Cars
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 will be forcing GM and Chrysler to comply with a restucturing deadline or else face a government-backed chapter 11 bankruptcy with an announcement on that coming soon. One media release from General Motors today said in no uncertain terms (and with one sentence) that GM had no comment on that subject.
- 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...
- Former Gm Ceo Rick Wagoner To Receive $10 Million Retirement Package
The bad news for former GM CEO Rick Wagoner is that the firm's bankruptcy proceedings and the formation of the New GM led to a cut of around 50 percent in his retirement package. The good news for Wagoner is that he is still entitled to a pension...
- Gm Ceases Corporate Jet Operations, Wagoner Will Drive A Malibu To Dc...
Bowing over to the harsh criticism from Congress for the use of corporate jets, GM is following in the footsteps of Ford that announced the sale of its five corporate jets in its new business plan. In a statement issued today, GM said that it will cease...
- Chevrolet Camaro "comeback" Officially Announced
Following speculations after it's thriving debut at the North American International Auto Show, GM Chairman and CEO Rick Wagoner gave the Chevrolet Camaro the green light today. "The overwhelmingly enthusiastic response to the Camaro Concept continues...
- Gm's Bob Lutz Retiring This Year - Tom Stephens Becomes New Vp Of Global Product Development At Gm
76-year old Bob Lutz will be retiring from General Motors at the end of the 2009 calendary year. Effective as of the beginning of April, Tom Stephens will take over Lutz's position as the Vice Chairman in charge of  Global Product Development....
Cars
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 will be forcing GM and Chrysler to comply with a restucturing deadline or else face a government-backed chapter 11 bankruptcy with an announcement on that coming soon. One media release from General Motors today said in no uncertain terms (and with one sentence) that GM had no comment on that subject.Wagoner has been employed by General Motors since 1977 when he began work in GM's Treasurer's Office. He eventually became the VP of GM Canada in 1987 and the director of Pontiac-Chevrolet-GMC Canada the next year. A move to Switzerland landed Rick Wagoner a job as GM's VP of finance for Europe. At General Motors do Brasil, Wagoner was the president and managing director in '91 and '92. Beginning later in '92, G. Richard Wagoner became the chief financial officer and executive VP of General Motors and held that position until 1994. 1993 also saw the additional role of worldwide purchasing added to his portfolio.
However, 1994 saw Rick Wagoner take over North American operations. Yes, that does make it appear as though GM's greatest fall from grace in their own backyard came under his watch. The real story is much more detailed and complex; a story where blame (and credit) needs to be spread around. In June of 2000, Wagoner took over as the CEO of General Motors and was also named company president. He remained the CEO when he became the chairman on May 1, 2003.
Rick Wagoner has a bachelor of economics from Duke University and a master's degree in business administration from Harvard. He was born in Delaware in 1953. More later...
- 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...
- Former Gm Ceo Rick Wagoner To Receive $10 Million Retirement Package
The bad news for former GM CEO Rick Wagoner is that the firm's bankruptcy proceedings and the formation of the New GM led to a cut of around 50 percent in his retirement package. The good news for Wagoner is that he is still entitled to a pension...
- Gm Ceases Corporate Jet Operations, Wagoner Will Drive A Malibu To Dc...
Bowing over to the harsh criticism from Congress for the use of corporate jets, GM is following in the footsteps of Ford that announced the sale of its five corporate jets in its new business plan. In a statement issued today, GM said that it will cease...
- Chevrolet Camaro "comeback" Officially Announced
Following speculations after it's thriving debut at the North American International Auto Show, GM Chairman and CEO Rick Wagoner gave the Chevrolet Camaro the green light today. "The overwhelmingly enthusiastic response to the Camaro Concept continues...
- Gm's Bob Lutz Retiring This Year - Tom Stephens Becomes New Vp Of Global Product Development At Gm
76-year old Bob Lutz will be retiring from General Motors at the end of the 2009 calendary year. Effective as of the beginning of April, Tom Stephens will take over Lutz's position as the Vice Chairman in charge of  Global Product Development....