The newly-appointed General Motors CEO Fritz Henderson won't attend the upcoming Shanghai Auto Show, a company spokesman said was quoted as saying today. The main reason for this decision is the press conference the new CEO will be holding today as the American automaker prepares to unveil a few more details regarding its restructuring plan.
"Business in the (United) States is his first priority right now," said Michael Albano, a spokesman at GM Asia Pacific, according to Autonews.
"He knows that China and Asia are important, and he was holding out till the last minute and hoping to make it, but it just didn't work out," he said.
Even since he joined the company, Fritz Henderson was deeply involved in General Motors' difficult restructuring process, with a shocking statement only days after he accepted the top role in the American car giant. Henderson said on April 1 that bankruptcy remains an option for GM, despite admitting that he'd prefer to get out of the crisis out of court.
"We will get the job done," he said according to The Detroit News. "We will do it out of court, or we will do it in court."
Moreover, Henderson insisted the car manufacturer must be ready for "tough actions", hinting that several cost cutting plans might be established in the next months.
"Now you have to make judgments about what your forecasts are, but you get to do two things. You have to do two things, and that's our responsibility. One, you've got to take the tough actions - you can't shirk them. You've got to deal with them because you have to get that done," he said in an interview for Autonews in early April.
"Business in the (United) States is his first priority right now," said Michael Albano, a spokesman at GM Asia Pacific, according to Autonews.
"He knows that China and Asia are important, and he was holding out till the last minute and hoping to make it, but it just didn't work out," he said.
Even since he joined the company, Fritz Henderson was deeply involved in General Motors' difficult restructuring process, with a shocking statement only days after he accepted the top role in the American car giant. Henderson said on April 1 that bankruptcy remains an option for GM, despite admitting that he'd prefer to get out of the crisis out of court.
"We will get the job done," he said according to The Detroit News. "We will do it out of court, or we will do it in court."
Moreover, Henderson insisted the car manufacturer must be ready for "tough actions", hinting that several cost cutting plans might be established in the next months.
"Now you have to make judgments about what your forecasts are, but you get to do two things. You have to do two things, and that's our responsibility. One, you've got to take the tough actions - you can't shirk them. You've got to deal with them because you have to get that done," he said in an interview for Autonews in early April.