Tag Archives: Dan Akerson

GM to buy back 200 million shares of common stock from U.S. Treasury

General Motors announced today that it will be buying 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The move also goes hand-in-hand with the United States Treasury’s plan to fully exit its entire holdings of GM stock within 12 to 15 […]

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Whitacre: GM still has a lot of fat that needs to be cut

In his new book, former General Motors Chairman Ed Whitacre said that the company was one of the most poorly managed companies when he took control in 2009. He stated that current CEO was not a fan of GM or its cars when he took the steering wheel over from Whitacre. Whitacre, 70, who became […]

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Report: GM losing around $49,000 on each Chevy Volt sold

General Motors had a record number of Chevrolet Volt sedans go out the door in August, but that probably doesn’t have the automaker as excited. Why? Well, GM is losing as much as $49,000 on each Volt it builds, according to data provided to Reuters by industry analysts and production experts. Read our review on the […]

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Chevrolet Volt

Report: Chevy Volt sales to top 2,500 units in August

General Motors said yesterday that the month of August will become the best-ever sales month for the plug-in hybrid Chevrolet Volt. Sales are expected to top a strong 2,500 units, said GM spokeswoman Michelle Malko. Read our review on the Chevrolet Volt. “We are seeing sales momentum continuing to build for the Volt, especially in key […]

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1958 Chevrolet Corvette Turquoise

Dan Akerson to auction is 1958 Corvette for Habitat for Humanity Detroit

General Motor Chairman and CEO Dan Akerson said today that he plans to auction of his rare 1958 Chevrolet Corvette to benefit the Habitat for Humanity Detroit and its efforts to rebuild and revitalize the Morningside Commons neighborhood. “A strong America is built on strong communities, and building those communities starts with one hammer, one […]

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2012 Chevrolet Volt

Akerson: GM may have electric-car battery breakthrough within 4 years

Back in January 2011, GM invested $7 million in Newark, California based Envia Systems to provide the Detroit automaker’s battery engineering team with access to advanced lithium-ion technology. The investment was taken on to ensure that GM has access to higher cell energy density at a lower cost. Read our review on the Chevrolet Volt. Speaking […]

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Mary Barra

Report: A woman by the name of Mary Barra could succeed GM’s current CEO

We’re not sure why there are talks of a successor to the seat of Dan Akerson, CEO of General Motors Co., but it turns out the man has many potential successors and a woman by the name of Mary Barra could be one of them. Analysts have thrown around names of some potential successors including Vice […]

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Dan Akerson

Report: GM paid CEO Akerson $7.7 million in 2011

General Motors CEO Dan Akerson has a lot on its plate so you would assume that he would get compensated accordingly. Well, that’s not entirely the case. The United States Treasury Department announced earlier this month that will freeze pay in 2012 for General Motors CeO Dan Akerson because the government still owns a 26.5 […]

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Chevrolet Volt

GM hopes to boost sales of Chevrolet Volt to 3,000 a month

General Motors will be resuming production of the Chevrolet Volt earlier than planned, after March sales proved to withstand some negative publicity. The company hopes to increase sales of the Volt by more than 30 percent in the coming months. Read our review on the Chevrolet Volt. In March, Gm sold a total 2,289 Chevrolet Volt […]

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Report: U.S. Treasury to freeze GM CEOs pay for 2012

The United States Treasury Department will freeze pay in 2012 for General Motors CeO Dan Akerson because the government still owns a 26.5 percent stake in the company. The company also said that it will reduce total compensation for GM’s top executives by 12 percent or $8.8 million from 2011 to 2012. In 2011, Akerson […]

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