GM comsolidates operations

Article Abstract:

General Motors has consolidated its foreign and US operations into one global venture in a move that set off a number of executive changes. According to company officials, the consolidation could reduce decision-making time and enable the company to leverage its size around the world. General Motors' truck and car operations, which were earlier split between North America and the rest of the world, are now a single operation under the name GM Automotive Operations. That operation is headed by G. Richard Wagoner, 45, who was previously chief of the GM's North American operations.

Comment:

Consolidates foreign and US operations into one global venture in move that set off a number of executive changes

Production management, General Motors Corp.

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High-status two-seaters to strut stuff

Article Abstract:

Automakers are poised to introduce new two-seat roadsters to the market. General Motors Corp's Cadillac Division will begin selling its luxury two- seat, rear-drive Evoq model during the 2003 model year. The model will feature an overhead camshaft Northstar V-8 engine and folding hardtop. Ford Motor Co will begin selling its two-seat, rear-wheel-drive Thunderbird in the 2002 model year. The auto features a 3.9-liter V-8 engine with five-speed automatic transmission, porthole windows, and removable hardtop.

Product introduction

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Chrysler execs cash in on merger

Article Abstract:

Chrysler's merger with Daimler-Benz of Germany in November 1998 in a deal worth up to $45 billion could bring in more compensation for Chrysler's executives. Chrysler CEO Robert Eaton alone could obtain $219 million cash, including stock and stock options on $149 million in DaimlerChrysler shares. The merger could grant Chrysler CFO Gary Valade $52.3 million, including $29 million in stock options, while President Thomas Stallkamp could obtain $50 million, including $25 million in stock options.

Comment:

Its merger w/ Chrysler in a deal worth up to $45 bil could bring in more compensation for Chrysler's executives

Acquisitions & mergers, Germany, Management development, Daimler-Benz AG, Chrysler Corp.

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