DETROIT (WWJ) – GM CEO Dan Akerson says he expects his company to pick up some market share in the coming year, and regain its investment grade status.
“I think 13 and 14 the Sun will be on our backs,” said Akerson, in a Wednesday morning roundtable with reporters. “These will be good years, not only domestically, but on an international basis.”
The one exception would be Europe, where Akerson says selective cost cutting will help General Motors cuts its losses by one-third to one half. But, he doesn’t expect Europe to reach break even status until 2016.
GM has posted eleven consecutive quarterly products, the longest streak for the company in more than a decade. Akerson expects that streak to continue when General Motors unveils its fourth quarter 2012 earnings in late January or early February.
“I think it’s been a little bit unrecognized what we’ve been able to do in the last twelve months.”Comments