Cars
This past week's Capitol Hill auto industry bailout hearing got a bit testy when Congressman Paul Kanjorski asked GM CEO Rick Wagoner how much money he'd need to keep the company afloat from now until March 30th. A follow-up question concerns the corporate jets with which the Detroit's Big 3 CEOs, GM's Rick Wagoner, Ford's Alan Mulally, and Chrysler LLC's Robert Nardelli flew into Washington. Apparently, the Congress was annoyed by the fact that the CEOs preferred an estimated $20,000 private flight from a $900 first-class round trip with a commercial airline. Watch both videos after the jump or click here for details on how the Big 3 failed to convince the Congress to loan them $25bn in government money.
- D'oh! Gm Eliminates Remaining Corporate Jet Fleet
You might remember the fuss that was created last November after it was revealed that Detroit's Big Three CEOs flew into Washington to ask Congress for a few billion dollars in loans on separate luxury jets. Well, the "New GM" won't have any jets...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...
- Big Three Bailout: Congress To Give U.s. Automakers $15 Billion In Federal Loans
Faced with the fear that the collapse of one or more of Detroit's Big Three automakers could lead to a domino effect deepening the U.S. economic recession in which half a million people (533,000 to be exact) have already lost their jobs in November,...
- Gm Ceases Corporate Jet Operations, Wagoner Will Drive A Malibu To Dc...
Bowing over to the harsh criticism from Congress for the use of corporate jets, GM is following in the footsteps of Ford that announced the sale of its five corporate jets in its new business plan. In a statement issued today, GM said that it will cease...
- Read All About It: Pelosi, Reid Letter To Detroit's Big 3 On Bailout Plan
As you may have heard, the Congress temporarily shut the door on Detroit's Big Three automakers when GM's Rick Wagoner, Ford's Alan Mulally, and Chrysler LLC's Robert Nardelli failed to make a case to as why they should receive a $25b...
Cars
Video: Congress Slaps Around Detroit's Big 3 CEOs on Bailout Package and Private Jets
This past week's Capitol Hill auto industry bailout hearing got a bit testy when Congressman Paul Kanjorski asked GM CEO Rick Wagoner how much money he'd need to keep the company afloat from now until March 30th. A follow-up question concerns the corporate jets with which the Detroit's Big 3 CEOs, GM's Rick Wagoner, Ford's Alan Mulally, and Chrysler LLC's Robert Nardelli flew into Washington. Apparently, the Congress was annoyed by the fact that the CEOs preferred an estimated $20,000 private flight from a $900 first-class round trip with a commercial airline. Watch both videos after the jump or click here for details on how the Big 3 failed to convince the Congress to loan them $25bn in government money.Paul Kanjorski Pounds GM's CEO
Congress Asks CEOs About Corporate Jets
- D'oh! Gm Eliminates Remaining Corporate Jet Fleet
You might remember the fuss that was created last November after it was revealed that Detroit's Big Three CEOs flew into Washington to ask Congress for a few billion dollars in loans on separate luxury jets. Well, the "New GM" won't have any jets...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...
- Big Three Bailout: Congress To Give U.s. Automakers $15 Billion In Federal Loans
Faced with the fear that the collapse of one or more of Detroit's Big Three automakers could lead to a domino effect deepening the U.S. economic recession in which half a million people (533,000 to be exact) have already lost their jobs in November,...
- Gm Ceases Corporate Jet Operations, Wagoner Will Drive A Malibu To Dc...
Bowing over to the harsh criticism from Congress for the use of corporate jets, GM is following in the footsteps of Ford that announced the sale of its five corporate jets in its new business plan. In a statement issued today, GM said that it will cease...
- Read All About It: Pelosi, Reid Letter To Detroit's Big 3 On Bailout Plan
As you may have heard, the Congress temporarily shut the door on Detroit's Big Three automakers when GM's Rick Wagoner, Ford's Alan Mulally, and Chrysler LLC's Robert Nardelli failed to make a case to as why they should receive a $25b...