Articles Tagged with "GM"

Australia sets up $89 million fund for auto workers hit by GM exit

Australia is setting up a A$100 million ($89 million) fund to support regions affected by General Motors Co's (GM.N) decision to stop production in the country by 2017, including directly supporting those workers affected by the decision.

Dec. 18 , 2013
GM CEO Akerson defends tenure as his exit nears

Dan Akerson, who will step down as General Motors Co's (GM.N) chief executive next month, on Monday defended his tenure leading the No. 1 U.S. automaker and said his successor will have to build on the turnaround that he guided.

Dec. 18 , 2013
U.S. exits GM stake in $10 billon loss for taxpayers

The sale leaves taxpayers short about $10 billion of the funds that the Treasury sank into the automaker in 2009. Washington came to the rescue of the U.S. auto sector during the darkest days of the country's 2007-09 financial crisis, as the nation was sinking further into what would become its deepest recession since the Great Depression.

Dec. 11 , 2013
GM Welcomes Its First Ethnic Chinese President

Taking over Chinese business just over 1 year, 59 years old Bob Socia, president of GM, announced retired on 1 Jan 204 on 29 Nov. His successor is 53 years ago ethnic Chinese Matt Tsien.

Dec. 3 , 2013
Shanghai GM Works for Next Year, Sales Goal Up to 1.6 Million

This year, GM sticks with south and north Volkswagen. Shanghai GM Co. Ltd. general manager Xiaoqiu WANG told reporter during interview that “it is definitely a good thing to take top 1 sales, but it does not worthy for losing other interest for it.”In his mind, Shanghai GM, as a company leading Chinese passenger car segment for some years, shall focus on products development, creative, and brand reputation build.

Dec. 2 , 2013