["WHAZ UP!?" In The World Of Automotive] The Mustang pool table! Lee Iacocca ...


Originally available in classic Poppy Red, you can now order your Mustang table in any color you like.
The Mustang pool table is molded from a 1965 Mustang and this high-end replica looks like the real thing.
Though  the length of the car-shell is "shortened" to fit the table, both the front and rear of the car are the original size with real working lights, chrome decals, bumpers, and hardware and real alloy rims and tires.

Pricing : $14,995

EACH COLLECTORS EDITION POOL TABLE COMES WITH A TITLE OF AUTHENTICITY AND IT'S OWN UNIQUE "VIN" NUMBER.

You may order it here: mustangpooltable.com





[The "new" GM : General Motors Company] 2010 Chevrolet Equinox named Urban Tr...

The 2010 Chevrolet Equinox was named the Urban Truck of the Year by On Wheels Media, Monday, December 21, 2009 in Detroit, Michigan. Chevrolet will accept the award for Best Urban Truck of the Year at the 14th Annual Urban Wheel Awards, January 12, 2010.


Randi Payton, On Wheels Media's president and publisher said, "The Urban Vehicle of the Year resonates with the majority of new car buyers who live in urban and suburban areas, who drive on crowded road conditions. The vehicles chosen are cost and fuel efficient, and have the performance and safety characteristics that are relevant to the consumers in Metropolitan areas."
The Urban Truck of the Year winner is selected by a panel of 15 automotive journalists from a broad array of newspapers, magazines, broadcast and Internet outlets.

[The "new" GM : General Motors Company] Brand Trainwrecks: Saab Story

Auto Industry Overcapacity Finally Ravages A Storied Brand

Regardless of whether General Motors ends up selling its Saab brand to Dutch sports-car maker Spyker Cars NV – or to anyone else – its apparent demise provides a depressing exclamation mark on a year in which the doomsayers about global automotive overcapacity were finally proven right.

Even during the worldwide, mid-decade economic boom, automotive analysts periodically would point out – and honest industry executives
would admit – that automakers were headed for a capacity donnybrook. Even as Asian brands kept building new plants in North America and Europe, and General Motors and the Europeans kept adding capacity in Asia, those doing the relatively simple math kept saying: There’s way too much room to build cars, and sooner or later someone is going to have to pay for it.

Unfortunately, it hit the fan in 2008 and 2009. And GM and Chrysler, through their untimely meltdowns, have ended up bearing the brunt of the world’s massive capacity adjustment.
Still, Saab’s story is particularly poignant in this regard because it’s really the first venerable, standalone global brand that has taken it in the teeth – er, grille. Yes, GM has shed other brands, but Hummer and Saturn never were vital, and Pontiac had faded decades ago.
Saab has a proud heritage that GM slowly strangled with a paucity of new products after it bought the brand outright a couple of decades ago. Originally an aircraft manufacturer, Saab began building automobiles in 1949.
“Saab’s quirky designs and mastery of turbocharging gained it an international following,” as AutoTrader.com wrote in its summary about the brand. “Over the years, Saab also produced a bunch of industry firsts in technology, including ignition locks positioned on the front console instead of the steering wheel for better logic and more safety, cabin-air filters, electrical heated seats, and side- and rear-impact crash protection. During the Eighties, Saab cars gained popularity in America as a favorite choice of upscale young consumers looking for a way to distinguish themselves from the mainstream.”
Nowadays, however, consumers already are prepared to move on if Saab ultimately conks out. BMW, Audi, and Volvo could be the biggest immediate brand winners among Saab shoppers who also considered other brands while browsing for Saabs lately, said AutoTrader.com.
Added AutoTrader.com President and CEO Chip Perry: "As the Saab brand is shut down, it is likely many of those buyers will gravitate to those other European brands, although our shopper activity on AutoTrader.com shows Saab buyers are also interested in some American and Japanese brands."

AutoTrader.com:  Cross-Shopping Data Shows BMW Top Cross-Shopped Vehicle Among Saab Shoppers
PRNewswire-ATLANTA


[The "new" GM : General Motors Company] Comparing Apples With 'Apples': GM Di...

