We've been hearing word of a 200-mile EV from Chevrolet for a while now. First, there was General Motors then-CEO Dan Akerson hinting at a $30,000, 200-mile EV that would take the competition by surprise. Then Akerson confirmed that GM is working on a 200-mile EV in a speech in March. LG Chem, which supplies batteries to GM and other automakers, recently said it was working on batteries for EVs with a range of 200 miles. GM's head of global product development Mark Reuss just re-confirmed that t
Hey Detroit, Where's The EV That Can Challenge California?
Last year, then-CEO of General Motors, Dan Akerson, made it clear that the company lookouts at the Ren Cen had California automaker Tesla in their sights. "If you want to compete head-to-head with Tesla, and we ultimately will, you want to do it with a Cadillac," he said.
Reports are coming in that Mary Barra, the first female leader of a major automaker, will make $14.4 million this year, some $10 million more than previously reported and over $3 million more than her predecessor, Dan Akerson, made in 2012. In fact, it's 60 percent more than Akerson made in 2013, according to TheDetroitBureau.com.
When General Motors' top executive Mary Barra broke through the automotive glass ceiling to become the industry's first major female CEO, it was heralded as a long-overdue decision that highlighted the fact that the auto industry is still a quite bit stodgy. That was underscored late Friday when GM released how much it will pay Barra for taking on this huge job – and it's not a heartwarming figure.
On page four of a five-page BusinessWeek article entitled "The Inside Story of GM's Comeback and Mary Barra's Rise," there's a single paragraph that mentions General Motors CEO Dan Akerson hinting at "a next generation of electric vehicle.... [A] compact car that can go 200 miles on a charge and carry a generator, too." The article says "it will be similar to the Volt," however it notes that the candidate generators "could run on gas, diesel, or natural gas," and the package is being mooted to s
One would expect that as the CEO of one of the largest automakers in the world, the pay would be pretty darn competitive. And for the just-announced incoming CEO of General Motors, Mary Barra, the financial compensation package could well be substantially rosier than it was for her predecessor. That's because she'll be the first exec at the company's helm since the federal government sold off its remaining interest in the company earlier this week.
Already there are many signs that suggest General Motors CEO Dan Akerson will retire next year, but he hasn't formally announced his plans to GM's board, The Economic Times reports, and the search for a new CEO apparently hasn't started. If Akerson retires next year, as is speculated, the move would come sooner than when was expected when he took the job back in 2010.
As we suspected back in May based on spy shots, Chevrolet is adding a bi-fuel version of the tenth-generation Chevy Impala that can run on both regular gasoline and compressed natural gas (CNG). Unveiled today in Washington, D.C. by General Motors CEO Dan Akerson, the new bi-fuel Impala will be offered to both retail and fleet customers, and Chevy points out that it is the only manufacturer-produced, fullsize bi-fuel sedan in North America. Outside suppliers offer add-on CNG kits, but this new I
Mary Barra, the current Executive Vice President, Global Product Development for General Motors and widely believed to be a leading candidate to succeed current GM CEO Dan Akerson, has been named to the Fortune's Top 50 Women in Business list for the second year in a row.
Running a Detroit auto company won't be a good ol' boys club forever, at least according to the Chairman of General Motors, Dan Akerson. Speaking at the 2013 Michigan Automotive Summit this week, Akerson said that a female CEO was "inevitable," with some sources suggesting the comment may have been a reference to Mary Barra, GM's Senior Vice President of Global Product Development, one of the executives tipped to be in the running to succeed Akerson when he retires.
Cadillac will be taking on Tesla Motors, the underdog EV manufacturer that's seen heaps of critical acclaim and stock market buzz with its most recent sedan, the Model S. "If you want to compete head-to-head with Tesla, and we ultimately will, you want to do it with a Cadillac," Dan Akerson, the chairman and CEO of General Motors, told media in Washington, according to The Detroit News.
What do you do if you're in a job with no upward mobility? Admittedly, most of us just stick it out while secretly hoping our boss is sacked for all those paperclips he's been swiping, netting us a nice, shiny promotion. Then again, most of us aren't the number two at Renault, like Carlos Tavares.
The Chevrolet Volt's 38-mile electric range leaves something to be desired, despite being able to run nonstop for hundreds more miles when the range-extending gasoline generator kicks in. General Motors CEO Dan Akerson has recognized this and let slip that he wants to see the next-generation Volt get a significant electric-range increase, Bloomberg reports in a recorded interview with Akerson. The CEO says significant to him means 20 percent - "50 to 60 miles, or more," he adds - and remarks tha
It seems that during a recent affair showing off the 2014 Cadillac CTS, General Motors CEO Dan Akerson confirmed reports regarding a new Cadillac flagship sedan. According to USA Today, which Akerson was visiting, he said that a sedan larger than the XTS would debut within the next two years.
Electric vehicle maker Tesla has had some good days lately as sales of the Model S have exceeded expectations as much as the company's profits, thanks in no small part to innovative thinking that has resulted in mass sales of ZEV credits to other manufacturers, free charging stations, 90-second battery swaps and manufacturer-owned dealerships. All of this has the attention of General Motors, who views Tesla as a disruptive force to the auto industry and as a threat to the 104-year-old automaker.
According to Automotive News, General Motors CEO Dan Akerson has his eye on a couple of overseas models for Buick. The General's funky Opel Adam subcompact and Cascada four-place convertible are apparently on the executive's wish list, as he openly expressed regret that they weren't developed for the US during an investor conference earlier this month.
Universities are right now trotting out Grade-A commencement speakers to motivate this year's graduating class of collegiates to change the world, or at least vacate their parents' property before the age of 30. Some of the most inspiring commencement speeches of all time include the one Steve Jobs gave at Stanford in 2005, and this year's address du jour is one given by the late David Foster Wallace at Kenyon College in 2008 (watch them both below).
General Motors has reached an important milestone this morning: the price for one share of the company has climbed to over $33. That's higher than the Initial Public Offering price from 2010. At roughly 12:15PM Eastern today, GM shares were up $0.97 on the day, some 2.99 percent, for a total of $33.36. The Detroit Free Press reports that the last time GM stock closed over $33 was on May 4, 2011. GM stock has been steadily growing in value throughout 2013. The stock price is up by 14 percent sinc