Car Throttle

It has been a whirlwind of news today! The automotive world is alight with comments about the resignation of General Motors' Chief Executive Officer, Fritz Henderson. This follows the push out of former CEO Rick Wagoner, who Fritz Henderson replaced. Twitter has proved to be place to get the latest thoughts and reaction from the public. Be sure to follow us on Twitter for the quickest news updates  - we've been on there a lot today keeping up with all the happenings. On a GM conference call today, it was abruptly announced that Fritz Henderson would be resigning his position at GM. Ed Whitacre of recent AT&T fame and current Chairman of the GM Board, made the announcement. He also will be taking over the position as

Bob Lutz, bearer of good news! He is fresh off his "unretirement" and back, better than ever. The reshuffling retains his position as Vice-Chairman of GM and actually adds responsibilities: he's in charge of “creative elements of products and customer relationships.” Bob Lutz is known famously in the auto industry for his propensity to speak his mind, and that hasn't changed. Pontiac's G8 has seen new life in it's sales numbers since the announcement about the Pontiac brand cancellation. Clearly the product has potential; it was critically acclaimed in the press. Not only that, there is multiple other reasons for keeping the car, like Australian production revenue that is vital to GM's Holden subsidiary. The logical reasons are there, which is why the response of GM's CEO Fritz

Oddly as it may sound, as GM has entered bankruptcy there has been more optimism about the future of the economy and the auto market even in the near term.  The Ford's and GM's numbers sales numbers have shown surprising strength and automakers are saying that they're seeing the the beginnings of recovery. That is good news indeed!  Ford may just be able make it through this without government intervention, and GM *could* be as profitable as as early as next year. Chrysler on the other hand; well we'll have to see how that whole deal works itself out. Regardless, it's true that through this process GM will be able to compete much better. Look at how much they have cut already and yet are still operating; talk about bloated!  I'd rather have fewer