Hold your tongue

9 October 2009 By Antony Currie Follow @AntonyMCurrie

As GM approaches 100 days since emerging from Chapter 11, chief Fritz Henderson is talking about an IPO. Fiat s Sergio Marchionne reckons Chrysler will be profitable in two years. Ford s Alan Mulally is talking up car sales. Antony Currie argues they re all a tad premature.

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Sunday October 18 marks 100 days since General Motors emerged from Chapter 11 bankruptcy protection.

In recent weeks the sale of GM's Saturn brand to Penske Automotive has fallen through but GM has finalised the sale of its Hummer brand to Sichuan Tengzhong Heavy Industrial. On October 7 GM announced that sales head Mark LeNeve had resigned from the company.

Meanwhile, Fiat chief executive Sergio Marchionne is to unveil his fiveyear plan for Chrysler, which he has run since Fiat received a 20% stake during Chrysler's bankruptcy. Marchionne said in a recent interview that he expects Chrysler to be profitable within two years. At the beginning of October Marchionne put Olivier Francois in charge of the Chrysler brand. Francois previously ran Fiat's Lancia brand.

Context News

Sunday October 18 marks 100 days since General Motors emerged from Chapter 11 bankruptcy protection.

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