Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

GM Boss Hopes Senate Gets a Charge From His Hybrid

This time, GM's Wagoner drives Volt to hearings

By Peter Fearon, Newser Staff

Posted Dec 4, 2008 3:05 AM CST

(Newser) – Last time they went before Congress rattling tin cups, the chief executives of the Big Three automakers made the mistake of flying to Washington in luxuriously tricked-out corporate jets. Today GM chief Rick Wagoner is driving a fuel-efficient hybrid Chevy Volt prototype to Senate hearings... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

1 comment

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Miami Face-Eater Identified

Chagas Disease the 'New AIDS of the Americas'

Detroit Free Press (Source Grid »)

Bill to speed loans appears to be best prospect
Wall Street Journal

Preventing bankruptcies driving auto aid
Reuters

Money • Politics

Senate • General Motors • auto industry • hybrid car • Rick Wagoner • Chevrolet Volt • bailout • fiscal crisis

More Newser Stories

Big 3 CEOs Head Back to DC—This Time by Car

CEOs of America's automakers will renew plea for bailout today

(NEWSER) - The Big Three CEOs are heading back to Washington this week, and this time two of them will be driving, the Wall Street Journal reports—Alan Mulally in a Ford Escape hybrid, and Rick Wagoner in a Chevrolet Malibu hybrid. The CEOs will attempt Thursday to persuade Congress to extend them $25 billion in low-cost loans, based on reorganization plans to be submitted today. More»

Calls Build for GM's Wagoner to 'Move On'

Dodd, Obama hint a change at the top is in order to get bailout

(NEWSER) - Sen. Chris Dodd wants General Motors CEO Rick Wagoner “to move on” and a new management team in place if a government bailout is going to move forward, reports the Wall Street Journal. While not making it an outright condition for a rescue package, the Connecticut Democrat told CBS’ Face the Nation that "You've got to consider new leadership." More»

Big 3 Execs Finish With Senate

CEOs to make their case to the House tomorrow

(NEWSER) - The CEOs of the Big Three wrapped up a six-hour session with the Senate Banking Committee during which they asked for a minimum of $34 billion in aid, the Washington Post reports. Chairman Chris Dodd vowed to draft a bill “in the next 24-48 hours" that stood a chance of passing both houses and ducking a Bush veto. The execs face the House Financial Services Committee tomorrow. More»

Big 3 Would Agree to Oversight if Bailed Out

CEOs admit bad management

(NEWSER) - Detroit’s Big Three automakers would accept federal oversight in return for financial support, the Wall Street Journal reports. The chiefs of GM, Ford, and Chrysler all said that they would accept a bailout styled after that of Chrysler in the late ‘70s, which put the firm under the supervision of a federal agency. More»

GM, Chrysler Mull 'Packaged' Bankruptcy to Get Bailout

Execs say that's 'way down the list,' but Detroit desperate for federal bailout

(NEWSER) - Bankruptcy is officially on the table for General Motors and Chrysler, a source tells Bloomberg. The companies may accept a pre-packaged bankruptcy, which would force the union and creditors to make concessions, in order to get government help. At least three congressmen have had their staffs explore the possibility. GM CEO Rick Wagoner has argued against bankruptcy, saying it would force the company to liquidate. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

GM Boss Hopes Senate Gets a Charge From His Hybrid

This time, GM's Wagoner drives Volt to hearings

Senate • General Motors • auto industry • hybrid car • Rick Wagoner • Chevrolet Volt • bailout • fiscal crisis

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Big 3 CEOs Head Back to DC—This Time by Car

CEOs of America's automakers will renew plea for bailout today

Calls Build for GM's Wagoner to 'Move On'

Dodd, Obama hint a change at the top is in order to get bailout

Big 3 Execs Finish With Senate

CEOs to make their case to the House tomorrow

Big 3 Would Agree to Oversight if Bailed Out

CEOs admit bad management

GM, Chrysler Mull 'Packaged' Bankruptcy to Get Bailout

Execs say that's 'way down the list,' but Detroit desperate for federal bailout

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?