After weeks of brutal testimony in front of the idiot savants in Congress, the Obama administration has apparently decided to begin shooting the hostages!
Word around Detroit is that Wagoner has resigned today, in order to keep General Motors alive. I believe that Rick will be seen as the CEO that really did give his all to General Motors! .
Folks have to give Rick his due, he did an amazing job of expanding GM's footprint into the emerging markets in every corner of the world. Under his watch, GM is now the biggest manufacturer in China, Brazil, & we regained our lead in North America this year.
Rick got handed a raw deal by the bums in Washington & those thieving bastards in Wall Street's banking industry. Despite the chirping of clueless pundits & so-called experts, GM has been on a financial diet for the last 5-6 years. Wagner has forced GM to reduce its operating costs, its workforce, its capacity, & its overall fat. The Engineering Group that I work in used to be about 140 people, now we have 66, & we'll go down to 60 as a part of the "restructuring" for Washington. Lean & mean is the order of the day inside GM.
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I just wish that GM had more hits than miss's in the automobile world. So many poor design choices...Aztec, Reatta, Aussie GTO, ugly mini-vans, Saturns "one price" strategy, etc.
Symco ShakedownGM needs to survive... I think they need to bring in an outsider like Ford did with Alan Muhlaly... new ideas from outside the system.
I hope the Big 3 survive and prosper. This country needs them...
07:06 PM CST