General Motors Co. and Chrysler Group LLC gains led November U.S. auto sales that accelerated to the fastest pace in more than five years as dealers stepped up promotion of year-end offers to try to control rising inventory.
Ford Motor Co. directors gathering this week in Dearborn, Michigan, are likely to discuss future plans by Chief Executive Officer Alan Mulally, who is being considered for the top job at Microsoft Corp., according to a person familiar with the board’s thinking.
It’s not just Toyota Motor Corp.’s recalls last year or Japan’s earthquake driving General Motors Co. back to being the world’s largest carmaker. Nor is it completely to GM’s credit. What’s really happening is a historic shift in the car business.
General Motors Co., the automaker that has lost $14.5 billion in Europe since 1999, said Volkswagen AG Chief Executive Officer Martin Winterkorn is stoking speculation that GM’s German-based Opel unit is for sale.
As General Motors Co. chief executive officer, Dan Akerson, a former boxer, has avoided a hallmark of old GM: Trying to solve problems with a knockout punch. He displayed his style of relentless jabs by promoting Alan Batey to lead the Chevrolet brand globally.
Toyota Motor Corp. was already counting on the revamped Camry to spark a U.S. sales rally. The carmaker’s flagship model is now under additional pressure as a stronger currency and Thailand’s floods cut into profit.