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July 31, 2012
What's going on at GM?
Mickey Kaus is piecing together some media stories and discovers that GM is in a virtual meltdown, personnel wise: This wasn't supposed to happen until Nov. 7: It's like the last act of Titus Andronicus over at GM corporate headquarters. Two weeks ago, Opel chief Karl-Friedrich Stracke presented numbers to Dan Akerson. Akerson fires him. Opel gets two interim chiefs in a week. Last Thursday, Opel's new design chief Dave Lyon doesn't even start his job. Today, media in the U.S. and Germany report that Lyon had been escorted from the building and to a waiting car by GM's head of personnel. A day later, global marketing chief Joel Ewanick suddenly leaves. Instead of wishing him all the best for his future endeavors, GM spokesman Greg Martin puts a knife in Ewanick's back: "He failed to meet the expectations the company has of an employee." I'm having trouble understanding all this. I've been told that after its Rattnerized bailout GM is "back," a dramatic "success...(Read Full Post)