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Breaking news: Henderson out as GM CEO

General Motors CEO Fritz Henderson has either been removed or has resigned from his post by the company's board, and he will be replaced by GM Chairman Ed Whitacre on an interim basis while the company looks for a replacement. Trade publication Automotive News has reported that Henderson was ousted by the board, but other outlets are reporting that he resigned.

Henderson led the company out of bankruptcy after his predecessor, Rick Wagoner, was let go near the end of March.

It's unclear who will replace Henderson, but it's a safe bet that the search will take a while, perhaps even longer than the eight months that Henderson was in charge. Whitacre has indicated that he has no long term interest in the post.

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