Rick Wagoner

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Dear GM..Your Lease is Up.

Hal Sparks | Posted 04.30.2009 | Business

Read More: Auto Bailout, Zenn-Car, Tesla Motors, Ev1, The Big Three, Gm, Auto Industry, Rick Wagoner, Business News

If these GM guys -- and they are all guys -- had spent half the time running these companies as if they had a future -- we would not even be discussing them.

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Fritz Henderson May Not Last Long At GM

Financial Times | John Gapper | Posted 04.30.2009 | Business

Read More: Ceo Gm Fritz Henderson, Rick Wagoner Fritz Henderson, Fritz Henderson, Fritz Henderson Rick Wagoner, Rick Wagoner, Fritz Henderson Ceo Gm, Business News

The departure of Rick Wagoner as chief executive of General Motors was inevitable once Barack Obama's auto taskforce had concluded that it did not bel...

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GM CEO Rick Wagoner's $20 Million Retirement Package

ABC News | MICHELLE LEDER and JUSTIN ROOD | Posted 04.30.2009 | Business

Read More: GM CEO Fired, Rick Wagoner Retirement Deal, Rick Wagoner Barack Obama, Rick Wagoner Resignation, Rick Wagoner, Rick Wagoner Fired, GM CEO Resigns, Auto Bailout, GM CEO, Business News

Rick Wagoner will leave his post as CEO of bailed-out General Motors with a $20 million retirement package, the company's financial filings show. A...

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Fear and Anger in Michigan

Jeffrey Feldman | Posted 04.30.2009 | Politics

Read More: Jennifer Granholm, General Motors, Auto Industry, Barack Obama, Rick Wagoner, Michigan, Detroit-Michigan, Politics News

Fear and anger are rising in Michigan. New York gets what it wants, when it wants it, from Washington; Michigan gets slapped in the face.

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Obama Announces GM, Chrysler Restructuring Plan (FULL TEXT)

The Huffington Post/AP | Posted 04.30.2009 | Politics

Read More: Fritz Henderson, Obama Live Video, Obama Automakers, Detroit Electric, 100 Days, Gm, Obama, Rick Wagoner, Chrysler Fiat, Obama Gm, Obama Video, Detroit-Michigan, Politics News

President Barack Obama said Monday that neither General Motors nor Chrysler has proposed sweeping enough changes to justify further large federal bail...

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Adam Posen: A Financial Lesson From Japan's 'Lost Decade' Is Lost On Obama

Diane Tucker | Posted 05.19.2009 | World

Read More: Savings and Loan Crisis, Adam Posen, Economic Crisis, President Obama, Diane Tucker, Recession, Global Financial Crisis, Japan Recession, G-20 Summit, Economic Stimulus Package, U.S. Financial Crisis, Japan's Lost Decade, Tim Geithner, Recession Fears, Global Recession Fears, Peterson Institute for International Economics, Resolution Trust Corporation, House Financial Services Committee, Rick Wagoner, Auto Bailout, General Motors, Japan, G-20, World News

On the eve of the G-20 economic summit in London, I spoke with Adam Posen, who wrote the book on the mistakes Japanese policy makers made during their lost decade.

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Rick Wagoner, GM CEO, Will Step Down At Obama's Behest

Huffington Post/NYT/CNBC | Posted 04.29.2009 | Business

Read More: Rick Wagoner Resigns, Rick Wagoner Stepping Down, White House Asks Wagoner to Step Down, General Motors, Obama Asks Wagoner, Rick Wagoner, GM CEO Rick Wagoner, Gm, Business News

UPDATE: The Obama administration asked GM CEO Rick Wagoner to step down, according to numerous reports. According to Politico: The Obama administr...

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AIG v. Detroit - Renegotiating Contracts

Steve Parker | Posted 04.18.2009 | Business

Read More: Congress, Boeing, Rick Wagoner, United Auto Workers, Barney Frank, Cars, Job Bank, Harvard, Aig, Wwwtalkradioonecom, General Motors, Dodge Challenger, Fiat, Sema, Bob Nardelli, Allstate, Tarp, Elijah Cummings, 2010 Chevrolet Camaro, Alan Mulally, Detroit Three, Dearborn, Washington DC, Ford Motor Co, Las Vegas, Detroit Automakers, Chrysler, Chrysler Jeep, Wharton, Ron Gettelfinger, Yale University, Ford Mustang, Uaw, Edward Liddy, Business News

Congress could throw hundreds of billions at GM, Ford and Chrysler -- but how could the results be any different from what we see now?'

