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Dan Ammann
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CFO says GM streamlining is 'on its way'
DETROIT -- As a banking adviser to General Motors when he was at Morgan Stanley, Dan Ammann got an upfront view of GM's spiral into bankruptcy in 2009 and subsequent restructuring. Now, more than two years into his …
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Akerson's global goal: Rebuild GM into an IT powerhouse
… directly employ about 9,000 IT workers, up from about 1,500 last year. "We were paying them all anyway," GM CFO Dan Ammann told Automotive News last week. "They were all working on GM full time. It's just that they worked for another company …
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GM CFO: Cadillac won't chase 'volume at all costs'
… introductions as they seek to attract new groups of buyers in one of the industry's most competitive segments . But Dan Ammann told Automotive News today that Cadillac won't try to match its German competitors model for model. "We're not …
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Pickup preparations squeeze GM's profit
… billion. North America remained GM's profit center, but pretax profit there fell 14 percent, to $1.41 billion. CFO Dan Ammann attributed the lower pricing and wholesale deliveries to dealerships in part to the changeover to the next-generation …
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GM makes progress on Europe turnaround
… results that you see in the first quarter are a function of us executing" the European plan, Chief Financial Officer Dan Ammann told reporters on Thursday. Ammann said GM is sticking to its goal of breaking even in Europe by mid-decade, although …
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GM's Europe loss narrows; overall Q1 profit drops 14%
… Opel/Vauxhall Mokka small SUV and Adam minicar, GM CEO Dan Akerson said in a statement . GM Chief Financial Officer Dan Ammann said today that pricing in Europe was flat in the quarter, which helped lead to a $300 million improvement in the unit …
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GM's Q1 net falls 14% on N.A. decline
… volumes in North America hurt its bottom line by about $400 million vs. a year earlier. Truck changeover hurts CFO Dan Ammann attributed the lower pricing and wholesale deliveries to dealerships in part to the changeover to the next-generation …
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GM redemption seen culminating in return to SandP 500 Index
… Jones Indices, declined to comment on potential changes. "We'd hope to have that happen as soon as possible," Dan Ammann , GM chief financial officer, said during a taping of "Autoline This Week," which will be broadcast beginning May …
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Girsky's Opel saga: Imitating Hannibal
… themselves," Girsky said. A first key step in changing the culture was placing senior GM executives, including CFO Dan Ammann , on the Opel board, Girsky said. "We needed to connect Opel with the rest of the corporation," Girsky said. Adding …
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GM's Girsky slashes at Opel's culture
… said. A first key step in changing the culture was placing senior GM executives, including Chief Financial Officer Dan Ammann , on the Opel board, Girsky said. "We needed to connect Opel with the rest of the corporation," Girsky said. Adding …
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GM execs receive 324,489 restricted stock units
… Securities and Exchange Commission. GM shares closed up 1.8 percent at $27.58 today.andnbsp; Chief Financial Officer Dan Ammann received 60,841 restricted stock units; global product development chief Mary Barra received 58,998; Vice Chairman …
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GM's 2013 priorities: Launch pickups, fix Europe
… deepening recession and debt crisis. GM's European losses for the year nearly tripled, to $1.80 billion. GM CFO Dan Ammann said he expects industrywide conditions in Europe to worsen this year. Still, he stood by an earlier forecast that …
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GM: 'No intention' of investing more cash in Peugeot
… PSA Peugeot Citroen, GM's CFO said Thursday. "We have no intention of putting more cash into Peugeot," GM CFO Dan Ammann told reporters on Thursday during a briefing for the company's fourth-quarter results. GM booked a $220 million …
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GM is confident of Europe turnaround after losses doubled
… losses in Europe and reflected the rapid deterioration of vehicle demand and economic conditions in the region. GM CFO Dan Ammann said the automaker is "not betting on" an uptick in European auto demand later this year and he expects conditions …
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GM's Q4 operating profit rises 14% to $1.25 billion
… outweighed higher volumes and better product mix, including stronger sales of profitable full-sized pickups. GM CFO Dan Ammann said a busier vehicle-launch schedule pushed fourth-quarter costs higher in North America, but he said that vehicle …
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A CEO search, GM style: Who'll take it?
… who has not given a time frame for his departure. Other internal prospects include GM product chief Mary Barra, CFO Dan Ammann , Girsky, and Tim Lee, head of GM's global manufacturing and its international division, which includes China.
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GM's Reuss was considered for CEO job in 2010, Whitacre says
… potential heir apparent to Akerson. Other possible successors are Vice Chairman Steve Girsky, Chief Financial Officer Dan Ammann and global product development chief Mary Barra. Akerson, 64, has not given a timeline for his retirement. More seasoning …
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GM agrees to buy Ally's European auto-finance business
… competitor by ensuring that competitive financing is available to our customers and dealers around the world," GM CFO Dan Ammann said in a separate statement. GM, which counts the U.S. government as its biggest shareholder, is seeking a turnaround …
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GM Financial agrees to buy Ally's international auto-finance business
… competitor by ensuring that competitive financing is available to our customers and dealers around the world," GM CFO Dan Ammann said in a separate statement . GM, which counts the U.S. government as its biggest shareholder, is seeking a turnaround …
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GM clinches $11 billion credit line; aiming for Europe
… backup liquidity and financial flexibility, further bolstering our fortress balance sheet," Chief Financial Officer Dan Ammann said. Thirty-five banks from 14 countries, led by JPMorgan Chase and Co. and Citigroup Inc., participated in the …
