Monthly Archives: December 2009

HUMMER Purchase Approval Unlikely This Week

HUMMER’s self imposed goal of wrapping up the brand’s sale to Chinese company Tengzhong this week is unlikely to be fulfilled. In November, HUMMER CEO Jim Taylor said that approval process was expected to take four to six weeks, and the week of December 1st would mark week six. According …

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Fritz Henderson Stepping Down as GM CEO

Details are just now coming that General Motors CEO Fritz Henderson will step down from his post, and Ed Whitacre will act as interim President and CEO. Whitacre held a live press conference Tuesday afternoon and read a prepared statement with the news. According to officials at the Treasury Department …

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