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 t
As consumers find new ways to avoid commercials and advertisements, companies are constantly trying to find new ways of marketing to them. Other than radio commercials, it's hard to think of a way for ads to show up in our cars, but Reuters is reporting that General Motors is considering selling ads show inside its in-car infotainment systems.
A sub-$30,000 Chevrolet Volt? General Motors CEO Dan Akerson says that could be in the making within a year, Car and Driver reports.
In December, the US Treasury granted General Motors the rights for the company to once again buy corporate jets and for its executives to fly on them, but neither those execs nor the ones at Ally Financial will get any raises this year. Th
General Motors has tweaked CEO Dan Akerson's pay mix to compensate for the possibility that the 64-year-old executive may retire before his long-term restricted stock vests in three years. Last year, Akerson saw his pay jump by 44 percent to $11.1 million, including $1.99 million in restricted stock as salary units, which vest immediately. Previously, Akerson was awarded around $2 m
Dan Akerson, CEO of General Motors, says his company is making contingency plans to move workers from South Korea should tensions escalate further between that country and North Korea. While speaking in an interview on CNBC's Squawk Box, Akerson said, "We are making contingency plans for the safety of our employees to the extent that we can."
General Motors isn't talking about how far the 2014 Chevrolet Spark EV can go before it needs a charge, but par for the course for today's electric vehicles i2 around 70-100 miles. GM CEO Dan Akerson today confirmed that the company is working on a 200-mile EV (perhaps a Danny King
Amidst slow auto sales in Europe, top executives at both Volkswagen and Daimler AG will be receiving pay cuts in 2013, which comes at the same time as conflicting reports of a possible pay increase for General Motors CEO Dan Akerson (right). According to Automotive News Europe<
General Motors released a statement about its income for the 2012 calendar year today, reporting a net income of $4.9 billion and an earnings before interest and tax (EBIT) figure of some $7.9 billion. Per share that breaks down to $2.92, versus net income of $4.58 per share last year. These numbers are in contrast to the automaker's revenue figures, which rose in 2012 to $152.3 billion from $150.3 billion in 2011.
It is probably best just to play this down the middle and let you read the excerpt from American Turnaround: Reinventing AT&T and GM and the Way We Do Business in the USA by Ed Whitacre. The author, you'll remember, was the former AT&T CEO who came out of retirement to
General Motors CEO Dan Akerson has said his final goodbye to his own personal 1958 Chevrolet Corvette. The car just sold here at the 2013 Barrett-Jackson auction in Scottsdale, with a final gavel price of $270,000 – since 100
Affirmation, clarification, smack-down refutation – that was the order of responses when the issue of a right-hand0drive C7 Corvette came up at the Detroit Auto Show. When an Australian news outlet asked General Motors CEO Dan Akerson whether the new Stingray would get an RHD version, he a
There're still a couple more weeks until we get our first official look at the next generation of the Chevrolet Corvette with the all-new C7, but Ed Welburn, Vice President of General Motors Global Design, recently hung out with Jay Leno to show off a quartet of classic 'Vettes o
Chevrolet and students from Michigan Technological University have teamed up to build some prototype hand cycles, designed to allow wounded veterans to compete in racing events.
We don't have to look much further than the 2013 Ford Fusion as proof that family cars should no longer be boring to look at, and after apparently taking some heat for the redesign of the 2013 Chevrolet Malibu, Chevrolet is reportedly preparing an emergency redesign of its midsize sedan in a similar fashion that we just saw happen to the <
Big Three Bracing For Bad News From Overseas
We talk a lot about global platforms and global powertrains, but the truly global corporation is much stronger in idea than in practice. General Motors CEO Dan Akerson is the latest to take a stab at creating a truly international company, preparing to stir up the entire organization with sweeping mission statements like "We've got to get this company and its culture into the 21st century," and "We
Dan Akerson will be taking a final parade lap at this weekend's Woodward Dream Cruise. No, much to the chagrin of the punditry, he's not stepping down as CEO of General Motors, just driving his 1958 Chevrolet Corvette for the last time before sending it off to auction for
You have to feel for Dan Akerson. Not only is the guy stuck parking his Chevrolet Volt at the country club next to all those 500-plus-horsepower tarmac terrors from Audi, BMW and Jeff Sabatini
