The president of GM slams the door ...
After only eight months at the head of the new company General Motors, Fritz Henderson announces his departure, which in the circumstances could be regarded as precipitate, since it was today unveil new vehicles, as part of the show Automotive Los Angeles.
Mr. Henderson was appointed manager by the Obama administration, when it was a pure GM bankruptcy saved and hard by injecting billions of dollars of public money.
During this short period, Mr. Henderson and his team were sitting to restructure the new company, among others by giving their rails assembly plants and by performing new advertising approaches, which should allow a GM to see his monthly sales rebound, but gradually.
His replacement will be Acting Edward Whitacre who was president of the steering committee. For its Bob Lutz, Tsar automotive, retains his position as vice-president.
But beyond this restructuring, there was always delicate files homes pending such sale marks Hummer, Saturn and Saab, which admittedly is balance by expensive failures.
Recall some facts:
Hummer was ultimately sold to a Chinese, but production remains at GM.
The failure of the sale of the Saturn network requires GM to end this brand.
Procrastination around the sale of Opel, have harmed the image of a brand.
Saab case should not know one end so atrocious.
Full of disagreements
These failures on the sale of these brands would not be foreign to disagreements that remain between Mr. Henderson and other members of management of the new General-Motors.
As examples, we are told in multiple corridors GM, Mr. Henderson advocated total Opel sale, while most members of the board, wanted to retain the total sale of Opel, while most Board members wanted to retain the Opel and Vauxhall brands.
The same for the abortive sale of Saab. Thus, Mr. Henderson felt it should end this mark, while his vis-a-vis still hope to find a buyer or sale in the piece remains of this Swedish brand ...
His replacement would be named in a few days.
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