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Read an excerpt from Whitacre's book about how he fired Henderson and why Akerson got the job

It is probably best just to play this down the middle and let you read the excerpt from American Turnaround: Reinventing AT&T and GM and the Way We Do Business in the USA by Ed Whitacre. The author, you'll remember, was the former AT&T CEO who came out of retirement to

Report: GM CEO could earn $9M per year, ex-CEO Henderson hired as $60k/month consultant

Two different outlets are reporting two seemingly conflicting reports about pay at General Motors, but it's clear regardless of the details that money is in motion at The General. Ed Whitacre, Jr., who doesn't receive any pay as GM's chairman, is waiting on approval from the Treasury pay czar for a $9 million "pay package" for his

REPORT: GM selling control of Chinese joint venture to SAIC, half of India operations

It has been a busy week at General Motors. The week started off with CEO Fritz Henderson's abrupt resignation, then executives converged on the LA Auto Show where Bob Lutz was the keynote speaker and then theChris Shunk

BREAKING: GM CEO Fritz Henderson steps down

Well, that was quick. Fritz Henderson, the recently appointed CEO of General Motors, is stepping down. Company chairman of the board Ed Whitacre (remember the "Satisfaction Guaranteed" commercials, that's the guy) is set to act as the interim CEO until a permanent replacement is found.

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

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 German head of state to request "GM to present a reliable plan for Opel quickly," and Germany's economic minister to prod GM to pay back the rest of the €1.5 billion ($2.25B U.S.) bridge

Editorial: Henderson's fuel cell 10X cost comments are out of context

The other day we reported on an interview with General Motors CEO Fritz Henderson published in the Washington Post. While most of the discussion focused on the bailout and bankruptcy, from the perspective of this site, the main items of interest were Henderson's responses to questions

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

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 Post about that investment and the "new" company created with it. His answers are sound, but qualified and a bit vague – that's to be expected, since the economic storm isn't anywhere close to being over.

GM CEO: electric cars require teamwork; hydrogen cars 10x more expensive than Volt

New GM CEO Fritz Henderson has some good words for his competitors. Surprised? It's all in an effort to make sure that plug-in vehicles get the help they need to become cost competitive. Henderson spoke with the Washington Post and said that costs are the big problem holding back electric cars. To bring costs down, he said:

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

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 let the cat out of the bag, reporting that LaNeve is leaving the auto business for a marketing gig at Allstate. LaNeve will sign on as the overseer of all marketing initiatives in

Cadillac kicks current ad agency to the curb, seeking new suitors

Click above to view Modernista's Cadillac commercials after the jump

REPORT: GM's CFO Ray Young likely to resign

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 weeks ahead, and he may be only one of a few departures among senior GM brass.

GM announces that 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.

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.

Live Webcast: General Motors product and technology update at 8AM Eastern

Follow the jump to watch Fritz Henderson's GM product and tech update at 8AM Eastern

Fritz Henderson to Autoblog: Chevy Caprice is being looked at as "police application"

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, Bob Lutz re-lit the fire last week in one of his first pronouncements after un-retiring. Lutz proclaimed that the G8 would indeed become a new Chevrolet Caprice.

Day one for The New GM: the more things change... Lutz stays, company needs vehicles that matter

After only 40 days in bankruptcy, General Motors emerged today as the new GM (sans green logo, for now). While the bankruptcy was about as short and sweet as they come, the future is what everyone is most interested in, and it's kind of looking a lot like the present/past.

Henderson: GM to experiment selling cars through eBay Motors

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 cars online." According to Henderson, GM has plans to try selling its vehicles online:

GM CEO: the Chevy Cruze "will surprise most customers"

Chevy Cruze - Click above for high-res image gallery

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