Staff Writer - CheersandGears.com
August 4, 2012
"In recent weeks, you have seen that we do not hesitate to act when change is required to make the business stronger."
Those words coming out of General Motors CEO Dan Akerson during a conference call with reporters this week. Akerson was referencing the recent outings of Global Marketing Chief Joel Ewanick and Dave Lyon, who was to become VP of design at GM Europe.
Akerson went on to say, "from time to time, it will mean parting company with people who are not delivering expected results, or alternatively, who don't meet the highest standards for accountability or integrity."
In terms of making the business strong, GM needs some help. Second quarter results saw revenue and net income drop when compared to the same time last year. Chalk the losses to the uneasy economy in Europe and Japanese Automakers coming back strongly after last year's earthquake.
Source: The Detroit News
William Maley is a staff writer for Cheers & Gears. He can be reached at email@example.com or you can follow him on twitter at @realmudmonster.