Gm Says Ceo Will Drive To Washington

[fbachman]

 

 

GM grounds jet for Washington trip, says CEO will drive company car to appear before Congress

 

 

 

DETROIT (AP) -- This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.

 

Wagoner will drive in a Chevrolet Malibu hybrid sedan when he makes the 520-mile trek from Detroit to Capitol Hill, General Motors Corp. spokesman Tony Cervone said Tuesday.

 

Ford Motor Co. CEO Alan Mulally also is traveling by car from Detroit for his second appearance before two legislative committees as the Detroit automakers seek $25 billion in government loans. Chrysler LLC CEO Robert Nardelli will not travel by corporate jet. A spokeswoman says his travel plans will remain secret for security reasons.

 

All three executives are returning to Congress for hearings on Thursday and Friday. They are seeking the bailout loans to help them through the recession and the worst sales downturn in 25 years.

 

Lawmakers criticized the CEOs last month for traveling in separate private jets to seek the loans.

 

In Tuesday morning trading, GM shares rose 30 cents, or 6.5 percent, to $4.89. Ford shares also jumped 30 cents, or 12 percent, to $2.85 after the company submitted its restructuring plan to Congress. The plans include cancelling all 2009 bonuses for global management and North American workers.

 

Ford said it hopes to restructure the company without accessing government loans, but promised CEO Mulally would work for $1 per year if the automaker did access funds. The company said it will sell its corporate aircraft, and is requesting access to up to $9 billion worth of bridge financing as part of its transformation plan.

[Draenor]

Pretty much... They're keeping the corporate jets, but for public image, they will drive in what we manufacture. I'm sure Mulally will not sell the corporate jet fleet. Oh ,Nardelli better better keep everything on the DL. No one wouldn't want anything bad to happen to you.

 

Also, I'd work for a $1 salary if I received several million in a bonus too.

[VMax2007]

**ahem**

 

 

 

(damn, I am glad there are alot of "Dead Horse" pics on the net. )

[Draenor]

**ahem**

 

 

 

(damn, I am glad there are alot of "Dead Horse" pics on the net. )

But no one is kicking them...

 

 

 

[asilverblazer]

I don't see a stick for beating it either.

[VMax2007]

I don't see a stick for beating it either.

 

Here ya go...have at it

 

[rvsahs]

Whoever exalts himself will be humbled, and whoever humbles himself will be exalted.

Matthew 23:12

[Zembonez]

Is Frank stirring up trouble again?

 

 

[tobias]

Did someone say something about beating dead whores?

 

[fbachman]

Whoever exalts himself will be humbled, and whoever humbles himself will be exalted.

Matthew 23:12

 

 

nice....

[Draenor]

Did someone say something about beating dead whores?

 

Its no fun once there dead.

[VMax2007]

Did someone say something about beating dead whores?

 

 

Is it wrong that I was aroused by that picture?

 

 

[Zembonez]

Is it wrong that I was aroused by that picture?

That's sick man.

 

But no... nothing's wrong.

 

 

Nothing to see here folks. Move along.

[redvett]

GM's jets are up for sale and the corporate jet site at Metro will be closed by 1/1/09.

[jrrod2004]

 

 

GM grounds jet for Washington trip, says CEO will drive company car to appear before Congress

 

 

 

DETROIT (AP) -- This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.

 

Wagoner will drive in a Chevrolet Malibu hybrid sedan when he makes the 520-mile trek from Detroit to Capitol Hill, General Motors Corp. spokesman Tony Cervone said Tuesday.

 

Ford Motor Co. CEO Alan Mulally also is traveling by car from Detroit for his second appearance before two legislative committees as the Detroit automakers seek $25 billion in government loans. Chrysler LLC CEO Robert Nardelli will not travel by corporate jet. A spokeswoman says his travel plans will remain secret for security reasons.

 

All three executives are returning to Congress for hearings on Thursday and Friday. They are seeking the bailout loans to help them through the recession and the worst sales downturn in 25 years.

 

Lawmakers criticized the CEOs last month for traveling in separate private jets to seek the loans.

 

In Tuesday morning trading, GM shares rose 30 cents, or 6.5 percent, to $4.89. Ford shares also jumped 30 cents, or 12 percent, to $2.85 after the company submitted its restructuring plan to Congress. The plans include cancelling all 2009 bonuses for global management and North American workers.

 

Ford said it hopes to restructure the company without accessing government loans, but promised CEO Mulally would work for $1 per year if the automaker did access funds. The company said it will sell its corporate aircraft, and is requesting access to up to $9 billion worth of bridge financing as part of its transformation plan.

 

 

 

 

 

 

or maybe somebody from corporate saw us bitching about it on the forum and taking one of our ideas about DRIVING