Let's compare Apples with Apples...
Can anyone give a 'Yes' answer to the question: Did GM do to SAAB what Ford did to VOLVO; during all those years they owned the brands respectively?
"SAAB brand has become a 'pain in the arse' for GM" vs. "Ford is very close to completing the selling of VOLVO to Chinese Geely"...Huh what a big-big difference...Don't you think?


VOLVO at the beach...


SAAB: Svenska Aeroplan Aktie Bolag (Swedish Airplane Corporation)
VOLVO is Latin and means "I roll"


SAAB 1947 & 1954
THE HISTORY OF GM's SAAB

1990: Car division splits from aircraft business. GM and Investor AB take 50% stake
2000: GM takes 100% ownership
Jan 2009: GM announces talks to sell Saab
Aug 2009: Koenigsegg agrees terms to buy Saab.
Nov 2009: Koenigsegg pulls out of talks.
1 Dec 2009: GM says will consider offers until end of December
18 Dec 2009: GM announces the winding down of Saab


SAAB
A Voice On The Web:

The Time Is Now – Please Complete The Sale Of Saab
Come on GM, get a move on, there are only 9 days left until the end of the year. You owe it to the folks at Saab, all of the workers in Trollhättan, all the dealers around the world and everyone else that has contributed to this company to make it what it is. They are counting on you and so are we.


VOLVO

 The first series produced Volvo automobile, the Volvo ÖV 4, left the factory on 14 April 1928 which became the official date for the founding of Volvo.
In 1999 Volvo sold its car division Volvo Cars to Ford for $6.45 billion. The Volvo trademark is now shared between Volvo AB, where it is used on heavy vehicles and the unit of Ford, where it is used on cars. Recently, Ford is evaluating whether to on-sell Volvo Cars. On 1 December 2008, Ford announced that it will "re-evaluate its strategic options for Volvo," including the possible sale of the brand. In 2009, Ford Motor Company has confirmed that the preferred buyer of Volvo Cars is Chinese motor manufacturer Geely.

In brief: VOLVO is "rolling" very happily off to mainland China where SAAB is blinking in its death bed.


1999 SAAB & VOLVO


2004 SAAB & VOLVO


2009 SAAB & VOLVO

[Gentlemen Start Your 'Maros] The 2010 Indianapolis 500 official pace car wil...




The Indianapolis 500 is often billed as a great American race, and for 2010, the official pace car will be a Chevrolet Camaro, which is a quintessentially American car.

A Camaro paced Indy last year, but this one has an orange paint job with white stripes--which is the opposite of the white with orange stripes paint job that graced the 1969 Camaro that paced Indy.




Last year at 2009 Indy 500, another  Camaro was the official pace car(below)





Editorial-GM, don't touch my brand..!(Focusing On Brand Ownership) :[Wheelsman] 12/19/2009 05:38:00 PM

This was the latest from 'GM Media Online' to registered auto journalists(Includes me!)

Saab Sale Cannot Be Concluded
Brand to be Wound Down
2009-12-18
Detroit.  General Motors announced today that the intended sale of Saab Automobile AB would not be concluded. After the withdrawal of Koenigsegg Group AB last month, GM had been in discussions with Spyker Cars about its interest in acquiring Saab. During the due diligence, certain issues arose that both parties believe could not be resolved.  As a result, GM will start an orderly wind-down of Saab operations.


GM, I am not just telling BUT yelling at you!
You are turning out to be the 'renowned pro of killing brands.'
This is becoming the latest story of a serial killer.

Serial killer From Wikipedia, the free encyclopedia: A serial killer is a person who murders three or more people over a period of more than thirty days, with a "cooling off" period between each murder, and whose motivation for killing is largely based on psychological gratification.

Since your bankruptcy of July,2009 you have been practising restructuring and we are trying our best to capture the things you have been doing right and praising you at every chance we get. This is why i started a Blog named "The New GM"; expecting great things to happen as I feel attached to the brand and ready to get involved in keeping it from harm's way. This is what GM brand means to me; pure & simple. And I am certain that there is a whole big crowd out there who feel the same way or similar. This, in terms of today's marketing concepts, boils down to BRAND OWNERSHIP.

