GM takes clean sweep of management
General Motors Company, the US government controlled company that has taken over the ‘good’ parts of GM, has swept the broom through senior management, announcing major changes in more than 20 senior roles.
Most significant, and interestingly indicating a trend for moving senior GM Europe staff back to the US before that business is sold off, [...]
GM CEO says bankruptcy ‘probable’
General Motors Corporation chief executive officer, Mr Fritz Henderson, says a bankruptcy filing is “probable” because of the restructuring goals GM must meet to get more US government loans, but that isn’t the company’s preferred option.
In a conference call with journalists, Mr Henderson said GM was working on two parallel plans: one that involves bankruptcy [...]
GM scraps high-performance unit
February 19, 2009 by Matt Brogan
Filed under Car News, GM
General Motors has today disbanded its High Performance Vehicle Operations unit instead deciding to focus on mainstream products in a battle to survive.
The Detroit based unit created low-volume vehicles for GM’s divisions designed to appeal to enthusiasts and bolster the company’s image. Products included V-series Cadillacs and the Chevrolet Cobalt SS, HHR SS and a [...]
