Ed Whitacre Jr.

(Newser) - Ed Whitacre Jr. will be named permanent CEO of General Motors today, a source tells the AP, after serving as interim CEO since Fritz Henderson was dumped Dec. 1. At a news conference for this morning, Whitacre is expected to say he's been offered the job, after a global search...

(Newser) - Interim GM CEO Edward Whitacre stuck his neck out yesterday, boldly predicting the company taxpayers bailed out last year would turn a profit this year for the first time since 2004. “My prediction is we will be” profitable, he told reporters. “Do we have obstacles in the way?...

(Newser) - General Motors CEO Fritz Henderson has resigned after only 8 months in his post. He will be replaced on an interim basis by board chairman Ed Whitacre Jr. Henderson took over in March and led the company through bankruptcy proceedings and helped it toward its goal of scaling down to...