Each and every attempt you make to harm MY BRAND is hurting me(and many,many others); i am constantly feeling that MY BRAND is insecure, mismanaged, losing value, and much much more. I am losing my trust in you GM. Can you understand what i am saying? It all comes down to TRUST of the consumer; an   asset you are striving to regain lately by introducing new and great products, reshaping your management, giving clear and bold messages to existing and potential customers, spending millions in advertising. This is the one side of the moon which i love looking at. The dark side of the moon is how you are handling your brands, which you may think that they are yours, NO my brands.


You killed my Oldsmobile and now calling that history BUT i got hurt. İ am the one who is still trying to burry it but can't. Then it was the Pontiac before my mourning for Olds was even rectified. AND you didn't stop there; you killed Saturn, threw dirt on Hummer and NOW SAAB is attached to the respiratory unit in the intensive care before passing away shortly.

GM, this is malpractice. No doctor doing this to patients, no commander doing this to his/her soldiers, no company doing this to OUR BRANDS will survive. You can be there ONLY if we are still here. We are making plans to leave GENERAL. Please wake up! Get your act together and QUIT messing around with OUR brands. One more move and you lose all the trust.
AND you can't perceive any of what i am saying here and this is saddest part of all.

Pontiac you killed was 92 years old. Oldsmobile was 107 years old. SAAB is 60(excluding the aircraft part) years old, Saturn (click to lead to website) only 23 years old. Saturn was YOUR BABY. You delivered it BUT we were there to nurse/feed it and help it to grow and become an 'useful' adult! Here is what you are still showing US as if you intend to feed your bad conscience:


Let's focus on the first 2 frames to further clarify our message to you GM:


That was US, applauding in that picture back in 1983. Do you get it; GM? You must remove this page as you don't deserve to show it off anymore.

Your malpractice with our brands are only creating your own Arlington(never to show disrespect but only to lay out a metaphor) but this one not for the heroes but our brands; G-MIRLINGTON.


Now, picturing the gravestone case for SAAB,due shortly as it seems, let's dwell on the issue a bit.

What i have been trying to say here is, simply put,
 "GM!!! Don't Touch My Brand without my prior consent."
with the logical reasoning that I own the brand.
 The back-ground of my reasoning:
BRAND OWNERSHIP
Brand Ownership: The First Five Steps.

First: Stop dreaming and do.
Second: Stop complaining and create.
Third: Stop wishing for a solution and be the solution.
Fourth: Stop hoping for more money and find your version of resourcefulness.
Fifth: Stop thinking you’re “all that” and be who you are gifted to be.

GM needs to spend more time re-evaluating the 4th and 5th steps which i had taken to own SAAB brand!.

A brand is a distinguishing name and/or symbol intended to identify a product or producer.

Some people distinguish the psychological aspect of a brand from the experiential aspect. The experiential aspect consists of the sum of all points of contact with the brand and is known as the brand experience. The psychological aspect, sometimes referred to as the brand image, is a symbolic construct created within the minds of people and consists of all the information and expectations associated with a product or service.

People engaged in branding seek to develop or align the expectations behind the brand experience, creating the impression that a brand associated with a product or service has certain qualities or characteristics that make it special or unique. A brand is therefore one of the most valuable elements in an advertising theme, as it demonstrates what the brand owner is able to offer in the marketplace. The art of creating and maintaining a brand is called brand management. Orientation of the whole organization towards its brand is called integrated
marketing.

A brand which is widely known in the marketplace acquires brand recognition. When brand recognition builds up to a point where a brand enjoys a critical mass of positive sentiment in the marketplace, it is said to have achieved brand franchise. One goal in brand recognition is the identification of a brand without the name of the company present. For example, Disney has been successful at branding with their particular script font (originally created for Walt Disney's "signature" logo), which it used in the logo for go.com.

