GM

GM to miss out on high-priced Super Bowl advertising

GM to miss out on high-priced Super Bowl advertising

American auto giant General Motors Co. (GM) has confirmed that it would not advertise its products in the next Super Bowl.

Confirming its decision to forego advertising in the February 3 broadcast of Super Bowl XLVII, GM held sharp price increase demanded by CBS responsible for its decision.

Joel Ewanick, marketing chief at GM, said, "We understand the reach the Super Bowl provides, but with the significant increase in price, we simply can't justify the expense."

GM India threatens to fire striking workers

GM India threatens to fire striking workers

The nine-day strike continues with a dead end which causes General Motors India to call for chopping down its number of employees. The company’s senior officials have made this announcement in the wake of current downfall in auto industry and non-ending strike of employees.

Workers have called for strike against unfair labour practices and they have submitted medical reports of 269 colleagues with back injury to National Human Rights Commission seeking its intervention.

General Motors CFO says the company could return to profit in FY 2010

General Motors CFO says the company could return to profit in FY 2010

Chris Liddell, the chief financial officer of General Motors Co., said today that the recovery in auto sales in 2010 could lead the automaker into profits this year. If the company posts profit this year, it will be the full year profit by General Motors since 2004. CFO also said that the company could launch its IPO in the second half of the year.