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GM, Chrysler Want Billions More

Steve Parker | Posted 03.21.2009 | Business

Read More: White House, Congress, GMC Truck, Saturn, Chrysler, Buick, Rick Wagoner, United Auto Workers, George W. Bush, Fiat, Cars, Chinese, Detroit News, Ford, American Recovery and Reinvestment Act of 2009, Lawrence Summers, New York Federal Reserve Bank, General Motors, Brembo, Mini, Delphi, Charlie Rose, GMAC Bailout, 2010 Chevrolet Camaro, Uaw, Penske Automotive Group, Detroit Three, Chevrolet, Moody Blues, Mitt Romney, Pontiac Solstice, Mitsuoka Motor, Roger Smith, Frankfurt International Auto Show, Pontiac, Ferrari, Saab, Tokyo Motor Show, Bmw, Smart Car, Wall Street, Dodge, Tim Geithner, President Obama Administration, Henry Paulson, Hummer Sale, Hollywood, Cadillac, Firebird, Miata, Auto Bailout, Business News

Incidentally, GM got another $4 billion Tuesday after turning in their plan. Were you ever rewarded that much just for doing your homework?

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Madoff Blames Ponzi Scheme on Youth, Immaturity

Andy Borowitz | Posted 02.17.2009 | Business

Read More: Hendrick Hertzberg, Andy Borowitz, Chimps, Chrysler, General Motors, Jonathan Alter, Rick Wagoner, Cayman Islands, Ponzi Scheme, Judy Gold, Bank Bailout, Bernie Madoff, Bernard Madoff, Alex Rodriguez, Business News

Madoff pleaded for understanding, explaining, "You do all kinds of crazy things when you're at an impressionable age like 60 or 61."

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Some Good -- and Fun -- Automotive News for the Holidaze

Steve Parker | Posted 01.24.2009 | Business

Read More: Cell Phones, Tarp, Automotive News, Good Sam Club, Chevy Volt, Troubled Assets Relief Program, Tata Motors, Honda Accord, Rose Parade Committee, Chrysler, Rick Wagoner, Honda, Federal Reserve, Cars, F1, The Oscars, Ford, FCX Clarity, General Motors Acceptance Corporation, Gmac, Representative Sandy Levin, Senator Carl Levin, Jean Shepherd, General Motors, Japanese Cars, Suburban, Hyundai, Christmas, Pasadena Rose Parade, Nobuhiko Kawamoto, GMAC Bailout, Jaguar, Hyundai Excel, Toyota, Chevrolet, Washington DC, American Honda, Land Rover, Red Ryder Bb Gun, Floorplanning, Formula One, Chevrolet Cruze, Asimo, Daisy Red Ryder Bb Gun, Landline Phones, Rolls-Royce Phantom, Honda Super Cub, Pasadena, Santa Claus, Subaru, Hawaii, Business News

Really wish there were better news to post about, but the auto industry is reeling worldwide, and there's no better example than Toyota.

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Bush Punts Auto Industry to Team Obama; UAW Concedes Even More

Steve Parker | Posted 01.19.2009 | Business

Read More: Tarp, Automotive News, Msnbc, Wall Street Bailout, Union-Busting, Troubled Assets Relief Program, Chrysler, Right to Work, United Auto Workers, Rick Wagoner, Honda, Cars, Detroit News, Ford, Automaker Viability Plan, Auto Bailout, GM VP CFO Ray Young, General Motors, Richard Shelby, Two-Tier Pay, Chrysler Viability Plan, President Bush, Foreign Transplant Factories, Ford Viability Plan, Detroit Bailout, Bob Nardelli, Automaker Bailout, Uaw, Robert Reich, Managed Bankruptcy, Default Car Czar, Alan Mulally, Detroit Three, GM Viability Plan, Clinton Administration, Barack Obama, Rachel Maddow Show, Alabama, Asimo, Bush Administration, Wall Street, Detroit Three Loans, Auto Supplier Companies, Big Three Viability Plan, Secretary of Labor Reich, Henry Paulson, Car Czar, Treasury Secretary, Jobs, Unemployment, Labor Unions, Detroit Bailout Reaction, Unions, Business News

This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.

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White House Still "Gathering Information" While Detroit Suppliers go Bankrupt

Steve Parker | Posted 01.18.2009 | Business

Read More: Toyota Camry, Chapter 11, White House, Thailand, Troubled Assets Relief Program, Flint, Chrysler, Rick Wagoner, United Auto Workers, Cars, Detroit News, Arizona, Facebook, Ford, Detroit Newspapers, Key Plastics, Los Angeles Auto Show, Mark Fields, Southern California, Larry King, Daewoo Lacetti, General Motors, Japanese Cars, Ford Flex, President Bush, Carl Levin, President-Elect Barack Obama, China Brilliance, Uaw, Bankruptcy, Gm, Minivan, Alan Mulally, Special Devices, Detroit Three, Gran Torino, Detroit Free Press, Washington DC, Sandy Levin, Clint Eastwood, Chevrolet Volt, Chevrolet Cruze, Bill Ford, TARP and Auto Bailout, Henry Ford, Detroit Three Loans, South Korea, European Cars, Henry Paulson, Sabic, Detroit Bailout, Automaker Bailout, Detroit, Big Three Automakers, Detroit Automakers, Unions, Auto Industry, Automakers, Jobs, Bailout, Unemployment, The Big 3, Labor Unions, Detroit Bailout Reaction, Detroit Auto Show, Business News

Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.

