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
address care elected health levels national officials proactive role state strategies welcome
We would welcome a more proactive role from elected officials at the national and state levels in broad-based strategies to address the U.S. health care crisis.
although eater education good
There are some things that I like, like education, wine, and I'd like to be a good cook, although I'm a pretty good eater now.
daily lessen loss share strategy year
Really, a lot of our share loss this year is a strategy to -- and I think it's the right thing to do -- lessen the daily rental fleet,
above america attention business direction except extreme gm moving north progress work
All of our business units except GM North America are on or above track, and that has the extreme attention of us all. Progress is moving in the right direction ... but we still have more work to do.
adjust burden cost costs exposed fully huge inability legacy line north operations structural weaknesses year
It was a year in which two significant fundamental weaknesses in our North American operations were fully exposed - our huge legacy cost burden and our inability to adjust structural costs in line with revenue.
bold designed further gm improve position step success transition
These bold initiatives are designed to immediately improve our competitiveness and position GM for long-term success and today's transition is a further step in that direction.
gm north quarter
The first quarter represented an important milestone in GM and GM North America's turnaround.
brands car decent job models number products reduced segment showing side strategy work
If you look from 1992 to 1997, we've really reduced the number of car models from more than 100 to about 81. Our strategy is to have the right number of products. Segment the brands better. There's a lot of work being done on the distribution side of the business. And the data's showing that our new products are doing a very decent job in the market.
industry mix products reflects reliance sales shifting
The industry sales mix is shifting away from the larger, higher-profit vehicles, even pickups, ... reflects too much reliance on those products for profitability.
additional built creating current employees focus gain gm helped improve key led market marketing markets mike prove relationships share strong team useful
In his current assignment, Mike has led the team that has helped GM gain back market share in California. He's built strong relationships with dealers and employees in creating marketing initiatives, all of which should prove especially useful as we focus on additional key markets where we need to improve GM's performance.
broad business businesses costs good range
As we look at the responsibilities we have to a broad range of constituents, as we look at what we need to do to make the business successful, as we look at our businesses around the world, we think there are significant costs to bankruptcy. We don't think it's a good option.
elements four north pleased progress quarter results turnaround
We're pleased to see the significant progress in our first quarter results and in the implementation of all four elements of our North American turnaround plan.
business highlights model products profit reliance weaknesses
This really highlights one of the weaknesses of our business model is too much reliance on those products (large SUVs and pickups) for profit and not enough profitability from those other products,
assemble build fill finished pickup production products rather sell ship
We've been able to use NAFTA. We import a lot more products to fill niches. We don't have to assemble them locally. We've consolidated a lot around pickup trucks. Rather than build everything to sell in Mexico, you can ship finished products back and forth. You get the production efficiencies of scale.