Brand name
The brand name is quite often used interchangeably within "brand", although it is more correctly used to specifically denote written or spoken linguistic elements of any product. In this context a "brand name" constitutes a type of trademark, if the brand name exclusively identifies the brand owner as the commercial source of products or services.
A brand owner may seek to protect proprietary rights in relation to a brand name through trademark registration. Advertising spokespersons have also become part of some brands, for example:
Mr. Whipple of Charmin toilet tissue and Tony the Tiger of Kellogg's.


What good is the brand showing on a chair , wall clock, lighter, watch or a stool
 if our perception doesn't reach beyond those objects, to the brand itself

Brand identity
A product identity, or brand image are typically the attributes one associates with a brand, how the brand owner wants the consumer to perceive the brand - and by extension the branded company, organization, product or service. The brand owner will seek to bridge the gap between the brand image and the brand identity. Effective brand names build a connection between the brand personality as it is perceived by the target audience and the actual product/service.

A perception: Cadillac in 2035
Brand parity
Brand parity is the perception of the customers that all brands are equivalent.[8]

Company name
Often, especially in the industrial sector, it is just the company's name which is promoted (leading to one of the most powerful statements of "branding"; the saying, before the company's downgrading, "No one ever got fired for buying IBM").
In this case a very strong brand name (or company name) is made the vehicle for a range of products (for example, Mercedes-Benz or Black & Decker) or even a range of subsidiary brands (such as Cadbury Dairy Milk, Cadbury Flake or Cadbury Fingers in the United States).

"A great brand raises the bar -- it adds a greater sense of purpose to the experience, whether it's the challenge to do your best in sports and fitness, or the affirmation that the cup of coffee you're drinking really matters." - Howard Schultz (president, CEO, and chairman of  Starbucks)

Brand Management; this is what GM Management must be stuck with and not a bit of the rest.

Brand management
Brand management is the application of marketing techniques to a specific product, product line, or brand. It seeks to increase the product's perceived value to the customer and thereby increase brand franchise and brand equity. Marketers see a brand as an implied promise that the level of quality people have come to expect from a brand will continue with future purchases of the same product. This may increase sales by making a comparison with competing products more favorable. It may also enable the manufacturer to charge more for the product. The value of the brand is determined by the amount of profit it generates for the manufacturer.
I can hear GM echoing what it says in the above paragraph BUT it is only the tiny bit within the whole of the context we are discussing right here.

Further, let's look at what CORPORATIONS are for:

GM's Rencen, castle of BRAND misperceptions.

Eminent Canadian law professor and legal theorist Joel Bakan contends the modern business corporation is created by law to function like a psychopathic personality.
Beginning with its origins in the sixteenth century, Bakan traces the corporation's rise to dominance. Simon and Schuster: “the most revolutionary assessment of the corporation since Peter Drucker's early works,” THE CORPORATION makes the following claims:
Corporations are required by law to elevate their own interests above those of others, making them prone to prey upon and exploit others without regard for legal rules or moral limits.
• Corporate social responsibility, though sometimes yielding positive results, most often serves to mask the corporation's true character, not to change it.
The corporation's unbridled self interest victimizes individuals, the environment, and even shareholders, and can cause corporations to self-destruct, as recent Wall Street scandals reveal.
• Despite its flawed character, governments have freed the corporation from legal constraints through deregulation, and granted it ever greater power over society through privatization.
Bakan urges restoration of the corporation's original purpose, to serve the public interest, and calls for re-establishment of democratic control over the institution. Concrete, pragmatic, and realistic reforms are proposed.
I agree with that. AND my democratic reflex is to stop GM from killing MY BRANDS.

