them with the bailout.
"Our ability to pay... Read more
General Motors to make its second loan payment on March 31
General Motors will make its second loan payment to the U.S. and Canadian governments on March 31 and reaffirmed a plan to pay back its loans by mid-year.
The automaker will shell... Read more
Ed Whitacre is the new CEO of General Motors
Ed Whitacre, who has served as interim CEO of General Motors Co. since Dec. 1 and is now its chairman of the board of directors, will soon be announced as its permanent CEO, according to... Read more
Report: Opel labor boss wants to make deal with General Motors
In what is perceived to be a complete turnaround, Opel labor leader Klaus Franz had decided to negotiate a deal with General Motors Co. and has dropped opposition to grant 265 million... Read more
General Motors ready to get back in business?
General Motors' efforts to promote its new chairman, Edward Whitacre, have been met with much criticism.
It is effective though, since today, Whitacre is much more famous than when... Read more
Cadillac wants a new flagship sedan to take on the Mercedes-Benz S-Class
Cadillac's flagship will not be the XTS Platinum Concept that was revealed at this year's Detroit Auto Show. Instead, Cadillac is considering a more luxurious car - a big,... Read more
GM CEO Ed Whitacre wants more sales! Now!
The reorganizations of General Motors Co.'s sales and marketing divisions are fueled only be one thing -- Ed Whitacre's aim to sell more cars now, according to insider sources. Instead of... Read more
Ed Whitacre stepping down as GM CEO on September 1, will be replaced by Daniel Akerson
General Motors announced today that Ed Whitacre will step down as CEO on September 1 and that he will be replaced by Daniel Akerson, who joined the GM board in July 2009. Daniel Akerson... Read more
GM preparing to release new models sooner than expected
To counter losses in market share, General Motors is reintroducing leasing of select GM models and releasing new models sooner than expected. Last month, GM sales were down 19.4% and... Read more
GM pays back another tranche of the 1.5 billion euro Opel bridge loan
Amid the German government's supposed reluctance to provide 4.5 billion euros in the restructuring of OpelVauxhall, General Motors has paid back another tranche of a 1.5 billion euro... Read more
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