Tagged: General Motors

GM board sacks new CEO

Only eight months after General Motors’ new owners — the U.S. government — replaced the old CEO, the GM board canned that CEO  in an effort to accelerate paying back taxpayers for the loans that kept the automaker afloat.  School of Management Dean Lou Lataif, a former Ford Motor Company senior executive, says the moves […]

GM to sell new cars on eBay

In a grand experiment, revived General Motors will let most of its California auto dealers haggle online with customers by selling new vehicles over eBay.  School of Management Dean Louis Lataif, a former Ford executive, says the move is inevitable, but could have some glitches — like when a car owner is both the buyer and […]

GM clears bankruptcy hurdle

Saying the only alternative would be liquidation, a federal judge has okayed the sale of GM’s assets to a new government-run agency, paving the way for the automaker to emerge from bankruptcy.  School of Management Dean Louis Lataif, a former Ford executive, can discuss the implications. Contact Louis Lataif, 617-353-2668, lelataif@bu.edu

GM bankruptcy hearing

Bailed-out General Motors is in bankruptcy court today seeking permission to sell off its assets to the U.S. Treasury funded Vehicle Acquisition Holdings LLC.  School of Management Professor Israel Shaked, a bankruptcy expert, can discuss the process. Contact Israel Shaked, 617-353-2665, shaked@bue.edu

China may nix Hummer buyout

Reports say Chinese regulators likely will block a Chinese manufacturing firm from purchasing the Hummer franchaise from bankrupt General Motors, in part they say because the gas-guzzling Hummer doesn’t fit China’s energy-saving policies.  School of Management Dean Louis Lataif, a former Ford executive, can discuss the ongoing GM situation. Contact Louis Lataif, 617-353-2668, lelataif@bu.edu

G.M. sells Saab

Bankrupt automaker General Motors will sell its Swedish unit, Saab, to a consortium led by Koenigsegg Automotive, makers of high-performance sports cars.  GM already has sold Opel and is selling or dumping its Hummer, Saturn, and Pontiac lines.  Former Ford executive Louis Lataif, now dean of the School of Management, can discuss the industry’s big […]

Chrysler sale in legal limbo

Chrysler’s sale to Fiat is in the hands of the Supreme Court which issued a stay while it considers hearing a creditor’s appeal of the deal.  School of Management Professor Israel Shaked, an M&A and bankruptcy expert, can discuss what could happen next. Contact Israel Shaked, 617-353-2665,  shaked@bu.edu

Delphi to get GM bailout $$

Auto-parts maker Delphi reportedly will be able to emerge from nearly 4 years in bankruptcy thanks to $2.5 billion in GM bailout money to be used to finance a buyout by a private-equity firm.  School of Management Professor Israel Shaked, an expert in M&A and bankruptcy, can comment on the implications. Contact Israel Shaked, 617-353-2665, shaked@bu.edu

GM’s post-bankruptcy ad campaign

General Motors is launching a post-bankruptcy advertising campaign targeting network TV, the Web, and Facebook, with the hook:  “We’re not witnessing the end of the American Car.  We’re witnessing the rebirth of the American Car.”  College of Communication Professor Christopher Cakebread, an expert on controversial ads, can discuss GM’s gambit. Contact Christopher Cakebread, 617-353-3476, ccakebre@bu.edu

New role for U.A.W.

Now the major stakes in both General Motors and Chrysler, the United Auto Workers finds itself in an unusual dual role as both the major labor union in the automotive industry and a part owner.  School of Management economist David Weil, a labor-relations expert, can discuss this dilemma/opportunity. Contact David Weil, 617-353-4615, davweil@bu.edu