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[KENS - Home Page] GM CEO Whitacre says he will leave automaker Sept. 1 | kens5.com ...: All that GM did was give back some of the billions that Obama used to prop the company up that GM did not need or use. GM or Government Motors was the best run company in the world for many years and the finest most dependable auto maker on this planet.

[Inside Line Automotive News] GM Names New CEO, Could Go Public Soon: GM CEO Rick Wagoner was asked to resign in March 2009 by President Obama just before the government-led bankruptcy of the automaker. Wagoner was followed by Fritz Henderson, a longtime GM executive who served briefly as CEO while overseeing the automaker's bankruptcy restructuring last summer.

[OBAMAers Dot Com] GM CEO to step down; automaker reports profit of $1.3 billion ...: After a string of 10 consecutive money-losing quarters, GM posted a profit of $865 million in the first quarter, bolstered by the improving U.S. economy and a massive restructuring that allowed the automaker to shed vehicle brands, factories and workers. In one telling sign of the turnaround, GM's North American factories hummed at 93% of their capacity in the second quarter, compared with just 39% a year earlier.

[TimelessWealth.net] TimelessWealth.net » Blog Archive » General Motors CEO Steps Down ...: into the biggest U.S. provider of telephone service, had described steering the nation’s largest automaker after bankruptcy as “a public service.” “Ed’s vision of simplifying the business, of giving people the authority and accountability to do their jobs and keeping them focused on designing, building and selling the world’s best vehicles has served a new GM extremely well,” Akerson said today on a conference call. GM today reported second-quarter net income of $1.54 billion as vehicle sales and production increased.

[The Car Connection] BREAKING: General Motors CEO Ed Whitacre To Step Down Sept 1 - The ...: General Motors chairman and chief executive officer Ed Whitacre will step down from his positions, passing the CEO slot to Dan Akerson on September 1 and departing as chairman of the GM board on December 31, 2010.The new CEO was voted onto GM's board last September as the company was reconstituted with government backing following its Chapter 11 bankruptcy.Akerson was previously CEO of telecommunications provider Nextel, chief operating officer of MCI WorldCom, and a former managing director of the private-equity investment firm Carlyle Group.Whitacre, an outsider to the auto industry who previously ran AT&T, replaced long-time GM executive Fritz Henderson last December. The appointment of Akerson continues a nascent GM tradition of telecommunications executives running the global automaker.Henderson himself had replaced another GM lifer, Rick Wagoner, under whose watch GM lost tens of billions of dollars, a large portion of its market share, and ended up in bankruptcy.

[ONLINE WORLD NEWS] GM CEO to step down; automaker reports profit of $1.3 billion ...: Whitacre Whitacre, 68, became temporary CEO in December after the board pushed out longtime insider Fritz Henderson, who himself had been on the job for only eight months. Henderson had been named to GM’s top job in March after his predecessor, Rick Wagoner, was ousted by President Obama’s auto task force.

[Pat Dollard] GM CEO Whitacre To Step Down As Company Posts $1.3 Billion Profit ...: Following the auto-industry maxim that “sheetmetal sells,” GM’s biggest sales jumps have come from its freshest models, such as the Buick LaCrosse, Cadillac SRX and Chevrolet Camaro.

[Bullfax.com - Market News & Analysis] GM CEO steps down on cusp of IPO filing | www.bullfax.com: Ed Whitacre said Monday he agreed to be permanent chief executive and chairman at struggling US auto giant General Motors, and vowed to repay government loans by June.Whitacre had stepped in as the temporary CEO after Fritz Henderson quit the position last December as the number one American auto company reeled from financial crisis."The board of directors asked if I would be willing to stay on at GM and help continue the company's road back to success," he told a press conference at GM's headquarters in Detroit.

[Auto News, Recalls and Car Blog - DriverSide] GM Reports Largest Profits in Six Years, CEO Calls That a Job Well ...: Meanwhile, GM is expected to make an announcement in the coming days about an upcoming IPO (initial public offering) of the company’s stock that would shift support of the company from the US and Canadian governments, which currently have a 61 percent stake in the company, to private investors.

[The Blog Conglomerate] BREAKING: General Motors CEO Ed Whitacre To Step Down Sept 1 - The ...: General Motors chairman and chief executive officer Ed Whitacre will step down from his positions, passing the CEO slot to Dan Akerson on September 1 and departing as chairman of the GM board on December 31, 2010. Whitacre, an outsider to the auto industry who previously ran AT&T, replaced long-time GM executive Fritz Henderson last December.

[Automotive Blog] Introducing Dan Akerson, the next Chairman and CEO of General ...: He may not be much of a car guy by our definition, but in terms of someone capable of running a major corporation, both Whitacre and the rest of the GM board of directors are confident that Akerson will use his years of experience to continue to reshape GM during this crucial time of restructuring. Godspeed, Dan.

[AutoNewsDigger.com] AutoNewsDigger.com » Blog Archive » GM CEO Swap: Dan Akerson to ...: In addition to serving on the GM board since July 2009, Akerson has had a distinguished career in finance as a managing director at the Carlyle Group and in telecommunication, serving as chairman and chief executive officer of XO Communications and at Nextel Communications. He was also chairman and CEO of General Instrument Corp.

[Motor Trend Blog] Whitacre Exits As GM Prepares for Its Coming IPO | Car News Blog ...: Ed Whitacre and his fellow executives refused to answer questions Thursday morning about a General Motors initial public offering (IPO). The announcement that he will step down as chairman and CEO hints that the IPO announcement may still be a few days or even weeks away, as the Treasury department and the markets adjust to GM's next leader, Dan Akerson.

[Advanced Autozone] BREAKING: Whitacre to step down as GM CEO, Akerson to take up the ...: Like Whitacre, Akerson has no background in cars, which actually seems to be a good thing for the auto industry in recent years (take Alan Mulally for example). Besides being on the GM board, Akerson has a career in finance as a managing director at the Carlyle Group and in telecommunication, serving as chairman and chief executive officer of XO Communications and at Nextel Communications.

[Car News Gossip] Growing Stronger: GM Posts Second Quarterly Profit, IPO Filing ...: "I am pleased with our progress on achieving our business objectives," said GM Vice Chairman and Chief Financial Officer Chris Liddell. "We have delivered strong product, maintained cost discipline, progressed strategic initiatives such as restructuring Europe and acquiring AmeriCredit, and delivered two consecutive quarters of profitability and positive cash flow."

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