Tag Archive for 'General Motors'Jerry York: 1938-2010 March 18th, 2010 by Bill Cawthon
Jerome P. “Jerry” York, 71, died this morning, the victim of a brain aneurysm. His passing was announced by Apple Inc. York had been a member of the Apple board of directors since 1997.
Chrysler won’t copy GM on dealer contracts March 9th, 2010 by Bill Cawthon
Saying it never had contracts with the dealers terminated by the former Chrysler LLC, Chrysler Group has no plans to offer those dealers new contracts outside of arbitration. This is in contrast to General Motors which plans to reinstate 661 of the 1,160 franchises it cut. Nesbitt out as Cadillac brand chief March 2nd, 2010 by Bill Cawthon
Bryan Nesbitt, designer of the PT Cruiser who decamped for General Motors where he produced the HHR, is stepping down from his post as chief executive for the Cadillac brand. Nesbitt, who had held the post since last August, will return to GM’s design organization as executive director of the advanced concept group where he [...] ShareHummer sale off; GM to wind down operations February 24th, 2010 by Bill Cawthon
General Motors has announced that it was unable to complete the sale of it Hummer brand to Sichuan Tengzhong Heavy Industrial Machines Co., Ltd. of China. Tengzhong was unable to obtain Chinese government approval of the deal and had to withdraw its offer. GM says it is open to new offers but with no suitors [...] ShareGM CEO to get $9M pay package, former CEO to get $2,954.50/hour as consultant February 20th, 2010 by Bill Cawthon
GM Vice Chairman Bob Lutz’s laments about underpaid executives have not fallen on deaf ears. Current CEO Ed Whitacre, who got $158 million when he retired from AT&T, will receive a $9 million compensation package, including $1.9 million in annual salary, retroactive to January 1, 2010. Confirmed: GM will sell Saab to Spyker January 26th, 2010 by Bill Cawthon
General Motors has just confirmed it is selling Saab Automobile AB to Spyker Cars NV of the Netherlands. A binding agreement has been reached that will save the iconic Swedish brand from oblivion. The sale transaction is expected to close in mid-February. GM has suspended its wind-down arrangements. |
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