October proved to be an unexpectedly good month for General Motors, the carmaker posting its first year-over-year U.S. sales increase since early 2008. In fact, things are looking notably better than the company anticipated when it emerged from its lightning dash through bankruptcy mid-year, said CEO Fritz Henderson.
But it’s also been a time of challenges and sudden, unexpected twists and turns, as was underscored by the GM Board’s decision to back out of the planned sale of a controlling interest in the German-based Opel subsidiary.
Those are some of the subjects Henderson touched on during a breakfast hour meeting at GM headquarters in the Detroit Renaissance Center, today. But the conversation also touched on a subject that clearly motivates the executive as he plans for the automaker’s hoped-for revival: paying back the tens of billions of dollars provided GM by the U.S. Treasury in an unprecedented bailout.