Tag Archives: General Motors

Opel working on large car to sit above Insignia

Opel – the German arm of General Motors – is working on a flagship large car to sit above the Insignia. Opel CEO Karl-Friedrich Stracke told German publication Tagesspiegel his brand has started development of a new large car. “We need a ca

General Motors plans to buy $2.1 billion GM shares

In an effort to repay the US Treasury, General Motors has announced it is prepared to buy US$2.1 billion shares, after the company's initial public offering (IPO), to contribute paying off government debt. General Motors owed the US federal go

General Motors to pay CEO Dan Akerson $1.7 million per year

As reported by Bloomberg on Saturday, General Motors has decided to pay its new CEO, Dan Akerson, $1.7 million per year and provide him $5.3 million worth of stock throughout the next three years as a way of securing a long-term CEO. Akerson w

General Motors prepares for initial public offering

That's right. You, me and everyone else in between will soon be able to buy General Motors shares. The initial public offering (IPO) will also give large overseas investors the chance to take large stakes in the company, which is concerning the US Tr

Chris Perry to head General Motors marketing of Chevrolet

General Motors has been through four different CEOs in the past 18 months and now, for the fourth time in 13 months, the company will appoint a new marketing executive for the Chevrolet arm. Chris Perry will head the marketing faculty, taking over fr

General Motors CEO Edward Whitacre to resign on September 1

For the fourth time in the past 18 months, a General Motors CEO has decided to quit. Edward Whitacre announced yesterday he will resign as CEO of the company as of September 1, 2010. Mr Whitacre said during a recent conference, "It was obvious

General Motors pause production due to Hurricane Alex

General Motors has put a stop to three more production lines in Detroit due to Hurricane Alex interrupting a parts supply from Mexico. GM is said to have already paused six other production lines due to the same interruptions. GM's Fairfax pla