General Motors abandons search for new chief executive
In a bid to restore stability, car manufacturer gives job to chairman Ed Whitacre
General Motors has abandoned a search for a new chief executive, opting instead to give the job on a long-term basis to its chairman, Ed Whitacre, in an effort to restore “stability” to the cash-strapped Detroit car manufacturer.
Whitacre, a 68-year-old former telecoms [...]
GM and Chrysler get their money, at what cost?
The bail out has come, but at what price will the two near from falling companies have to pay? President George Bush said this week that he didn’t want to put in place this bail out as he knew the car companies have been run poorly and squandered money away unnecessarily. He then said that [...]
Another government bail out plea
Jaguar land rover today showed that they were also suffering and desperately needed a government based loan, with a long list of other companies on the governments hit list, this shows that every sector of the economy is suffering with this being the latest company to step up to the government to help them get [...]
