General Motors Co (GM.N) Chief Executive Dan Akerson earned $7.7 million in cash and stock in 2011, the year the automaker reclaimed its global sales crown and boosted its annual profit by 62 percent, GM said in a proxy filing on Thursday.

Facing increasing challenges overseas, Ford Motor Co. F +2.99% and General Motors Co. GM +1.83% appear headed for slimmer profits this year compared with 2011 although their bottom lines should remain very strong by historical standards.

General Motors Co. GM -0.58% and its big Chinese partner, Shanghai Automotive Industry Corp., agreed to restructure their joint venture to give GM equal say in key decisions as their alliance moves to expand outside China, GM Chief Executive Dan Akerson said.

General Motors Co. GM +0.46% and its big Chinese partner, Shanghai Automotive Industry Corp., agreed to restructure their joint venture to give GM equal say in key decisions as their alliance moves to expand outside China, GM Chief Executive Dan Akerson said.

To commemorate its 100th anniversary of the brand, GMC will offer a Heritage Edition package on select model-year 2012 pickups and full-size SUVs. They include the GMC Sierra 1500 crew cab, GMC Yukon and Yukon XL models in SLT trim.

General Motors is recalling 6,159 2012 Chevrolet Suburban and Express and GMC Yukon XL and Savana vehicles because of potential steering failure, according to the National Highway Traffic Safety Administration.

General Motors unveiled a Denali version of its GMC Terrain on Wednesday that should further differentiate the GMC brand and boost profit margins.

General Motors unveiled a Denali version of its GMC Terrain on Wednesday that should further differentiate the GMC brand and boost profit margins.

General Motors Co. announced Wednesday that it will offer a 2013 GMC Terrain Denali, complete with a new 3.6-liter V-6 engine, for the Terrain lineup next year.