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On this clear day, you can see Fritz Hendersons General Motors
Tue, 31 Mar 2009Fritz Henderson and the guy he replaced at the top of General Motors, Rick Wagoner, both speak Portuguese. But that may be where the similarities end when it comes to the words spoken by the former CEO and his newly elevated successor. In his first news conference as the head of GM, Henderson made it abundantly clear that he understands the forces that put him where he is and what they expect from him.
GM recalls 1.5 million vehicles for oil leak
Mon, 13 Apr 2009General Motors is recalling nearly 1.5 million Buick, Chevrolet, Oldsmobile and Pontiac mid-sized cars equipped with a 3.8-liter engine because an oil leak could start an engine fire. Under hard braking, engine oil could leak past a heat shield and drip on the exhaust manifold. The National Highway Traffic Safety Administration says that could start a small fire that could spread to a plastic spark plug wire guide and beyond.
Bankruptcy will delay Chrysler's 2010 model launches, exec says
Mon, 04 May 2009Chrysler LLC will be late getting its 2010 vehicles to market because of the automaker's Chapter 11 bankruptcy filing, Chrysler manufacturing chief Frank Ewasyshyn testified today. The current shutdown of plants and stresses on suppliers also threaten to delay the 2011 models next year, Ewasyshyn said. The changeover to 2010 models is delayed while Chrysler tries to emerge from bankruptcy within the next 30 to 60 days, he said.