Sony Corp.’s strategy to shield its PlayStation game unit from a strengthening yen is backfiring as the currency heads in the other direction this year, leading to losses ahead of a new console debut for the U.S. holidays.
The Motor City was the car capital of the world when David Cole graduated from a Detroit high school in 1955 and headed off to college to study auto engineering. Six decades later, the “motor” has mostly moved out, he said.
Dan Akerson, who became chief executive officer at General Motors Co. in 2010, gives himself a “B” for his performance so far. He has too much work to do to think about retiring for at least another year or two, he said.
Gun-toting fighters take a back seat to Microsoft Corp. and Sony Corp. this week as the console makers battle to show they’ve got the best plan for selling pricey machines in the age of cheap play on phones and tablets.
The Obama administration’s decision to sell more of its stake in General Motors Co. underscores the resurgence of a domestic auto industry that emerged from near- collapse to become a pillar of economic growth.
Mark Reuss remembers the day, 20 years ago, when his father’s career was blindsided. Reuss had a tuxedo hanging in his car to wear that night to a long-planned event honoring his father’s 35-year career at General Motors Corp. when his mother called.
Bob King , the next United Auto Workers leader, inherits a union that gave up thousands of jobs and billions in benefits to save the U.S. auto industry. His legacy will rest on how workers are rewarded in the recovery.
General Motors Co. Chief Executive Officer Dan Akerson is planning a reorganization of the automaker that would move it away from long-entrenched regional authority toward a structure built on global functions, said two people familiar with the planning.