Tag Archives: gm annual meeting

GM CFO’s Wife Disclosed in $600,000 Related Party Deal

In an amended proxy filing to the Securities and Exchange Commission made public today, General Motors said that it recently learned about a related party transaction in 2011 not included in the original proxy statement. Pernilla Ammann, the wife of GM’s Chief Financial Officer Dan Ammann, is an officer and partner in an advertising agency that received approximately $600,000 for services provided to a GM subsidiary in 2011. Continue reading

Posted in auto news | Tagged , , , , , , , , | Leave a comment

Akerson Praises GM at Annual Meeting as Stock Languishes

The weaknesses at GM remain in its sales of traditional trucks, with a 110 days supply of full size pickups; it’s heavy use of incentives, which remain higher than the industry average, (but are lower than the levels that drove it into bankruptcy); and gaps in updating the product line because of delayed programs at the end of the last decade when cash was short. Continue reading

Posted in auto news, economy, financial results, news analysis, people, performance | Tagged , , , , , , , , , , , | Leave a comment