Fritz Henderson


BREAKING: Koenigsegg backs out of Saab purchase, brand future up in the air

After riding in on a white horse, Koenigsegg Group AB has pulled out of negotiations to buy Saab from General Motors, leaving the Swedish automaker's future very much in doubt. In a brief statement issued by GM (available after the jump), president and CEO Fritz Henderson says that the company is "very disappointed with the decision to pull out of the Saab purchase." It is unclear what will happen to the brand now, but if Saab fans can hold on to any hope, GM says it will "take the next several days to assess the situation and will ... Read more →

GM loses $1.2B last quarter, ready to start repaying loans Jonny Lieberman

This is one of the trickier press releases we've ever had to parse, but here goes. Despite losing $1.15 billion in the third quarter of 2009, General Motors sees this as a "solid foundation." GM ...

REPORT: Germany wants GM's plan for Opel - and a billion dollars - "quickly" Jonathon Ramsey

General Motors' bouleversement on the sale of its Opel brand has caused the European head of Opel vacate his office, the head of Opel labor to gulp "a bottle of wine" to get over the shock, the ...

REPORT: Fritz says GM doesn't need any further aid from Washington Jonathon Ramsey

Fritz Henderson went to Washington to have a word the folks who wrote the $50 billion check to keep General Motors alive. While there, he answered a few questions put forth from The Washington ...

REPORT: One week after announcing GM departure, Mark LaNeve surfaces at Allstate Chris Shunk

When word got out that Mark LaNeve (right) was leaving General Motors effective October 15, we weren't at all sure where the soon-to-be-former exec was heading. The Wall Street Journal has finally ...

Cadillac kicks current ad agency to the curb, seeking new suitors 1 month ago on Autoblog

It was three years ago that Cadillac switched to ad agency Modernista!, and one year leater it rolled out its "Life. Liberty. And the Pursuit." campaign. In a four-sentence statement put out by Cadillac General Manager Bryan Nesbitt, the brand is looking for a new agency and Modernista! "has ...

REPORT: GM's CFO Ray Young likely to resign 2 months ago on Autoblog

The last two chief financial officers at General Motors, Rick Wagoner and Fritz Henderson, eventually became CEO. Ray Young, who has been CFO at the General for less than a year and a half, likely won't make it to the top. The Detroit News reports that Young is going to resign his post as CFO in the ...

GM announces... 2011 Chevrolet Volt will get 230 mpg city! 3 months ago on Autoblog

var digg_url = 'http://digg.com/autos/GM_Announces_2011_Chevrolet_Volt_Will_Get_230_MPG_City'; In case you missed it this morning, General Motors CEO Fritz Henderson made some big news just one month after the "new" GM emerged from bankruptcy protection. First of all, Henderson announced that ...

Live Webcast: General Motors product and technology update at 8AM Eastern 3 months ago on Autoblog

General Motors CEO Fritz Henderson will make a presentation this morning at 8:00 AM EDT from the GM Tech Center in Warren MI. One month after exiting bankruptcy, Henderson will update the media on GM's progress so far, as well as make some product announcements, which were previewed yesteday ...

GM Re:invention launches Tell Fritz campaign [w/VIDEO] 4 months ago on Autoblog

General Motors continues to enlarge its direct dialogue with the public with a new feature called "Tell Fritz." This is where you, Jon and Jane Q. Public, can send a question to The General's CEO and might possibly get it answered. We applaud GM's commitment to dialogue, which isn't new. ...

Fritz Henderson to Autoblog: Chevy Caprice is being looked at as "police application" 4 months ago on Autoblog

Ever since General Motors announced this spring that it was killing the Pontiac brand as part of its restructuring, fans of the Holden-developed G8 sedan have been clamoring to save it as a Chevrolet. After company officials repeatedly said over the past two months that no such thing would happen, ...

Henderson: GM to experiment selling cars through eBay Motors 4 months ago on Autoblog

As part of its post-bankruptcy rebirth, General Motors plans to "experiment" selling its cars on eBay. At its press conference this morning, CEO Fritz Henderson let slip to members of the media that the automaker is engaged in talks with online auction site eBay "to revolutionize how people buy ...

BREAKING: New GM drives out of bankruptcy this morning [*UPDATED] 4 months ago on Autoblog

After a scant six weeks in bankruptcy court, General Motors is on its way out of Chapter 11. U.S. Bankruptcy Court Judge Robert Gerber approved the sale of GM's good assets to a new company lead by the U.S. and Canadian governments and the UAW healthcare fund, but gave vested parties four days to ...

One Last Time: Henderson slams door on Pontiac G8 revival 5 months ago on Autoblog

General Motors CEO Fritz Henderson held a web chat with journalists earlier today over at the automaker's Fastlane Blog. (Full transcript available here.) Now, despite persistent rumors to the contrary, it's been reported a few times over that GM has no intention of resurrecting the Aussie-built ...

REPORT: GM cutting executive pensions, ex-CEO Wagoner to get pinched the most 5 months ago on Autoblog

With General Motors in bankruptcy, it was only a matter of time before pensions came under scrutiny. The Detroit News is reporting that GM CEO Fritz Henderson has confirmed that executive pensions beyond $100,000 per year will be cut by two-thirds. Recently defenestrated boss Rick Wagoner will ...

