Breaking News: Fritz Henderson resigns as GM CEO

At the montly meeting taking place in Detroit, the General Motors Board of Directors approved today the resignation of Fritz Henderson as Director, President and CEO of the company.

For those who don’t know, Fritz Henderson has done a remarkable job in leading the biggest American car manufacturer in an unprecedented period of challenge and change but it is time to move on.
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sdcarguy - 12/1/2009 6:06:50 PM

+1 Boost

Bring on Lutz!

indifferent - 12/1/2009 6:36:27 PM

+1 Boost

Lutz has been in the automotive industry for more than 3 months; he may actually understand the unions and supply chain... they wont let him run the company.

veyron1001 - 12/1/2009 6:38:01 PM

+3 Boost

More like expected news

EL34 - 12/1/2009 7:35:13 PM

-1 Boost

I am very happy with my starfire pearl 2010 Lexus RX350.

No UAW needed and it has the folding mirrors :-D

EL34 - 12/2/2009 1:51:05 AM

-1 Boost

There is no recall for any Lexus RX at this time for floor mats.

answer - 12/1/2009 9:44:06 PM

+1 Boost

Even if he could have offered a Camaro that actually transformed into Bumblee for $20,000 the dude would have been out the door.

mini22 - 12/2/2009 12:45:13 AM

+2 Boost

No surprise here. Henderson was part of the old guard.He was picked very quickly due to the impending bankruptsy. GM and the US government did not have a lot of time to find Wagoners replacement. But now GM is out of the BK,you have a new replaced board and GM is not doing as well as Ford(it's chief rival)

thstone - 12/2/2009 5:40:08 PM

-1 Boost

Lutz might have been the right guy 10 or 20 years ago but not now. He is still WAY too set in the old Detroit ways.

Ford is a good example - Mulally came from Boeing and with it he brought new thinking to a moribund Ford. GM needs a new thinker, not someone who will do it the same old GM way.

GTR1 - 12/2/2009 10:27:22 PM

+1 Boost

take the lifeboat and abort mission instead of sailing on the modern day titantic.