GM CEO says Washington isn't showing leadership on crucial business issues like health care, energy policy.

GM CEO says Washington isn't showing leadership on crucial business issues like health care, energy policy.
General Motors Corp. Chairman and CEO Rick Wagoner sharply criticized government officials Thursday for failing to show leadership on crucial issues such as health care and energy.

"Some of the things that we all believe are necessary to ensure the continued strength of the (manufacturing) sector, which I think is just vital ... we just don't see the leadership," said Wagoner, speaking at the auto industry's Management Briefing Seminars in Traverse City.

Wagoner's comments followed similar sentiments expressed a day earlier in Traverse City by Mark Fields, Ford Motor Co.'s president of the Americas.

Wagoner and the CEOs of Ford and DaimlerChrysler AG's Chrysler Group have been asking for a sit-down with President Bush for months, but the meeting has been postponed at least twice.

Last month, Wagoner appeared on Capitol Hill asking Congress for a number of reforms to help businesses cope with runaway health care costs.

"They've just taken a complete pass on doing something about the health care situation," Wagoner said Thursday. "It's driving jobs out of the country."

On another topic, Wagoner also said GM has reduced its forecast for total U.S. auto sales to 17 million in 2006, down from 17.5 million in 2005. That number includes heavy trucks.

"If somebody would have told all of us that oil prices would be as high as they are today and auto sales in the U.S. would be staying and running at the rate they have, I think we'd probably have said, 'Wow that's a pretty a robust market,' " he said. "We're not overly negative, but certainly we have to be concerned."

He also said the company continues to make progress on talks with Delphi Corp., GM's former parts division. Delphi, with the financial assistance of GM, is trying to work out an agreement with United Auto Workers to lower wages and benefit levels that would avoid a potentially crippling strike.

Delphi and UAW are due in bankruptcy court today to resume hearings on Delphi's request to void union labor contracts.

Wagoner also said Thursday that GM is scaling back its production of newly redesigned large SUVs to make sure dealer inventories don't get too high. GM had planned to run plants on overtime for the rest of the year, which won't be necessary, he said.


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kart1kart1 - 8/11/2006 3:56:37 PM
+1 Boost
Wagoner should be fired, kicked out, and sent to live on an island alone (well maybe that was too much). Why is he expecting leadership from DC when there hasn't been any for any of the past situations? Although with the current state of GM the govt should provide leadership otherwise the company just might go bankrupt.


scottcampbell10scottcampbell10 - 8/11/2006 10:45:34 PM
+1 Boost
GM just needs to sell more vehicles. Health care wasn't a problem when they were making billions in 1997.


YZFracer23YZFracer23 - 8/11/2006 11:50:50 PM
+1 Boost
GM needs to deal with their own problems, if they hadn't gotten into a slum of building BS vehicles, health care wouldn't be a problem. The US governmet is busy dealing with those terrorist bast**ds and making sure WWIII doesn't break out over in the Middle East.


LexusLexus - 8/12/2006 12:03:46 AM
+1 Boost

What idiot moron, when his company was making money back in the 80s and 90s, he not complaining. Now because of Ugly ass design vechicle and not to forget rotten realiblity problem their vechicle. Design better looking car and more realible and then you will sale more car for sure.

He was complaining "Why No One tell Us that Gas price was going to be this High today" or something like that..what Freakin idiot moron. I myself does not have a degree in business already know that Gas price was going to goe up when we went to war with Iraq.

This just another pathetic Lame Ass excuse from a U.S. CEO. Wagoner stop your bitching and crying. No body is forcing anyone out here in the U.S. to buy Japanese or foreign cars. This is a Free country people decide what to buy and need with their hard earn moneys.

He should spend more time meeting with his staffs and auto engineer and and find solution to fixed the mess. But instead he wasting his time and pissing everyone off by Crying and Bitching...

Lexus




scottcampbell10scottcampbell10 - 8/18/2006 9:09:15 PM
+1 Boost
If you are so much better than Wagoner, then why aren't you running one of the largest corporations in the world? I'm sure you also saw the Israel/Lebanon coflict and if OJ Simpson really did kill someone. Good for you.


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