General Motors Company (NYSE:GM) Appoints Mary Barra As Its Next CEO


Dallas, Texas 12/16/2013 (FINANCIALSTRENDS) – General Motors Company (NYSE:GM) has named Mary Barra, its product expansion chief and a 33-year firm expert, as its upcoming chief executive officer (CEO). Barra will turn out to be the company’s primary female head of a well known U.S. car firm.

The company stated that 51-year-old Barra will put back Dan Akerson on 15th of the coming month (Jan 2014).

Dan, 65, chairman and chief executive officer, moved up his retirement proposals by several months as his life partner, Karin, is combating with cancer.

“I wish to spend all my time as well as energy in combating this illness with Karin,” Dan stated this during a meeting with press persons.

Mary, who become part of GM in the year 1980, is presently in charge of design, engineering and quality for all of GM’s cars crosswise the world and has shepherded most of the firm’s recent new vehicle launchings.

Detroit car manufacturer GM sold its 7% Peugeot holding for $343 mln

General Motors Company (NYSE:GM) announced that it has sold its holding stake in France’s Peugeot Citroen SA (EPA:UG) for around $343 million, lower than around $400 million it paid during March of the last year to get a 7% equity stake in Europe’s 2nd biggest carmaker.

The Detroit car manufacturer will record a one-time gain of $150 million on the sale during the fourth quarterly period.

It’s the European firm’s attempts to swell in the Chinese market that may be donning a role in GM’s departure, though the company insists its coalition will continue.

GM witnesses China-like take-off in Indonesian automobile zone

General Motors Company (NYSE:GM), the globe’s second largest car producer, is making attempts to break the Japanese monopoly on the popular family car zone in the Indonesian market, where it witnesses the next automobile boom after China, a senior director stated.