46 Articles
Report: Former GM CEO Fritz Henderson to lead Sunoco spinoff

If you've been wondering what former General Motors CEO Fritz Henderson has been up to since getting the boot, The Detroit News has the skinny for you. Henderson is now headed to Sunoco to fill in as the company's senior vice president, at least for now. The company is currently planning to spin off its SunCoke Energy arm during th

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

Buick-GMC general manager Michael Richards leaves after just nine days on the job

Nine days ago, we posted about Michael Richards getting Susan Docherty's old post at General Motors, brand manager for Buick-GMC. Today, he walked away. According to The Detroit News, the official (yet still unofficial) re

Mad Money host Jim Cramer calls Whitacre 'assassin of the bad'

We've spilled some ink about CNBC Mad Money host Jim Cramer before, the financial expert who – as The Daily Show pointed out – missed the whole Great Depression 2.0 thing. Of course, it's not fair to single out Mr. Cramer, as 99 out of 100 economists thought credit default swaps based upon ill-conceived home loans to people with lousy credit was a sur

REPORT: Spencer Stuart tasked with finding new GM CEO

Headhunting firm Spencer Stuart is without doubt on the speed-dial lists of bailed-out firms, having placed chairmen, CEOs, Chrysler Group LLC, and board members for AIG, Citigroup Inc., Freddie Mac, Fannie Mae, and GMAC. Then they flew over General Motors so that Ed Whitacre, Jr. could heli-drop in. Now, The Wall Street

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.

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

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 President and CEO Fritz Henderson continues, "With a healthier balance sheet and a competitive cost structure, our focus is on driving top line performance. We'll achieve that by winning customers over, one at a time, with vehicles that deliver p

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

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