A national poll by CNN shows that six in ten Americans are against using taxpayer money to help Detroit’s Big 3. 61 percent of those surveyed in the poll said they are “dead set against” the government bailing out automakers – 36 percent were in favor of providing aid for GM, FoMoCo and Chrysler. Of [...]
GM’s CEO Rick Wagoner is ready to admit and show remorse of wrongdoings if Congress demands it in exchange for at least $34 billion in federal loans for the Detroit Big 3. “We made mistakes,” Wagoner told the Senate Banking Committee today, reports Automotive News. He said that GM made many decision that may have [...]
While the Chevrolet Malibu Hybrid was suitable for the long journey from Detroit to D.C., GM CEO Rick Wagoner is not giving up the chance to show off the company’s progress being made on the Chevrolet Volt plug-in hybrid. According to Automotive News, Wagoner will make an obvious attempt to impress lawmakers tomorrow morning by [...]
Joining FoMoCo’s Alan Mulally and Chrysler LLC’s Bob Nardelli, GM’s Rick Wagoner has said that he will also accept a $1 a year salary if his company receives federal aid from Congress. GM also said that it will further reduce the number of executives and total compensation paid to senior leadership. The largest domestic automaker [...]
Instead of flying the company corporate jet to Washington D.C., GM CEO will head to the congressional hearings in a company car – the Chevrolet Malibu Hybrid. Rick Wagoner will drive the 520-mile trip in a company-owned Chevrolet Malibu Hybrid sedan – whether Wagoner will be driving himself or have a chauffer drive him is [...]
