Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com
 
ADM PERFORMANCE
Go Back   Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums - Camaro5.com > Members Area > General Automotive + Other Cars Discussion


Reply
 
Thread Tools
Old 12-01-2009, 03:26 PM   #1
bobscogin
 
Drives: Future 2012 owner, 1965 Impala
Join Date: Aug 2008
Location: Slidell, LA
Posts: 115
GM CEO Henderson resigns after 8 turbulent months

Just saw an AP release that Fritz Henderson resigned. ??

Bob

Name:  capt_photo_1259702818541-1-0.jpg
Views: 869
Size:  13.7 KB

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
bobscogin is offline   Reply With Quote
Old 12-01-2009, 03:27 PM   #2
FenwickHockey65
General Motors Aficionado
 
FenwickHockey65's Avatar
 
Drives: 2003 GMC Envoy/2007 Ford F-150
Join Date: Aug 2008
Location: Florida
Posts: 33,851
Send a message via AIM to FenwickHockey65
Not that I know of.
__________________
FenwickHockey65's GM Thread!

2003 GMC Envoy SLE - Airaid Cold Air Intake, Gibson Performance Catback Exhaust
2007 Ford F-150 XL SuperCab (State-issued)
FenwickHockey65 is offline   Reply With Quote
Old 12-01-2009, 03:30 PM   #3
FenwickHockey65
General Motors Aficionado
 
FenwickHockey65's Avatar
 
Drives: 2003 GMC Envoy/2007 Ford F-150
Join Date: Aug 2008
Location: Florida
Posts: 33,851
Send a message via AIM to FenwickHockey65
Scratch that, press conference on media.gm.com right now.
__________________
FenwickHockey65's GM Thread!

2003 GMC Envoy SLE - Airaid Cold Air Intake, Gibson Performance Catback Exhaust
2007 Ford F-150 XL SuperCab (State-issued)
FenwickHockey65 is offline   Reply With Quote
Old 12-01-2009, 03:30 PM   #4
nashstat
 
Drives: 2SS Camaro
Join Date: Oct 2009
Location: CA
Posts: 440
yup... It is real... press conf in 10 minutes.

http://www.businessinsider.com/gm-ce...g-down-2009-12
nashstat is offline   Reply With Quote
Old 12-01-2009, 03:30 PM   #5
camaro crazy 219
 
Drives: 02 Z/28 05 TACOMA
Join Date: Jul 2009
Location: charleston sc
Posts: 89
Quote:
Originally Posted by bobscogin View Post
Just saw an AP release that Fritz Henderson resigned. ??

Bob


It's true,,, I saw it too.
__________________
ABM 2SS/RS A6

Order# NMHG7B
Vin: 2G1FK1EJ7A9170206
Status: In-Transit
Shipped by Railroad rail number ETTX711200
Notes: None
Last Update(s)
November 25, 2009 - Current
November 24, 2009 - Available to Ship
November 20, 2009 - (3800) Order produced
camaro crazy 219 is offline   Reply With Quote
Old 12-01-2009, 03:31 PM   #6
FenwickHockey65
General Motors Aficionado
 
FenwickHockey65's Avatar
 
Drives: 2003 GMC Envoy/2007 Ford F-150
Join Date: Aug 2008
Location: Florida
Posts: 33,851
Send a message via AIM to FenwickHockey65
Ughh...elevator music.
__________________
FenwickHockey65's GM Thread!

2003 GMC Envoy SLE - Airaid Cold Air Intake, Gibson Performance Catback Exhaust
2007 Ford F-150 XL SuperCab (State-issued)
FenwickHockey65 is offline   Reply With Quote
Old 12-01-2009, 03:32 PM   #7
bobscogin
 
Drives: Future 2012 owner, 1965 Impala
Join Date: Aug 2008
Location: Slidell, LA
Posts: 115
Quote:
Originally Posted by FenwickHockey65 View Post
Not that I know of.
If it's true, I guess that leaves Chairman Ed Whitacre in charge, who said:

I dont 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. Im not that old, and I think the business principles are the same.

That's really encouraging.

