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General Motors Co. has delayed its public stock offer filing until early next week as it updates its prospectus for Thursday’s announcement of its change in CEOs, a source familiar with the situation said today. The filing with the U.S.

Tags: Ceos, General Motors, General Motors Co., Gm, Gm Stock, Prospectus, Public Stock, United States

Auto parts suppliers have emerged from the recession with an unfamiliar prospect amid lower volumes: profitability. Parts makers are poised for strong — perhaps even record — profits because of lower breakevens, several supplier CEOs say.

Tags: Auto Parts Suppliers, Ceos, Market Auto, Millon, Profitability, Recession, Record Profits

In another sign that the economy is starting to improve, the CEOs of two public dealership groups say they intend to start buying stores again. Sid DeBoer, CEO of Lithia Motors Inc., wants to use cash from Lithia’s Oct.

Tags: Ceo, Ceos, Dealership Groups, Deboer, Economy, Lithia Motors, Lithia Motors Inc, Resume, Sid

BBDO, which managed to survive a turnover of owners and CEOs at Chrysler this decade, will part with its longtime automotive client when its contract expires at the end of January, according to an executive close to the matter.

Tags: Bbdo, Ceos, Chrysler, Decade, Parting Ways, Turnover

The CEOs of General Motors and Chrysler LLC told Congress today that slashing dealer networks were crucial for saving their companies. “We have no choice.

Tags: Ceos, Chrysler, Chrysler Dealer, Chrysler LLC, Congress, Congress Today, Dealer Networks, Execs, General Motors, Gm, Gm Dealer, Llc, Turnaround

Haircuts were all the rage in 2008. As the economy went into a tailspin last year, so did the cash compensation of automotive CEOs, according to Automotive News’ annual survey.

Tags: All The Rage, Automotive News, Cash Compensation, Ceo Pay, Ceos, Economy, Haircut, Haircuts, Tailspin

The Senate Commerce Committee plans to call the CEOs of Chrysler LLC and General Motors to testify early next month about concerns over their plans to close hundreds of dealerships.

Tags: Ceos, Chiefs, Chrysler, Chrysler LLC, General Motors, Gm, Llc, Senate Commerce Committee, Shutdowns

Detroit 3 CEOs won’t be back in the nation’s capital to grovel for more taxpayer money any time soon, industry officials say with cautious optimism. One reason: More federal aid is likely for the industry even without groveling.

Tags: Cautious Optimism, Ceos, Industry Officials, Reason, Taxpayer Money

After Congress told the Detroit 3 CEOs to get back on their private jets and come back with a detailed plan the next time they came asking for a $25 billion loan, it was abundantly clear that GM, Ford and Chrysler had all terribly missed the mark…

Tags: Bungle, Ceos, Chrysler, Congress, Detroit, Ford, Gm, Gm Ford, Lessons Learned, Private Jets, USD

The Detroit 3 CEOs won a warmer reception in Congress today than they did two weeks ago as Senate leaders said they were searching for ways to provide emergency loans.

Tags: Ceos, Congress Today, Emergency Loans, Headway, Senate Leaders

President-elect Barack Obama said today that he — like members of Congress — was surprised that the Detroit 3 CEOs were so ill-prepared for their crucial hearings last week on federal aid to the industry.

Tags: Barack Obama, Ceos, Congress, Detroit, Members Of Congress, President Elect

Symbols matter. The Detroit 3 CEOs got slapped around in congressional hearings last week because they forgot this first rule of politics David Sedgwick is editor of Automotive News.

Tags: Automotive News, Ceos, Congressional Hearings, David Sedgwick, Detroit, Symbols