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Posts Tagged ‘GM’s Dan Akerson’

Akerson Claims Didn’t Know about GM’s Cultural Issues

Former CEO lauds Barra’s handling of crisis.

by on Jul.28, 2014

Former GM Chairman and CEO Dan Akerson said he was unaware of how deep the company's cultural issues ran.

Former General Motors Chairman and CEO Dan Akerson now knows what he didn’t know then: the automaker’s cultural problems ran deeper than he realized when signed on in 2009.

Appointed by the Obama Administration to the automaker’s board and later taking over as CEO in 2010, Akerson told the Detroit News that recent recall crisis shows him that the problems with the company’s culture were worse than he imagined.

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“I think we all — including the new and the old part of the management team — didn’t fully realize how deep some of the problems ran,” said Akerson. “I think we built a good foundation. I think the company needed a lot of change, and I said a lot of that culture wasn’t where we wanted it to be.” (more…)

Congressional Investigators Ramp Up Pressure on GM

Push to find out what senior execs knew and when is the focus.

by on May.09, 2014

General Motors CEO Mary Barra and other top executives are the target of congressional investigators wanting to know what they knew about the faulty ignition switch...and when.

Congressional investigators are asking if General Motors Chief Executive Mary Barra and other senior executives knew more than they have admitted publicly about when the automaker considered how to deal with a faulty ignition switch issue linked to at least 13 deaths.

The Reuters news agency, citing unnamed sources, said Congressional investigators also are examining whether executives acted fast enough, once they learned of the problem, which has led to the recall of 2.6 million passenger cars and cost the automaker more than $1.3 billion.

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At issue is who knew about and was responsible for an internal investigation in 2011-2013 that eventually discovered the switch issue, according to Reuters, who said sources for the information were not at liberty to speak publicly. (more…)

Akerson Opens Up: Behind the Scenes at GM

Now-retired CEO on the bailout, turnaround and his successor, Mary Barra.

by on Jan.16, 2014

Now former GM CEO Dan Akerson recently shared some insights on his tenure at the automaker.

In a complicated business in a complicated world, Dan Akerson took over as General Motors chairman and chief executive officer after attending exactly seven meetings of GM’s reconstituted board of directors.

But little more than a year after emerging from its 2009 bankruptcy, the automaker was about to face another crisis: its short-time Chairman and CEO Ed Whitacre decided he didn’t want to work that hard and resigned – just before GM was set to pitch the largest IPO in corporate history. It wasn’t quite a case of drawing straws, but Akerson was clearly surprised to be offered the job – and unsure of how his family might react.

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“After 40 years of marriage, it wasn’t something you discuss over the phone,” noted Akerson, who flew home to Northern Virginia with some trepidation to explain his decision to his wife, the one-time Navy officer revealed during an unscripted and revealing 50-minute discussion of his time at GM during the annual Automotive News World Congress. (more…)

GM Makes Internet Buying Tool Available to All U.S. Dealers

Buyers can handle entire transaction on the Web.

by on Nov.06, 2013

Just a week after saying the company was piloting Shop-Click-Drive with 100 dealers, GM made it available to all 4,300 U.S. dealers.

One week after General Motors’ CEO Dan Akerson said the company wanted to make it easier to buy cars and trucks online in partnership with its dealers and that it was piloting a program, the company rolled out its expanded Shop-Click-Drive tool to all GM dealers nationwide.

The tool allows users to complete all aspects of a purchase online, from getting a price to applying for financing 24 hours a day, seven days a week. GM’s 4,300 Chevrolet, Cadillac and Buick-GMC dealerships can feature the Shop-Click-Drive tool on their Web sites.

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“We want to make it easier and simpler for dealers to connect with customers who are looking to combine the convenience of online shopping with the personal service of a neighborhood dealership,” said GM’s Kurt McNeil, vice president, U.S. Sales Operations. “We engaged dealers to help us develop ‘Shop-Click-Drive’ to address this need.” (more…)

GM Rebuffs China Criticism

Detroit maker investing $16 billion in U.S.

by on May.07, 2013

General Motors is investing $16 billion into its U.S. business, including plant improvements.

Stung by jibes from the Wall Street Journal’s editorial page, General Motors Co. is planning to invest about $16 billion on U.S. factories and facilities through 2016, more than it will spend in China, the company said.

Last month, GM Chief Executive Dan Akerson said on the eve of the Shanghai Auto Show that planned to invest $11 billion investment for its joint ventures in China. That was an increase from a 2011 outline to spend $7 billion through 2015.

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The Journal last week ran a commentary on its op-ed page titled, “Welcome to General Tso’s Motors,” saying China “is disproportionately benefiting” from the 2009 U.S.-backed bankruptcy reorganization of Detroit-based GM. The Journal’s editorial page previously has criticized the bailout. GM responded to the criticism in a letter to the newspaper.


GM Signs “Climate Declaration”

Maker joins VW in addressing issues for climate change.

by on May.03, 2013

GM's rooftop solar array in Baltimore, Md., reflects its commitment to the environment.

General Motors has become the first automaker among 40 major U.S. companies to sign a “Climate Declaration” collectively asserting that responding to climate change is good business.

The campaign is organized by sustainable business advocacy group Ceres, a long-time critic of GM’s environmental positions over the years, and its Business for Innovative Climate & Energy Policy, or BICEP, coalition.

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Signers of the declaration, such as GM, are calling for policymakers to address climate change by promoting clean energy, boosting efficiency and limiting carbon emissions.


GM Improves in Europe, China

Detroit-based maker raising investor expectations.

by on May.02, 2013

General Motors' Q1 performance generated interest in the Detroit-based automaker's stock.

General Motors narrowed its losses and boosted its margins in Europe despite watching its overall net income decline in the face of a sweeping changeover at the company’s truck plant there.

Improvements in Europe and China and the anticipation of better results in North America helped to boost interest in GM shares, even as the U.S. Treasury Department reduces the government’s stake in GM. The U.S. Treasury still owns 18% of GM’s shares so any rise in the price of the shares benefits American taxpayers.

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“This was a solid quarter and we are much more of a formidable competitor now than we have been in more than a generation,” Chief Executive Dan Akerson said on a conference call. “We’re a very healthy company that’s getting stronger each quarter.”