Post Tagged with: "ceo"

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Europe: Germany’s auto industry could falter in 2016

Europe: Germany’s auto industry could falter in 2016

According to Siemens chief executive officer Joe Kaeser, interviewed by a local newspaper, the country’s heavily focused on exports car industry could take a hit next year as the strong sales in foreign markets are becoming a thing of the past. Kaeser talked to the Passauer Neue Presse newspaper in […]

GM ready to spend one billion dollars in India

GM ready to spend one billion dollars in India

General Motors, the largest US automaker and the third biggest in the world, announced on Wednesday it would pour $1 billion over the coming years into its Indian operations to have the country its new worldwide export hub. The investment comes amid a production capacity reduction in India, as demand […]

Hertz manages to fix financial books, lift cost cutting program

Hertz manages to fix financial books, lift cost cutting program

Hertz Global Holdings Inc.’s shares soared after the rental-car company announced it had ended restating its financial results for more than two years and its expense savings were higher than initially forecasted. The company finally managed to identify the $207 million it had “lost” through additional pretax misstatements from 2011 […]

GM keeping small car production in the US

GM keeping small car production in the US

After Ford last week announced it would shift away from its Michigan Assembly factory in suburban Detroit the production of two of its compact cars, questions were immediately raised about General Motors small car situation. Now, General Motors chief executive officer Mary Barra has tamed the storm, claiming the largest […]