In the short time that she’s been CEO of General Motors, Mary Barra has repeatedly been called before federal lawmakers and investigators to answer for the car company’s record-shattering recalls, including the ignition-related problems that went ignored for more than a decade. But her predecessor at the GM CEO gig says he probably wouldn’t have received such tough interrogations from Congress. [More]
General Motors CEO Dan Akerson believes in educating the consumer. That’s why, rather than GM being compelled by Washington to make more fuel efficient cars that might cost us more to purchase, he thinks the drivers of America need to learn a lesson in frugality by being forced to pay more money at the pump.
Something a little more important than the newest Chevy went on sale at GM today — new shares of the company hit the market at $35 this morning and appeared by lunchtime to be doing a healthy business. And while today’s IPO will likely put a sizable dent in the company’s debt, CEO Dan Akerson isn’t as eager as his predecessor to make promises that future stock sales will guarantee taxpayers are repaid in full.