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