Ford and General Motors will sell their fleet of corporate luxury jets, the two struggling auto companies announced today.
The move comes two weeks after ABC News revealed Ford CEO Alan Mulally, GM CEO Rick Wagoner and Chrysler CEO Robert Nardelli traveled to Washington in private jets to plead poverty and ask Congress for $25 billion in taxpayer money. Click here to watch the story.
In a statement, GM said, "Due to significant cutbacks over the past months, GM travel volume no longer justified a dedicated corporate aircraft operation."
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