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
allow building business critical further phase position preserve
This transaction will allow us to preserve our business relationship, while further building up GM's already significant liquidity position during this critical phase of our turnaround.
allow building business continued critical forward further phase position preserve relationship
Our relationship is strong, and we look forward to our continued partnership. This transaction will allow us to preserve our business relationship, while further building up GM's already significant liquidity position during this critical phase of our turnaround.
agree american-businessman blow time whistle
We don't always agree on stuff, but when it's time to blow the whistle and start the game, we're not still debating.
chance interested level playing
We're not interested in a bailout, but we would like a chance to play on a level playing field.
american-businessman believe dollar exchange fair intervene japan massive practice rates
We believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.
believe dollar exchange fair intervene japan massive practice rates
We believe in fair exchange rates and Japan doesn't practice that, ... They have massive U.S. dollar reserves, and they use them to intervene regularly.
affect bigger combined consumer desires efficient fuel gasoline move people seen smaller trade
What I've seen around the world is if the regulatory desires are combined with things that affect consumer behavior - such as in Europe, they tax gasoline very heavily - you do get people to move to very fuel efficient cars; trade off bigger vs. smaller cars.
cost excited good moving news people price products successful supported
The good news is, we know what we need to do to be successful in the business. What we need to do is get products that people are excited about and price them the right way, supported by the right kind of cost structure, and I think in that sense it's moving pretty good.
closely confidence consumer determine economic effect last monitor outlook prepared production resilient somewhat soon vehicle
While vehicle deliveries were somewhat resilient last week, it is too soon to determine the effect on consumer confidence, ... We will closely monitor the economic outlook and will be prepared to make appropriate production adjustments.
america enhance fully future gm goes large maintain necessary north position recognize sounds viability
While this sounds like a large number, we recognize that it only goes part of the way we need to go to put GM North America in the fully competitive position that is necessary to maintain and enhance our future viability and growth.
amount changed influenced interested pays people power somebody understand value view
We know a lot about Daewoo. We think we understand what the value of Daewoo is to us. Our view on that will not be changed by or influenced by other people being interested in it. If somebody else comes and pays a whopper amount for it, more power to them.
auto business combined critical economic environment highlight juncture market pace poor quarters results scope three turnaround viewing
We are viewing the U.S. economic and auto market environment with considerable caution, ... That, combined with our poor business results in the first three quarters this year, really highlight that we are at a critical juncture in our company's history. And so we are accelerating the pace and scope of our turnaround actions.
cent couple double launch months per pleased products reaction sales three total
We are very pleased with the market's reaction to our launch products. In the first three months of the year, our new products accounted for about 30 per cent of our total sales ? more than double where we were a couple of years ago.
alter benefits current decided employees fair financial pension provide reduce risks
We have decided to substantially alter the pension benefits for current U.S. salaried employees so that we can provide a competitive and fair benefit but also reduce the financial risks to GM.