There are people who disagree with what i kept saying up to this point.
What would you say to this? Quoted from  Andrew Harrison's article posted to Marketing Week(UK):

19 November 2009 | By Andrew Harrison
No matter how important customers are, marketers need to remember that the true brand owners are company shareholders.
Consumer engagement is not brand ownership.
So, don’t confuse ownership of your brand with consumer engagement with certain media channels. You formulate the product, you design the packaging, you agree the brand name, you sell-in the distribution, you set the pricing and you decide the marketing campaign. Lazy marketers can let consumers with crayons colour in the next pack design but these are one-night stands not a long-term change in the relationship between brand owner and brand user. Let your consumer enjoy your brand message in the chatroom or the pub, but make sure he or she buys your product time and again in the real world.
Ownership drives responsibility. Brand management means managing not abdicating.
I do not comprehend how he says that and neither do i agree with the most of it.

Here is another view quoted from Nick-Rice.com:

Brand ownership
I wanted to pass on some lessons I found on the “Own Your Brand!” blog:

The brand ownership lessons:
Brands are not made in a day. Stop asking your ad agency to crank one out for you.
However, brands ARE made one day at a time – like reputations. Find your “intentionality gene” and activate it.
Brands don’t turn on a dime, but they do in time. What took time to create, will take time to re-create.
The context was the brand perception issues that GM is facing. Most people still think of them as builders of inferior cars. Right or wrong that’s the prevailing thought. They have put a lot of thought & money into re-becoming a premier brand worldwide. It is a long process. 
And it happens one interaction at a time, one new product at a time, and one ad at a time.
You cannot change your brand perception without careful thought and planning (or designing) the experience. Design is about more than fonts and colors; it’s a thought process that considers customer needs, your unique elements, the marketplace, your visual equity, and your objectives.
Agree 100%...


Join Carlos Mandelbaum as he explores the revolutionary idea 
that it's consumers, and not companies, who own brands
@ ' Carnival Of Ideas'

One more, from Kenazz Communications:
Brand Ownership
Most people don’t know this. It’s no secret, but something company executives don’t seem to listen to.
You do not own your brand.
No one person owns a brand. Ownership of a brand, its definition and its perception lies primarily with the customers and public that consume or worship it.
You cannot regain control of your brand. You can guide and pilot it. If you dare change it, you should hope like hell that the brand holders are ok with the new changes. You should think of your brand like an apartment. You can’t make any changes without the owner’s approval.
If you think I’m wrong, take a look at history.
One of the biggest rebranding flops of modern times involves “New Coke.” For the young and uninitiated: Coca Cola decided that they were tired of being beat by Pepsi in taste tests. In order to compete with them, they formulated a new taste of Coke, rebranded it “New Coke” and trudged ahead, pleased with themselves.
Coke found out the hard way what a bad idea this was. Coke’s customer base was furious. They derided the new taste and the whole experiment cost the company in the short term. They had the insight to change it back before too long. 
This little folly illustrates quite a few things about brands. Chances are, if they quietly changed the formula few would have noticed. By rebranding they essentially shouted the change and alienated their base.
My final wording:
GM, don't touch my brand. The brand owner is ultimately responsible; Period./MT

 

[The "new" GM : General Motors Company] GM Plans to Close Saab After Sales Ta...


GM Plans to Close Saab After Sales Talks Collapse

By NELSON D. SCHWARTZ
Published: December 18, 2009
Saab, which earned a loyal following over six decades with its stylish but idiosyncratic cars, failed to attract the buyer it needed most — a new owner for the company — leaving General Motors little choice but to announce Friday that it would shut down the brand.
Bigger car companies, which have been struggling with steep losses of their own, showed no interest because Saab was too small even though the brand is well regarded.
The last hope for Saab, which General Motors took control of in 1990, had been Spyker Cars, a tiny Dutch maker of high-end sports cars.

