After reporting a second consecutive quarter of profits, General Motors CEO Edward E. Whitacre said that he will step down as CEO of the automaker on September 1, 2010. Whitacre said he will remain chairman of the board but will give that up by the end of the year as well, having successfully led the [...]
General Motors CEO and Chairman Edward Whitacre will do all he can to shed the “Government Motors” moniker that has stuck with the company ever since it came out of Chapter 11 bankruptcy last year. How does Whitacre plan on doing that? Well first on his long list of ‘To Do’s’ is the long awaited [...]
According to filings with the U.S. Securities and Exchange Commission, General Motors gave stock valued at a total of $6.66 million to 14 top executives, including $1.33 million worth to Chairman and CEO Edward Whitacre. Valued at $53.98 each, GM gave a out 123,347 shares, according to the filing. The company said that it gives [...]
The shakeups keep coming in the GM executive branch, as dozens of product development executives have been reassigned, and new heads of global product planning, powertrain engineering, and quality have been appointed. CEO Ed Whitacre has assumed control of global product planning. Spokespersons for the company verified that none of the moves involved employees leaving [...]
General Motors’ Chairman and CEO Ed Whitacre has finally spoken about the Detroit automaker’s first-quarter profit… at least to his employees. In an e-mail sent to employees Monday, Whitacre thanked employees for their contribution and said that there is still more work to do to rebuild confidence among consumers and growing the business. In the [...]
Compared to one year ago, Detroit”s big three automakers are showing a shocking turnaround. While Chrysler has only shown a slowing of their financial hemorrhage, Ford reported profits of $2.1 billion, and GM, despite not having yet reported a profit, has managed to pay off its $5.8 billion treasury loan early. Though these numbers certainly [...]
General Motors’ Chairman and CEO Ed Whitacre is starring in his second commercial for the Detroit automaker. Whitacre uses the commercial to spread the word that it has paid back loans to U.S. and Canadian governments. “We have repaid our government loan in full, with interest, five years ahead of the original schedule,” GM said. [...]
General Motors’s CEO Ed Whitacre announced today that the Detroit automaker has made its final payment of $5.8 billion to the U.S. Treasury and Export Development Canada, paying back its government loans in full. The announcement went hand-in-hand with the company’s announcement of an investment of $257 million at its Fairfax Kansas and Detroit Hamtramck [...]
As soon as we heard the General Motors’ CEO Edward Whitacre Jr. will be heading down to Washington this week, we started wondering whether he would take a plane or drive the Chevrolet Volt. Turns out, Whitacre will fly and will pay for his flight from Kansas City to Washington this afternoon out of his [...]
Before General Motors CEO Edward Whitacre heads over to Washington on Wednesday, he will stop by the company’s Fairfax, Kansas plant to announce that the automaker will soon pay off $5.8 billion in loans from the U.S. and Canadian governments, well ahead of a June deadline. People familiar with the plans said that Whitacre is [...]
