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USA
Opel CEO to face heat from workers over likely plant closure
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| FRANKFURT, Germany (Reuters) - The head of General Motors (GM.N) unit Opel will face workers' concerns on Monday over reported plans to shut one of its four German plants as the automaker pulls production of the Astra, its best-selling model, ...
http://www.reuters.com/article/2012/05/21/us-gm-opel-idUSBRE84K06F20120521
http://www.reuters.com/article/2012/05/21/us-gm-opel-idUSBRE84K06F20120521
Posted on: May 21, 2012 at 1:06 am
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USA
GM says Super Bowl ads too expensive and bows out
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AP DETROIT - For General Motors, the price isn't right when it comes to an ad during next year's Super Bowl. The Detroit automaker said Friday that it won't be advertising on the Feb. 3 spectacle because of a steep price hike demanded by CBS, ...
http://www.philly.com/philly/wires/ap/business/20120518_ap_gmsayssuperbowladstooexpensiveandbowsout.html
http://www.philly.com/philly/wires/ap/business/20120518_ap_gmsayssuperbowladstooexpensiveandbowsout.html
Posted on: May 20, 2012 at 1:09 am
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USA
GM passes on running TV ads during 2013 Super Bowl
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By Ben Klayman | DETROIT (Reuters) - General Motors Co will not advertise in next year's Super Bowl because it is too expensive, the top marketing executive for the US automaker said three days after the company announced it was dropping paid ads on ...
http://www.reuters.com/article/2012/05/18/us-gm-superbowl-idUSBRE84H0Z920120518
http://www.reuters.com/article/2012/05/18/us-gm-superbowl-idUSBRE84H0Z920120518
Posted on: May 19, 2012 at 1:06 am
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USA
GM ad move followed failed Facebook pitch: sources
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DETROIT/NEW YORK (Reuters) - Facebook may only have itself to blame for why General Motors rained on its IPO parade this week. GM announced the decision to drop Facebook paid ads on Tuesday in what was the first highly visible crack in Facebook's ...
http://www.chicagotribune.com/classified/automotive/sns-rt-us-gm-facebookbre84h03s-20120517,0,7957311.story
http://www.chicagotribune.com/classified/automotive/sns-rt-us-gm-facebookbre84h03s-20120517,0,7957311.story
Posted on: May 18, 2012 at 1:07 am
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USA
General Motors' defection makes it harder for Facebook to make a bull case for ...
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May 16 (Bloomberg) -- General Motors Co., the world's biggest automaker, no longer intends to advertise on Facebook Inc. as the social network prepares for an initial public offering. “Currently we have no plans to continue advertising with Facebook,” ...
http://www.washingtonpost.com/business/general-motors-defection-makes-it-harder-for-facebook-to-make-a-bull-case-for-revenue-growth/2012/05/16/gIQAx96aUU_story.html?tid=pm_business_pop
http://www.washingtonpost.com/business/general-motors-defection-makes-it-harder-for-facebook-to-make-a-bull-case-for-revenue-growth/2012/05/16/gIQAx96aUU_story.html?tid=pm_business_pop
Posted on: May 17, 2012 at 1:09 am
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USA
GM Says Facebook Ads Don't Pay Off
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By SHARON TERLEP, SUZANNE VRANICA and SHAYNDI RAICE General Motors plans to stop advertising on Facebook after the company's marketing executives determined their paid ads had little impact on consumers. Sharon Terlep has details on The News Hub.
http://online.wsj.com/article/SB10001424052702304192704577406394017764460.html
http://online.wsj.com/article/SB10001424052702304192704577406394017764460.html
Posted on: May 16, 2012 at 1:06 am
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USA
GM interested in acquiring Ally's foreign operations
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By David Shepardson Washington— General Motors — which owned the auto and mortgage lender Ally Financial Inc. until 2006 and still holds a 9.9 percent stake in the company — said it will consider a bid for Ally's international operations.
http://www.detroitnews.com/article/20120515/AUTO0103/205150327/GM-interested-acquiring-Ally-s-foreign-operations?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cp
http://www.detroitnews.com/article/20120515/AUTO0103/205150327/GM-interested-acquiring-Ally-s-foreign-operations?odyssey=mod%7Cnewswell%7Ctext%7CFRONTPAGE%7Cp
Posted on: May 15, 2012 at 1:06 am
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USA
GM Nears Face-Off in Europe
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By CHRISTOPH RAUWALD And NICO SCHMIDT GM Europe's Karl Stracke, shown last year with an Opel concept car, says Opel can succeed if the auto maker can slash costs, among other steps. RUESSELSHEIM, Germany—General Motors Co.'s lofty plan to return its ...
