Articles Tagged with "GM"

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
GM expects market share to grow steadily

General Motors CEO Dan Akerson predicts that GM will gain U.S. market share in 2014 as a slew of new and redesigned vehicles hit the market.

Nov. 25 , 2013
GM and Toyota to battle for smaller pickup truck segment

For Rick Alpern, who runs the Keyes Chevrolet auto dealership in Los Angeles, few tasks are tougher than selling big trucks to eco-conscious Californians looking for just enough pickup to fit a bike, beer keg or surfboard.

Nov. 19 , 2013
Ten years to make GM Cadillac a global brand: new marketing chief

General Motors Co's (GM.N) new Cadillac marketing chief believes it could take as long as a decade to build its reputation as a global luxury brand.

Nov. 12 , 2013