Let’s move past the recall business with the Toyota unintended acceleration problems for a few minutes okay? Recall affected Toyota Actually, let’s not. Toyota screwed up and they’re still working towards fixing it. Their latest effort turns the attention to the management of the company. And it’s not like Toyota plans to motivate the employees, [...]

On numerous occasions, de facto Car Czar Steven Rattner has said that neither he nor the U.S. government wants to be in the auto business–at least not for long. Those sentiments were reaffirmed yesterday when Rattner indicated that the feds are planning to sell off their 60.8% stake in the New GM as soon as possible. [...]

General Motors says Edward E. Whitacre, Jr., will be its new chairman. The former AT&T chief and ExxonMobil board member will lead newly downsized automaker as it seeks a way out of the government fold when the company is launched later this summer, a GM press release says. Interim chairman Kent Kresa will give up [...]

A new General Motors needs new leadership. So following the replacement of former CEO Rick Wagoner with Fritz Henderson, the General has announced its new incoming chairman: Edward E. Whitacre, Jr. Whitacre is perhaps best known for his seventeen-year tenure as chairman and chief executive of AT&T, overseeing mergers and expansions that made AT&T the [...]

According to The Washington Post, the White House is readying General Motors for a bankruptcy filing that could come as early as the end of next week. According to the paper, the proceedings would likely grant GM nearly $30 billion in additional federal loans, bringing taxpayer investments into the company to almost $45 billion. As [...]