The Big 3 are back on Capitol Hill today and are making their final plea for help asking the government to save them from bankruptcy and the economy from million of job losses. This is the fourth time that GM’s Rick Wagoner, Ford’s Alan Mulally, Chrysler’s Robert Nardelli and UAW’s President Ron Gettleginer have appeared before a Congressional committee.
The CEOs return after facing tough questions and criticism the last time they appeared before the House for not providing enough details on how they would spend the $25 billion and of course, why they flew into D.C. on their own private jets.
Washington seems to have warmed up to Detroit as the three CEO’s return with detailed plans that they submitted earlier this week, agreed to take $1 a year salary and drove up to the doors of Capitol Hill in hybrid vehicles. Gary Ackerman, D-New York, who initially raised the issue of the corporate jets, seemed to be more willing to help the auto industry.
“One does not always have a second chance to make a first impression. Welcome back,” Ackerman said. “The last time you didn’t get it. By coming up with this plan, maybe you do.
You can watch the hearing live on C-SPAN by clicking here.
Learn more about each automaker’s business plan: