GM CEO Out.

gonzo · 12-01-2009, 04:21 PM

After less than one year as GM CEO, Fritz Henderson is stepping down.

Being he was scheduled to speak at the LA Auto show tomorrow would lend me to think "pushed out" versus stepping down.

New blood needed?

ragingclue · 12-01-2009, 04:31 PM

BO gonna do it his self yo.

stickypaws · 12-01-2009, 07:09 PM

Quote:

Originally Posted by gonzo

After less than one year as GM CEO, Fritz Henderson is stepping down.

Being he was scheduled to speak at the LA Auto show tomorrow would lend me to think "pushed out" versus stepping down.

New blood needed?

Pushed out is it.

http://www.thetruthaboutcars.com/wha...stuff-edition/

quagmire · 12-01-2009, 07:18 PM

Quote:

Originally Posted by stickypaws

Pushed out is it.

http://www.thetruthaboutcars.com/wha...stuff-edition/

Excluding the daughters bias, not too surprising.

A) I have always felt Fritz was a temporary CEO.

B) Fritz and Ed have recently had a PR fight with Fritz saying one thing and Ed saying another. Expected something to happen with that.

ptack · 12-01-2009, 08:29 PM

Dropping the balls over Saab and Saturn did him in. The marching orders were to get lean and focused. Losing Pontiac doesn't cut it.

quagmire · 12-01-2009, 08:34 PM

Quote:

Originally Posted by ptack

Dropping the balls over Saab and Saturn did him in. The marching orders were to get lean and focused. Losing Pontiac doesn't cut it.

????

Renault killed the Penske-Saturn deal.

And we don't know yet why Koenigsegg backed out of the deal. And on a personal note, Fritz is a fan of Saab. His wife owns a 9-3 Aero.

Saturn and Pontiac are dead. Saab might be sold still or will go into liquidation.

Plus, it isn't Fritz's fault for the failing of the sales deals in any way because GM doesn't own them anymore. Motors Liquidation does.

Schn3ll · 12-01-2009, 08:54 PM

His daughter sounds like a real peach....

http://jalopnik.com/5416549/daughter...eo-on-facebook

Who is going to be the first here to facebook her?

bavarian19 · 12-01-2009, 09:19 PM

GM has several issues. Producing cars that bring to mind the words numb and gray are not a way to induce a profit.

ptack · 12-02-2009, 09:40 AM

Quote:

Originally Posted by quagmire

????

Renault killed the Penske-Saturn deal.

And we don't know yet why Koenigsegg backed out of the deal. And on a personal note, Fritz is a fan of Saab. His wife owns a 9-3 Aero.

Saturn and Pontiac are dead. Saab might be sold still or will go into liquidation.

Plus, it isn't Fritz's fault for the failing of the sales deals in any way because GM doesn't own them anymore. Motors Liquidation does.

Word is out on both deals that GM management coudln't/wouldn't move fast or flexibly enough to suit either buyer. That should surprise no one who understands how inherently glacial GM is at deciding anything. The board's action essentially states that Henderson was expected to change that and he wasn't succeeding.

quagmire · 12-02-2009, 01:03 PM

Quote:

Originally Posted by ptack

Word is out on both deals that GM management coudln't/wouldn't move fast or flexibly enough to suit either buyer. That should surprise no one who understands how inherently glacial GM is at deciding anything. The board's action essentially states that Henderson was expected to change that and he wasn't succeeding.

Again, Renault caused the deal with Penske-Saturn to fail.

http://online.wsj.com/article/BT-CO-...30-716822.html

We do not know why Koenigsegg backed out yet.

The only thing you can pin on Fritz is the Opel sale. He wanted to sell Opel. He didn't change his opinion until the GM Board practically forced him to. Not only with that, Fritz has had a few PR wars with Ed and Lutz. There was no way Fritz was going to last as CEO with that going on.

12-01-2009, 04:21 PM	#1
gonzo Lieutenant General 10320 Rep 14,445 Posts Drives: as many as possible Join Date: Jan 2007 Location: TeXXXas iTrader: (0)	GM CEO Out. After less than one year as GM CEO, Fritz Henderson is stepping down. Being he was scheduled to speak at the LA Auto show tomorrow would lend me to think "pushed out" versus stepping down. New blood needed? __________________ Crazy Diamond
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12-01-2009, 04:31 PM	#2
ragingclue One cam is enough 136 Rep 6,801 Posts Drives: VF Join Date: Oct 2008 Location: mulletville iTrader: (1)	BO gonna do it his self yo.
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12-01-2009, 08:29 PM	#5
ptack Brigadier General 306 Rep 4,482 Posts Drives: 135i Join Date: May 2008 Location: NJ iTrader: (0) Garage List 2008 135i [6.50]	Dropping the balls over Saab and Saturn did him in. The marching orders were to get lean and focused. Losing Pontiac doesn't cut it. __________________ 135i, SGM, Coral, Sport Package, Auto, Premium Hifi, USB/ipod, Apex EC-7s, PPK Stage II
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12-01-2009, 08:54 PM	#7
Schn3ll Captain 647 Rep 794 Posts Drives: '24 Carrera T Join Date: Aug 2008 Location: Greenville, SC iTrader: (3) Garage List 2009 135 [0.00]	His daughter sounds like a real peach.... http://jalopnik.com/5416549/daughter...eo-on-facebook Who is going to be the first here to facebook her?
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12-01-2009, 09:19 PM	#8
bavarian19 General 547 Rep 18,849 Posts Drives: Car Join Date: Mar 2005 Location: VA iTrader: (23)	GM has several issues. Producing cars that bring to mind the words numb and gray are not a way to induce a profit.
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