The Truth About Cars » Akerson http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Sun, 07 Feb 2016 18:00:45 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Akerson http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com Korean Unions Mad At Akerson http://www.thetruthaboutcars.com/2013/05/korean-unions-mad-at-akerson/ http://www.thetruthaboutcars.com/2013/05/korean-unions-mad-at-akerson/#comments Tue, 07 May 2013 13:26:50 +0000 http://www.thetruthaboutcars.com/?p=487616 Last month, GM CEO Dan Akerson said that GM might move production away from South Korea if tensions with North Korea escalate. Korea labor unions were not amused, saying that Akerson was using the crisis as a pretext to gain the upper hand in upcoming labor talks. Last week in Detroit, Akerson told GM’s South […]

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Last month, GM CEO Dan Akerson said that GM might move production away from South Korea if tensions with North Korea escalate. Korea labor unions were not amused, saying that Akerson was using the crisis as a pretext to gain the upper hand in upcoming labor talks. Last week in Detroit, Akerson told GM’s South […]

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Akerson Gets Millions More In Cash To Grease His Exit http://www.thetruthaboutcars.com/2013/04/akerson-gets-millions-more-in-cash-to-grease-his-exit/ http://www.thetruthaboutcars.com/2013/04/akerson-gets-millions-more-in-cash-to-grease-his-exit/#comments Fri, 26 Apr 2013 16:48:43 +0000 http://www.thetruthaboutcars.com/?p=486303 Companies – or so they say – pay their executives the big bucks to keep them from leaving, or, in corporate-speak to “retain” them. In the case of GM CEO Dan Akerson, they pay him more because he will leave. Nasty people will say “to make him leave.” Claiming that its 64-year-old CEO may retire […]

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Companies – or so they say – pay their executives the big bucks to keep them from leaving, or, in corporate-speak to “retain” them. In the case of GM CEO Dan Akerson, they pay him more because he will leave. Nasty people will say “to make him leave.” Claiming that its 64-year-old CEO may retire […]

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Akerson Uses North Korea To Threaten South Korean Unions http://www.thetruthaboutcars.com/2013/04/akerson-uses-north-korea-to-threaten-south-korean-unions/ http://www.thetruthaboutcars.com/2013/04/akerson-uses-north-korea-to-threaten-south-korean-unions/#comments Tue, 09 Apr 2013 09:00:21 +0000 http://www.thetruthaboutcars.com/?p=484099 Last week, GM CEO Dan Akerson said that GM might move production away from South Korea if tensions with North Korea escalate. Today, Korea labor unions said Akerson is using the crisis as a pretext to gain the upper hand in upcoming labor talks. Akerson said that GM is “making contingency plans for the safety […]

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Last week, GM CEO Dan Akerson said that GM might move production away from South Korea if tensions with North Korea escalate. Today, Korea labor unions said Akerson is using the crisis as a pretext to gain the upper hand in upcoming labor talks. Akerson said that GM is “making contingency plans for the safety […]

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The Case Against Akerson, Part 3 of 3: Loss Of Confidence http://www.thetruthaboutcars.com/2013/03/the-case-against-akerson-part-3-of-3-loss-of-confidence/ http://www.thetruthaboutcars.com/2013/03/the-case-against-akerson-part-3-of-3-loss-of-confidence/#comments Fri, 08 Mar 2013 16:08:27 +0000 http://www.thetruthaboutcars.com/?p=480541   After part 1: Breach Of Trust,  and part 2: Lack of Strategy,  now the long-awaited final part. In his book Car Guys vs. Bean Counters, GM’s best-known executive, Bob Lutz, describes the task facing newly-appointed CEO Dan Akerson: “Akerson has inherited a company headed for success… Akerson does not have to “fix the business.” […]

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  After part 1: Breach Of Trust,  and part 2: Lack of Strategy,  now the long-awaited final part. In his book Car Guys vs. Bean Counters, GM’s best-known executive, Bob Lutz, describes the task facing newly-appointed CEO Dan Akerson: “Akerson has inherited a company headed for success… Akerson does not have to “fix the business.” […]

