dan akerson
GM Won’t Pay Back Government Bailout Loss
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Soon-to-retire General Motors CEO Dan Akerson maintains that the U.S. government’s choice to bail out the Detroit giant saved money despite losses after the Treasury Department offloaded its remaining shares.
Larger Cadillac Sedan Confirmed by General Motors CEO
Within the next two years, Cadillac will launch a model larger than its XTS sedan according to General Motors CEO Dan Akerson.
General Motors Assembles Team to Study Tesla
General Motors CEO Dan Akerson believes Tesla could become a disruptive force in the automotive industry and is moving to ensure the American automaker doesn’t get caught off guard.
GM CEO Wants Opel Cascada, Adam Models Added to Buick Lineup
At an investor’s conference at General Motors‘ Detroit proving grounds this month, CEO Dan Akerson expressed his desire to add the Opel Adam and Cascada to the Buick model lineup.
GM CEO Dan Akerson Auctioning Personal 1958 Corvette
Dan Akerson will be auctioning off his classic 1958 Chevrolet Corvette with all its proceeds benefiting the Habitat for Humanity Detroit.
GM CEO Decries Loose Lipped Workers
Dan Akerson, CEO of General Motors, is more than a little upset that workers seem to be disloyal to their employer, something he made clear during an employee meeting and conference call on Thursday.
General Motors and PSA Peugeot Citroën Sign Partnership
General Motors and PSA Peugeot Citroën inked a deal yesterday that will see the companies partnering to further their interests in Europe. “This partnership brings tremendous opportunity for our two companies,” said Dan Akerson, GM chairman and CEO. “The alliance synergies, in addition to our independent plans, position GM for long-term sustainable profitability in Europe.” The…
Chevrolet Volt Fire Solution Expected Soon, Coolant Leak May Be The Culprit
General Motors is moving closer to a solution for the fires that occurred in Volts after crash testing earlier this year. Fox News reported yesterday that, according to an unnamed source, fires sparking inside Chevrolet‘s lauded green car might be caused by coolant crystallizing on the car’s battery after a crash, leading to a short…
General Motors Regional Divisions Now Profitable, Opel Included
While General Motors seemed desperate to sell Opel back in 2009, GM CEO Dan Akerson now says that the terms of the sale were a “bad deal” and that Opel, along with GM’s other global divisions, are now profitable. Nick Reilly, GM’s European president, said that GM Europe will be profitable – albeit not by…
Dan Akerson, CEO of General Motors Buys 10,000 GM Shares
Yesterday, the CEO of General Motors, Dan Akerson purchased $250,500 in shares of the automaker, buying 10,000 shares at $25.05. As of yesterday, Akerson owns 103,600 shares in the company. This last week has seen the worst stock market decline since 2008, with the crash has wiping out more than $6.7 billion from the value of…
GM Posts $2.5 Billion Second Quater Profit
General Motors has announced a second quarter net income of $2.5 billion or $1.54 per fully diluted share. By comparison, GM’s Q2 2010 performance showed a net income of $1.3 billion or 85 cents per diluted share. Revenue has increased from $6.2 billion to 39.4 billion compared to the second quarter of 2010. Earnings before interest and…
Hydrogen Fuel Cells Still Not Practical Says GM CEO Dan Akerson
GM’s CEO Dan Akerson believes that the hydrogen fuel cell vehicle won’t be feasible until at least 2020. Let’s hope GM calls the right prediction this time. “We’re looking at hydrogen fuel cells, which have no carbon emissions, zero,” said Akerson. “The car is still too expensive and probably won’t be practical until the 2020-plus…
GM Confirms Commitment to Opel, No Plans to Sell Says CEO Akerson
Nevertheless, speculation, particularly in the German media continues, with reports that GM is ‘reviewing options’ for its European unit, with possibly Volkswagen AG and Bejing Automotive Industry Holding Co being named as potential buyers.
