WAGONER: GM doesn't need a white knight...

WAGONER: GM doesn't need a white knight...
But CEO keeps open mind to Renault-Nissan pact General Motors Corp. Chairman Rick Wagoner defended his turnaround Tuesday and said the automaker isn't seeking a "white knight" to ride to its rescue.
Read Article

MercBasherMercBasher - 7/12/2006 2:36:28 PM
+1 Boost
Now why would Wagoner be expected to say someone else should have his job? The headline is kind of silly. It ought to read "Wagoner thinks he is the best option to run GM, others disagree"


AntAusAntAus - 7/13/2006 12:19:48 AM
+1 Boost
I found it funny how it's Nissan and Renault which look like they are coming to the rescue....of a much smaller company MAYBE, but GM? Really... The U.S. is really the only market GM is having major issues. And $3BIL for a 20% share, is an insult.

GM's issue stem from legacy costs, the UAW and medical insurance costs. Cure any of these 2, and profittably would increase by $2000 on each vehicle.

If maybe our government would do something to improve medical coverage/costs/benefits, or give benefits to company who HQ their businesses here (instead of sending jobs overseas) it would be a great relief to those companies, it's workers, and all of us in general.


Copyright 2026 AutoSpies.com, LLC