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Latest Frederick Henderson Stories

2009-12-01 16:04:00

DETROIT, Dec. 1 /PRNewswire/ -- At its monthly meeting in Detroit today, the General Motors Board of Directors accepted the resignation of Fritz Henderson as Director, President and CEO of the company. Fritz has done a remarkable job in leading the company through an unprecedented period of challenge and change. While momentum has been building over the past several months, all involved agree that changes needed to be made. To this end, I have taken over the role of Chairman and CEO...

2009-11-10 08:15:00

DETROIT, Nov. 10 /PRNewswire/ -- Nick Reilly, GM executive vice president and president, GM International Operations, will immediately assume responsibility for the operations of Opel/Vauxhall Europe while an external search for a new CEO commences, it was announced today. Reilly, with extensive prior experience in Europe with the Opel and Vauxhall brands, will support the European leadership team in running the business and will oversee the creation of a strategy to position...

2009-11-03 16:48:00

DETROIT, Nov. 3 /PRNewswire/ -- New GM supports restructuring of Opel GM restructuring plan involves lower investment compared to investor proposals Discussions with stakeholders on restructuring to begin in earnest Given an improving business environment for GM over the past few months, and the importance of Opel/Vauxhall to GM's global strategy, the GM Board of Directors has decided to retain Opel and will initiate a restructuring of its European operations in earnest. "GM will...

2009-10-02 07:10:00

DETROIT, Oct. 2 /PRNewswire/ -- NAFA Fleet Management Association is proud to announce that Frederick (Fritz) Henderson, President and Chief Executive Officer of General Motors, will kick off NAFA's 2010 Institute & Expo by delivering a keynote address on Sunday, April 25, in Detroit, Michigan. The I&E is NAFA's annual meeting, bringing together more than 2,000 fleet industry professionals for four days of education, trade show experience, and networking. Henderson's keynote address...

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2009-09-11 11:17:10

U.S. automaker General Motors Co. said it would restore pay for salaried workers who stuck with the company through its bankruptcy proceeding. GM will continue with its plan to cut 6,000 white-collar jobs this year, bringing its total salaried staff positions down to about 23,500, The Detroit News reported Friday. But, an e-mail sent this week by the company's vice president of global human resources said salary cuts decided in February -- which took effect in May -- would be restored. Your...

2009-08-30 19:35:40

Leaders of the new, smaller General Motors Co. are on a nine-city dealer tour, meeting with Midwestern auto dealers this weekend in St. Louis, observers said. Chief Executive Officer Fritz Henderson said the mission is to reconnect with GM dealers, after the automaker emerged from bankruptcy to find that consumers have remained lukewarm about some of its vehicle brands, The St. Louis Post-Dispatch reported Sunday. For those people who own our vehicles today, and are happy with them, we want...

2009-08-27 11:43:00

NEW YORK, Aug. 27 /PRNewswire/ -- After a landmark government bailout, General Motors has emerged from bankruptcy on a mission to win back American car buyers. In an effort to change their corporate culture and re-focus on customers and cars, the revamped automaker is asking consumers to "Tell Fritz." See video from General Motors at: http://inr.mediaseed.tv/oneClip_C/?feed=M1oYs9kUo7UCVSWlN_V587bS7TPqoi3j The new campaign allows people to go online and send their comments to company...

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2009-07-12 00:36:13

General Motors Corp. promises the slimming down process, as it tries to recover its position in the U.S. auto industry, will include its top management. It's a very painful process, Chief Executive Officer Fritz Henderson told The New York Times. We don't have a lot of bad executives. We just have too many of them. Henderson said in an interview Friday 400 of the 1,300 top executive jobs will be cut through resignation or retirement. In recent years, thousands of GM hourly workers, foremen...

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2009-05-12 20:16:08

The president of General Motors Corp. says GM has no plans to leave its world headquarters along the Detroit River just to save money but he didn't rule it out. The Detroit News reported Tuesday that the company could save millions of dollars in taxes by moving its headquarters to another city. The newspaper said the mayor of Warren, Mich., James Fouts, is trying to woo the automaker, touting his city's lack of an income tax. A move by GM would take about $6 million in annual property taxes...

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2009-05-11 10:04:44

General Motors Corp.'s chief executive officer said the odds of the largest U.S. automaker filing for bankruptcy have increased but are not yet a sure bet. In a Monday morning conference call with reporters, CEO Fritz Henderson said: Today it's more probable that we would need to resort to a bankruptcy process. But there's still a possibility and an opportunity for it to be done outside of a bankruptcy. To avoid bankruptcy, the task that we have in front of us is large, but we know that we...


Word of the Day
reremouse
  • A bat.
The word 'reremouse' comes from Middle English reremous, from Old English hrēremūs, hrērmūs ("bat"), equivalent to rear (“to move, shake, stir”) +‎ mouse.
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