Thread: GM CEO Out.
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      12-02-2009, 09:40 AM   #9
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Originally Posted by quagmire View Post

Renault killed the Penske-Saturn deal.

And we don't know yet why Koenigsegg backed out of the deal. And on a personal note, Fritz is a fan of Saab. His wife owns a 9-3 Aero.

Saturn and Pontiac are dead. Saab might be sold still or will go into liquidation.

Plus, it isn't Fritz's fault for the failing of the sales deals in any way because GM doesn't own them anymore. Motors Liquidation does.

Word is out on both deals that GM management coudln't/wouldn't move fast or flexibly enough to suit either buyer. That should surprise no one who understands how inherently glacial GM is at deciding anything. The board's action essentially states that Henderson was expected to change that and he wasn't succeeding.
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