Rick Wagoner, General Motors Chairman and CEO
We Still Make the Best Cars in the World
GM CEO Rick Wagoner still clings to the idea that GM is a quality company, with good products and good business financials. True, both GM and Toyota sold 9.3 million cars worldwide in 2007, but Toyota earned $17 billion in profits while GM lost more than $38 billion.
Is this a business model we want to bail out?
"Recent reports are somewhat of a concern, but we still expect the aggressive interest rate cuts and other stimuli to start to have an impact this summer." -- June 2008
