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The New GM: Day One

By Fritz Henderson
GM President and CEO

Today marks a new beginning for GM. The last 100 days have shown us that a company not known for quick action can move very fast, indeed. Starting today, we take the intensity, the decisiveness and the speed of these last several weeks and transfer them from the battlefield triage of the bankruptcy process to the day-to-day operation of the new company. This will allow everyone at GM, including me, to return to the business of designing, building and selling great cars and trucks, and serving our customers. And there is nothing we want to do more than that!

Going forward, I have three priorities for the new GM: customers, cars and culture. I list “customers” first because they are our top priority. For some time now, we haven’t been as focused on this simple point as we should have been. Now, we’re going to be obsessed with it – because if we don’t get this right, we don’t get to do anything else. It’s that simple.

Our second major focus is “cars.” To win, we need to stabilize and grow our business around the globe, and particularly in the U.S. – and that means building more of the cars, trucks and crossovers consumers want. To do that, we’re dropping the word “competitive” from our vocabulary. From here on, every product we make has to be judged by consumers as best in class. Anything less is unacceptable.

And third, we’re working to change the “culture” at GM, with a big focus on customers, speed, accountability and risk taking. We’re changing the structure of the company – flattening the organization, removing layers of management, driving broader spans of control and pushing decision-making authority to those closest to the customer. Business as usual is over at GM, and everyone associated with the company must realize this and be prepared to change… fast.

We’ve been given a rare second chance at GM, and we are very grateful for that. Going forward, our promise is simple: we will be profitable, we will repay our loans as soon as possible and our cars and trucks will be among the best in the world. We know we have to back these promises with results – and we will.

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