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The Case Against Akerson, Part 2 of 3: Lack Of Strategy http://www.thetruthaboutcars.com/2013/03/the-case-against-akerson-part-2-of-3-lack-of-strategy/ http://www.thetruthaboutcars.com/2013/03/the-case-against-akerson-part-2-of-3-lack-of-strategy/#comments Wed, 06 Mar 2013 15:43:37 +0000 http://www.thetruthaboutcars.com/?p=480336 In the first part of this series, we looked at Dan Akerson’s problematic relationship with the truth, focusing on the gap between his stated intentions and his actions. Akerson is hardly the only example of an auto executive to indulge in personal myth-building or ego-driven dissembling. Analysts, employees and shareholders can forgive all kinds of […]

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In the first part of this series, we looked at Dan Akerson’s problematic relationship with the truth, focusing on the gap between his stated intentions and his actions. Akerson is hardly the only example of an auto executive to indulge in personal myth-building or ego-driven dissembling. Analysts, employees and shareholders can forgive all kinds of […]

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The Case Against Akerson, Part 1 of 3: Breach Of Trust http://www.thetruthaboutcars.com/2013/03/the-case-against-akerson-part-1-of-3-breach-of-trust/ http://www.thetruthaboutcars.com/2013/03/the-case-against-akerson-part-1-of-3-breach-of-trust/#comments Fri, 01 Mar 2013 16:59:59 +0000 http://www.thetruthaboutcars.com/?p=479545 Author’s note: When the government rescued General Motors from certain disaster, it was a chance at a fresh start. A chance to not just slow GM’s half-century of market share loss, but truly return America’s largest automaker to its place of pride. With debts erased, unions tamed and coffers restocked by the government, all things […]

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Author’s note: When the government rescued General Motors from certain disaster, it was a chance at a fresh start. A chance to not just slow GM’s half-century of market share loss, but truly return America’s largest automaker to its place of pride. With debts erased, unions tamed and coffers restocked by the government, all things […]

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House Committee Blasts Overpaid Bailed-Out Execs. The Freep Blasts GM http://www.thetruthaboutcars.com/2013/02/house-committee-blasts-overpaid-bailed-out-exes-the-freep-blasts-gm/ http://www.thetruthaboutcars.com/2013/02/house-committee-blasts-overpaid-bailed-out-exes-the-freep-blasts-gm/#comments Wed, 27 Feb 2013 17:57:31 +0000 http://www.thetruthaboutcars.com/?p=479336 Yesterday, the House Oversight and Government Reform subcommittee held a hearing to look into executive compensation “at bailed-out firms that is egregiously out of line with what the President committed to the American people,” as Chairman Jim Jordan said. Jordan recalled that the President had committed “that top executives at firms that receive extraordinary help […]

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Yesterday, the House Oversight and Government Reform subcommittee held a hearing to look into executive compensation “at bailed-out firms that is egregiously out of line with what the President committed to the American people,” as Chairman Jim Jordan said. Jordan recalled that the President had committed “that top executives at firms that receive extraordinary help […]

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Dan Akerson Wants a Big Raise, Washington Sugar Daddy Not Sure Yet, GM Says: Not True! http://www.thetruthaboutcars.com/2013/02/dan-akerson-wants-a-big-raise-washington-sugar-daddy-not-sure-yet/ http://www.thetruthaboutcars.com/2013/02/dan-akerson-wants-a-big-raise-washington-sugar-daddy-not-sure-yet/#comments Tue, 26 Feb 2013 13:29:53 +0000 http://www.thetruthaboutcars.com/?p=479138 GM’s CEO Dan Akerson asked for a big raise. He thinks his work at GM is worth a paycheck of $11.1 million this year, up 20 percent from last year,  Reuters reports, citing documents. The embarrassing part: Akerson and GM have to ask its white House sugar daddy for approval. As part of GM’s government-funded […]

