Posted on August 11th, 2010 • by Bill Cawthon
According to unnamed sources, General Motors intends to file the paperwork to begin the process to an initial public offering on Friday. The filing would come a day after GM may report as much as $1 billion in operating profit for the second quarter. If the rumors are correct, it would be GM’s best quarter [...]
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Posted on March 2nd, 2010 • by Bill Cawthon
Bryan Nesbitt, designer of the PT Cruiser who decamped for General Motors where he produced the HHR, is stepping down from his post as chief executive for the Cadillac brand. Nesbitt, who had held the post since last August, will return to GM’s design organization as executive director of the advanced concept group where he [...]
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Posted on January 25th, 2010 • by Bill Cawthon
CNBC and Automotive News are reporting that Ed Whitacre, Chairman of the Board at General Motors, will be named the company’s new permanent CEO. The announcement will be made this morning at 11:30 Eastern Time. Whitacre, the retired ATT CEO executive who has been running GM since the ouster of Fritz Henderson, replaced Kent Kresa [...]
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