General Motors has just announced that its Chairman and CEO Edward Whitacre will host a press conference later this morning at 11:30 a.m. (EST). The short press release said that Whitacre will “provide updates on GM business activities.”

We’re guessing one of those updates includes the progress on Saab’s sale to Spyker.

Update: A source has told Associated Press that Whitacre, 68, will become permanent CEO of GM. The announcement will be made during the press conference later today. – MSNBC

You can watch the press conference live after the jump starting at 11:30 a.m. (EST).

- By: Omar Rana


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  • Pat

    Another old CEO, just what GM needs.

  • GMfan87

    not all old people have a hard time changing with the times, and with age comes experience as well. i like everything i've seen from whitacre so far, so i'm giving him the benefit of the doubt