Boston, MA 02/28/2014 (wallstreetpr) – General Motors Company (NYSE:GM) is keen on maximizing shareholder value, be it domestically or internationally. And the company is doing this aggressively. Fresh from announcing that it was moving its international office from China to Singapore, a move expected to give the Chinese operation more autonomy, the company declared its global leader Mary Barra is chief executive, becoming the first major automaker to place a woman at the help of its operations.
The company is not yet done with leadership changes and has just announced that GM India will be in the hand of Arvind Saxena as president and managing director. Mr. Saxena will be joining the company from rival Volkswagen, the German automaker that has been giving General Motors Company (NYSE:GM) a run for its market in China.
Mr. Saxena will replace Lowell Paddock who now moves to be a vice president for planning and program management for the automaker’s international operations, otherwise known as GMIO. Mr. Paddock headed India operations from January 2012.
Plotting for India
General Motors Company (NYSE:GM) is clearly committed to expanding its business empire in India, one of its fastest growing global markets. By hiring a veteran who understands India’s auto market like the back of his hand, GM hopes it has made the best bet to maximize shareholder value in the market, and it seems rightly so. Mr. Saxena worked for Fiat, Escorts and Maruti, thus making him an experienced leader in the India’s auto businesses.
Vehicle recall
General Motors Company (NYSE:GM) may be going here and there to book profits and expand business territory so as to return high value for investors, but the company is also dealing with a big image issue. From just dislodging itself from the Fed bailout dollar that led to it being derogatively referred as Government Motors, General Motors Company (NYSE:GM) has issued a massive vehicle recall that affects more than 1.6 cars with ignition switch problem. This move could bring a lot of debate about the quality of vehicles that the company manufactures.
