Tag: auto industry bailout
GM and Chrysler Will Pay Bonuses to White-Collar Workers
by David Schepp on Feb.11, 2011, under Towing
Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The payout is likely to anger the companies’ unionized workers.
Continue reading GM and Chrysler Will Pay Bonuses to White-Collar Workers
GM and Chrysler Will Pay Bonuses to White-Collar Workers originally appeared on DailyFinance on Fri, 11 Feb 2011 09:06:00.
Filed Under: Company News, Economy, General Motors, Autos, Careers, Chrysler
GM Says Government’s Stake in Citigroup Poses Conflict in IPO
by David Schepp on Oct.14, 2010, under Towing
The federal government’s stake in banking-giant Citigroup presents a conflict of interest in General Motors’ pending initial public offering, the automaker said Thursday.
Continue reading GM Says Government’s Stake in Citigroup Poses Conflict in IPO
GM Says Government’s Stake in Citigroup Poses Conflict in IPO originally appeared on DailyFinance on Thu, 14 Oct 2010 16:25:00.
Filed Under: Company News, Economy, Investing, Citigroup, General Motors, Autos
China’s Largest Automaker Weighing GM Stock Purchase
by David Schepp on Sep.21, 2010, under Towing
China’s SAIC Motor is considering taking a stake in General Motors when the Detroit-based automaker begins its public offering of stock later this year. Though some Americans will likely object to foreign ownership, GM’s stakeholders will likely need all the help they can get unloading shares.
Continue reading China’s Largest Automaker Weighing GM Stock Purchase
China’s Largest Automaker Weighing GM Stock Purchase originally appeared on DailyFinance on Tue, 21 Sep 2010 10:50:00.
Filed Under: Company News, Technology, Economy, Investing, General Motors, Autos
Chrysler Unveils New Midsized Sedan to Dealers
by David Schepp on Sep.14, 2010, under Towing
Officials from Chrysler Group unveiled a new midsized sedan at an event with some 1,800 dealers Tuesday in Florida as the struggling automaker continues to revamp its aging fleet of cars and trucks.
The new Chrysler 200 sedan, which replaces the slow-selling Sebring, goes on sale later this year and will compete with some of the most popular cars in the U.S. auto industry, including Toyota Motor’s…
Continue reading Chrysler Unveils New Midsized Sedan to Dealers
Chrysler Unveils New Midsized Sedan to Dealers originally appeared on DailyFinance on Tue, 14 Sep 2010 13:40:00.
Filed Under: Company News, Technology, Economy, Honda Motor Co, Toyota, General Motors, Autos
GM’s New CEO Daniel Akerson to Get $9 Million Pay Package
by David Schepp on Sep.10, 2010, under Towing
Akerson, who assumed the post Sept. 1, will also receive a portion of his salary in the form of stock, totaling $5.3 million, which will be paid out over three years beginning September 2011.
Continue reading GM’s New CEO Daniel Akerson to Get $9 Million Pay Package
GM’s New CEO Daniel Akerson to Get $9 Million Pay Package originally appeared on DailyFinance on Fri, 10 Sep 2010 17:40:00.
Filed Under: Company News, Economy, People, General Motors, Autos, Careers
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