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Modern Joads

Jeff Danziger | Posted 01.11.2009 | Business

Read More: Chrysler, Automaker Bailout, Gm, US Automakers, Rick Wagoner, Ford, Cars, Nardelli, Alan Mullaly, Political Cartoons, Big Three Automakers, The Big Three, Joads, Detroit Bailout, Big Three Private Jets, Detroit, Grapes of Wrath, Detroit Bailout Reaction, Business News

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Big Three Automakers to Give Every American a Free Car

Billy Kimball | Posted 01.10.2009 | Politics

Read More: Big Three, Chrysler, Auto Bailout, General Motors, Rick Wagoner, Ford, Christopher Dodd, Free Car, Richard Shelby, Detroit Bailout Reaction, Detroit Bailout, Politics News

The plan, dubbed the "Unprecedented Winter Sales Event" in internal company documents, was reportedly the brainchild of a marketing team at Chrysler, the most beleaguered of the Big Three.

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Ha! Would You Buy A Car Designed By OUR Government?

Diane Tucker | Posted 01.09.2009 | Business

Read More: Automaker Bailout, Gasoline Prices, Wall Street Crisis, Big Three Automakers, Chrysler, General Motors, David Cole, Robert Nardelli, Alan Mulally, Rick Wagoner, Cars, Chris Dodd, Ford Motor Company, Diane Tucker, Financial Crisis, Business News

Thanks to CEO Alan Mulally, Ford made a profit in the first quarter of 2008. What's more, Mulally saw the credit crisis coming and fought to get a line of credit for Ford way back in 2006.

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Detroit's Next Step; Analysis of Rescue Proposal Here

Steve Parker | Posted 01.09.2009 | Business

Read More: New United Motor Manufacturing, Bob Nardelli, Congress, Uaw, Meet the Press, Toyota, Pontiac Vibe Hatchbacks, Chrysler, Gm, Alan Mulally, Rick Wagoner, Barney Frank, Detroit Three, Three Tenors, Detroit Free Press, Cars, Chris Dodd, Ford, Corvette, Bob Lutz, Tom Brokaw, General Motors, Detroit Three Loans, Pontiac GTO, Nancy Pelosi, Washington, Harry Reid, Pontiac G8, Detroit Bailout, Nummi, Auto Bailout, Auto Industry, Business News

It's always nice to own part of any failing automotive giant from the last century, if the companies are still not viable three, six or even twelve months from now, what will taxpayers' ownership be worth?

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Detroit Drives to DC and Dr. Deming Invents Japan

Steve Parker | Posted 01.06.2009 | Business

Read More: Congress, Pontiac Silver Streak Woodie Wagon, Troubled Assets Relief Program, Class Warfare, Hemi Hybrids, Cars, Infrastructure Repair, Infrastructure, Green Cars, Hydrogen Fuel-Cell Vehicles, Hydrogen Fuel Cell, Hybrid Cars, Daihatsu Naked, Ipod, Subway, Ucla, Detroit Three, Chicago Cubs, Detroit CEOs, W. Edwards Deming, Detroit Automakers, Green Infrastructure, Bullet Trains, US Capitol, Monorail, Jeep, Japan, Mitsubishi Mirage, Light Rail, Tarp, Wall Street Bailout, Chrysler, Rick Wagoner, President Obama, Ford, Las Vegas Hilton, Dodge Durango Hybrid, Bob Lutz, Southern California, Credit Markets Tight, Japanese Cars, Robert Nardelli, Electric Cars, Washington, Detroit, Congressional Oversight, Plug-in Hybrids, President Bush, Detroit Bailout, Chrysler Aspen Hybrid, Gas Electric Hybrids, Daihatsu Charade, Uaw, Gm, Alan Mulally, Electric Car Infrastructure, National Infrastructure, Dr. W. Edwards Deming, Mitsubishi Precis, Wall Street, US Marines, Hitachi, Lourdes, Narita, Business News

We've had enough threats from our sworn enemies -- we don't need them from Detroit executives. These CEOs and their boards of directors must go, whether by car or jet or skateboard, they must go.

