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S teven Rattner, the former Wall Streeter who oversaw the bankruptcies and restructurings of both General Motors and Chrysler, has let loose a devastating salvo, criticizing GM's management as arrogant and isolated. Full Article at Globe and Mail
Former Auto Task Force adviser Steven Rattner recently wrote an article of government’s rescue of General Motors and Chrysler. It includes some pretty juicy tidbits. Full Article at Automotive Blogs
German Economics Minister Karl-Theodor zu Guttenberg (L) meets with General Motors CEO Rick Wagoner (R) and General Motors COO Fritz Henderson at the German ambassador's residence in Washington in this March 16, 2009, file photo. View Photo »
I'm not planning to stay until I'm 65 but I think I've got at least a few years left in me ... But I told the last administration that if my leaving would be helpful to saving General Motors, I'm prepared to do it.
When bad decisions force business leaders to leave their jobs, organizations often rush to replace them with insiders, who are familiar with the original problem and the former leader. Full Article at Forbes
2007 Ford KugaEnlarge Photo Ford is reportedly planning to move production of its Europe-only Kuga compact crossover to the U.S. to take advantage of the weak dollar. Full Article at The Car Connection
A former US treasury executive has hit out at General Motors’ former CEO Rick Wagoner and the executive culture at the firm. Full Article at Autocar
General Motors Chairman and CEO Rick Wagoner (C) talks about cost cutting restructuring as COO Fritz Henderson (L) and Vice Chairman Bob Lutz listen during a news conference at GM Headquarters in Detroit, in this file image from Michigan July 15, 2008. View Photo »
Ford . . . redid its entire car line. GM and Chrysler didn't ... Rick Wagoner [at GM] oversaw perhaps the greatest destruction of capital in American history. The difference? Ownership and management.
Rick Wagoner is still taking a beating, seven months after being bounced as chairman and CEO of General Motors. Does he deserve it? Or are people piling on, unfairly battering a good human being who worked his tail off for his company? Full Article at Detroit Free Press
Former Treasury Department auto task force chief Steve Rattner took off the gloves in his assessment of fired General Motors Chairman and CEO Rick Wagoner. Full Article at Business Week
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German Economics Minister Karl-Theodor zu Guttenberg (L) meets with General Motors CEO Rick Wagoner (R) and General Motors COO Fritz Henderson at the German ambassador's residence in Washington in this March 16, 2009, file photo.
View Photo »General Motors Chairman and CEO Rick Wagoner (C) talks about cost cutting restructuring as COO Fritz Henderson (L) and Vice Chairman Bob Lutz listen during a news conference at GM Headquarters in Detroit, in this file image from Michigan July 15, 2008.
View Photo »General Motors CEO Rick Wagoner arrives for a meeting with German Economics Minister Karl-Theodor zu Guttenberg at the German ambassador's residence in Washington March 16, 2009.
View Photo »German Economics Minister Karl-Theodor zu Guttenberg (L) meets with General Motors CEO Rick Wagoner (R) and General Motors COO Fritz Henderson at the German ambassador's residence in Washington March 16, 2009.
View Photo »German Economics Minister Karl-Theodor zu Guttenberg (L) meets with General Motors CEO Rick Wagoner (R) and General Motors COO Fritz Henderson at the German ambassador's residence in Washington March 16, 2009.
View Photo »German economic minister Karl-Theodor zu Guttenberg left, shakes hands with General Motors Corp. chief executive Rick Wagoner, right, as General Motors Corp. chief operations officer Henderson Frederick, watches at the German Ambassador's residence in Washington, Monday, March 16, 2009.
View Photo »German economic minister Karl-Theodor zu Guttenberg left, shakes hands with General Motors Corp. chief executive Rick Wagoner, right, as General Motors Corp. chief operations officer Henderson Frederick, watches at the German Ambassador's residence in Washington Monday, March 16, 2009.
View Photo »German foreign minister Karl-Theodor zu Guttenberg, right, smiles as General Motors Corp. chief executive Rick Wagoner, left, stands as GM chief operations officer Henderson Frederick, signs in at the German Ambassador's residence in Washington Monday, March 16, 2009.
View Photo »General Motors Chief Executive Rick Wagoner (C) is pictured during a meeting between U.S. President Barack Obama (not pictured) and other business leaders at a hotel in Washington March 12, 2009.
View Photo »General Motors Chairman and Chief Executive Rick Wagoner, right, talks about the company's restructuring plans during a news conference in Detroit, Tuesday, Feb. 17, 2009. At left are Fritz Henderson, center, the automaker's president and COO and Ray Young, left, the company's CFO.
View Photo »General Motors Chairman and Chief Executive Rick Wagoner arrives for a news conference to talk about the company's restructuring plans in Detroit, Tuesday, Feb. 17, 2009.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »DETROIT, MI- FEBRUARY 17: General Motors Chairman Rick Wagoner speaks at a press conference at the company's world headquarters February 17, 2009 in Detroit, Michigan.
View Photo »General Motors Chairman and CEO Rick Wagoner (C) talks about cost cutting restructuring as COO Fritz Henderson (L) and Vice Chairman Bob Lutz listen during a news conference at GM Headquarters in Detroit, in this file image from Michigan July 15, 2008.
View Photo »I'm not planning to stay until I'm 65 but I think I've got at least a few years left in me ... But I told the last administration that if my leaving would be helpful to saving General Motors, I'm prepared to do it.
Ford . . . redid its entire car line. GM and Chrysler didn't ... Rick Wagoner [at GM] oversaw perhaps the greatest destruction of capital in American history. The difference? Ownership and management.
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