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Outside Pressure Grows for GM to Oust Wagoner
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Calls for GM CEO Wagoner's resignation by Senator Dodd, and Obama's statement on "Meet the Press" that if the management team thats currently in place is not willing to make the tough choices and adapt to the new circumstances then it should go. Obama described the approach of current management as a head in the sand approach thats been prevalent for decades now. Jerome York, an expert on the auto industry, called for the resignation of Wagoner and 5 members of the board who have participated in the disastrous decisionmaking and have been there for over 10 years. Austin Ligon, who retired as head of CarMax, also called for the resignation of Wagoner and the board members calling them a disaster.
GM (General Motors) Restructuring in 2009.
01/24/2008
After the first government loan General Motors begins serious restructuring in February 2009 as mandated in the loan terms. The government oversight over the restructuring.
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U.S. Auto Shares Plunge on a Grim Sales Forecast
New York Times 10/10/2008
Detroit Free Press 10/14/2008
General Motors, Driven to the Brink
New York Times 10/26/2008
How Detroit Drove Into a Ditch
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The new GM and the problems it will continue to face.
02/13/2006
GM faces intense competition in a shrinking market. And building appeal to younger demographics customers is critical to GM.
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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
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