Filed under: Etc. , GM Former General Motors CEO Rick Wagoner offered sound advice to graduates of the Virginia Commonwealth University in Richmond in the form of a commencement speech over the weekend. According to The Detroit News , the ousted executive told students to remember their values first and foremost, and that they should always protect their personal integrity above all else.
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Report: Ex-GM CEO Rick Wagoner delivers commencement speech, calls for humility
Filed under: Car Buying Steven Ratner, the ex- Car Czar , has a healthy prediction for US automotive sales this year. Ratner believes the magic number will be 14 million for 2011. In 2012, the number will climb to 15 million, per Ratner’s estimates. Why the optimism
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Report: Ex ‘car czar’ Rattner forcasting 14M sales this year
Filed under: Etc. , Ford Motor Trend has compiled and released its annual Power List. This is the seventh year in which MT ranks the names of heaviest hitting personalities in the automotive industry. They’re all ranked in order of just how much juice they hold, and sitting at the top of this year’s list is Alan Mulally .
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Mulally tops Motor Trend Power List for 2011
Filed under: Marketing/Advertising , GM GM’s Renaissance Center headquarters shortly before the new sign was unveiled The familiar blue-block General Motors logo that has adorned the automaker’s headquarters, ads and websites for many years is down from the building, but not all the way out of existence. GM dropped the old familiar logo from its Renaissance Center headquarters on November 18, ushering in a new era with its initial public offering of stock. The sign was replaced with a 625-foot LED electronic board that will show logos from the company’s past. The sign was switched on as GM’s stock began trading again on the New York Stock Exchange
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GM blue-block logo is down, but not out
Filed under: Government/Legal , GM , Celebrities Steven Rattner , former automotive adviser to President Barack Obama, has just written a juicy account of last year’s automotive bailout, complete with insights on the coming and goings of CEOs, courting foreign saviors and the General Motors plan to abandon its Renaissance Center headquarters. In his book, ” Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry, ” Rattner says that GM wanted to walk away from its expensive towers in downtown Detroit and move to Warren, MI. While the move would have likely saved the company plenty of money and lent the impression of a hands-on management approach, the Obama administration apparently refused to allow the move, saying that it would cause a double-digit drop in property values in the area. There’s also the fact that GM pays around $20 million in taxes to Detroit per year
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Report: Rattner bio reveals Obama Administration wanted Ghosn to run GM
Filed under: Etc. , Hirings/Firings/Layoffs , GM Another round of CEO Musical Chairs is being played at General Motors . When Daniel F. Akerson officially begins his tenure as GM’s chief executive officer on September 1st , he will be the fourth person to sit in that chair in less than two years
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Introducing Dan Akerson, the next Chairman and CEO of General Motors