Tag Archive | "general-motors"
Treasury has no plans to sell remaining GM stock quite yet
Filed under: Government/Legal , GM , Earnings/Financials General Motors stock has been languishing for months , failing to climb past $30 per share since July of last year. Trading at around $22 per share today, the optimism that surrounded the company's emergence from bankruptcy and initial public offering in November 2010 has all but vanished. So it's no wonder that the United States Treasury has decided to sit on its GM shares, with no plans to sell of its remaining 26 percent stake in the automaker.
Continue reading...GM first proposed $3B controlling stake in Isuzu
Wednesday, May 2, 2012
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Filed under: GM , Earnings/Financials , Diesel General Motors initially wanted to buy one-third of Isuzu Motors Ltd , which would give it the right to veto board decisions, but has scaled back how much of the Japanese company it might try to buy, according to a new Reuters report . At current stock prices, GM would have paid more than $3 billion for a controlling share of the truckmaker, which specializes in small trucks and diesel powertrains. GM is now considering buying a 10 percent share, anonymous sources tell Reuters , which would make it the largest single owner of stock in the company
Continue reading...Could Mary Barra be GM’s first female CEO?
Tuesday, May 1, 2012
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Filed under: Hirings/Firings/Layoffs , GM General Motors CEO Dan Akerson has been quoted as saying Mary Barra is on the list of his potential successors. Akerson has been adamant about the fact that the next head honcho for General Motors should come from within the automaker's ranks
Continue reading...Watch Cadillac’s new semi-autonomous Super Cruise in action
Tuesday, May 1, 2012
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Filed under: Technology , Cadillac , GM Cadillac is trying to make a name for itself on the safety and technology front, recently introducing its new Safety Alert Seat and outfitting new models with a suite of safety equipment that arguably puts it among the leaders in the industry. We got a chance to sample some of this last month, but we were also allowed to "drive" a semi- autonomous SRX test mule equipped with what Cadillac is calling "Super Cruise." Nominally an improvement on adaptive cruise control , Super Cruise is actually a more sophisticated system that uses a camera communicating with the car's GPS to "see" the road ahead. It goes one step further than currently available systems, however, automatically centering the vehicle in the lane using its electric power steering system.
Continue reading...NHTSA working with automakers to accelerate vehicle-to-vehicle communication
Friday, April 27, 2012
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Filed under: Government/Legal , Safety , Technology , GM National Highway Traffic Safety Administration head-honcho David Strickland is big on emerging vehicle-to-vehicle communication, according to The Detroit Free Press . As a keynote speaker at the Society of Automotive Engineers World Congress in Detroit this week, Strickland lauded the technology, saying it could eliminate up to 80 percent of crashes.
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Friday, May 11, 2012
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