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GM’s CEO Dan Akerson asked for a big raise. He thinks his work at GM is worth a paycheck of $11.1 million this year, up 20 percent from last year,  Reuters reports, citing documents. The embarrassing part: Akerson and GM have to ask its white House sugar daddy for approval. As part of GM’s government-funded […]

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A Tale Of Two Akersons: Was He For Keeping Opel, Or Was He Against? http://www.thetruthaboutcars.com/2013/02/a-tale-of-two-akersons-was-he-for-keeping-opel-or-was-he-against/ http://www.thetruthaboutcars.com/2013/02/a-tale-of-two-akersons-was-he-for-keeping-opel-or-was-he-against/#comments Thu, 07 Feb 2013 16:55:55 +0000 http://www.thetruthaboutcars.com/?p=476730 Legs of RenCen executives must be covered with black and blue marks from kicking themselves daily for not unloading Opel when the German government offered to take the sick patient off GM’s hands. A deal, financed with $6 billion courtesy of German tax payers and a little petty cash from Russian bankers would have given […]

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Legs of RenCen executives must be covered with black and blue marks from kicking themselves daily for not unloading Opel when the German government offered to take the sick patient off GM’s hands. A deal, financed with $6 billion courtesy of German tax payers and a little petty cash from Russian bankers would have given […]

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GM, Too Scared To Go To Emerging Markets Alone, Picks Two Even Scarier Escorts http://www.thetruthaboutcars.com/2013/01/gm-too-scared-to-go-to-emerging-markets-alone-picks-two-even-scarier-escorts/ http://www.thetruthaboutcars.com/2013/01/gm-too-scared-to-go-to-emerging-markets-alone-picks-two-even-scarier-escorts/#comments Mon, 28 Jan 2013 15:21:52 +0000 http://www.thetruthaboutcars.com/?p=475536 GM’s CEO Dan Akerson gave an interview to Norihiko Shirouzu, one of the best men in Reuters’ impressive stable of automotive writers. Akerson disclosed two very scary pieces of information: GM hinged most of its emerging markets strategy on its Chinese JV partner SAIC GM will hinge most of its emerging markets strategy on SAIC […]

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GM’s CEO Dan Akerson gave an interview to Norihiko Shirouzu, one of the best men in Reuters’ impressive stable of automotive writers. Akerson disclosed two very scary pieces of information: GM hinged most of its emerging markets strategy on its Chinese JV partner SAIC GM will hinge most of its emerging markets strategy on SAIC […]

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Whitacre’s Book Reveals Secret Of Unseasoned GM CEOs http://www.thetruthaboutcars.com/2013/01/whitacres-book-reveals-secret-of-unseasoned-gm-ceos/ http://www.thetruthaboutcars.com/2013/01/whitacres-book-reveals-secret-of-unseasoned-gm-ceos/#comments Thu, 24 Jan 2013 03:36:46 +0000 http://www.thetruthaboutcars.com/?p=474978 GM’s North American president, Mark Reuss, was in the running as CEO in 2010, but was passed-over for an alleged “lack of seasoning,” says Reuters after reading an upcoming book by GM’s former CEO, Ed Whitacre. Instead of Reuss, who had shown that he knows what he is doing, a completely unseasoned Dan Akerson was […]

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GM’s North American president, Mark Reuss, was in the running as CEO in 2010, but was passed-over for an alleged “lack of seasoning,” says Reuters after reading an upcoming book by GM’s former CEO, Ed Whitacre. Instead of Reuss, who had shown that he knows what he is doing, a completely unseasoned Dan Akerson was […]

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Loose Lips Sink Ships: Akerson Stops Leaks, Starts New Ones http://www.thetruthaboutcars.com/2012/08/loose-lips-sink-ships-akerson-stops-leaks-makes-new-ones/ http://www.thetruthaboutcars.com/2012/08/loose-lips-sink-ships-akerson-stops-leaks-makes-new-ones/#comments Fri, 10 Aug 2012 16:47:00 +0000 http://www.thetruthaboutcars.com/?p=456293 Rarely do Dan Akerson, the CEO of GM, and TTAC see eye to eye. This time, they do. Two weeks ago, we complained that GM is leaking like a scuttled steamer.  Yesterday,  Dan Akerson took the whole company to task: “We have to stop leaking in this company. It’s an act of treason — it […]

