Posted by Reuters: Business News on February 6, 2012
(Reuters) – General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview.
Posted by Reuters: Business News on February 1, 2012
DETROIT (Reuters) – Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its largest rival General Motors Co lost ground in a month marked by modest growth.
Posted by Reuters: Business News on January 20, 2012
DETROIT/TOKYO (Reuters) – General Motors Co regained its title as the world’s top-selling automaker in 2011, less than three years after its 2009 taxpayer-funded bankruptcy under the Obama administration.
Posted by Reuters: Business News on
DETROIT/TOKYO (Reuters) – General Motors Co regained its title as the world’s top-selling automaker from Japanese rival Toyota Motor Corp in 2011, but the U.S. company faces a challenge to stay on top this year as Toyota rebuilds its disaster-struck business.
Posted by Reuters: Business News on January 19, 2012
(Reuters) – General Motors Co reclaimed its title as the world’s top selling automaker for the first time since 2007, after sales of more than 9 million vehicles globally in 2011.
Posted by Reuters: Business News on January 5, 2012
(Reuters) – General Motors Co said on Thursday it has developed a proposed fix to the battery pack for the Chevrolet Volt to eliminate the risk of a fire being triggered days after a crash.
Posted by Reuters: Business News on December 9, 2011
FRANKFURT (Reuters) – Struggling German carmaker Opel, a unit of General Motors , has set itself the ambitious target of hitting the 1 billion euro ($1.33 billion) profit mark from 2016, Chief Executive Karl-Friedrich Stracke said in an employee newsletter.
Posted by Reuters: Business News on December 7, 2011
DETROIT (Reuters) – General Motors Co is closing in on a package of proposed fixes for the Chevrolet Volt battery pack that engineers believe would eliminate the risk of a fire being triggered days after a crash, two people with knowledge of the situation said on Tuesday.
Posted by Reuters: Business News on December 5, 2011
FRANKFURT (Reuters) – General Motors has declared its strategy for turning around its European carmaking unit Opel a failure, Financial Times Deutschland reported on Monday, citing GM Vice Chairman Steve Girsky.
Posted by Reuters: Business News on November 25, 2011
(Reuters) – U.S. auto safety regulators are opening a formal investigation into fire risks in General Motors’ Volt vehicles, the National Highway Traffic Safety Administration said on Friday.
