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GM exits bankruptcy with vow to boost performance
GM completes swift bankruptcy exit aiming to make money and sell cars people want. CEO Fritz Henderson pled faster decision making, 8 member executive committee, 20 percent U S salaried staff cuts by year end, and a new eBay vehicle auction pilot. He emphasized a second chance and a customer focused, culture shift as GM stages a comeback from the downturn.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
New GM
Fritz Henderson
Henderson
General Motors Corp
U.S
Barack Obama
Rick Wagoner
Bob Lutz
Lutz
Nick Reilly
Shanghai
China
eBay
California
Edward Whitacre Jr