Cars
And yes, another CEO "quits" GM. Today, Edward Whitacre announced plans to resign as chief executive officer of the Detroit automaker on September 1, 2010, and as chairman of the board by the end of the year. He will hand over both positions to Dan Akerson, 61, who has served on the GM board of directors since July 2009. Akerson will become CEO on September 1 and chairman by the end of the year.
- Gm Ceo Says European Crisis Forces Company To Reevaluate Its Operations
Speaking at a recent Detroit Economic Club forum, General Motors Chairman and CEO, Dan Akerson told reporters that while GM is performing admirably in the U.S., the mounting European debt crisis is forcing the Detroit automaker to rethink its strategy...
- Gm's Bob Lutz Says That Auto Execs Are "way, Way, Way Underpaid"...
Yes, you read correctly; auto executives earning six- or seven-figure salaries to run a company that went bankrupt and had to be bailed out by the government, (partially due to the incompetence of some of its high-ranking/paid officials), should be filling...
- Gm Receives Approval To Sell Assets To U.s Department Of The Treasury
A New York judge approved the sale of most of General Motors Corporation's assets to NGMCO, Inc., an entity funded by the U.S. Department of the Treasury, on late Sunday, thus opening the way for a quick exit from Chapter 11 in less than 40 days after...
- Obama Administration Ousts Rick Wagoner From Gm, Fritz Henderson New Ceo
General Motors Chairman and CEO Rick Wagoner has stepped down from his position at the request of President Barack Obama and his administration ending an eight year term at the helm of the company. The U.S. automaker announced that Wagoner will be replaced...
- Gm Boss Rick Wagoner Reportedly Resigns
General Motors boss Rick Wagoner is apparently stepping down as of... now. So says a source of the Associated Press. The Good Car Guy learned of this through a CTV.ca article posted minutes ago. Reports also surfaced today that the Obama administration...
Cars
Business as Usual at GM: Akerson to Replace Whitacre as CEO
And yes, another CEO "quits" GM. Today, Edward Whitacre announced plans to resign as chief executive officer of the Detroit automaker on September 1, 2010, and as chairman of the board by the end of the year. He will hand over both positions to Dan Akerson, 61, who has served on the GM board of directors since July 2009. Akerson will become CEO on September 1 and chairman by the end of the year.For those keeping record, General Motors has gone through four different chief executives in a little over a year: Rick Wagoner, Fritz Henderson and now, Edward Whitacre.
"My goal in coming to General Motors was to help restore profitability, build a strong market position, and position this iconic company for success," said Whitacre. "We are clearly on that path. A strong foundation is in place and I am comfortable with the timing of my decision."
- Gm Ceo Says European Crisis Forces Company To Reevaluate Its Operations
Speaking at a recent Detroit Economic Club forum, General Motors Chairman and CEO, Dan Akerson told reporters that while GM is performing admirably in the U.S., the mounting European debt crisis is forcing the Detroit automaker to rethink its strategy...
- Gm's Bob Lutz Says That Auto Execs Are "way, Way, Way Underpaid"...
Yes, you read correctly; auto executives earning six- or seven-figure salaries to run a company that went bankrupt and had to be bailed out by the government, (partially due to the incompetence of some of its high-ranking/paid officials), should be filling...
- Gm Receives Approval To Sell Assets To U.s Department Of The Treasury
A New York judge approved the sale of most of General Motors Corporation's assets to NGMCO, Inc., an entity funded by the U.S. Department of the Treasury, on late Sunday, thus opening the way for a quick exit from Chapter 11 in less than 40 days after...
- Obama Administration Ousts Rick Wagoner From Gm, Fritz Henderson New Ceo
General Motors Chairman and CEO Rick Wagoner has stepped down from his position at the request of President Barack Obama and his administration ending an eight year term at the helm of the company. The U.S. automaker announced that Wagoner will be replaced...
- Gm Boss Rick Wagoner Reportedly Resigns
General Motors boss Rick Wagoner is apparently stepping down as of... now. So says a source of the Associated Press. The Good Car Guy learned of this through a CTV.ca article posted minutes ago. Reports also surfaced today that the Obama administration...