MORAINE, OH—DMAX Ltd. will invest $60 million to redesign its diesel engines so they meet future emissions requirements. The investment retains approximately 500 jobs at the joint venture between General Motors and Isuzu.
DETROIT—General Motors sold 9.71 million cars and trucks worldwide last year, not enough to beat out Toyota for the global sales crown but good enough for second place.
DETROIT—GM CEO Dan Akerson plans to retire, and the automaker will appoint Mary Barra as his successor. GM’s senior vice president for product development, Barra will become the first female CEO of a major automaker.
DETROIT—The Treasury Department yesterday sold the last of its shares of GM stock, underscoring the domestic auto industry’s rebound from the deepest downturn since the Great Depression.
DETROIT—GM is investing $24 million in electrical generation equipment that will allow the company to use more landfill gas at its assembly plants in Fort Wayne, IN, and Orion, MI. The new equipment will generate more than 14 megawatts of electricity from landfill gas, saving a combined $10 million in energy costs each year at the facilities.
ROCHESTER, NY—Perseverance and creativity enabled a 75-year old GM assembly plant here to go landfill-free. The journey took four years and included seven attempts to recycle a challenging oily filter sludge generated from a machining operation.
DETROIT—The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the 105-year-old auto giant’s history.