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Rarely do Dan Akerson, the CEO of GM, and TTAC see eye to eye. This time, they do. Two weeks ago, we complained that GM is leaking like a scuttled steamer.  Yesterday,  Dan Akerson took the whole company to task: “We have to stop leaking in this company. It’s an act of treason — it […]

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GM Fires Marketing Chief For Soccer Deal, Then Signs It http://www.thetruthaboutcars.com/2012/07/gm-fires-marketing-chief-for-soccer-deal-then-signs-it/ http://www.thetruthaboutcars.com/2012/07/gm-fires-marketing-chief-for-soccer-deal-then-signs-it/#comments Tue, 31 Jul 2012 13:10:27 +0000 http://www.thetruthaboutcars.com/?p=454819 One day after  GM’s  Chief Marketing Executive Joel Ewanick was fired for failing ” to meet the expectations that the company has for its employees,” one day after it was leaked like from a fire hose that there were shady going ons between Ewanick and the Manchester United soccer club, GM signed a seven year contract […]

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One day after  GM’s  Chief Marketing Executive Joel Ewanick was fired for failing ” to meet the expectations that the company has for its employees,” one day after it was leaked like from a fire hose that there were shady going ons between Ewanick and the Manchester United soccer club, GM signed a seven year contract […]

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Series Of High Level Executions Paint A Picture Of GM in Turmoil http://www.thetruthaboutcars.com/2012/07/series-of-high-level-executions-paint-a-picture-of-gm-in-turmoil/ http://www.thetruthaboutcars.com/2012/07/series-of-high-level-executions-paint-a-picture-of-gm-in-turmoil/#comments Mon, 30 Jul 2012 14:13:58 +0000 http://www.thetruthaboutcars.com/?p=454751 Panic at RenCen. It’s not that people are leaving GM. It’s how they leave. Two weeks ago, Opel  chief Karl-Friedrich Stracke presented numbers to Dan Akerson. Akerson fires him.  Opel gets two interim chiefs in a week.  Last Thursday, Opel’s new design chief Dave Lyon doesn’t even start his job.  Today, media in the U.S.  […]

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Panic at RenCen. It’s not that people are leaving GM. It’s how they leave. Two weeks ago, Opel  chief Karl-Friedrich Stracke presented numbers to Dan Akerson. Akerson fires him.  Opel gets two interim chiefs in a week.  Last Thursday, Opel’s new design chief Dave Lyon doesn’t even start his job.  Today, media in the U.S.  […]

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German Media Writes Opel Eulogy, Blames Thoughtless Akerson http://www.thetruthaboutcars.com/2012/07/german-media-writes-opel-eulogy-blames-thoughtless-akerson/ http://www.thetruthaboutcars.com/2012/07/german-media-writes-opel-eulogy-blames-thoughtless-akerson/#comments Mon, 16 Jul 2012 11:23:45 +0000 http://www.thetruthaboutcars.com/?p=452903 The summary execution of Opel chief  Karl-Friedrich Stracke, and the mess this has created, is front page material in the German press today. The fingers point in the direction of Detroit. Detroit has no clear strategy and changes directions like soiled underwear. The fingers also point at an impulsive Dan Akerson who is out of […]

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The summary execution of Opel chief  Karl-Friedrich Stracke, and the mess this has created, is front page material in the German press today. The fingers point in the direction of Detroit. Detroit has no clear strategy and changes directions like soiled underwear. The fingers also point at an impulsive Dan Akerson who is out of […]

