Salt Lake Tribune (Free subscription) | 11/16/2009
Washington » General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount as early as 2010, five years ahead of schedule, CEO Fritz Henderson said Monday.
Examiner (Free subscription) | 11/16/2009
General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount as early as 2010, five years ahead of schedule, CEO Fritz Henderson said Monday.
Seattle Times (Free subscription) | 11/16/2009
General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount as early as 2010, five years ahead of schedule, CEO Fritz Henderson said Monday.
The Triangle Business Journal (Free subscription) | 11/16/2009
General Motors Co. reported a $1.15 billion loss in its first financial report since exiting bankruptcy, a far better report compared to previous quarters and a sign that the automaker is making progress.
Sify (Free subscription) | 11/16/2009
General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amount as early as 2010, five years ahead of schedule, CEO Fritz
Vox Verax (Free subscription) | yesterday
... and its fourth-quarter results were expected to be worse. The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 percent taxpayer stake in the company, declared itself “encouraged” by the news. Many commentators followed suit. But in the premature rush to herald the...
naked capitalism (Free subscription) | yesterday
By Edward Harrison of Credit Writedowns This comes via Deal Book at the New York Times. The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 percent taxpayer stake in the company, declared itself “encouraged” by the news. Many commentators followed suit. But in the premature...
Credit Writedowns (Free subscription) | yesterday
This comes via Deal Book at the New York Times. The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 percent taxpayer stake in the company, declared itself “encouraged” by the news. Many commentators followed suit. But in the premature rush to herald the beginning of...
Gasgoo.com (Free subscription) | 11/23/2009
... units, after topping the 1 million level in September for the first time ever.GM Chief Executive Fritz Henderson said last month he expected auto sales in China, where the U.S. automaker has hit a string of monthly sales records since January, will continue to grow at a "significant" pace.GM China chief Kevin Wale said he believed Beijing will take additional steps to support its...
New York Times (Free subscription) | 11/20/2009
... What GM should do is fly all the people who return cars to Detroit to sit down and have lunch with Fritz Henderson and Bob Lutz so they get to hear direct feedback over the customer’s decision to return.— Ethan Edwards 4. November 21, 2009 1:12 am By the way, AutoWeek reported that the only person to return a car under this program so far returned a manual transmission Corvette for...
Houston Chronicle (Free subscription) | 11/20/2009
Share DETROIT — More than four months on the job as General Motors' chairman, Ed Whitacre has sent several clear signals about who is in charge: Ed Whitacre.The board, under Whitacre's direction, last week undid the deal crafted under Chief Executive Officer Fritz Henderson to sell Germany-based Opel. Then, this week, Whitacre suggested GM might not become publicly traded again as quickly...
The Business Insider (Free subscription) | 11/18/2009
Both President Obama and GM CEO Fritz Henderson envision an ultra-fast return to the public market, with an IPO as soon as Q$ 2010 its IPO in Q4 of 2010 L Reuters : The Obama administration wants a fast-track initial public offering of General Motors Co GM.UL shares to reduce its majority stake in the automaker, a senior official said. "I would anticipate that if the fresh start...
Straightline (Free subscription) | 11/17/2009
Among the many highlights of GM's financial results yesterday was the declaration by CEO Fritz Henderson that GM would begin to pay back its government loan next month. Sounds great huh? Five years early and everything! There's only one...
Gasgoo.com (Free subscription) | 11/18/2009
General Motors Co. Chief Executive Officer Fritz Henderson, buoyed by $50 billion in U.S. bankruptcy aid, slashed debt and operating costs without returning to profit. His challenge now is to sell more cars. A 28 percent drop in GM's U.S.
DealBook (Free subscription) | 11/19/2009
By paying down its government debt obligations — including $1.4 billion due to Canada — G.M. will cut its current $17 billion in debt almost in half. The auto maker’s chief executive, Fritz Henderson, has said the move will create room for the automaker to seek a private line of credit from banks.
