General Motors Co.'s CEO Fritz Henderson abruptly resigned after just eight months on Tuesday as the company's board decided to chart another new course for the restructuring automaker.
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Fritz Henderson has resigned as General Motors CEO, the automaker said on Tuesday. Henderson will be replaced by board chairman Ed Whitacre.
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General Motors' board of directors ousted CEO Fritz Henderson after eight months, saying it wanted to chart a new course as the biggest U.S. automaker pushes ahead with its restructuring.
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In a statement issued late on Tuesday (1 December), General Motors' Board of Directors has said that it has received 'expressions of interest in Saab' and will evaluate potential bids between now and the end of December.
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In a statement issued late on Tuesday (1 December), General Motors' Board of Directors has said that it has received 'expressions of interest in Saab' and will evaluate potential bids between now and the end of December.
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Ford Motor Co. and Toyota Motor Corp. posted slight U.S. sales gains in November and Hyundai-Kia soared as the industry reported sales in line with its and#8220;new normal,and#8221; after a four-year decline and this summer's cash-for-clunkers incentive.
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GM has given Saab a reprieve until Dec. 31 while it considers new bids for the brand. GM did not disclose who the bidders were but a source said Dutch-based Spyker Cars and its Russian owner, Converse Bank, have submitted a bid to buy Saab.
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Production increases planned for the first quarter by General Motors Co. and Ford Motor Co. are giving hope to the depressed auto parts sector.
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US-based Tier 1 supplier Federal-Mogul's President and CEO has told just-auto that he sees acquisition opportunities ahead for his company in the next twelve months amid further supplier sector restructuring.
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General Motors Co. today said a former Ford Motor Co. executive will run the Buick and GMC brands. Michael D. Richards, 52, worked for Ford for 27 years before leaving in 2008.
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Barney Brogan, a retired advertising manager for the Toyota auto brand, passed away Nov. 22. Brogan, 85, joined Toyota's marketing department as ad manager in late 1970 from American Motors Corp., where he had the same title on the Rambler brand.
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Laying more groundwork to become publicly traded, the holding company for ADESA Inc. plans an initial public offering of 23 million shares of common stock. KAR Auction Services Inc.
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General Motors on Wednesday is expected to announce that the rollout of the Chevrolet Volt plug-in hybrid will take place in selected U.S. markets--not as a national launch.
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New Ford Focus exclusive, Alfa Milano unveiled, Porsche Sport Classic driven, spyshot special, new-look road test supermini shootout
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It’s a forced fourth for Ford! The blue oval has increased its UK list prices again from the start of this month, having already made adjustments in February, April and July.The move is in response to the weakness of the pound against the Euro.
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Renault reveals city car that heads reborn range.
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Bigger ForTwo to share platform with Twizy.
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Load carrier caught testing, even though firm’s future in unclear.
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Alfa's 8C inspired replacement for 147 has been unveiled - and it will be called Giulietta.
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