Tomahawk, WI 11/15/2013 (BasicsMedia) – The U.S. No. 1 automaker General Motors Company (NYSE:GM) is best known, lately, for its $49.5 billion government bailout; a move that could potentially leave Fed in a $10 billion hole. But the automaker is also known for having successfully navigated its way out of the financial crisis and is today looking at profits and improved earnings. Moreover, the company’s stock is also among the highest in the industry. This means that GM’s executive has been doing some great job for the market and its investors.

When speculations have it that GM chief executive Dan Akerson could step down soon, views are divided on whether time has come to have a fresh man at the helm of the automaker. Some observers believe that Akerson should continue running the biggest carmaker in the U.S. perhaps until 2015 on the minimum. Then there are those who think that the CEO should create space having run the company since its tough days in 2010 to a point when it has achieved milestones.

First, it’s important noting that the CEO has not officially announced his exit. However, insiders have it that big announcement could be coming soon about Akerson’s retirement. Therefore, in this environment, the company has not started scouting for a replacement CEO. Nonetheless, it’s likely that the company would settle for one of its internal talents to lead its operations. A few names have been mentioned, but like Akerson’s exit, all that remains speculation. For GM, picking a CEO from among its ranks would ensure continuity of the strategies which have helped the company walk out of the deep financial hole it was in.

 

The company needs a change-agent

GM under Akerson has achieved a lot both in its books as well as public relation. To point out a few, the company has been able to eliminate historic inefficiencies and bureaucracy. It has also been able to climb up the investment grade credit rating. More importantly, the company is now plugging its financial hemorrhage in Europe. Among all these and many other successes that the 2010 executive has helped the company achieved, one that still needs more work is the improvement of sales in Europe. The company’s Europe operations have been lackluster, partly due to the bearish nature of the market now and also due to heightened competition in the region. The company thus needs a risk-taker, are what executives call a change-agent to boost its position in Europe.

Beyond Europe, the international market requires even greater attention. The company recently announced removing its international operations from Shanghai in China to Singapore. The reason given for this relocation was that GM needed to allow autonomy of the China operations given the significance of the market. Also, the company needed to be out of China to focus its eyes on the international market situation. The automaker definitely needs to do something to capture the emerging markets to secure its leadership in the car industry.

General Motors Company (NYSE:GM) will be free early next year when government ends the bailout relationship, an arrangement that allowed Fed influence in its policies, some of which insiders admit have not helped the company in its efforts to regain lost ground.

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