General Motors' President on GM's Changes in Australia

GM's Dan Ammann talks about the company's plans to restructure its Australian operations.

Mar 12, 2014 at 6:05PM

A GM event intended to show off the 2015 Corvette Z06 gave media members an opportunity to talk to several senior executives, including GM's new president, Dan Ammann. Shortly before he spoke to reporters, Ammann posed for photos with GM North America chief Alan Batey and product chief Mark Reuss. 

Major auto shows present unique opportunities to get up close with senior executives from the big automakers. Many of these folks are rarely available for media interviews, but when they are they can offer fascinating insights into the thinking behind their companies' new products and major initiatives.

We -- the Motley Fool's John Rosevear and Rex Moore -- were at the North American International Auto Show in Detroit in January. While there, we had conversations with several big-name executives -- including Ford (NYSE:F) CEO Alan Mulally and Chief Operating Officer Mark Fields, and General Motors' (NYSE:GM) Bob Ferguson, the executive who runs GM's Cadillac luxury brand.

Aside from Cadillac's leaders, GM executives were scarce at the show -- but a few big names turned out to watch the unveiling of the latest hot Corvette, the 2015 Corvette Z06. One of those was Dan Ammann, who took over as GM's new president in January. Ammann, a former Wall Street banker who had previously served as GM's chief financial officer, is known to be a "car guy", and a fan of high-performance Corvettes. We weren't surprised to see him at this event, and we rushed to listen in when he stayed to give brief remarks to the media afterwards.

Ammann may be a Corvette fan, but in his conversations with the media after the new Vette was revealed, the talk quickly turned to GM's ongoing corporate overhaul. Not long ago, GM announced plans to close its factory in Australia, where its Holden brand has seen declining sales. In this short video, shot right on the show floor, you'll hear Ammann -- a native New Zealander -- talk to an Australian reporter about the importance of the Holden brand and the thinking behind GM's restructuring efforts in the region.

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John Rosevear owns shares of Ford and General Motors. Rex Moore has no position in any stocks mentioned. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

Click here to learn about this incredible technology before Buffett stops being scared and starts buying!

David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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