Posted on 12 August 2010.
Let’s see where this one goes …
NEW YORK (CNNMoney.com) — General Motors is getting its fourth CEO in just under 18 months, as the company announced that Ed Whitacre will leave the post Sept. 1, to be succeeded by another auto industry outsider, former Nextel Communications CEO Dan Akerson.
The move comes on the same day the automaker reported its best quarterly profit in six years, and with a filing expected within days to detail plans to bring the company public again.
Posted in General Business
Posted on 03 August 2010.
NEW YORK (CNNMoney.com) — As it prepares to begin sales of the Chevrolet Volt electric car later this year, General Motors is spreading out into electric delivery vans with an investment in Indiana-based Bright Automotive.
GM and Bright announced a strategic partnership Wednesday.
Bright Automotive of Indiana plans to begin selling its van in 2013. Called the Bright IDEA, the van can travel up to 40 miles on electric power from a fully charged battery pack. For traveling longer distances, the van switches to a gasoline/electric hybrid mode in which it can get up to 36 miles per gallon, according to the company.
GM’s investment is the first by General Motors Ventures LLC, a subsidiary the automaker created to invest in auto-related start-up companies.
Another example of how a smaller business that completes the need of an industry gets rewarded by a bigger player.
Posted in General Business, Industry