Fritz to remain CEO of GM, says nothing is guaranteed

Fritz Henderson, who succeeded Rick Wagoner as General Motors CEO, probably didn’t imagine becoming the leader of the company only to file it for bankruptcy 2 months later. So far, Fritz said that he expects to remain at the top of the automaker when it comes out of bankruptcy protection but added that nothing was guaranteed.

Henderson met with Obama’s auto task force today before meeting with Michigan lawmakers about the company’s search for the best facility to build a new small car. Henderson said that he spoke to the task force about GM’s corporate culture and said that he expects to remain CEO of the ‘New GM.’

Nonetheless, Fritz said, “There’s no such thing as a guarantee in life.”

Former CEO Rick Wagoner was ousted by the Obama administration in March.

– By: Omar Rana

Source: MSNBC