Ed Whitacre to Continue as General Motors’ Permanent CEO
In addition to Whitacre’s appointment, GM also reaffirmed its commitment to paying back U.S. and Canadian government loans by June.
General Motors and Tengzhong Sign Definitive Agreement for Sale of HUMMER
Under the terms of the definitive agreement, Tengzhong will acquire the ownership of the HUMMER brand, trademark and tradenames, as well as specific IP license rights necessary for the manufacture of HUMMER vehicles. Tengzhong will also assume the existing dealer agreements relating to HUMMER’s dealership network.
The New General Motors Emerges Today
According to President and CEO Fritz Henderson, the company emerges with a new corporate structure, a stronger balance sheet and a renewed commitment to make the customer the center of everything the new GM does.
General Motors Announces Preliminary Agreement to Sell HUMMER Brand
Deal could secure more than 3,000 jobs in the United States; preserves HUMMER as global off-road brand.
General Motors Removed from the Dow
General Motors Corp. will be replaced by Sumitomo Electric Industries Ltd in the Dow Jones Automobiles & Parts Titans 30 Index.
General Motors Recognizes Best Suppliers
JACKSONVILLE , Fla. – General Motors Corp. recently recognized 97 companies with its highly coveted Supplier of the Year Award. There are 57 multiple-year winners among this year’s nominees. “GM is proud to honor our best suppliers with the Supplier of the Year Award, an award that we believe is the most meaningful honor in
Toyota Takes World Sales Lead from General Motors
Toyota Motor Corp. has taken the first-quarter global automotive sales lead from General Motors Corp., selling 2.41 million vehicles to GM’s 2.25 million over the first three months of the year. GM said Wednesday its first-quarter sales dropped across the globe by less than 1 percent, but Toyota said its sales were up 2.7 percent during the January-through-March period. GM barely won the global sales race with Japan-based Toyota last year. Toyota overtook General Motors as the world’s top automaker in global vehicle production last year.
Two More General Motors Plants to be Idled by American Axle Strike
From Detroit Free Press Two more General Motors Corp. plants are slated to shut down as a result of the strike at American Axle & Manufacturing Inc. GM’s assembly plant in Moraine, OH, is slated to run out of parts late in tonight’s second shift, a spokesman said in a recorded message this morning. GM
OBITUARY: Former General Motors Chairman and CEO Roger Smith Dies at 82
Roger Smith, who led General Motors Corp. in the 1980s and was the subject of Michael Moore’s searing documentary "Roger & Me," has died, the automaker said Friday. He was 82. Smith died Thursday in the Detroit area after an unspecified brief illness, GM said. He had become chairman and chief executive on Jan. 1, 1981, and led the world’s largest automaker until his retirement on July 31, 1990. Earlier he was executive vice-president and a member of the board of directors beginning in 1974.
R. L. Polk & Co. Names Mike Gingell Vice President, General Motors Team
SOUTHFIELD, MI — R. L. Polk & Co. has announced the appointment of Mike Gingell as vice president of its General Motors team. In this role, Gingell will be responsible for managing the development, production, sale and delivery of products and services to the General Motors account. He will report to Mary Templeton, senior vice