In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House.
One of the challenges we have confronted from the beginning of this administration is what to do about the state of our struggling auto industry. [...]
The departure of Rick Wagoner is not the only big change coming to General Motors.
Wagoner’s jobs as CEO and chairman of the board will be split. Fritz Henderson, who has been GM’s president and chief operating officer (COO), will replace Wagoner as chief executive officer (CEO). Kent Kresa, former chairman of Northrop Grumman, will take [...]
On Friday I was in Washington for a meeting with Administration officials. In the course of that meeting, they requested that I “step aside” as CEO of GM, and so I have.
Fritz Henderson is an excellent choice to be the next CEO of GM. Having worked closely with Fritz for many years, I [...]
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