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Call Of Duty: Akerson’s Battle With The Truth http://www.thetruthaboutcars.com/2012/06/call-of-duty-akersons-battle-with-the-truth/ http://www.thetruthaboutcars.com/2012/06/call-of-duty-akersons-battle-with-the-truth/#comments Fri, 01 Jun 2012 18:33:56 +0000 http://www.thetruthaboutcars.com/?p=447222 GM CEO Dan Akerson might be in another one of his battles with the truth. In a softballed interview with Fortune, GM’s CEO Dan Akerson said that he was suddenly and surprisingly drafted to lead GM as if it was time to go to war. “This was a call to service for me,” said Akerson, […]

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GM CEO Dan Akerson might be in another one of his battles with the truth. In a softballed interview with Fortune, GM’s CEO Dan Akerson said that he was suddenly and surprisingly drafted to lead GM as if it was time to go to war. “This was a call to service for me,” said Akerson, […]

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Toyota Roasts GM: More Prius c Sold In Three Days Than Volts In A Month http://www.thetruthaboutcars.com/2012/03/toyota-roasts-gm-more-prius-c-sold-in-three-days-than-volts-in-a-month/ http://www.thetruthaboutcars.com/2012/03/toyota-roasts-gm-more-prius-c-sold-in-three-days-than-volts-in-a-month/#comments Fri, 16 Mar 2012 17:12:21 +0000 http://www.thetruthaboutcars.com/?p=435265 Toyota is getting frisky. Per a press release, Toyota U.S.A. reports brisk sales of the game-changing Prius c compact hybrid. Then, TMS goes on to say that “In its first three days on the market, it sold 1,201 units, making it one Toyota’s fastest-selling vehicles and eclipsing Chevrolet Volt and Nissan Leaf sales for the […]

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Toyota is getting frisky. Per a press release, Toyota U.S.A. reports brisk sales of the game-changing Prius c compact hybrid. Then, TMS goes on to say that “In its first three days on the market, it sold 1,201 units, making it one Toyota’s fastest-selling vehicles and eclipsing Chevrolet Volt and Nissan Leaf sales for the […]

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Dan Akerson Says First Year Sales Of Volt As Good As Prius, Grows Long Nose http://www.thetruthaboutcars.com/2012/03/dan-akerson-says-first-year-sales-of-volt-as-good-as-prius-grows-long-nose/ http://www.thetruthaboutcars.com/2012/03/dan-akerson-says-first-year-sales-of-volt-as-good-as-prius-grows-long-nose/#comments Tue, 13 Mar 2012 18:19:56 +0000 http://www.thetruthaboutcars.com/?p=434854 The repeated stoppages of the Volt production triggered rumors that GM might discontinue the Volt altogether. Dan Akerson himself had to come to the rescue of the embattled plug-in. Saying that “we are not backing away from this product,” Akerson promised more advertising and less volume. So far, so good. Then, Akerson did something really bad. […]

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The repeated stoppages of the Volt production triggered rumors that GM might discontinue the Volt altogether. Dan Akerson himself had to come to the rescue of the embattled plug-in. Saying that “we are not backing away from this product,” Akerson promised more advertising and less volume. So far, so good. Then, Akerson did something really bad. […]

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Still Generous With Incentives, GM Sheds Market Share Nonetheless http://www.thetruthaboutcars.com/2012/02/still-generous-with-incentives-gm-sheds-market-share-nonetheless/ http://www.thetruthaboutcars.com/2012/02/still-generous-with-incentives-gm-sheds-market-share-nonetheless/#comments Mon, 13 Feb 2012 16:47:44 +0000 http://www.thetruthaboutcars.com/?p=430704 GM’s turn-around hinges on a market share above 19 percent, board member Stephen Girsky said at an industry meeting in October 2009. “The public plan is 19 percent and change. That is what everything is being based on,” Girsky said during a panel discussion at a conference at Columbia Business School. Reuters was taking notes. […]

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GM’s turn-around hinges on a market share above 19 percent, board member Stephen Girsky said at an industry meeting in October 2009. “The public plan is 19 percent and change. That is what everything is being based on,” Girsky said during a panel discussion at a conference at Columbia Business School. Reuters was taking notes. […]

