GM's US sales chief leaves as company tries to boost market shareOctober 7th, 2009 GM US sales chief leaves as restructuring goes onDETROIT — General Motors Co.'s North American sales chief is leaving the automaker as it continues its furious effort to get leaner and boost its slipping market share, GM CEO Fritz Henderson said Wednesday. Henderson announced the departure of Mark LaNeve, the automaker's vice president of North American sales, in a conference call to update media and investors on the company's progress in the 90 days since it emerged from bankruptcy proceedings.
GM CEO Henderson says GM's global market share has risen slightly from first halfOctober 7th, 2009 GM CEO says its global auto market has risenDETROIT — General Motors Co. CEO Fritz Henderson says the automaker's global market share has risen slightly in the third quarter versus the first half of this year.
General Motors drops Montana mine in favor of foreign suppliers for precious metalsJuly 22nd, 2009 GM drops Mont. mine in favor of foreign metalsBILLINGS, Mont.
GM will make money, repay government loans faster : ChiefJuly 10th, 2009 DETROIT — The new General Motors will be far faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said Friday as the company emerged from bankruptcy protection. Henderson said the automaker completed its 40-day stay under court supervision far faster than anyone thought it could, saying it would repay about $50 billion in government loans ahead of a 2015 deadline.
GM has emerged from bankruptcy after signing paperwork to transfer assetsJuly 10th, 2009 GM emerges from bankruptcyDETROIT — General Motors Corp. CEO Fritz Henderson says the new GM will be far faster and more responsive to customers than the old one.
New GM emerges from bankruptcy protection; CEO says company will make money, repay loansJuly 10th, 2009 New GM emerges from bankruptcy protectionDETROIT — The new General Motors will be faster and more responsive to customers than the old one, and it will make money and repay government loans faster than required, CEO Fritz Henderson said Friday as a leaner version of the automaker emerged from bankruptcy protection. The bulk of General Motors Corp.'s assets were transferred to a company controlled by the U.S.
GM's Henderson says he expects to remain CEO of company post-bankruptcyJune 11th, 2009 Henderson says he expects to remain CEO of GMWASHINGTON — General Motors' chief executive said Thursday he expects to remain at the helm of the automaker when it emerges from bankruptcy protection but added that nothing was guaranteed. Fritz Henderson met with the Obama administration's auto task force on Thursday before meeting with Michigan lawmakers about the company's search for the best facility to build a new compact car.
GM says it has 16 potential buyers for Saturn brand as automaker refocuses on promising assetsJune 2nd, 2009 GM says it has 16 potential buyers for SaturnDETROIT — General Motors Corp. says it has 16 buyers interested in purchasing its Saturn brand, while three parties are interested in the Swedish Saab brand.
General Motors in tentative deal to sell Hummer brand, day after filing for Ch. 11 protectionJune 2nd, 2009 General Motors in tentative deal to sell HummerNEW YORK — General Motors Corp. said Tuesday that it has tentatively agreed to sell its Hummer brand, a day after the U.S.
Obama's Day: The president will offer his support for GM's restructuring planJune 1st, 2009 Obama to address GM bankruptcy on MondayWASHINGTON — President Barack Obama plans to announce his support for General Motors' restructuring strategy at a midday appearance at the White House. The struggling automaker files for bankruptcy protection Monday in a deal that will give U.S.
AP sources: General Motors to file bankruptcy; Government to take 60 percent ownership stakeJune 1st, 2009 AP sources: General Motors to file bankruptcyWASHINGTON — A congressional official says General Motors Corp. will file for bankruptcy protection Monday and the federal government plans to take a 60 percent ownership stake in the company.
GM's Henderson says some parts of Chrysler deal with UAW could help his companyMay 5th, 2009 GM: Some parts of Chrysler deal could help GMWASHINGTON — General Motors CEO Fritz Henderson says some elements of a labor agreement between the United Auto Workers and Chrysler could benefit GM as it tries to stave off bankruptcy. Henderson told reporters Tuesday he was ready to resume bargaining with the union.
General Motors CEO says company can still avoid bankruptcy despite daunting restructuring listMay 4th, 2009 New GM CEO says company can still avoid bankruptcyDETROIT — General Motors CEO Fritz Henderson says the automaker still can avoid bankruptcy but it has a lot of work left before the government's June 1 deadline. Henderson said Monday in an interview with The Associated Press that "it's still possible" for GM to stay out of bankruptcy, and that's the company's preference.
Chrysler is due in court today to start Chapter 11 bankruptcy proceedingsMay 1st, 2009 Chrysler is in court today for bankruptcy hearingNEW YORK — Attorneys packed a downtown Manhattan courtroom Friday morning for Chrysler's first hearing that may signal whether a quick, "surgical" bankruptcy will be possible for the automaker. The nation's third-largest automaker filed for bankruptcy protection Thursday with an ambitious plan to emerge in as little as 30 days as a leaner company.
Chrysler's first court hearing may give clues on how long bankruptcy case will lastMay 1st, 2009 Chrysler is in court Friday for bankruptcy hearingNEW YORK — Attorneys packed a downtown Manhattan courtroom Friday morning for Chrysler's first hearing that may signal whether a quick, "surgical" bankruptcy will be possible for the automaker. The nation's third-largest automaker filed for bankruptcy protection Thursday with an ambitious plan to emerge in as little as 30 days as a leaner company.
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