General Motors has announced that Dan
Akerson, who guided GM to record profits and dramatic improvement in vehicle
quality while closing the chapter on government ownership in the company, will
step down as chairman and CEO on Jan. 15, 2014. Mary Barra, 51, executive vice
president, Global Product Development, Purchasing and Supply Chain, was elected
by the Board of Directors to become the next CEO of the company. Barra
will also join the GM Board.
The Board also named Theodore (Tim) Solso
to succeed Akerson as Chairman. Solso, 66, is the former chairman and CEO
of Cummins, Inc., and has been a member of the GM Board since June 2012.
“I will leave with great satisfaction in what we
have accomplished, great optimism over what is ahead and great pride that we
are restoring General Motors as America’s standard bearer in the global auto
industry,” Akerson said in a message to employees.
With 33 years of experience at GM, Barra
has risen through a series of manufacturing, engineering, and senior staff
positions. She is a leader in the company’s ongoing turnaround, revitalising
GM’s product development process resulting in the launch of critically
acclaimed new products while delivering record product quality ratings and
higher customer satisfaction.
“With an amazing portfolio of cars and
trucks and the strongest financial performance in our recent history, this is
an exciting time at today’s GM,” said Barra. “I’m honored to lead the best team
in the business and to keep our momentum at full speed.”
Celebrating its 120th Anniversary, Royal Enfield announced the launch of a new range of limited edition helmets earlier this week. The limited range will consist of hand painted helmets designed by ar...
Sony India has introduced the new XAV-AX8100 in-car media receiver, offering new utility features, powerful sound and smart features.
ExxonMobil Lubricants Pvt Ltd launched its upgraded Mobil Super Moto range of engine oils to make it easier for people to maintain their two-wheelers in top condition. The launch comes at a time when...
In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility
talks about his company plans to enter the two and four wheeler electric vehicle space.
Motown India speaks to Woosuk Leem, Managing Director, AS Parts Division, Mobis India to get more details about the Hyundai Mobility Membership App and its advantages.
Vishal Mathur, Senior Vice President, LMD Truck Business – VECV elaborates upon VECV’s Light & Medium Duty (LMD) business in India, the company’s product offering and the several advantages offered by...