Fritz Henderson, the CEO of General Motors, is set to resign. Chairman Ed Whitacre will serve as interim CEO. Update: According to Whitacre, the GM board has accepted Henderson's resignation.

We made fun of GM Chairman Whitacre's speech yesterday in Seguin, imploring him to make some news. He did. He asked for the Feds to help out (other than by providing billions of taxpayer dollars) by modifying executive pay caps.

GM's new chairman Ed Whitacre first made a splash pointlessly starring in a new GM commercial. Now GM's been forced to send out a release about an unimportant speech the Chief Self-Promotional Officer's giving at Texas Lutheran University.

The CTS Coupe's coming next year, the ATS and STS/DTS-replacing Cadillac XTS are in the works, but in Ed Whitacre's 60-Day Money-Back Guarantee commercial, there's a Caddy peeking out from under wraps. But which is it? Find out below.

Edward E. Whitacre, Jr., former chairman and CEO of AT&T, will become chairman of the "New GM" when launched later this summer. He will succeed Kent Kresa, another old, white man currently serving as interim chairman. Full release below.