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CEO of General Motors steps down amid criticism on pace of change

General Motors Corp. Chief Executive Officer Frederick “Fritz” Henderson on Tuesday stepped down after the automaker’s board determined that the company was not changing quickly enough.

3Vote!

Henderson resigns as CEO of General Motors

General Motors Corp. CEO Frederick “Fritz” Henderson stepped down Tuesday after the board determined that the company wasn't changing quickly enough. Chairman Ed Whitacre Jr. said at a hastily called news conference that he will serve as interim CEO.

3Vote!

Henderson’s exit from GM tied to speed of change

Related posts: Ex-GM CEO gets retirement package worth over $10M DETROIT — Former General Motors Corp. Chairman and CEO Rick... US, Canadian governments name 5 new board members NEW YORK — The U.S. and Canadian governments have appointed... Stocks pare gains; Higher crude boosts energy View full sizeHenny Ray Abrams/The Associated PressNYSE Euronext market indicators...

3Vote!

Henderson’s exit from GM tied to speed of change

Related posts: Ex-GM CEO gets retirement package worth over $10M DETROIT — Former General Motors Corp. Chairman and CEO Rick... US, Canadian governments name 5 new board members NEW YORK — The U.S. and Canadian governments have appointed... Stocks pare gains; Higher crude boosts energy View full sizeHenny Ray Abrams/The Associated PressNYSE Euronext market indicators...

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Auto leases in upswing

Auto leasing, temporarily crippled by the credit and financial crisis, is making a comeback. Chrysler, Ford Motor Co. and General Motors Corp. all curtailed leasing operations last year when credit markets locked up and soaring gasoline prices left them facing losses on the used sport utility vehicles and other gas guzzlers their financing arms sell when leases expire. Business isn't...

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2011 Chevrolet Volt Display Draws Holiday Shoppers' Attention at LA Mall

The action wasn't all inside the stores at one Los Angeles area shopping mall this morning, as more than a few of the holiday shoppers took a break to check out a preproduction prototype Chevy Volt. General Motors put the car on display to promote its appearance next week at the Los Angeles International Auto Show and, we imagine, to collect consumer opinion and generate interest. The Volt,...

3Vote!

Fiat starts construction of car plant in China

... where soaring vehicle sales boosted the profits and sales of major global car makers, including General Motors Corp and Volkswagen AG.The maker of Alfa Romeo cars and Ferrari sports cars has three imported vehicles in the Chinese market now.By teaming up with Fiat, Guangzhou Automobile wants to accelerate the development of self-branded vehicles using Fiat's technology.

3Vote!

DFJ raising $400 Million for Startups in India

... travel site with tremendous market reach and Reva Electric Car Co. , which has a tie-up with General Motors Corp. to sell electric cars. Norwest Venture Partners, based in Palo Alto, California, raised a $1.2 billion venture-capital fund, the biggest to be completed this year, to expand in Israel and India. While DFJ is investing almost half the funds compared to previous year, on...