This Week’s Loser: General Motors

Can’t GM keep an exec?  The General has lost how many people in the past three weeks?  CEO Fritz Henderson bailed right out of nowhere.  Then came word Chevy head Brent Dewar flew the coop.  Right after the Dewar break came the shock that the Buick-GMC chief, Michael Richards, jumped ship after nine days on the job.

We contend Buick-GMC is a doomed asset, but Richards’s departure is shocking even for us cynics.  GM isn’t finding any love in Europe either, with Swede authorities demanding GM sell off Saab before the new year.  German treasury and trade officials–as well as the labor force–are equally hostile to the General maintaining ownership of Opel.  No rest at home, no rest abroad.

Shame no one wants to live in Detroit.