January 7, 1986
General Motors Hughes Electronics Corp., which was created last month following the acquisition of Hughes Aircraft Co. by General Motors, named three new executives. Donald J. Almquist, general manager of GM's Delco Electronics division, was named vice president and general manager of Delco Electronics Corp., a subsidiary that includes GM's principal automotive electronics operations and part of its defense operations. He reports to Delco Electronics President Robert J. Schultz. Also, Harry G.
February 5, 1992 |
Satellite-to-Home Broadcasting to Be Offered: Thomson Consumer Electronics, which make RCA and GE televisions, said it will help launch a satellite-to-home TV broadcasting system through a venture with the Hughes Electronics unit of General Motors Corp. Thomson, owned by French electronics concern Thomson SA, will make the satellite receiving dishes, TV set decoders and other technology for the system, which is to begin operating in early 1994.
February 25, 1992 |
While General Motors gushed red ink last year, three subsidiaries that make no cars were profitable. Electronic Data Services, General Motors Acceptance Corp. and GM Hughes Electronics reported combined profit of nearly $2.5 billion. In contrast, GM's North American automotive operations suffered an estimated $7.4-billion loss. The company as a whole lost $4.5 billion in 1991, GM officials said Monday.
September 20, 2002 |
MEDIA * EchoStar Communications Corp.'s proposed $18.3-billion purchase of General Motors Corp.'s DirecTV would "at best" reduce competitors for subscription television from three competitors to two, the Justice Department's antitrust enforcement chief told a Senate committee. In rural areas not served by cable television, there will be no competition to the merged satellite television provider, Assistant Atty. Gen. Charles A. James testified.
June 21, 1988 |
Perceptronics has held talks with Ford Aerospace about Ford buying a portion of the Woodland Hills company. "We are interested in forming strategic relationships," said Gershon Weltman, chairman of Perceptronics. "We have been in contact with Ford Aerospace." Susan Pearce, a spokeswoman for Ford Aerospace, refused comment. "As a matter of Ford policy, we do not discuss in any way questions about acquisitions," she said.
September 16, 1993 |
The Internal Revenue Service has demanded that Hughes Aircraft pay $370 million in back taxes and penalties dating to the mid-1980s, the aerospace company disclosed in appeals it has filed in U.S. Tax Court. The amount is one of the largest known tax deficiencies attributed to an aerospace contractor, although such disputes usually are not disclosed to the public because they are settled before reaching Tax Court, corporate tax experts said.