Rick Wagoner
Rick Wagoner
George Richard "Rick" Wagoner, Jr.is an American businessman and former Chairman and Chief Executive Officer of General Motors. Wagoner resigned as Chairman and CEO at General Motors on March 29, 2009, at the request of the White House. The latter part of Wagoner's tenure as CEO of General Motors found him under heavy criticism as the market valuation of GM went down by more than 90% and the company lost more than $82 billion USD. This led to his being...
NationalityAmerican
ProfessionBusinessman
Date of Birth9 February 1953
CountryUnited States of America
easy high plants quality
It's not an easy decision. We don't have many plants that aren't high quality and very productive.
exactly people piece run sacrifice trying versus work
Everybody's got a piece of it. What we're trying to do is look at each piece and say, 'Where are we really uncompetitive versus the people we run against?'... If we're out of line, that's what we need to work on. So, it may not be exactly the same sacrifice everywhere, but I think just about everybody's got a piece of it.
american-businessman beat check nba
The big and the fast beat the small and the fast. If you check out the NBA today, they're big and fast.
america improving market north reflect remain remains results share
The automotive market in North America remains very competitive, and our results reflect that, ... Improving market share and profitability remain an important priority.
car co2 dent electric fine
It's fine if you're making 1,000 or 2,000 of an electric car, and I think there is value in that in a lot of ways, but it's not going to have a big dent in oil consumption in the country, or CO2 emissions.
confident move
It's a big move ... We're confident that this is what it's going to take to get us going,
adjust burden cost costs exposed fully huge inability legacy line north operations structural weaknesses year
It was a year in which two significant fundamental weaknesses in our North American operations were fully exposed - our huge legacy cost burden and our inability to adjust structural costs in line with revenue.
clear current expect expenses government intend pick saying
I want to be clear I'm not saying we expect the government to pick these expenses up. I think they've made it very clear they don't intend to do that, at least the current administration.
auto bullish clear conditions economic economy environment globally industry market overall point prospects remain viewing
It's clear that the U.S. market and economic conditions have become significantly more uncertain. Overall we remain very bullish on the prospects for the auto industry in the U.S. and globally but at this point we are viewing the U.S. economy and auto market environment with considerable caution.
change diligently disclose errors fact fix mistakes work
The fact is that errors were made, and we can't change that. What we have done is disclose our mistakes and work as diligently as we can to fix them.
although eater education good
There are some things that I like, like education, wine, and I'd like to be a good cook, although I'm a pretty good eater now.
business highlights model products profit reliance weaknesses
This really highlights one of the weaknesses of our business model is too much reliance on those products (large SUVs and pickups) for profit and not enough profitability from those other products,
assemble build fill finished pickup production products rather sell ship
We've been able to use NAFTA. We import a lot more products to fill niches. We don't have to assemble them locally. We've consolidated a lot around pickup trucks. Rather than build everything to sell in Mexico, you can ship finished products back and forth. You get the production efficiencies of scale.
again among days decide decided expect forms interest next others ready step terms time various work
We're going to take some time here, think in terms of 30 to 60 days, to step back and decide the next step in this journey, ... There's interest among others for various forms of transactions. So we'll have options. We just haven't decided yet what makes the most sense for GM. In 30 to 60 days we'll be ready to try again with something that we expect will work this time.