GM CEO ranks #2 on Letterman's list of Top Ten Worst Summer Jobs 5 months ago on Autoblog

There's no question that there have been better summers to be the chief executive officer of General Motors. Bankruptcy hearings, plant closings, job cuts and a near certain pay cut will no doubt put a damper on Fritz Henderson's backyard barbecues. The CEO job is so undesirable that it cracked ...

Ed Welburn defends GM design from HuffPo attack 5 months ago on Autoblog

So what do you do if you happen to be Global Vice President of General Motors Design and a blogger calls your company out for lacking a modern sense of design? Well, if your name happens to be Ed Welburn, you respond with an open letter of your own. After Huffington Post writer Gerald Sindell ...

REPORT: Detroit execs grilled on dealer cuts by Congress, Henderson agrees to cough up closure list 5 months ago on Autoblog

When it comes to dealership closings, there is a big divide between what General Motors, Chrysler and President Obama's auto task force want and what dealers and Congress want. The bankrupt Detroit automakers say that closing dealerships will save money, streamline vehicle delivery, improve brand ...

REPORT: GM to declare bankruptcy before markets open, chief restructuring officer named 6 months ago on Autoblog

General Motors' bankruptcy endgame appears to be at hand, with word coming out that the automaker will indeed file for Chapter 11 protection early on Monday morning, which in turn is expected to trigger $30.1 billion in U.S. government loans. That funding will arrive on the heels of the $19.4 ...

Warren, MI mayor offers GM deal to move headquarters, Detroit officials counter 6 months ago on Autoblog

Earlier this month, General Motors CEO Fritz Henderson said in reference to the possibility that the automaker may move its headquarters from Detroit: "We're looking at, frankly, everything within our business, but it's not like we have that queued up at the top of our list. We don't have any such ...

Will GM consider moving its headquarters out of Detroit? [w/POLL] 6 months ago on Autoblog

Yesterday's media question-and-answer session with General Motors' CEO Fritz Henderson didn't reveal much in the way of actual news, but at least one question raised a few eyebrows: "Is GM considering moving its corporate headquarters?" While that's an unlikely scenario, Henderson stopped short of ...

Experts call GM bankruptcy 'almost inevitable' [w/POLL] 6 months ago on Autoblog

To stave off bankruptcy, General Motors must rework its union contracts, drastically cut its capacity, workforce and dealer networks – and convince creditors to take 10 cents on the dollar on $27 billion in unsecured debt. In two months. That's a herculean task for any company, much less for ...

Fritz: Chevy will be competitive, top-quality brand in two years 6 months ago on Autoblog

General Motors is in the middle of a massive restructuring, and if it manages to escape catastrophe without going belly-up, good news could be in store for the Chevy brand. GM CEO Fritz Henderson told AutoWeek that the bowtie will emerge as the big winner in two years, with great quality and ...

GM future hinges on success of new debt-for-equity swap offers 7 months ago on Autoblog

In addition to announcing the shuttering of Pontiac, General Motors has put forth a new offer to its bondholders to exchange $27 billion in claims for equity in the struggling automaker. As part of the plan, GM is offering its bondholders a 10% equity stake in the company, but worryingly, if 90 ...

Henderson says GM bankruptcy decision still in doubt; Hummer decision expected before month's end 7 months ago on Autoblog

We were on General Motors CEO Fritz Henderson's teleconference with reporters this morning, and while the proceedings were light on revelatory news (okay, there really wasn't any), some important things were clarified: Namely, Henderson denied that the company has reached a decision on whether to ...

New GM CEO Fritz Henderson gives live press conference at 10AM EST 8 months ago on Autoblog

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GM warns it could be out of cash by March 31 if second $5.4M loan is delayed 10 months ago on Autoblog

General Motors is ringing the alarm bell over a delay in the second installment of its bridge loan. Chrysler faced the same thing when it was waiting on its first installment, but eventually got its money in time. GM puts the delay down to having to fill out a great deal of paperwork and having to ...

GM COO says no small car for U.S. 1 year ago on Autoblog

While at the Paris Motor Show, General Motors COO Fritz Henderson told Automotive News that GM has no plans for a minicar in the U.S. While Henderson acknowledges the popularity of the Smart mini/city car, he describes it as a phenomenon and doesn't see a strong case for a similar sized minicar for ...

GM: HUMMER sale "urgent", done by early '09 1 year ago on Autoblog

HUMMER, a brand that has seen its sales drop by a shocking 40% so far this year, is apparently burning an SUV-sized hole in General Motors' pocket. Main money-man at the biggest American automaker, Fritz Henderson, says that GM wold like to rid itself of the brand as quickly as possible, saying ...

GM discusses brand strategy, opens bag, releases cats 1 year ago on Autoblog

GM President Frtiz Henderson came squeaky clean about the state of GM's brand portfolio, hurdles and losses. On the issue of too many brands, he admitted that the reason GM still has so many is that it is simply too expensive to kill any one of them. GM spent almost a billion large putting ...

GM assembles group to explore relationship with Chrysler 2 years ago on Autoblog

According to the Financial Times, General Motors has actually created a group to explore a potential purchase, alliance or other relationship with the Chrysler Group. Rumors have continued to persist that General Motors is interested in outright purchasing the Chrysler Group from DaimlerChrysler, ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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