http://online.wsj.com/article/SB10001424052702304371504577402410078793558.html
http://online.wsj.com/article/SB10001424052702304371504577402410078793558.html
Posted on: May 14, 2012 at 1:07 am
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USA
GM's list of car-related Mother's Day gifts
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By Anthony Faccenda on Sat, 05/12/2012 - 20:41 for Torque News Although most don't consider car washes and road trips as suitable Mother's Day presents, a new GM survey suggests that many moms would prefer them over more traditional gifts.
http://www.torquenews.com/1081/gms-list-car-related-mothers-day-gifts
http://www.torquenews.com/1081/gms-list-car-related-mothers-day-gifts
Posted on: May 13, 2012 at 1:07 am
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USA
GM, Chrysler would have sunk under Romney: Obama
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WASHINGTON (Reuters) - US President Barack Obama dismissed Mitt Romney's comments this week claiming credit for the recovery of the US auto industry, saying his Republican rival's plan would have sunk General Motors Co and Chrysler Group LLC.
http://www.chicagotribune.com/news/politics/sns-rt-us-usa-campaign-obama-bailoutbre8490y4-20120510,0,1355159.story
http://www.chicagotribune.com/news/politics/sns-rt-us-usa-campaign-obama-bailoutbre8490y4-20120510,0,1355159.story
Posted on: May 12, 2012 at 1:06 am
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USA
Toyota Tops GM in Global Auto Sales in First Quarter
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That puts the Toyota City, Japan- based automaker ahead of Detroit-based General Motors Co. (GM) (GM)'s 2.28 million and Volkswagen AG (VOW)'s 2.16 million, according to data compiled by Bloomberg. “They have a new sense of competitiveness and they ...
http://www.businessweek.com/news/2012-05-10/toyota-tops-gm-in-global-vehicle-sales-in-year-s-first-quarter
http://www.businessweek.com/news/2012-05-10/toyota-tops-gm-in-global-vehicle-sales-in-year-s-first-quarter
Posted on: May 11, 2012 at 1:07 am
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USA
GM begins new attempt to sell French gearbox plant
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PARIS (Reuters) - General Motors put its gearbox plant in Strasbourg, France, up for sale for a second time in four years, pledging to seek bidders to keep the factory running. The Detroit-based automaker, which announced an alliance with France's PSA ...
http://www.chicagotribune.com/classified/automotive/sns-rt-us-gm-francebre8480lj-20120509,0,341356.story
http://www.chicagotribune.com/classified/automotive/sns-rt-us-gm-francebre8480lj-20120509,0,341356.story
Posted on: May 10, 2012 at 1:06 am
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USA
GM Europe Labor Chief Accuses Management Of Separate Plant Negotiations
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RUESSELSHEIM, Germany (Dow Jones)--Friction between unions and management at General Motors Co.'s (GM) troubled European division intensified Tuesday when the unions accused management of negotiating separately with individual plants to win concessions ...
http://online.wsj.com/article/BT-CO-20120508-710668.html
http://online.wsj.com/article/BT-CO-20120508-710668.html
Posted on: May 9, 2012 at 1:06 am
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USA
Toyota Seen Exceeding GM's Profit This Fiscal Year
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Toyota Motor Corp. (7203)'s profit may climb to a five-year high and exceed General Motors Co. (GM)'s earnings this year, signaling Asia's biggest carmaker is close to full force after reeling from natural disasters and a recall crisis.
http://www.bloomberg.com/news/2012-05-07/toyota-seen-exceeding-gm-s-profit-this-fiscal-year.html
http://www.bloomberg.com/news/2012-05-07/toyota-seen-exceeding-gm-s-profit-this-fiscal-year.html
Posted on: May 8, 2012 at 1:06 am
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USA
GM Europe Presented New Compact-Car Strategy To Labor Unions
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FRANKFURT (Dow Jones)--General Motors Co.'s (GM) European division said Sunday it presented the strategy for the upcoming compact-car generation to its labor unions, indicating that a cornerstone of the unit's long-awaited turnaround plan might be ...
http://online.wsj.com/article/BT-CO-20120506-701294.html
http://online.wsj.com/article/BT-CO-20120506-701294.html
Posted on: May 7, 2012 at 1:06 am
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USA
Mortgage Unit Troubles Ally Financial
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WHEN General Motors was bailed out, the government sank $17 billion of taxpayers' money into GM's troubled finance arm, GMAC. Three years on, we're still waiting for the payback. While the Treasury Department sold most of its holdings in GM last year, ...
http://www.nytimes.com/2012/05/06/business/troubled-mortgage-unit-threatens-ally-financial.html
http://www.nytimes.com/2012/05/06/business/troubled-mortgage-unit-threatens-ally-financial.html
Posted on: May 6, 2012 at 1:05 am
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USA
GM warns of 'cold, hard facts' behind $1 billion profit
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DETROIT _ General Motors Co. made $1 billion in the first quarter, beating analysts' expectations before being dragged down by a special accounting-related $590 million charge in struggling Europe. "This management team is not getting ahead of ...
