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Landfill-free means landfill-free. "If you put a bag of trash on the curb each week," General Motors spokeswoman Sharon Basel said, "you're putting more trash on the curb than our 99 (landfill-free) facilities combined." Got green guilt now?
General Motors CEO Dan Akerson received $7.7 million in total compensation in 2011, less than the $9-million limit set by the U.S. Treasury Department and less than a third of the industry's most highly compensated CEO, Ford's Alan Mulally.
General Motors wants to add an oil industry executive and veteran auto supplier executive to its board of directors, boosting the oversight group from 12 to 14 members. ConocoPhillips CEO James Mulva and former Cummins CEO Theodore (Tim) Solso have been nominated to join GM's board, according to GM's proxy statement filed Thursday with the Securities and Exchange Commission.
GM said today that ConocoPhillips CEO James J. Mulva and former Cummins Inc. CEO Theodore M. Tim Solso had been nominated to join its Board.
General Motors confirmed today that CEO Dan Akersons targeted total compensation for 2011 was $9 million and reasserted its stance that the U.S. governments decision to cap GM executive pay could limit the companys competitiveness.
It's better to be too aggressive investing in the world's largest car market than to play it safe and fail to meet surging demand, General Motors' top executive in China said Tuesday.
GM is planning to double its capacity to 5 million vehicles annually by 2016 in the worlds largest car market, because it has consistently underestimated the rate of growth here over the past 15 years, Wale said at a briefing during the Beijing Auto Show.
General Motors plans to open 600 dealerships in China this year and nearly double the number of cars it builds in China by 2016, with plans to introduce a new Cadillac each year for several years, according to GM executives at the Beijing auto show Monday. GM also showed the Chevrolet EN-V 2.0, a new all-electric, two-seater pod it plans to build.
General Motors used the first day of the Beijing auto show to announce plans to build its flagship Cadillac XTS fullsize sedan in China for the growing luxury market.
With slowing sales and increased competition in the world's largest car market, a strong presence at the Beijing auto show that opens today is crucial for Detroit's automakers.
General Motors plans to expand it China retail network by 20% or 600 dealerships in the next several years, company executives said Monday at the Beijing Auto Show. China is the world's biggest auto market by vehicles sold, but sales growth slowed from 35% in 2010 to just 2% in the latest quarter.
General Motors has reached a deal to restore its joint venture with its top Chinese partner to 50-50, making the two automakers equal players in the arrangement, the company confirmed. GM and Shanghai Automotive Industry Corp. (SAIC) will each control 50% of the venture. SAIC owns 51% of the sales venture.
General Motors has reached a deal to restore its joint venture with its top Chinese partner to 50-50, making the two automakers equal players in the arrangement, the company confirmed.
The Detroit-based automakers board approved a dividend of $0.59375 per share on its Series B mandatory convertible junior preferred stock. The cumulative dividend will be paid starting June 1 to investors who are holding the Series B stock as of May 15.
The public could get its first taste of what Chevrolet's new Commonwealth advertising agency is cooking up by mid-May. Formed by merging rival agencies Goodby, Silverstein & Partners and McCann Erickson Worldwide, Commonwealth is charged with building on Chevrolet's growth in Europe, Asia and South America, while bolstering the brand among young American consumers.
Look out, San Francisco: Detroit is your new competitor for talent. Visit one of four floors on Woodward Avenues 12-story Palms Building and youll meet a number of creative young professionals who moved from San Francisco or New York to join a new advertising cooperative called Commonwealth.
After a 12-year run, the Chevrolet Avalanche will go out of production after the 2013 model year, General Motors said Thursday. The vehicle, first sold in 2001 and built on the automaker's full-size SUV platform, reached the height of its popularity in 2003 with sales of 93,482 units.
A General Motors employee who was seriously injured in a battery lab explosion Wednesday is expected to stay in the hospital for another day, a spokesman said this morning.
General Motors is recalling about 50,000 large crossover SUVs to fix a windshield wiper problem.
GM said the incident occurred at 8:45 a.m. at the Alternative Energy Center at its sprawling research campus in Warren. Engineers were conducting extreme testing on a prototype battery, the company said.
The public is far more supportive of the auto industry bailouts than the government's decision to bail out distressed financial and insurance giants in 2009, according to a Harris poll released Monday. But overwhelming majorities said they opposed another round of aid for automakers, banks and insurance companies.
About 45% of those polled said the federal governments decision to extend more than $77 billion in emergency loans and bankruptcy financing to General Motors and Chrysler in 2009 helped the economy, according to a Harris Poll, while 29% of Americans say the auto bailouts hurt the economy. About 5% were unsure.
The U.S. Treasury Department has frozen 2012 pay for General Motors CEO Dan Akerson and his counterparts at Ally Financial and AIG at 2011 levels because the government still owns a stake in all three companies.
The U.S. Treasury Department said today that it had frozen the total compensation for General Motors CEO Dan Akerson and reduced compensation of several other top GM executives.
Sales of General Motors' Chevrolet Volt are picking up, leading the automaker to restart production a week early this month at its Detroit-Hamtramck assembly plant. Chris Lee, a GM spokesman, confirmed Wednesday that GM would resume Volt production April 16 after a four-week shutdown, instead of the previously planned five-week stretch.
Kevin Nix, who is leading negotiations for the Office and Professional
Detroit Tigers stars Prince Fielder and Justin Verlander know a thing or two about baseball -- not to mention hot dogs, apple pie and Chevrolet. The Tigers' first baseman and pitcher are featured in two new advertisements General Motors plans to air on ESPN starting tonight.
Chevrolet is likely to sell more than 5 million cars and trucks globally this year, Joel Ewanick, General Motors global marketing chief, said today.
The Buick Enclave is getting its most significant upgrade since it debuted in 2007. The Enclave, revealed Tuesday in New York, is one of three midsize crossovers produced by General Motors at its Lansing Delta Township factory. When the Enclave goes on sale this fall, customers will notice a new hood and black-chrome waterfall grille, headlights, rear fascia design and chrome exhaust outlets.
General Motors plans to halt production of the Chevrolet Volt at its Detroit-Hamtramck plant for three weeks in July, instead of the traditional two-week shutdown. "This is (a) normal part of business as managing to market demand," GM spokeswoman Michelle Malcho said in an e-mail.
General Motors said Monday it sold at least 100,000 vehicles in March that get at least 30 m.p.g. on the highway, a company best.
Cadillac's SRX midsize crossover is getting a technology makeover for the 2013 model year, the company said Monday in advance of the 2012 New York International Auto Show. The Cadillac SRX is one of five new or redesigned General Motors cars and crossovers that will be shown for the first time when the auto show begins Wednesday.
The Chevrolet Impala is shedding its pedestrian cloths and donning a smart, stylish suit of sheet metal in the hopes of appealing to retail buyers instead of rental car companies.
he Enclave, revealed in New York today ahead of the 2012 New York International Auto Show, is one of three mid-size crossovers produced by General Motors at its Lansing Delta Township factory.
The Cadillac SRX is one of five new or redesigned General Motors cars and crossovers that will be shown for the first time at the auto show when it begins Wednesday.
The plant is currently closed for a five-week stretch because auto dealers had a surplus of the plug-in extended-range electric vehicle.
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