MSNBC looks at Whitacre’s job thus far at General Motors
Ed Whitacre hasn’t been on the job long at GM as the former interim now permanent CEO, but already his wrath can be seen. Thousands of jobs have been cut, executives have been shown the door, and the old corporate structure has been flipped upside-down. Does this mean GM is out of the woods yet? Hardly, but it has shown some signs of life in recent months, putting out some of the nicest products ever in its 100 year history. For more on the story, head on over to MSNBC.
(Image source: NYDailyNews.com)
GM’s CEO and Chairman Ed Whitacre Jr. has stated that hundreds of the 1,350 dealerships that were closed this year could be restored in a congressionally mandated arbitration process that begins later this month. Whitacre Jr. also said that the company could be profitable this year, but that depends on the economy and several other factors. For the full story, head on over to MSNBC.
(Image source: The Car Connection)
