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
These markets are going to grow. They're going to have their ups and downs, just like the American market. But Asia will be the fastest growing area of the world.
Honestly, I can't tell you what I what I would be doing if I wasn't chairman of GM, because this is all I've done.
Generally, cars were not built to sit on dealer lots. It encourages the wrong kind of behavior in the whole system.
Despite some speculation to the contrary, we at GM are still moving. In fact, we're taking some big steps to get moving fast in the right direction.
In his current assignment, Mike has led the team that has helped GM gain back market share in California. He's built strong relationships with dealers and employees in creating marketing initiatives, all of which should prove especially useful as we focus on additional key markets where we need to improve GM's performance.
I'm not sure I'm going to make a lot of progress by scorekeeping everybody's sacrifice.
I'm not sure we think it's a win to talk about what you're taking out.
I own a huge number of shares of the company and have experienced the downside with our investors. I like it that way. That's the way it should be.
There was an almost an 80% decline one year from 640,000 vehicles to 200,000, and now it's grown back. Our share has grown a lot.
This is a very big step forward that we will build on, ... the single biggest cost reduction that we've probably been able to announce in a single day in the history of G.M.
The issue obviously gets ample attention and discussion on the board and we are well informed,
If you laid out the worst-case scenario, it could get very difficult for everybody,
If you look at our production schedule, we think we ought to be able to grow our sales. We feel good about our product, but there's no reason to put a target out there when nobody else does, and we get beat up on it.
If you look from 1992 to 1997, we've really reduced the number of car models from more than 100 to about 81. Our strategy is to have the right number of products. Segment the brands better. There's a lot of work being done on the distribution side of the business. And the data's showing that our new products are doing a very decent job in the market.