GM Set To Announce "Important Changes to Our Business"

TTAC has intercepted a memo from GM PR Spinmeister-in-Chief Steve Harris to the troops. [Full text of missive after the jump.] In the message, Harris advises GM employees to tune-in to the internal TV channel for an announcement from GM CEO Rick Wagoner and COO Fritz Henderson (former CFO and Harvard MBAs both) that will “share third quarter results and tell employees about important changes to our business to address the challenges brought on by the volatile global economic situation.” At this point, we have no idea what’s going down (other than GM’s cash reserves, stock price, credit-worthiness, etc.). Our best guess is the one we made for Monday (which didn’t materialize as predicted): a few GM brands are about about to go away. But it could be the GM Chrysler merger. Or… I dunno. Anyone with a lead can email me at robert.farago@thetruthaboutcars.com or place their idle speculation below.

Please plan on viewing GM’s Third Quarter Business Update broadcast at 11 a.m. on Friday, November 7. Rick Wagoner, chairman and CEO, and Fritz Henderson, president and chief operating officer, will share third quarter results and tell employees about important changes to our business to address the challenges brought on by the volatile global economic situation. The broadcast will last approximately one hour. Since GMNA results will be discussed during this meeting, GMNA will not hold a separate broadcast.

The broadcast will be shown on our internal TV network (Channel 55 for the RenCen, Tech Center and PPC; Channel 5 for all other locations.) Employees can view the broadcast in the Dome and are encouraged to watch this message live and visit Global Socrates for related materials later in the day.

Steve Harris