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.
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Dan Akerson Posts
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.
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.
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.
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 →
General Motors has announced that their profit has dropped 14.5% in Q3. Net income is down $1.5 billion (89 cents per share) for the quarter that had ended in September. GM’s revenue grew 2.5% to $37.6 billion. GM estimated that it would lose between $1.5 billion to $1.8 billion for the full year in Europe.
General Motors will be investing $450 million between 2013 and 2015 to expand their Rosario Automotive Complex to build a new global Chevrolet vehicle according to chairman and CEO Dan Akerson. “We are pleased to be making this investment in Argentina, which remains a very important market for us,” stated Mr. Akerson. “We have a long, proud history here dating to 1925 and our latest investment is certainly good news for our GM Argentina employees, our extensive dealer and supplier network and the local economy.
General Motors has announced today that they have appointed Robert E. Ferguson as the global growth and development head for the Cadillac brand. This move is starting immediately and Mr. Ferguson will report directly to GM chairman and CEO Dan Akerson. Mr. Ferguson will be responsible for the marketing, brand management, and advertising for Cadillac in markets across the world.