CEO Dan Akerson talks with the media after GM’s annual shareholders’ meeting. “This place was not the most pleasant place four years ago,” he said during the meeting. “It wasn’t that pleasant three or two years ago.”
General Motors executives eager to shed the stigma of government ownership got two doses of welcome news ahead of last week’s annual shareholders’ meeting.
Dutch sports car maker Spyker NV’s $3 billion lawsuit accusing General Motors Co. of trying to bankrupt Swedish automaker Saab was dismissed today by a U.S. judge who said the U.S. automaker had the right to block the sale of a company using its technology.
Spyker sued GM in August 2012, seeking damages and accusing the U.S. automaker of trying to stop a deal with Zhejiang Youngman Lotus Automobile Co. and eliminate a potential rival in the growing Chinese market.
General Motors has advised the National Highway Traffic Safety Administration it is recalling certain model year 2013 Chevrolet Malibu vehicles, manufactured 6 December, 2012 through 15 January, 2013.
We are all aware of the new battery unit that caught fire in the Boeing 787 Dreamliner and that the US Federal Aviation Administration (FAA) grounded all the aircraft.
There appears to be a lengthening queue of people who are claiming General Motors has got plenty to hide when it comes to the bankruptcy of Saab, and the resulting $3 billion lawsuit by Spyker against GM.
In the last couple of days the former head of the component suppliers association, CLEPA, told industry website www.just-auto.com, “I see some papers and emails that are very interesting regarding the action of GM. It is not going away. I suspect we have another scandal coming up.” Now the head of FKG, another suppliers association, has told the same website, “I am sure there has been a lot of dirty or half dirty business behind this last year, what really happened there.”
