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AP Source: GM Chairman Whitacre to become permanent CEO; announcement set for later today
By Tom Krisher (CP) – 1 hour ago
DETROIT — General Motors Co. has scheduled a news conference this morning.
The Associated Press says it has been told by a source that Ed Whitacre Jr. will be named permanent CEO of the automaker.
Whitacre is chairman of GM's board of directors has been serving as interim chief executive officer since Dec. 1.
He took on the top management post when the board ousted former CEO Fritz Henderson. The company hired a search firm to find a permanent replacement.
GM says Whitacre will give an update on the company's business activities at the news conference.
A GM spokesman says the automaker still doesn't have a deal to sell its Swedish Saab brand, but it is still in talks with Dutch luxury car maker Spyker Cars.
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