General Motors Digest: July 3, 2014

In today’s General Motors digest: GM recalls a recall; the automaker gains market share in spite of itself; its bankruptcy judge believes it may have committed fraud; the U.S. Senate gets ready for a second February 2014 recall hearing; and Anthony Foxx vows to keep the heat turned up on GM.

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Fritz Henderson Has Left The Building
Former GM CEO Fritz Henderson is no longer a $3000/hr consultant for General Motors, reports Reuters . Henderson, who was paid $59,090 per month for 20 hour…
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Fritz Henderson Consulting For Old GM Wind-Down Firm
Fritz Henderson was Mr Transition at General Motors, taking over when Wagoner was ousted by the Presidential task force, and losing the top spot when Ed Whit…
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Does GM Still Have An Executive Compensation Problem?
Gosh, was it really just Monday that Bob Lutz was complaining about the pay problems round General Motors way? Automotive News reports that, in addition to…
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GM Hires Fritz Henderson As $3,000/Hour International Man Of Consultation
Because the man clearly knew how to turn The General around. Bob Lutz might not be getting paid enough for his taste, but as Henderson proves, it’s not…
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Whitacre: GM-SAIC Deal Was Henderson's Idea
GM Chairman and CEO Ed Whitacre has made his first real media availability today, answering questions on a number of issues including the deal that sent cont…
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Autoextremist: GM Is Screwed After All

Autoextremist Peter DeLorenzo is an interesting figure in the auto commentary landscape. Though TTAC has often taken the pioneering car blogger to task for inconsistencies (especially during bailout mania), it’s no surprise that DeLorenzo’s ability to see things as they are comes and goes. After all, the guy is the quintessential insider’s outsider: as a former marketing and ad man, the Autoextremist is always in the Detroit tent… the only question week-to-week is whether he’s going to be pissing out or pissing in. Well, this week the deluge is headed straight for the part of the tent occupied by GM’s new CEO Ed Whitacre and his activist board. And it smells of well-aged vintage Deathwatch.

But before I get into Whitacre’s executive moves, you’re probably gathering I’m not buying “Big Ed’s” act, and you’d be right. After doing some digging around Whitacre’s previous executive life at AT&T, it’s easy to come away with a highly unflattering portrayal of GM’s “interim” CEO. First of all, the “aw shucks I’m just a country boy who has a few good ideas” persona is total bullshit. In his previous executive life Whitacre was known as an arrogant know-it-all who was never wrong, never listened to reasoned advice and who brought absolutely nothing to the table of his own on a day-in, day-out basis. Shocking? Hardly. Anyone who thinks The Peter Principle isn’t alive and well in corporate America today is kidding themselves.

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The Bumbling of HUMMER

As every salesmanperson knows, you’ve got to close the deal. It’s as simple as ABC. Always Be Closing. Looks like the only thing GM is adept at closing is dealerships. All deals to get rid of its unloved, neglected, and money losing brands have either been canceled, or are barely up in the air. From Opel to Saab to HUMMER. Yes, HUMMER. Haven’t we been told that that beast has long been foisted off on a formerly unknown Chinese company called Tengzhong? It hasn’t. And it won’t be for a while. If at all.

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Quote Of The Day: Maximum Eulogy Edition

Fritz was and is an outstanding executive, and I’m very sorry to see him go. You can argue there never is a good time for any of this, but in this case, the timing is particularly inopportune… He guided General Motors through perhaps the most difficult period in its history. I think all of us were surprised and the whole General Motors team I think is genuinely saddened over what transpired

GM Marketing boss “Maximum” Bob Lutz eulogizes his erstwhile boss at the Los Angeles Auto Show [via DetN]. Historians of the Lutzian oeuvre should note that this quote represents MaxBob’s attempt at exercising “enormous skill in the non-answering of [Fritz-related] questions.”

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Editorial: Why GM Doesn't Need A "Car Guy" CEO

Car guys know exactly what’s wrong with GM: car guys like them aren’t running the show. Otherwise, every Chevrolet, GMC, Buick, and Cadillac would look “great” (no need to be more specific) and dust the competition. Hence Bill Ford’s decision to hire Alan Mulally to take over as CEO came as a real disappointment. Obviously, he would have done better hiring anyone who truly knows and loves cars better than a Lexus-driving Boeing executive.
Sorry, CarNut4CEO. It just wasn’t so in Ford’s case. And it’s just not so in GM’s case, either.

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GM CEO Search Could Take A Year. Or Not.
GM sources speaking to Bloomberg say that Ed Whitacre has told employees that he could stay in the position of CEO for as long as a year. During a 30 minute…
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GM Zombie Watch 21: Headshot!

Recently, it’s become popular to believe that when a zombie loses its head, it dies. With today’s resignation of Fritz Henderson, the reanimated corpse of General Motors is testing that theory. Henderson was the latest in a line of GM lifers to hold the company’s reigns, hand-picked by ousted CEO Rick Wagoner and put in place by a presidential task force that couldn’t say no to another insider. In theory, Henderson’s resignation shouldn’t come as a surprise, let alone a disappointment. In practice though, the move leaves the zombie GM in a precarious position at a challenging moment. For the first time since (your guess here), GM is in the hands of an outsider.

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What's Wrong With This Picture: You Know, Besides All The Obvious Stuff Edition
What happens on Facebook is not private, kids. A picture may be worth a thousand words, but the right screencap can be worth a a few million. Ms Henderson&rs…
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Ed Whitacre To Replace Fritz Henderson as Interim GM CEO

GM’s board accepted Fritz Henderson’s resignation today, and its Chairman Ed Whitacre will serve as CEO until a replacement is found. A search for a new President/CEO will begin immediately. Whitacre took no questions, saying the day had been “hectic.” A spokesman said the resignation was a decision reached mutually by Fritz and the board, based on the company’s “current position.” The spokesman refused to answer further questions about the leadership change, prompting one journalist to ask why GM hadn’t simply issued a release, rather than calling a conference. “This is stupid,” he said. The spokesman revealed that the government “was notified after the board’s decision,” and referred questions of hiring practice to the federal paymaster, Kenneth Feinberg. Otherwise, there are no real answers coming out of today’s statement and brief question-and-evasion period. Whitacre’s statement is after the jump.

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Wild Ass Rumor Of The Day: GM CEO Fritz Henderson Resigning In 5, 4, 3, 2…
Breaking, via the AP. We are currently listening to muzack waiting for GM’s press conference to begin.
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  • 28-Cars-Later Ronin.
  • Scott Le Mans - Steve McQueen. It's an oldy and cult only but those who saw it know who's cars were featured.
  • Sobhuza Trooper Gas powered generators? The Wretched Past. UGH!!!! Battery powered generators? The Glorious FUTURE. YEA!!!!! Let California Californicate the World!!!!
  • Yuda Power grid is already failing with the few chargers there are This is just gonna make things worse for normal people
  • Yuda EVs in general are a scam LMAO I'm not surprised