Archive for 'Business'
GM snags Microsoft CFO, Chris Liddell, for company Vice-Chairman/CFO slot
Posted on 21. Dec, 2009 by Zane Merva.
DETROIT - Chris Liddell has been appointed General Motors vice chairman and chief financial officer, it was announced today. Liddell was most recently CFO for Microsoft Corp., a post he held since May, 2005.
“Chris brings a depth and experience to this job that were unmatched in our search for a new financial leader,” said [...]
Continue Reading
Ray G. Young has been named vice president, International Operations of GM
Posted on 14. Dec, 2009 by Zane Merva.
DETROIT – GM announced today that Ray G. Young has been named vice president, International Operations, reporting to Tim Lee, president of GM International Operations, effective February 1, 2010.
In this newly created role, Young, 47, will lead the International Operations Finance organization, in addition to other international operating responsibilities that will be further clarified in [...]
Continue Reading
General Motors and Tengzhong Sign Definitive Agreement For Sale of HUMMER
Posted on 09. Oct, 2009 by Josh Merva.
General Motors (GM) and Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong), today announced that the companies have entered into a definitive agreement that will allow Tengzhong to acquire GM’s premium all-terrain HUMMER brand.
Continue Reading
GM adds 60,000 cars and trucks to production schedule for 09
Posted on 20. Aug, 2009 by Zane Merva.
General Motors is increasing production at several North America assembly plants in response to increased sales. The company will add shifts, overtime and reinstate forecasted down weeks at select facilities. As a result, GM will add about 60,000 vehicles in the third and mainly the fourth quarter production forecast, ensuring a wide selection of high-quality, fuel efficient cars, crossovers and trucks for customers.
Continue Reading
GM to provide cash advances to dealers for CARS rebates
Posted on 20. Aug, 2009 by Zane Merva.
This morning General Motors announced it would be providing cash advances to dealers equal to the amounts they are currently owed under the government run CARS rebate program. The advances will allow dealers to stay in business until the rebates are processed.
Continue Reading
GM July sales total 189,443- Highest retail sales in ten months
Posted on 03. Aug, 2009 by Josh Merva.
General Motors dealers in the United States delivered 189,443 total vehicles in July, results in a month-over-month retail sales increase. The July total, when compared with a strong July last year and lower fleet sales this year, was down 19 percent compared with a year ago.
Continue Reading
GM announces lease program for select models & states
Posted on 03. Aug, 2009 by Zane Merva.
General Motors Company announced an expansion of leasing today with enhanced lease programs on select 2009 and 2010 Cadillac, Buick, GMC and Chevrolet models.
Continue Reading
Special Attrition Program Helps GM Lower Employment Costs, Close Competitive Gap
Posted on 03. Aug, 2009 by Josh Merva.
In support of its goals to reinvent the company as a leaner, more cost-competitive company, General Motors Company today announced that more than 6,000 U.S. hourly workers participated in the company’s Special Attrition Program. This represents the total number of employees most of whom departed the company August 1, 2009.
Continue Reading
Rod Gillum to Retire from General Motors
Posted on 03. Aug, 2009 by Josh Merva.
General Motors Company today announced that Rod Gillum, vice president, corporate responsibility and diversity, and chairman of the GM Foundation, has elected to retire effective October 1.
