Dan Akerson Posts

General Motors Company (GM) CEO Mary Barra will be earning $14.4 million in 2014

Mary Barra
General Motors Company (NYSE:GM) said that CEO Mary Barra would receive $4.4 million in cash and stock compensation this year, but this amount did not include what she would receive based on the long-term compensation plan.
Continue reading →

General Motors Company (GM) is expecting a modest gain in 2014

GM Logo
General Motors Company (NYSE:GM) has provided their profit outlook and new GM CEO Mary Barra started at the company this week. GM is expecting to gain “modest” U.S. market share at the retail level in 2014 and continue to demand strong prices.
Continue reading →

General Motors Company (GM) expected to name Mary Barra as first female CEO

Mary Barra
General Motors Company (NYSE:GM) will be naming Mary Barra as their first every female CEO, according to Bloomberg. Barra is the global head of product development at General Motors. She has been at the company since turning 18.
Continue reading →

General Motors Company (GM) Is Selling An Impala Next Summer With Natural Gas And Regular Gas

Screen Shot 2013-10-16 at 7.29.47 PM
General Motors Company (NYSE:GM) has announced that they will start selling a Chevrolet Impala sedan next summer that will run on natural gas and regular gas.  GM said that both fuels are needed because there are fewer natural gas filling stations in the U.S.  GM said that the Impala will be the only factory-produced full-size vehicle that runs on both fuels.  The new Impala will be sold to retail and fleet buyers as a 2015 model.
Continue reading →

General Motors Company (GM) CEO Dan Akerson: We Will Compete With Tesla With A Cadillac

Dan Akerson
General Motors Company (NYSE:GM) chief executive officer Dan Akerson said that they have plans to take on electric car company Tesla Motors Inc (NASDAQ:TSLA) through the Cadillac brand.  Aside from talking about how GM will compete with Tesla, Akerson praised them for being able to establish a brand compared to other startup electric vehicles.

Continue reading →

General Motors Forms A Task To Watch Tesla Motors

GM-Logo
General Motors
chief executive officer Dan Akerson has created a task force to look at the impact that other cars are making, according to CNN.  The primary competitor that the task force is observe is Tesla Motors.  GM has likely learned in the past not to underestimate their competition.

Continue reading →

General Motors Company (GM) Says New $130 Million Data Center Will Help Prevent Large Recalls

General Motors
Today General Motors Company (NYSE:GM) announced that they are building a new $130 million enterprise data center in Warren, Michigan.  The facility will have 5,040 square feet of space, 48 work stations, and a 955-square foot video wall with 28 configurable screens.  The facility will be designed to monitor the use of data across their operations.  The data center will be able to handle computer simulations on vehicle design, fuel economy, quality, and safety.

Continue reading →

Warren Buffett Buys Another 5 Million Shares In GM

Berkshire Hathaway, the investment arm of billionaire Warren Buffett, has acquired another 5 million shares in General Motors.  The company has raised their stake in the company to 15 million shares for the quarter ending September 30th.  David Einhorn of Greenlight Capital boosted their stake to 21.6 million shares from 17.4 million shares as of June 30th. Continue reading →