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From Akerson To Ghosn, The Mood Of Industry Leaders Darkens http://www.thetruthaboutcars.com/2011/10/from-akerson-to-ghosn-the-mood-of-industry-leaders-darkens/ http://www.thetruthaboutcars.com/2011/10/from-akerson-to-ghosn-the-mood-of-industry-leaders-darkens/#comments Tue, 18 Oct 2011 18:34:52 +0000 http://www.thetruthaboutcars.com/?p=415176 Industry leaders, usually known for their unfatiguing optimism, are more and more taking a cautious stance. GM’s CEO Dan Akerson predicts flat industrywide U.S. auto sales in 2012, while his colleague Carlos Ghosn, chief of Renault and Nissan, has feelings of “very great uncertainty” when he looks toward 2012. In an interview with Automotive News […]

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Industry leaders, usually known for their unfatiguing optimism, are more and more taking a cautious stance. GM’s CEO Dan Akerson predicts flat industrywide U.S. auto sales in 2012, while his colleague Carlos Ghosn, chief of Renault and Nissan, has feelings of “very great uncertainty” when he looks toward 2012. In an interview with Automotive News […]

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Opel Officially Not For Sale, Honestly Now http://www.thetruthaboutcars.com/2011/07/opel-officially-not-for-sale-honestly-now/ http://www.thetruthaboutcars.com/2011/07/opel-officially-not-for-sale-honestly-now/#comments Thu, 28 Jul 2011 03:29:02 +0000 http://www.thetruthaboutcars.com/?p=404568 Better late than never: After refusing for months to comment on rumors that Opel might be up for sale, and after having been lambasted from his own workers up to Germany’s government, GM CEO Dan Akerson said the magic words: “We don’t comment on speculation — and there has been a lot of speculation — […]

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Better late than never: After refusing for months to comment on rumors that Opel might be up for sale, and after having been lambasted from his own workers up to Germany’s government, GM CEO Dan Akerson said the magic words: “We don’t comment on speculation — and there has been a lot of speculation — […]

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Opel Soap, Day 6: We Don’t Comment Rumors Of A Denial http://www.thetruthaboutcars.com/2011/06/opel-soap-day-6-we-don%e2%80%99t-comment-rumors-of-a-denial/ http://www.thetruthaboutcars.com/2011/06/opel-soap-day-6-we-don%e2%80%99t-comment-rumors-of-a-denial/#comments Tue, 14 Jun 2011 14:18:10 +0000 http://www.thetruthaboutcars.com/?p=398551 Workers, government, the press, all want a clear statement from GM: Is Opel up for sale, or not? No clear statement is forthcoming, and frustration runs high. There never had been an official denial of the possible spin-off. The stress is so enormous that an alleged telephone call in which GM’s Dan Akerson supposedly told […]

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Workers, government, the press, all want a clear statement from GM: Is Opel up for sale, or not? No clear statement is forthcoming, and frustration runs high. There never had been an official denial of the possible spin-off. The stress is so enormous that an alleged telephone call in which GM’s Dan Akerson supposedly told […]

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Akerson: BMW Better Than Cadillac http://www.thetruthaboutcars.com/2010/09/akerson-bmw-better-than-cadillac/ http://www.thetruthaboutcars.com/2010/09/akerson-bmw-better-than-cadillac/#comments Thu, 09 Sep 2010 12:05:50 +0000 http://www.thetruthaboutcars.com/?p=365181 When you start a new job, it’s considered important to make a good impression. How does the saying go? “Start as you mean to go on”. Well, Dan Akerson, I suspect, tried to heed that advice and ended up putting his foot in it. The Associated Press reports that Dan Akerson, CEO of Government (soon […]

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When you start a new job, it’s considered important to make a good impression. How does the saying go? “Start as you mean to go on”. Well, Dan Akerson, I suspect, tried to heed that advice and ended up putting his foot in it. The Associated Press reports that Dan Akerson, CEO of Government (soon […]

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