Ed Whitacre

A recent report released by USA Today said that When General Motors sells stock to the public, it will be priced from $20 to $25 a share, Chairman Ed Whitacre predicted Wednesday. Whitacre said it was still too early to give a time frame on when to expect the IPO as well as the stock's initial...

General Motors reported this morning that its Q2 net earnings came in at $1.3 billion, which compares to a profit of $865 million in the first quarter of the year. This release comes, not coincidentally, the day before GM is expected to file for its IPO. GM’s results represented a 47% rise in...

General Motors has announced the appointment of Ed Whitacre Jr. as its new CEO. Currently Ed Whitacre holds the title of Chairman and acting CEO. He had replaced Fritz Henderson two months back. According to Phil LeBeau of CNBC, this move shows that GM is willing to keep moving in the right...

General Motors Co. (NYSE: GRM) is cutting prices and reworking ads to revive sales of two sedans that executives consider vital to meeting GM Chairman Ed Whitacre’s goal for a 2010 profit. The moves are aimed at shrinking dealer stockpiles of the Chevrolet Malibu and Cadillac CTS that ballooned to...

Formula One tycoon Bernie Ecclestone and partner Genii Capital emerged as a rival to Dutch super-car maker Spyker Cars NV in making last-ditch efforts to buy General Motors Corp’s( NYSE: GRM) Saab unFormula One tycoon Bernie Ecclestone and partner Genii Capital emerged as a rival to Dutch super-...

General Motors Co. Chairman and Chief Executive Officer Ed Whitacre predicted that the government-owned automaker will be profitable in 2010, ending five years of annual losses. Whitacre also said he believes new Chief Financial Officer Chris Liddell could be a candidate to become CEO; that Detroit...