But some G.M. officials said that Spyker’s reliance on Russian financing for the Saab deal was a major factor in its decision to walk away. “We discovered this week that there were issues that couldn’t be resolved and no additional time would overcome that,” said John F. Smith, a General Motors executive vice president.
He added that G.M. would still be willing to consider selling Saab if a new buyer were to emerge. If that does not occur, the process of winding down Saab will begin in January. “I can’t rule it out, but the clock starts now,” he added.
Saab, which filed for bankruptcy protection in Sweden in February, has been a perennial money-loser.
It is among G.M.’s smallest brands, with sales of 93,000 vehicles worldwide last year, with just under 22,000 in the United States. G.M. also closed its Pontiac and Saturn brands this year.
Besides throwing the fate of some 3,500 Saab workers in Trollhattan, Sweden, into doubt, Saab’s expected closing also was more troubling news for Sweden’s industrial base.
Another famous Swedish automaker, Volvo, is being sold by Ford to Zhejiang Geely Holding of China. Both Volvo and Saab are based in the west of Sweden, and the region has a deep network of suppliers and contractors that will also be affected. “This is of course a major blow to Sweden, though it wasn’t unexpected,” said Cecilia Werner, communications director for the Swedish Agency for Economic and Regional Growth.
She said there were nearly as many Swedes whose jobs were indirectly dependent on Saab as there were Saab employees. Moreover, she said, the company’s long history and distinctive automobile designs have made it part of the Swedish identity, especially overseas.
“They say ‘Ikea, Abba, Volvo and Saab,’  ” Ms. Werner said. “This company has been a part of Swedish pride, along with Volvo.” In the auto world, as in Sweden, the announcement Friday was greeted more with sadness than with surprise.
Besides losing money for years, Saab was always on the periphery of G.M.’s empire. In the last year, management in Detroit had made it clear it wanted to dispose of the company.
In a conference call, Mr. Smith repeatedly declined to specify what problems came up during the due diligence process at Spyker.

An earlier deal to sell Saab to Koenigsegg, a Swedish maker of specialty sports cars, collapsed last month.According to people close to the negotiations, G.M. was concerned about Spyker’s Russian financial backers as well as the fate of G.M.’s technology and other intellectual property under Spyker. The people declined to be identified because they were not authorized to speak publicly about the talks.
The main investor in Spyker is the Russian bank Convers Group, which is controlled by Alexander Antonov, a Russian tycoon. His son Vladimir, a 34-year-old banker who is a top executive at Convers, is chairman of Spyker.
Last month, G.M. pulled out of a deal to sell its European Opel and Vauxhall operations to a consortium led by Magna International, a Canadian maker of auto parts. The consortium was backed by the Russian state-controlled bank Sberbank.
“They’d been down the road with Russian investors before and that gave them reason for caution,” said one official, who insisted on anonymity because he was not authorized to speak publicly. “There was no visibility on when that might have been resolved.”
Another snag was the question of whether Spyker could qualify for a 400 million euro ($573 million) loan from the European Investment Bank that was part of the earlier deal to sell Saab to Koenigsegg.
A spokesman for Spyker declined to comment on the question of the company’s Russian ties, as did a spokesman for G.M.
In a statement, the chief executive of Spyker, Victor Muller, seemed to put the blame on G.M. for dragging its feet. “We sincerely regret that we are not able to complete this transaction with G.M.,” Mr. Muller said. “We worked 24/7 for three weeks, but the complexity of the transaction in combination with the strict deadline simply did not allow us to complete the transaction.”
Saab will continue to honor warranties, while providing service and spare parts to current Saab owners around the world.

Nick Reilly, the president of G.M.’s European operations, said that the move was not a bankruptcy or forced liquidation, so he expected Saab to pay its debts, including those of suppliers. In all, 1,100 dealerships worldwide will be affected, including about 200 in the United States.
G.M. initially bought half of Saab in 1990 for $600 million, acquiring the rest in 2000 for $125 million. Under G.M.’s stewardship, Saab lost a large part of its Swedish identity as well as the technical prowess that earned it a loyal following in the 1980s.
“People will say they’re sad to see it go, but what they’re lamenting is the Saabs from the ’70s and ’80s,” said James Bell, executive market analyst for Kelley Blue Book.
“Since the mid-’90s it’s been a pretty irrelevant brand,” Mr. Bell said. “The only reason people would be excited about buying a Saab would be if someone was an enthusiast of the brand. And I think Saab was even pushing their patience.”


