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
There's been a consistency of approach and a consistency of execution. Moving to a common system and common metrics has really helped us.
One of our biggest challenges is our lack of cost-competitiveness in the United States, which is due to our legacy costs, especially the ever-increasing burden of high health-care expenses, ... Addressing this challenge in a fair and equitable way requires close work with our union partners, in addition to our ongoing work with government and health-care providers. Gary is the ideal person to do this.
That's silly. Fritz took the CFO job because I asked him to, and the board approved. It was a logical progression in his career and I hope Fritz continues to develop and grow. One of my most important jobs as chairman of GM is to identify and grow talent.
Oklahoma City, (which makes the mid-sized SUV) is a very good plant but a classic example of ... just having too much capacity in that segment, ... That's why that plant in on the list today. We don't have any plants left that aren't very high quality and quite productive. I'm sure I'm not going to satisfy any plant as why they've been chosen to be on the list.
Any time GM and UAW has something going on, we're all curious about how that may affect us,
It's a big move ... We're confident that this is what it's going to take to get us going,
Stan O'Neal has been a great asset on the GM Board and to General Motors management over his 5 years of service as a director. We are grateful for his many positive contributions to General Motors and wish him the best.
Our fate is going to be determined in the next three to five years on getting this business in the U.S. turned around and profitable,
It's not an easy decision. We don't have many plants that aren't high quality and very productive.
Overall economic growth in Europe hasn't been robust and the car market hasn't been robust,
These actions are necessary for GM to get its costs in line with our major global competitors,
These actions are necessary for G.M. to get its costs in line with our major global competitors.
Don has played a pivotal role in strengthening GM's global manufacturing competitiveness, ... His contributions provide an important foundation for our future as we continue to bring these world-class manufacturing processes to new plants and existing facilities around the world.
I've actually been saying I don't think anybody makes any money on hybrids, but that's not an accurate statement. Our bus hybrids can make money sometimes.