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GM Poised to Enjoy Long-Term Success, Says Ammann

Changes in structure should help GM weather storms.

by on Jan.13, 2016

GM President Dan Ammann told a crowd at the Automotive News World Congress that the maker was poised to be profitable during a downturn.

For two of the world’s largest global automakers, Toyota and General Motors, it’s pretty much steady as it goes as the industry heads in an era of transition and change.

Dan Ammann, GM president, told the Automotive News World Congress that the car business is perhaps the single most challenging and complex business in the world.

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“It’s a really interesting time in the industry,” said Ammann, who joined General Motors in 2010 after a career as a Wall Street banker. “We’re obviously we see more change in this business.” (more…)