December 18, 2009, 9:43 AM
G.M. Closes the Book on Saab
The two leading suitors for Saab were small supercar makers. Koenigsegg has less than 50 employees. Spyker builds around 50 cars a year.
On Thursday, a friend described watching someone he knew repeatedly attempt and fail at an activity as “watching an animal slowly bleed to death.” I think the phrase also applies to following Saab’s final months. On Friday morning, General Motors ended the agony by announcing it was winding down the Swedish brand.
“We regret that we were not able to complete this transaction with Spyker Cars,” Nick Reilly, the president of G.M. Europe, said in a statement. “We will work closely with the Saab organization to wind down the business in an orderly and responsible manner. This is not a bankruptcy or forced liquidation process. Consequently, we expect Saab to satisfy debts including supplier payments, and to wind down production and the distribution channel in an orderly manner while looking after our customers.”
Earlier this week, G.M. had agreed to a deal with Beijing Automotive Industry Holding for the rights to the technology and tooling for the Saab 9-3 and 9-5 sedans.

Update | 10:20 a.m.

Spyker Cars has issued a news release on the failed deal talks with G.M. “We sincerely regret that we are not able to complete this transaction with G.M.,” said Victor Muller, the chief executive of Spyker Cars, in a statement. “We worked 24/7 for three weeks, but the complexity of the transaction in combination with the strict deadline simply did not allow us to complete the transaction timely. Our thoughts are with the wonderful management and employees of Saab in these challenging times.”


CLICK TO READ:

[The "new" GM : General Motors Company] Mark, Susan...What Do You Say About E...


Top GM Executives Share Their Opinions Of New/Interim CEO (And Chairman) Ed Whitacre
Dec. 14, 2009

A recent conference call with Mark Reuss (newly-appointed president of GM North America) and Susan Docherty (vice president of Sales, Service and Marketing) provided some more information about chairman and CEO Ed Whitacre – particularly his management style, personality, and goals for the company. Whitacre, who retired as chairman and chief executive officer of AT&T in 2007, was appointed chairman of the “new GM” on June 9 (2009). On December 1st, after the sudden resignation of Fritz Henderson, Whitacre also added CEO to his title. Since not much information was provided about Henderson’s departure, it has been speculated that Whitacre and Henderson bumped heads on many issues and that Fritz was ultimately shown the door. As such, many wondered whether Whitacre was going on a plain-old power grab – hoarding as much power to himself as possible. Reuss’ and Docherty’s comments during the conference call have revealed that the “power grab” rumor couldn’t be further from the truth.
Both executives spoke highly of Whitacre and said that he is very goal-oriented, genuine, and has high expectations for everyone at GM. Instead of a summary, here is the transcribed text from Mark and Susan:
Mark:
What I don’t want on my comments is to look like just because I just got promoted, that I’m in love with the new CEO…. this guy is one of the most honest, genuine people that I’ve met. And forget about whether it’s in the auto industry or anything else he is a terrific person and so that’s really important to me… and the integrity and the honesty and the straightforwardness is something that I personally value a lot… and I’ll leave it at that.
Susan:
… over the last 60 days in my role as VP of sales, I’ve had a chance to interact with him while he was the chairman of the board of directors… he’s obviously now added CEO to his title… my observations would be that he digs very deep into the organization and wants to unleash talent within the organization which I think is positive… I think that even though he does not consider himself an auto expert he asks great questions and from a personal standpoint I would say that he’s pretty clear that he expects people to perform… he wants positive business results and if he sees something that’s off track he’s gonna hold me in particular and I’m sure all executives accountable.. I happen to have a product right now that has a pretty ___-day supply and there isn’t a time that he doesn’t ask me about what it is that myself and the team are doing to go and resolve it and to be quite frank with you – I like being accountable for that… he’s not telling me how to solve the problem but he’s pretty clear with me that he expects me to solve it… and as a leader, there isn’t anything more that I could ask from him than to support me in that effort but I certainly know where I stand in terms of where his expectations are of me.
When asked whether they had any idea about Whitacre’s plan to remain as CEO and Chairman (emphasis on the CEO part), both Reuss and Docherty replied that they didn’t know.
VIA:

Dearly hope they ALL will succeed.../MT