Remember how our good buddy Ed Whitacre said that the 2011 Volt would be available in the low $30k range, and be profitable? This, after months of back and forth on pricing and profitability. Well, it turns out Eddie was fudging a little bit. GM clarified this most recent statement with the fact that the [...]
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Whoops, I mean, he “resigned.” Fritz Henderson, that is, former CEO of General Motors. Yesterday ol’ Fritzy tendered his resignation, which GM’s board promptly accepted. Which makes sense, since they fired him, of course. A guy doesn’t work for GM for 25 years, rise to the position of CEO, and then just quit after less [...]
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