GM Still Looking To Recoup Taxpayer Investment From Government
General Motors CEO Dan Akerson is looking forward to the day when he can relax on his yacht, sipping Mai Tais on the deck…and knowing full well that the federal government has finally sold its stake in GM, and has completely divulged itself from the company as it did with Chrysler. But it’s still a…
GM CEO Dan Akerson Takes A Cheap Shot At Ford’s Lincoln Brand
General Motors CEO Dan Akerson discussed the future product line of his company in an interview and bashed the Lincoln brand while at it . Akerson began the interview explaining that next year, GM will unveil a powerful bifuel engine for commercial trucks that will run on compressed natural gas or gasoline. He then spoke of…
General Motors To Spend $2 Billion On Factory Upgrades
General Motors will invest $2 billion across 17 plants, as the company retools existing plants to build new products and hire more workers. GM confirmed that their Toledo, Ohio plant would receive $250 million in improvements and create 250 new jobs. CEO Dan Akerson didn’t announced which plants would be infused with new capital, but the Detroit-Hamtramck…
General Motors Plans To Cut Volt Costs Are “On Track”
A program initiated by General Motors CEO Dan Akerson meant to cut $10,000 from the cost of the Chevrolet Volt is well under way, according to a report by the Detroit News. “We have a cost reduction plan all the way through 2020 and Generation 3,” said Alan Taub, vice president for global research and…
Cadillac Will Send XTS, ATS To Europe
British radio personality Tim Westwood may have bought a Cadillac Escalade, but the brand has had inconsequential sales throughout Europe for its entire life. Even GM’s poor attempt at a Euro-friendly Caddy, the ill-fated BLS sedan. The misfortunes of Cadillac hasn’t stopped GM CEO Dan Akerson, who was quoted by Autocar as saying “The only thing you…
GM CEO Chris Liddell Steps Down, Replaced By Treasurer Dan Ammann
After 14 months on the job and one IPO, General Motors CFO Chris Liddell is stepping down, and will be replaced by treasurer Dan Ammann. Liddell was viewed as a potential successor to CEO Dan Akerson, but said he wants to move on from his CFO position, after having previously holding the title at Microsoft…
General Motors Cuts $10,000 From Volt, Plans For Higher Oil Prices
For all the dismissive attitudes surrounding GM CEO Dan Akerson, his latest machinations seem particularly astute, even if they don’t quite jibe with the tastes of “car guys”. For months, Akerson has been creating a contingency plan for when oil prices rise to $120 per barrel. Akerson is on record stating that “I don’t think…
General Motors Targeting 150,000 EVs by 2015 Says CEO
General Motors is working on a plan to more than triple sales of electric cars in the near future says company CEO Dan Akerson. According to a report by Automotive News, Akerson wants to reach this goal by the middle of the decade. Arguably, tripling sales of GM’s current EVs (ie. the Chevy Volt) wouldn’t…
Cadillac SRX Plug-In Hybrid in the Works; Plus More Voltec Models from Chevy
With General Motors recently announcing plans to increase production of the Volt, it now appears poised to bring that revolutionary technology to even more consumers through varied packages. Recently GM applied for trademarks on the Amp and Strobe – with the Amp rumored to be a production version of the Volt MPV5 concept, itself based…
GM Announces 1,000 New Jobs In Michigan For EV Research
General Motors has announced that it’s hiring 1,000 people over the next couple years to help improve electric vehicle related infastructure, as well as charging, motor and battery technology. While the jobs aren’t as glamorous as developing the next generation of electric vehicles, there’s no question that without any of the above, EVs will forever…
GM IPO Begins First Day Of Trading
General Motors long awaited IPO began trading on Thursday, and was up approximately $2 as of 12 noon, Thursday. Listed at $33 a share, the stock price quickly climbed to $35 a share, as GM’s CEO Dan Akerson rang the opening bell at the New York Stock Exchange. IPO’s are often volatile, with new startup…
