Jump to content
Sign in to follow this  
Drew Dowdell

GM Press Conference Coverage - 01/25/2010

Recommended Posts

GM Press Conference

January 25th 2010


Drew Dowdell - Ed Whitacre called a press conference today to discuss changes to GM. Ed will be taking the helm of GM as it's permanent CEO. Mr. Whitacre said, "We've come a long way in a short time."

GM will be repaying it's loans from the U.S. and Canadian government in full by June 2010.

No change in direction of Saab wind down.

No big changes, "I've been doing the job as if I were a permanent CEO" - Ed

Ed will still be commuting from Texas but will spend a lot more time in Detroit.

Ed wasn't intending to stay as CEO, but grew comfortable with the people and the company, and he got "sucked in".

Ed will be both Chairman and CEO as long as he's doing this.

No massive organizational changes.

Ed as CEO is good for this country.

"We're all motivated to the same thing, design and build the best vehicles in the world"

Dealer arbitration won't effect GM's momentum forward.

Share this post

Link to post
Share on other sites

Your content will need to be approved by a moderator

You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoticons maximum are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

About us

CheersandGears.com - Founded 2001

We  Cars

Get in touch

Follow us

Recent tweets