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Obama used the expression "a bridge to nowhere" for the bridge loans to automakers, in the event the time was not used well to make necessary changes.
Grouped Articles
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
Detroit Gets Access to Bailout Funds
Wall Street Journal 12/13/2008
Wall Street Journal 12/13/2008
Bush Blinks on the Auto Bailout
Wall Street Journal 12/15/2008
Global Car Industry Fearful for Detroit
New York Times 12/16/2008
Chrysler to Shut Factories for a Month
New York Times 12/18/2008
Edward Whitacre is brought in by the Obama administration to lead GM's recovery. What sort of a man is he, and what do peers, experts and others think of him? Where is he from? A sleepy railroad town in Texas called Ennis where his father was alocomotive engineerfor 50 years, and who wanted his son to get the education that he himself had missed out on. Whitacre went on to Texas Tech in Lubbock mostly because it was $75 for tution. Through this story by Tim Higgins of the Detroit Free Press one can see the changes that are expected at GM. The kind of culture change where egotistical lead board members like George Fisher who called himself Eastman the Second at Eastman Kodak in 2008, is now the place where the throroughly informal with little ego Whitacre now walks around opnely talking to GM employees.
Grouped Articles
G.M. Report Illustrates Managers’ Disconnect
New York Times 06/08/2014
G.M.’s Board Is Seen as Slow in Reacting to Safety Crisis
New York Times 09/07/2014
GM Names Former AT&T Chief as Chairman
Wall Street Journal 06/09/2009
Next Chair is chosen for GM. Whitacre to lead after bankruptcy.
Detroit Free Press 06/10/2009
Auto outsider to lead GM board
Detroit News 06/10/2009
G.M. Chairman’s Task: Bring Fresh Perspective
New York Times 06/10/2009
Grouped Articles
After Bankruptcy, G.M. Struggles to Shed a Legendary Bureaucracy
New York Times 11/13/2009
Angst Over GM's Activist Board
BusinessWeek 12/10/2009
BusinessWeek 12/02/2009
New York Times 12/28/2009
Wall Street Journal 12/31/2009
GM's Bold Outlook: a Profit This Year
Wall Street Journal 01/06/2010
GM faces intense competition in a shrinking market. And building appeal to younger demographics customers is critical to GM.
Grouped Articles
Some G.M. Retirees Are in a Health Care Squeeze
New York Times 11/10/2008
Detroit Auto Makers Need More Than a Bailout
Wall Street Journal 11/10/2008
Wall Street Journal 11/10/2008
Skeptics Present Another Obstacle for GM
Wall Street Journal 11/12/2008
Wall Street Journal 11/12/2008
Auto-Industry Crisis Tests Obama
Wall Street Journal 11/08/2008
Ed Whitacre is blunt with Henderson and executives at GM, new product development faster than before 2 years instead of three, and market share north of 20%, get GM moving or be replaced. Efforts by the new management to payback $50 billion in loans to the U.S. government following the bailout of GM.
Grouped Articles
U.S. to Sell Rest of GM Stake by Year-End
Wall Street Journal 11/22/2013
U.S. Remaining Stake in General Motors
Wall Street Journal 12/10/2013
Wall Street Journal 11/02/2010
GM Could Be Free of Taxes for Years
Wall Street Journal 11/03/2010
GM: Whitacre's Way or the Highway
BusinessWeek 09/24/2009
After Bankruptcy, G.M. Struggles to Shed a Legendary Bureaucracy
New York Times 11/13/2009
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