General Motors Company’s Chairman Edward Whitacre, who has previously claimed he doesn’t know anything about cars, finally held a press conference ever since taking his new position. The former AT&T chairman and CEO said that GM will be introducing certain vehicles sooner than originally planned to fight for its market share.
“Our cash position is good,” Whitacre said. “We have some flexibility.”
GM, which emerged from bankruptcy on July 10, shed a lot of its debt and received $50 billion in federal aid. The automaker will...
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