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Tag Archive for 'Wagoner'Obama’s actual statements March 30th, 2009 by DaveAdmin
In their rush to send out key details of Obama’s auto plan, many journalists ignored important information. This is the full text; other documents are available from the White House. NBC: Obama Administration asked Wagoner to step down March 29th, 2009 by Bill Cawthon
According to NBC News, General Motors Chairman and CEO Rick Wagoner was asked to resign his posts by President Barack Obama’s auto task force as a condition of further federal aid the the struggling automaker. An unidentified source supplied the information to reporter John Yang. Chrysler and GM CEOs say they would be open to merger December 4th, 2008 by Bill Cawthon
General Motors Corp and Chrysler LLC said they would be open to a merger if the federal government required it as a condition for emergency financing. The statement came as GM Chief Executive Rick Wagoner and Chrysler Chief Executive Bob Nardelli were testifying before the Senate Banking Committee and would appear to revive the chances [...] Nardelli may drive to next meeting with Congress November 29th, 2008 by Bill Cawthon
Chrysler CEO Robert Nardelli may need to get an early start for his next appearance on Capitol Hill. Following the uproar over the private jets used by all three CEOs of the Detroit automakers when they came to Washington to ask for federal bridge loans, Chrysler spokeswoman Lori McTavish says other travel arrangements are being [...] Executives see no reason to sacrifice – except Nardelli November 19th, 2008 by DaveAdmin
Chrysler’s Bob Nardelli, when asked by Senator Jon Tester (Montana Democrat), said he would take a $1 per year salary, similar to Lee Iacocca’s 1979 sacrifice, if needed to get Chrysler’s $7 billion share of a proposed loan package. Big Three leaders make plea for (at least) another $25 billion November 6th, 2008 by DaveAdmin
The Associated Press reported that leaders of General Motors, Ford, Chrysler, and the UAW requested financial assistance from Congress. Specifically, the companies and union asked for $25 billion in federal loans to fund their contributions to health care trusts created in 2007, and for help in gaining access to the Treasury’s $350 billion bailout fund [...] Detroit News: GM to announce “important changes” on Friday November 5th, 2008 by Bill Cawthon
The Detroit News is reporting that General Motors will announce “important changes” to its operation on Friday. Citing an internal company email, the News says GM CEO Rick Wagoner and Fritz Henderson, the company’s President and Chief Operating Officer, will outline plans to address challenges “brought on by the volatile global economic situation.”. The email [...] |
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