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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Rick Wagoner

Rick Wagoner stories: 41 news summaries

21 - 40 of 41 Stories | << Prev 1 2 3 Next >>

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Scrambling,
GM Offers Equity for Debt

Wagoner needs strategy to win federal aid by Tuesday

Nov 30, 08 7:24 AM CST
(Newser) - GM officials are pushing bondholders to swap out the debt they hold for equity in the troubled corporation, reports the Wall Street Journal. The unique strategy represents a last-ditch attempt to stave off creditors and obtain federal aid to survive. A debt swap could leave unsecured debtholders with major losses.... More »

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bankruptcy • General Motors • auto industry • Rick Wagoner • financial crisis

GM Doesn't Want You Tracking Its Private Jet

Automaker asks feds to block public tracking of plane leased for execs

Nov 27, 08 3:05 PM CST
(Newser) - General Motors doesn’t want the public tracking a private jet used by its executives, Bloomberg reports, asking the Federal Aviation Administration to block it from its public service. “We availed ourselves of the option as others do to have the aircraft removed,” said a GM spokesman, though... More »

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General Motors • auto industry • Rick Wagoner • bailout • private jet • financial crisis

GM Considers Axing Brands
to Win Aid

Pontiac, Saab, Saturn could go on
chopping block

Nov 27, 08 4:26 AM CST
(Newser) - General Motors is considering eliminating some of its brands in an effort to win federal aid, sources tell the Detroit Free Press. The automaker, sent back to Detroit by Congress and told to come back with a better business plan, is said to be considering all options, including ditching its... More »

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General Motors • Pontiac • auto industry • Rick Wagoner • bailout • Hummer

GM Needs a Hand From Unions, Lenders

Automaker scrambles to retrench ahead of Congress' deadline

Nov 24, 08 9:43 AM CST
(Newser) - General Motors is revving up its efforts to prove to Congress it can survive if it receives a multibillion-dollar federal loan, reports Bloomberg. The automaker is asking unions to ease work rules, attempting to reduce its debt load, and considering cutting brands from its lineup as it tries to stretch... More »

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Nancy Pelosi • General Motors • auto industry • Rick Wagoner • financial crisis

GM Board
Would Consider Bankruptcy

Directors differ with CEO Wagoner as automaker struggles

Nov 22, 08 8:11 AM CST
(Newser) - Some General Motors’ directors are willing to consider bankruptcy protection as an option for the failing automaker, the Wall Street Journal reports, marking an unusual disagreement with CEO Rick Wagoner. Wagoner told Congress repeatedly this week, in seeking an immediate financial bailout, that reorganizing through a Ch. 11 bankruptcy is... More »

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Congress • bankruptcy • General Motors • Rick Wagoner • bailout • board of directors • auto bailout

GM Shrinks
Fleet of Corporate Jets

Automaker, pilloried on Capitol Hill, is retiring two of five planes

Nov 21, 08 1:38 PM CST
(Newser) - After facing turbulence on Capitol Hill over its corporate jets, General Motors is cutting two aircraft from the ranks, the Detroit News reports. “This is strictly the result of drastic cutbacks in travel around the globe,” said a spokesman. The automaker, which began this year with seven jets,... More »

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General Motors • Detroit • Ford • Alan Mulally • auto industry • Rick Wagoner • bailout • private jet • financial crisis

Obama Team Weighs Streamlined Auto Bankruptcy 

A 'prepackaged' plan likely would include government financing, take less time

Nov 21, 08 10:55 AM CST
(Newser) - Barack Obama’s transition team is looking at a streamlined, “prepackaged” bankruptcy for the Big Three automakers, Bloomberg reports. In a “prepack,” the companies already would have financing lined up when they go to court, and would have to reach agreements with banks, workers, and suppliers. The... More »

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Barack Obama • Chrysler • General Motors • Ford • Alan Mulally • Robert Nardelli • auto industry • Big Three • Rick Wagoner • bailout • transition team • President Obama • prepackaged bankruptcy

 Bailout Wait 'Nerve-Wracking' 

Hearings 'more hostile than expected,' says Wagoner

Nov 21, 08 1:50 AM CST
(Newser) - Two grueling days of congressional hearings on a bailout for the auto industry were "hostile" and the wait for an answer is "nerve-wracking," General Motors CEO Rick Wagoner told the Detroit News yesterday. GM is ready now to show Congress detailed restructuring plans to convince lawmakers to... More »

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Congress • bankruptcy • General Motors • Detroit • restructuring • auto industry • Rick Wagoner • bailout • economy • auto bailout

OPINION

 Big Three Worse 
 Than Somali Pirates 

Extortion done right in Detroit

Nov 20, 08 1:37 PM CST
(Newser) - Detroit’s pleas for a bailout sound an awful lot like blackmail to Bloomberg’s Mark Gilbert. Let GM fail, CEO Rick Wagoner told Congress, and the “level of economic devastation would far exceed” what Detroit is asking for. In other words, give us what we want, or the... More »

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Chrysler • General Motors • Detroit • Ford • Big Three • Rick Wagoner • bailout • financial crisis

OPINION

Wagoner: Why the US Should Bail Detroit Out

Detroit making better cars—and has broad roots in US economy

Nov 19, 08 10:40 AM CST
(Newser) - An aggressive agenda of cost-cutting combined with research and development of new technologies has reshaped the US auto industry in recent years, General Motors CEO Rick Wagoner writes in the Wall Street Journal. And with the industry’s deep, broad roots in the US economy, government aid will help it... More »

