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
Rick Wagoner quotes about
Today we are announcing a significant update on our plan to address our health-care burden, which is the cornerstone of our efforts to reduce structural costs by a $5 billion (US) run rate by the end next year.
I have given no thought to anything but turning the business around, ... I wasn't brought up to run and hide when things get tough.
Everybody's got a piece of it. What we're trying to do is look at each piece and say, 'Where are we really uncompetitive versus the people we run against?'... If we're out of line, that's what we need to work on. So, it may not be exactly the same sacrifice everywhere, but I think just about everybody's got a piece of it.
I've given no thought to anything but turning the business around, ... I wasn't brought up to run and hide when things get tough. I'm convinced that's the way that things get righted.
I think we'll probably pass Toyota in the U.S. on the workers-per-vehicle metric.
Jerry brings years of business experience and knowledge of the automotive industry to the GM board. We are pleased to welcome him to our Board.
I remember very clearly at the first budget review having a pretty direct conversation with the head of manufacturing... We began to get huge improvements in productivity and responsiveness. I got a chance to see that firsthand.
Over the last nine months we have been aggressively implementing our North American turnaround plan.
Our financial performance continues to be quite disappointing,
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,
Overall economic growth in Europe hasn't been robust and the car market hasn't been robust,
I think it's going to be silly not to take the competitive threat seriously. If we haven't learned any lessons from Japan and Korea, we deserve the things that befall us, ... On the flip side, the growth in China continues to be so strong that our guess is that most of the capacity in China will be used to meet Chinese needs.
Most of the model consolidation we've done is behind us. There will be some fine tuning.
will reduce the impact of plan changes on affected individuals.