http://www.chicagotribune.com/business/sns-mct-gm-warns-of-cold-hard-facts-behind-1-billion-20120503,0,3189006.story
http://www.chicagotribune.com/business/sns-mct-gm-warns-of-cold-hard-facts-behind-1-billion-20120503,0,3189006.story
Posted on: May 5, 2012 at 1:13 am
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USA
North America boosts GM's first-quarter results
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By TOM KRISHER and DEE-ANN DURBIN Strong sales in North America and China are generating big profits for General Motors. Now the company needs the rest of the world to play along. GM's net income totaled $1 billion in the first quarter as it sold more ...
http://www.businessweek.com/ap/2012-05/D9UHFJJO2.htm
http://www.businessweek.com/ap/2012-05/D9UHFJJO2.htm
Posted on: May 4, 2012 at 1:07 am
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USA
GM proposed taking over one-third of Isuzu: source
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By Kentaro Sugiyama | TOKYO (Reuters) - General Motors Co (GM.N) first proposed taking a controlling stake of more than one-third in Isuzu Motors Ltd (7202.T) - an investment worth some $3 billion - but is now seeking a smaller holding after the ...
http://www.reuters.com/article/2012/05/02/us-gm-isuzu-idUSBRE84107R20120502
http://www.reuters.com/article/2012/05/02/us-gm-isuzu-idUSBRE84107R20120502
Posted on: May 3, 2012 at 1:06 am
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USA
Ford, GM report weaker April auto sales
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By TOM KRISHER and DEE-ANN DURBIN General Motors and Ford reported weaker April sales, hurt by lower demand for compact and subcompact cars. Chrysler, however, posted a 20-percent rise in sales. Its top sellers included the Ram pickup, Jeep Wrangler ...
http://www.businessweek.com/ap/2012-05/D9UFVABG1.htm
http://www.businessweek.com/ap/2012-05/D9UFVABG1.htm
Posted on: May 2, 2012 at 1:06 am
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USA
GM CEO: top woman executive a potential successor
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PALM BEACH, Florida (Reuters) - The boss of General Motors Co said on Monday the automaker's most senior woman executive is one of his potential successors, adding that women deal with change better than men and GM still has a lot of changes to make ...
http://www.chicagotribune.com/classified/automotive/sns-rt-us-gmbre84004p-20120430,0,6369596.story
http://www.chicagotribune.com/classified/automotive/sns-rt-us-gmbre84004p-20120430,0,6369596.story
Posted on: May 1, 2012 at 1:06 am
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USA
GM Korea To Sell US-Built Chevrolets After Bilateral Free-Trade Pact
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SEOUL – GM Korea Co., the South Korean unit of General Motors Co. (GM), said Monday it will sell US-made Chevrolet vehicles and also export South Korean-assembled vehicles to the US for the first time, after a free-trade agreement between South Korea ...
http://www.foxbusiness.com/news/2012/04/30/gm-korea-to-sell-us-built-chevrolets-after-bilateral-free-trade-pact/
http://www.foxbusiness.com/news/2012/04/30/gm-korea-to-sell-us-built-chevrolets-after-bilateral-free-trade-pact/
Posted on: April 30, 2012 at 1:06 am
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USA
GM, Isuzu to talk on capital tie-up: Nikkei
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TOKYO (Reuters) - General Motors Co (GM.N) will begin talks about taking an around 10 percent stake in Isuzu Motors Ltd (7202.T), as the two carmakers look to jointly sell commercial vehicles in Asia and in Central and South America, ...
http://www.reuters.com/article/2012/04/29/us-gm-isuzu-idUSBRE83S00I20120429
http://www.reuters.com/article/2012/04/29/us-gm-isuzu-idUSBRE83S00I20120429
Posted on: April 29, 2012 at 1:07 am
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USA
GM paid CEO $7.7M, says US rules keep pay too low
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By Nathan Bomey, USA TODAY and Detroit Free Press General Motors CEO Dan Akerson got total compensation of $7.7 million in 2011, according GM's proxy filed with the government this week, and GM took the opportunity also to complain in the proxy that ...
http://content.usatoday.com/communities/driveon/post/2012/04/gm-paid-ceo-77m-says-us-rules-keep-pay-too-low/1
http://content.usatoday.com/communities/driveon/post/2012/04/gm-paid-ceo-77m-says-us-rules-keep-pay-too-low/1
Posted on: April 28, 2012 at 1:06 am
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USA
GM CEO gets $7.7 million pay package for 2011
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By TOM KRISHER General Motors CEO Dan Akerson's compensation tripled in 2011 to $7.7 million as the company posted the biggest profit in its history. But the automaker complained in its annual proxy statement on Thursday that pay for Akerson and other ...
http://www.businessweek.com/ap/2012-04/D9UCPSR80.htm
http://www.businessweek.com/ap/2012-04/D9UCPSR80.htm
Posted on: April 27, 2012 at 1:06 am