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GM Viability Plan Cuts Saab, Pontiac, Saturn, Executive Pay

Huffington Post | Posted 01.04.2009 | Business

Read More: Automakers, Financial Crisis, Automaker Bailout, GM Viability Plan, Gm, Rick Wagoner, Business News

At least one analyst thinks that GM's viability plan, which it is submitting to Congress today, is strong enough to win some converts in Congress: A ...

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Carmakers' bailout pleas hit Senate skepticism

AP | JULIE HIRSCHFELD DAVIS | Posted 01.04.2009 | Business

Read More: Automakers, Automaker Bailout, Robert Nardelli, Alan Mulally, Finance, Ceos, Rick Wagoner, Economy, Cars, Financial Crisis, Big Three CEOs, Business News

WASHINGTON — Desperate U.S. automakers ran into fresh obstacles from skeptical lawmakers Thursday as they appealed with rising urgency _ and a n...

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Big Three CEOs Drive Hybrids To Washington (VIDEO)

CNBC | Posted 01.03.2009 | Business

Read More: Automakers, Big Three, Automaker Bailout, Video, Robert Nardelli, Alan Mulally, Rick Wagoner, Economy, Cars, Financial Crisis, Big Three CEOs, Business News

CNBC's "Power Lunch" created a funny animation of the Big Three CEOs -- Alan Mulally of Ford, Rick Wagoner of GM and Robert Nardelli of Chrysler -- dr...

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Car Sales Tank; Detroit Visits DC, Pt. II

Steve Parker | Posted 01.02.2009 | Business

Read More: Cars, George Bush, Roger and Me, Automotive News, Spring Hill, Wall Street Bailout, Congress, Australian, Saturn, Chrysler, Buick, Rick Wagoner, United Auto Workers, Russian Carmaker, Opel GT, $25 Billion Bailout, Honda, Ford, Volkswagen, Malibu Hybrid, Ev1, Bob Lutz, Indian Carmaker, Michael Moore, Saturn Vue, Washington, Tiger Woods, Detroit, Greenmail, Opel Kappa Platform, European Carmakers, Chrysler CEO, Pontiac Solstice Coupe, Bob Nardelli, Uaw, Toyota, Gm, Alan Mulally, AM General, Saturn Sky, Detroit Three, Chevrolet, American Honda, Deal or No Deal, Roger Smith, Gmc, Asian Carmakers, Escape Hybrid, Chinese Carmaker, Pontiac, Corvette, Saab, Wall Street, Detroit Three Loans, Bmw, Subaru, Republican, Hummer Sale, Henry Paulson, Europe, China, Cadillac, Holden, Auto Bailout, Business News

Now that they have our attention, the Detroit Three, in plans submitted to Congress Tuesday, increased their appeals for federal loans from $25 billion to $34 billion.

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Europe's, China's carmakers ask for help; Waxman wins key Congressional post

Steve Parker | Posted 12.23.2008 | Business

Read More: House of Representatives, Congress, Chrysler, America, Ford Mustang, Rick Wagoner, Cars, Gas/Electric Hybrid, John Dingell, Ford, Clean Diesel, Chevy Silverado, Dodge Durango Hybrid, Los Angeles Auto Show, Chevy Malibu Hybrid, General Motors, Robert Nardelli, Japanese Cars, Washington, Detroit, Mercury Milan Hybrid, Michigan, Chrysler Aspen Hybrid, California, Ford Fusion Hybrid, Alan Mulally, Detroit Three, Chevrolet, Henry Waxman, Democrats, House Energy and Commerce Committee, Senate, ABC News, Angela Merkel, Sub-Prime Mortgage Crisis, Asian, Opel, European, Business News

In a major win for all consumers, Democrats in the House of Representatives voted Thursday to put Rep. Henry Waxman of California in charge of a key p...

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Do It For Me, Matchbox Man

Logan Nakyanzi Pollard | Posted 12.22.2008 | Business

Read More: Gm, Alan Mulally, Rep Emanuel Cleaver, United Auto Workers, Rick Wagoner, Ford, Aston Martin AMV10, Ducati Motorbike, Sen. Bob Corker, Chrysler, Robert Nardelli, Michigan, Lamborghini, Ron Gettelfinger, Ford Mustang, Mini, Financial Crisis, Porche 911, Sen. Chris Dodd, Uaw, Detroit, Indiana, Big Three, Jet, Ceos, Fighter Jet, Nascar, Detroit Bailout, Automakers, Bailout, Automaker Bailout, The Big 3, Detroit Bailout Reaction, Big Three Automakers, Detroit Three, Cars, Detroit Automakers, Chysler, Auto Industry, Business News

From the fireworks in DC this week, you might think the auto crisis is out of your hands, but we're all complicit: government, CEOs, autoworkers, the public.

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