Bob
bobscogin is offline   Reply With Quote
Old 12-01-2009, 03:34 PM   #8
nashstat
 
Drives: 2SS Camaro
Join Date: Oct 2009
Location: CA
Posts: 440
Wow... I wonder what is really going on inside GM.
nashstat is offline   Reply With Quote
Old 12-01-2009, 03:35 PM   #9
ChriSS84
Account Suspended
 
Drives: 2SS
Join Date: Oct 2009
Location: Cincinnati,Ohio
Posts: 853
WTF
ChriSS84 is offline   Reply With Quote
Old 12-01-2009, 03:36 PM   #10
FenwickHockey65
General Motors Aficionado
 
FenwickHockey65's Avatar
 
Drives: 2003 GMC Envoy/2007 Ford F-150
Join Date: Aug 2008
Location: Florida
Posts: 33,851
Send a message via AIM to FenwickHockey65
Quote:
Originally Posted by bobscogin View Post
If it's true, I guess that leaves Chairman Ed Whitacre in charge, who said:

I dont 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. Im not that old, and I think the business principles are the same.

That's really encouraging.

Bob
Oh trust me, Whitacre is exactly who GM needs right now...the improvements I've seen come out of him in the past few months and his business philosophy are outstanding. Just look at all the new advertising GM's running now. Lutz told Whitacre it would cost a ton of money for these new ads, and Whitacre told him to spend it.

It's about time we have someone who isn't a beancounter at the helm.
__________________
FenwickHockey65's GM Thread!

2003 GMC Envoy SLE - Airaid Cold Air Intake, Gibson Performance Catback Exhaust
2007 Ford F-150 XL SuperCab (State-issued)
FenwickHockey65 is offline   Reply With Quote
Old 12-01-2009, 03:36 PM   #11
MikesZ
Group Provocateur
 
Drives: Long Distances
Join Date: Jun 2009
Location: Arizona
Posts: 1,022
Fritz is Out????

I just heard on Fox news that Fritz Henderson is resigning???
__________________
MikesZ is offline   Reply With Quote
Old 12-01-2009, 03:37 PM   #12
FenwickHockey65
General Motors Aficionado
 
FenwickHockey65's Avatar
 
Drives: 2003 GMC Envoy/2007 Ford F-150
Join Date: Aug 2008
Location: Florida
Posts: 33,851
Send a message via AIM to FenwickHockey65
Press conference on media.gm.com beginning shortly.
__________________
FenwickHockey65's GM Thread!

2003 GMC Envoy SLE - Airaid Cold Air Intake, Gibson Performance Catback Exhaust
2007 Ford F-150 XL SuperCab (State-issued)
FenwickHockey65 is offline   Reply With Quote
Old 12-01-2009, 03:40 PM   #13
talwell

 
talwell's Avatar
 
Drives: 1969 LS1 Camaro
Join Date: Aug 2009
Location: Staten Island
Posts: 1,061
General Motors CEO to Resign

http://www.msnbc.msn.com/id/34227871/ns/business-autos/
talwell is offline   Reply With Quote
Old 12-01-2009, 03:41 PM   #14
GMfan454
 
GMfan454's Avatar
 
Drives: 2012 IOM 2SS/RS 6spd manual
Join Date: Aug 2009
Location: Texas
Posts: 373
Thank God. This is awesome news.
__________________
2012 2SS/RS M6 IOM
2000 T/A M6 - Sold
1996 Z28 M6 Vert - Sold
1995 Z28 A4 - Sold
1979 Girllinetta auto - Sold
GMfan454 is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
GM CEO Henderson: "Bob Lutz Says A Lot Of Things, But He Works For Me" fastball General Automotive + Other Cars Discussion 27 07-16-2009 08:22 PM
Henderson answerer R6P question? GRM RPR Camaro Price | Ordering | Tracking | Dealers Discussions 29 05-11-2009 01:31 PM
Fritz Henderson, GM's new CEO, all but guarantees success in his first press conferen Sanouk General Automotive + Other Cars Discussion 19 04-01-2009 09:13 PM
Obama asks GM CEO to step down in order to get further aid. He acquiesces FenwickHockey65 General Automotive + Other Cars Discussion 110 03-30-2009 11:30 AM
GM's new plan to survive teamlynn1 General Automotive + Other Cars Discussion 53 12-04-2008 10:42 AM


All times are GMT -5. The time now is 01:50 AM.


Powered by vBulletin® Version 3.8.9 Beta 4
Copyright ©2000 - 2016, vBulletin Solutions, Inc.