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12-01-2009, 03:26 PM
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#1 |
 Drives: 2016 Challenger R/T, 1965 Impala SS Join Date: Aug 2008
Location: Slidell, LA
Posts: 116
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GM CEO Henderson resigns after 8 turbulent months
Just saw an AP release that Fritz Henderson resigned. ??
Bob DETROIT – General Motors' CEO Frederick "Fritz" Henderson has resigned after eight turbulent months as head of the largest U.S. automaker. The company said Tuesday that Chairman Ed Whitacre Jr. will serve as interim CEO. The company plans an international search for a new president and chief executive. At a press conference here, Whitacre read a brief statement thanking Henderson for his work during a period of challenge and change. Henderson, 51, succeeded Rick Wagoner on March 29 after the Obama administration ousted GM's former CEO as the company worked through a government-led reorganization. Henderson spent the next few months working with the government to reorganize the automaker outside of bankruptcy, but eventually took the company into Chapter 11 protection in June. With the government's help, the company emerged from court protection in just 40 days cleansed of massive debt and burdensome contracts that would have sunk it without federal loans. Henderson continued to downsize the automaker after its emergence from bankruptcy. He sought to scale down GM to just four core brands: Chevrolet, Cadillac, Buick and GMC. While he has largely succeeded in that goal, attempts to sell the company's other brands have hit obstacles. The company is winding down Pontiac and was successful in winning a tentative sale of Hummer to a Chinese construction machinery maker. However, Henderson's bid to sell Saturn to racecar mogul Roger Penske fell through and the brand is now liquidating. Last week, Swedish sports car maker Koenigsegg Automotive AB dropped out of a deal to buy Saab. Last edited by KILLER74Z28; 12-01-2009 at 04:38 PM. Reason: Merged |
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12-01-2009, 03:27 PM
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#2 |
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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Not that I know of.
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 2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
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12-01-2009, 03:30 PM
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#3 |
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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Scratch that, press conference on media.gm.com right now.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
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12-01-2009, 03:30 PM
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#4 |
 Drives: 2SS Camaro Join Date: Oct 2009
Location: CA
Posts: 439
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yup... It is real... press conf in 10 minutes.
http://www.businessinsider.com/gm-ce...g-down-2009-12 |
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12-01-2009, 03:30 PM
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#5 | |
 Drives: 02 Z/28 05 TACOMA Join Date: Jul 2009
Location: charleston sc
Posts: 89
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Quote:
It's true,,, I saw it too. |
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12-01-2009, 03:31 PM
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#6 |
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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Ughh...elevator music.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
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12-01-2009, 03:32 PM
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#7 | |
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Drives: 2016 Challenger R/T, 1965 Impala SS Join Date: Aug 2008
Location: Slidell, LA
Posts: 116
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Quote:
“I don’t know anything about cars,” Whitacre, 67, said yesterday in an interview after his appointment. “A business is a business, and I think I can learn about cars. I’m not that old, and I think the business principles are the same.” That's really encouraging. Bob |
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12-01-2009, 03:34 PM
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#8 |
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Drives: 2SS Camaro Join Date: Oct 2009
Location: CA
Posts: 439
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Wow... I wonder what is really going on inside GM.
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12-01-2009, 03:35 PM
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#9 |
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Account Suspended
Drives: 2SS Join Date: Oct 2009
Location: Cincinnati,Ohio
Posts: 850
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WTF
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12-01-2009, 03:36 PM
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#10 | |
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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Quote:
It's about time we have someone who isn't a beancounter at the helm.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
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12-01-2009, 03:36 PM
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#11 |
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Group Provocateur
Drives: Long Distances Join Date: Jun 2009
Location: Arizona
Posts: 1,022
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Fritz is Out????
I just heard on Fox news that Fritz Henderson is resigning???
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12-01-2009, 03:37 PM
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#12 |
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2020 Colorado Join Date: Aug 2008
Location: Florida
Posts: 37,371
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Press conference on media.gm.com beginning shortly.
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2023 GMC Canyon Elevation 2020 Chevrolet Colorado W/T Extended Cab (State-issued) |
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12-01-2009, 03:40 PM
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#13 |
   
Drives: 1969 LS1 Camaro Join Date: Aug 2009
Location: Staten Island
Posts: 1,061
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General Motors CEO to Resign
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12-01-2009, 03:41 PM
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#14 |
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Drives: 2012 IOM 2SS/RS 6spd manual Join Date: Aug 2009
Location: Texas
Posts: 401
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Thank God. This is awesome news.
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