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June 5, 2014
nbcnews:

GM sacks more than a dozen workers after recall
(Photo: Mark Lennihan / AP file)
General Motors will announce that more than a dozen employees have been dismissed or are retiring because of faulty ignition switches blamed for 13 deaths.
Continue reading

The big question, of course, is if the CEO will be number 14. Not saying Mary Barra will be, but situations like this tend to go straight to the top.

nbcnews:

GM sacks more than a dozen workers after recall

(Photo: Mark Lennihan / AP file)

General Motors will announce that more than a dozen employees have been dismissed or are retiring because of faulty ignition switches blamed for 13 deaths.

Continue reading

The big question, of course, is if the CEO will be number 14. Not saying Mary Barra will be, but situations like this tend to go straight to the top.

12:25 // 3 months ago
May 16, 2014
21:52 // 4 months ago
December 10, 2013
General Motors’ Senior Vice President Mary Barra has been chosen as the next CEO of the auto giant, becoming the first female executive to hold the top spot in the history of the global automotive industry. Barra has been a GM employee for more than three decades, rising from intern to head of product development during that time, and will officially replace current CEO Dan Akerson next month. (Photo via Fortune Live Media) source

General Motors’ Senior Vice President Mary Barra has been chosen as the next CEO of the auto giant, becoming the first female executive to hold the top spot in the history of the global automotive industry. Barra has been a GM employee for more than three decades, rising from intern to head of product development during that time, and will officially replace current CEO Dan Akerson next month. (Photo via Fortune Live Mediasource

18:19 // 9 months ago
November 21, 2013
14:43 // 9 months ago
May 15, 2012
21:46 // 2 years ago
May 1, 2012

Auto industry surprise: Chrysler on an upswing, GM & Ford struggle

  • +20% Chrysler’s sales increase in April, its best April in four years
  • -4.7% Ford’s sales decrease in April, caused by a decline in luxury sales
  • -8.2% GM’s sales decrease in April, caused by poor fleet sales source

» Chrysler’s best quarterly profit in 13 years: Just a couple years away from a bailout that shook the company to the core and the merger with Fiat that saved it, Chrysler is on a little bit of a winning streak, with several car models posting their best monthly results ever.

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10:29 // 2 years ago
February 16, 2012

Still think Detroit’s going bankrupt? Check out GM’s killer numbers

  • $4.7 billion General Motors’ posted earnings for the 2010 fiscal year
  • $7.6 billion General Motors’ posted earnings for the 2011 fiscal year source

» What a record to break! One year removed from bankruptcy, American automaker General Motors posted record-setting earnings for the 2011 fiscal year. In recent weeks/months many investors worried that GM’s overseas operations would drag down the company’s year-end totals. GM lost a total of $747 million in European markets, with $562 million of the losses occurring in the fourth quarter alone. In South America, where the company reported $818 million in earnings for 2010, GM reported a net loss of $122 million. However, not only did the company defy global expectations, GM managed to break its former $6.7 billion earnings record, set in 1996.

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18:39 // 2 years ago
January 9, 2012

Auto industry recovery: Detroit Auto Show reflects a reversal of fortunes

  • 4-9% expected increase in U.S. auto sales in 2012 source

» Pulling out the big guns: This week’s Detroit Auto Show is a giant coming-out party for an auto industry that was struggling to keep the engine running just a couple of years ago. But, while those times are certainly not gone entirely, they’ve certainly improved in recent years, which reflects in the boldness of this year’s models. In fact Chrysler, the weakest of the the three auto companies, is actually looking like a bright spot for Fiat, whose Chief Executive, Sergio Marchionne, invested in the company at its weakest point. ”He entered Chrysler at rock bottom and will now capitalize on a U.S. recovery — the timing was perfect,” said automotive analyst Philippe Barrier. But maybe you’re like us and you don’t care about the specifics of the recovery and just want to see cool new cars. Well, the Detroit Free Press has you covered.

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11:18 // 2 years ago
September 16, 2011
As America struggles with record levels of unemployment, we aimed to protect the jobs of our members - to guarantee good American jobs at a good American company. And we have done that. This contract will get our members who have been laid off back to work, will create new jobs in our communities and will bring work back to the United States from other countries.
UAW President Bob King • Announcing an agreement with General Motors on a new four-year contract. They haven’t made specifics available, but the UAW says they successfully fought back on retirement plan and health care changes, while improving profit-sharing.
23:35 // 3 years ago
April 18, 2011
17:27 // 3 years ago