Three executives have just been sent to General Motors Europe to try to save Opel. General Motors Vice Chairman Stephen Girsky has been named Chairman of the Supervisory Board, Adam Opel AG, effective immediately. Girsky has served as a member of the Opel Supervisory Board since January 2010. Akerson had to name someone to help [...]
Frankfurt, Germany – I sat down with Hyoung-Keun (Hank) Lee, Vice Chairman & CEO, Kia Motors Corp. Of the things we talked about one area was how well Kia was doing in Brazil. I had talked to some Brazilians and they had said that both China and Korea were doing well, but that the Chinese [...]
Detroit, MI – The edict from the top: bring down the breakeven by increasing revenue and cutting cost. General Motors Co. (NYSE: GM) today announced third quarter net income attributable to common stockholders of $1.7 billion, or $1.03 per fully-diluted share. In the third quarter of 2010, GM’s net income attributable to common stockholders was [...]
Frankfurt, Germany – General Motor’s Global Chief designer, Ed Welburn, took me on a tour of the Cadillac Ciel concept. About Ciel, from Cadillac: The Ciel – pronounced “C-L,” the French translation for sky – is a four-seat convertible that opens a new chapter in Cadillac’s design and product ascent, pushing the brand’s Art & [...]
Frankfurt, Germany – I talked to Stephen J. Girsky, Vice Chairman, Corporate Strategy, Business Development, Global Product Planning, and Global Purchasing and Supply Chain, at the Frankfurt auto show. As the months go by Girsky’s words are more important. Last month the United States consumer spending was up, because of the auto industry. Girsky says [...]
The Ultra-luxury concept and production vehicle unveils at the 64th IAA – Internationale Automobil-Ausstellung – in Frankfurt Germany. Beautiful never goes out of style, nor does desire World premiere concepts such as the BMWi8, and the Jaguar C-X16 are referred to as Research Studies in Europe. Rightfully so, as some part of the design or [...]
Frankfurt, Germany – It’s been a concern since it happened. Why did General Motors sell the one percent controlling interest of GM-China to Shanghai Automotive (SAIC)? Nick Reilly, who heads GM in Europe, used to work in GM-China. Reilly explained why GM-China sold the one percent controlling interest to SAIC. Reilly said that SAIC will [...]
Every country that is doing business with China is having issues with China wanting their intellectual property. Kia is no different. Kia wants to take electric vehicles into China, but not with Korean batteries, with Chinese batteries. Access into China, for all companies, means greater market access, but at what price? The World Trade Organization [...]
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