General Motors Co. named Mary Barra to succeed Dan Akerson as chief executive officer, completing the GM insider’s rise from a factory-floor worker to the industry’s first female CEO after more than a century of global automaking.
General Motors Co. is free from U.S. taxpayer ownership almost half a decade after first receiving government aid, underscoring the domestic auto industry’s rebound from the deepest downturn since the Great Depression.
Chrysler Group LLC’s inability to resolve a routine tax issue quickly enough led the automaker to delay its initial public offering until next year, according to three people with knowledge of the matter.
Chrysler Group LLC’s initial public offering was delayed after the automaker wasn’t able to resolve a routine tax issue quickly enough to complete the sale this year, three people with knowledge of the matter said.
Fiat SpA is set to gain the upper hand in negotiations to buy a health-care trust’s holding in Chrysler Group LLC if the final value for the American carmaker remains around the level currently being discussed.
A profitable General Motors Co. is poised to shake off a half decade of U.S. government oversight next month, underscoring the comeback of a once-moribund industry and gaining leeway over a $26.8 billion cash pile that it can use to lure talent while weighing a dividend.