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General Motors • Rick Wagoner • bailout • financial crisis • auto bailout

(Newser) - The CEOs of the Big Three automakers told the Senate today that a $25 billion bailout of the industry is necessary to prevent "catastrophic" effects on the economy, the New York Times reports. “If the domestic industry were allowed to fail,” said GM's Rick Wagoner, it... More »

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Congress • Chrysler • Senate • General Motors • Detroit • Ford • Chris Dodd • Alan Mulally • Robert Nardelli • credit crisis • Rick Wagoner • Senate Banking Committee • bailout • auto bailout

TALK SHOW ROUNDUP

 Newt: Palin's 
 Not It in 2012 

Group of frontrunners will emerge, Former House Speaker predicts

Nov 16, 08 1:48 PM CST
(Newser) - Newt Gingrich predicts that Sarah Palin will not be the Republicans’ 2012 presidential nominee, the Hill reports. “I think that she is going to be a significant player,” the former speaker of the House told Face the Nation. “But she’s going to be one of 20... More »

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Newt Gingrich • General Motors • Jon Kyl • Tim Pawlenty • talk show • Carl Levin • Richard Shelby • auto industry • Carlos Gutierrez • Rick Wagoner • bailout • Sarah Palin • financial crisis • Election 2012 • President Obama

 GM-Chrysler Inch Closer to Deal 

Merger would create world's largest automaker

Oct 29, 08 1:57 PM CDT
(Newser) - General Motors and Chrysler have ironed out the major issues in their proposed merger, bringing the troubled giants a step closer to becoming the world's largest automaker. The deal's final form will depend on financing and government support—of which GM is requesting $10 billion—but both companies agree GM... More »

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Chrysler • Cerberus Capital Management • government spending • General Motors • merger • Rick Wagoner • US automakers • refinancing

GM-Chrysler Talks Pick Up Speed as Auto Sales Stall

GM, burning through $1B monthly, seeks a cash infusion, cost savings

Oct 17, 08 8:58 AM CDT
(Newser) - Talks of a General Motors-Chrysler merger are on the fast-track, the Wall Street Journal reports, with lenders pushing for a deal to be completed as soon as the end of the month. Amid a historically dismal month for US auto sales, GM is scrambling to shore up a bleeding balance... More »

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Chrysler • General Motors • merger • auto industry • Rick Wagoner • US automakers • cars

McCain Flips
on Emissions Standards

After favoring a national norm, candidate says states should decide

Jul 18, 08 3:37 PM CDT
(Newser) - John McCain seemed to flip-flop on auto-emissions standards today, telling a group of General Motors engineers he supported states’ rights to set their own levels, the Detroit News reports. McCain told the newspaper last month he supported a nationwide standard. Automakers support a national standard because they fear the expense... More »

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John McCain • General Motors • vehicle emissions • auto industry • Rick Wagoner • Chevrolet Volt • emissions standards • carbon emissions

GM to Announce New Round
of Major Cuts

$4 gas threatens workforce, car and
truck production

Jul 15, 08 2:37 AM CDT
(Newser) - General Motors is expected to announce another big round of cost-cutting measures today, Bloomberg reports. Insiders say the ailing automaker, hit hard as consumers leave gas-guzzlers standing in car lots, is likely to slash thousands of jobs and reduce production of trucks and SUVs for the second time in two... More »

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General Motors • auto industry • job cuts • vehicle • Rick Wagoner • Hummer

OPINION

 Volt Could Spark GM Bailout 

Electric car may be speedy route to green image—and help

Jul 2, 08 8:32 AM CDT
(Newser) - GM is about as likely to turn a profit with the Chevy Volt as the Edsel is to make a comeback, Holman W. Jenkins Jr. writes in the Wall Street Journal. But the ailing automaker may be aiming to improve its image rather than sell cars. With the automaker's image... More »

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General Motors • automaker • electric cars • auto industry • Rick Wagoner • Chevrolet Volt

 GM to Close 4 Truck/SUV
 Plants, Reassess Hummer 

Public taste turns away from big cars

Jun 3, 08 8:44 AM CDT
(Newser) - GM will close four of its North American truck and SUV factories, the company announced today, as the public interest in gas-guzzlers wanes. The Hummer brand is also under “strategic review,” with all options on the table, "from a complete revamp of the product lineup to a... More »

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General Motors • SUV • electric cars • auto industry • trucks • factories • Rick Wagoner • Hummer

GM Posts Industry Record $38.7B Loss

Company will offer buyouts to all 74K UAW workers in the US

Feb 12, 08 7:05 AM CST
(Newser) - General Motors today posted a $38.7 billion loss for 2007, the largest annual deficit ever for an automotive company, beating its own 1992 record of $23.4 billion. GM also struck a deal with the United Auto Workers on buyout options for the remaining 74,000 hourly UAW workers... More »

MORE ABOUT:
United Auto Workers • General Motors • Rick Wagoner

GM Offering Buyouts to 5,200 Workers

New round aims to slash labor costs

Dec 19, 07 5:59 AM CST
(Newser) - General Motors is offering to buy out another 5,200 hourly workers, the Detroit News reports. The automaker, worried that the slowdown in auto sales will carry into next year, is keen to get veteran workers out the door and lower-paid new workers in. Over 34,000 blue-collar workers left... More »

MORE ABOUT:
United Auto Workers • General Motors • Detroit • labor • buyout • auto industry • Rick Wagoner

21 - 40 of 41 Stories | << Prev 1 2 3 Next >>


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