rick wagoner


Rattner recounts auto bailout, was "shocked" and "stunned" at condition of GM, Chrysler

Steve Rattner is a man we admire but do not envy. Rattner, a former Wall Street banking type with zero experience in the automotive or manufacturing world, was tasked by President Obama with guiding General Motors and Chrysler through their restructuring efforts. Not a small job, by any means. Or one we would wish on our worst enemies. That said, it was a HUGE job, and huge jobs typically make for great stories. Rattner, in an article he penned himself for CNN's Money doesn't disappoint. At all. Allow us to tantalize you with some quotes: ... Read more →

REPORT: Wagoner gets $8.2M severance + $74,030 annually w/benefits... for life Chris Shunk

When Rick Wagoner was forced out of his position as the CEO of General Motors last March, he left with a severance plan that included $22 million paid out over the course of a few years, plus a ...

REPORT: GM cutting executive pensions, ex-CEO Wagoner to get pinched the most Chris Shunk

With General Motors in bankruptcy, it was only a matter of time before pensions came under scrutiny. The Detroit News is reporting that GM CEO Fritz Henderson has confirmed that executive pensions ...

REPORT: Bill Ford, Jr. "shocked" at Wagoner's ousting Jonathon Ramsey

Bill Ford, Jr., executive chairman of the Ford Motor Company, admits he was surprised at former General Motors CEO Rick Wagoner being asked to step down by the Obama administration. Even as Ford ...

Michael Moore: "The Commander in Chief of the Free World is now Mr. Goodwrench" Dan Roth

Michael Moore, long a critic of General Motors, is calling Rick Wagoner's ousting a "superhero move" from President Obama, one that puts corporate America on watch. The truth, as usual, lies in the ...

Autoline on Autoblog with John McElroy 7 months ago on Autoblog

WHY OBAMA AXED WAGONER Rick Wagoner is no longer CEO of General Motors for two reasons. First, he failed to come up with a plan that satisfied the government that GM would be viable going forward. Two, President Obama needed political cover before he poured more money into the auto industry, a ...

Wagoner retirement package worth $20.2 million 7 months ago on Autoblog

Now that Rick Wagoner is out of a job, he's eligible to start receiving retirement benefits from his former employer of 32 years. Though having received over $63 million in salary since becoming a General Motors executive in 1992, Wagoner is eligible for a "Salaried Retirement Plan" and "Executive ...

BREAKING: GM CEO Wagoner out at Obama's request 7 months ago on Autoblog

Tom Krisher of the Associated Press reports that General Motors CEO Rick Wagoner will step down from his post immediately, based on information given to him from an unnamed source. The news comes on the eve of President Obama's expected announcement of a deadline for General Motors and Chrysler to ...

Wagoner: Gas tax hike is "worthy of consideration" 8 months ago on Autoblog

Count General Motors' CEO Rick Wagoner as one proponent for a raise in the federal gas tax. While the idea seems like political suicide for any legislator willing to jump on board, hiking the gas tax up so that a gallon of gas hovers around the $4.00 mark could have a few desirable effects, notably ...

GM gets its $4 billion, Chrysler still waiting 10 months ago on Autoblog

On Monday, December 29, Chrysler and General Motors were supposed to get the first installments of its allotted funds from the $17.4 billion dollar bridge loans. On Wednesday, GM got it's $4 billion. Chrysler, on the other hand, is still "finalizing the details of our financial assistance." The ...

Ironic or appropriate? Wagoner up for "Michiganian of the Year" 10 months ago on Autoblog

Depending on your point of view, General Motors CEO Rick Wagoner could either be considered a Godsend or a pariah that represents all that's currently wrong with the country. Of course, we're referring mainly to the automotive bailout that the CEO helped (or hindered, again depending on your ...

Would Ghosn be the best choice to lead GM? 11 months ago on Autoblog

Calls for the replacement of Rick Wagoner at General Motors raise an intriguing question: who would be the best choice to take the reigns of America's largest automaker if Wagoner were ousted? Some would point directly to GM COO Fritz Henderson, but we're not so sure that Washington would go along ...

Bob Lutz would fall on sword for Wagoner 11 months ago on Autoblog

Bob Lutz has been eerily silent of late. One would expect the Vice Chairman of General Motors might have something to say about the recent trips taken by GM, Ford and Chrysler to Congress, but he left the talking to his boss, CEO Rick Wagoner. When it comes to members of Congress suggesting Wagoner ...

Chris Dodd says Wagoner should "move on" 11 months ago on Autoblog

He may have gotten his money, but it looks like General Motors CEO Rick Wagoner didn't make any friends in Washington during the process. Over the weekend, Senator Chris Dodd (D-Connecticut) remarked on CBS' Face the Nation that the vertically gifted CEO should "move on". He did not specify, ...

One down, one to go: Detroit 3 CEOs begin House testimony 11 months ago on Autoblog

Having watched each of the Detroit 3 CEOs take tough questions from the Senate Banking Committee for six hours yesterday, we've returned to the couch today to watch General Motors CEO Rick Wagoner, Ford CEO Alan Mulally, Chrysler CEO Bob Nardelli and Ron Gettelfinger, President of the United Auto ...

Wagoner arrives for Senate hearing in Volt mule 11 months ago on Autoblog

General Motors CEO Rick Wagoner has arrived in Washington to deliver testimony at Senate hearings scheduled for today and tomorrow, and as we reported late yesterday, his transportation this time was not a private jet, but rather a series hybrid Chevy Volt mule in the body of a Chevy Cruze. Ford ...

Wagoner now driving Volt mule to Congress 11 months ago on Autoblog

General Motors CEO Rick Wagoner will be taking advantage of the media circus surrounding his drive from Detroit to Washington D.C. tomorrow. As it seems every press outlet will be covering the roadtrip adventures of the three Detroit leaders as they travel via wheeled transportation to the ...

GM's Wagoner heading to Congress in Malibu Hybrid 11 months ago on Autoblog

While it won't get him there as quickly (or as luxuriously) as a Gulfstream corporate jet, GM CEO Rick Wagoner will drive to Washington this week in a Chevrolet Malibu hybrid to ask for taxpayer-funded bridge loans. Last month, Wagoner, Ford CEO Alan Mulally and Chrysler LLC CEO Robert ...

Mulally and Wagoner reconsider $1 salary for federal aid 11 months ago on Autoblog

Chrysler CEO Bob Nardelli was the only auto exec who readily offered to work for a buck if it meant securing federal aid from Congress in the form of bridge loans. Ford CEO Alan Mulally famously told the politicians sitting before him, "I think I'm OK where I am." We would be OK too with the tens of ...

SNL takes on the Detroit 3 bailout 11 months ago on Autoblog

Saturday Night Live has been on a roll of late, with a string of strong skits centered around the Presidential election and the ongoing financial crisis. So it was only a matter of time before SNL took on the auto industry to task, using last week's Congressional hearings as the backdrop. As ...

Calling for GM bailout may cost Wagoner his job 1 year ago on Autoblog

General Motors' CEO, Rick Wagoner, who's been manning the helm for the last eight years and a part of its staff since 1977, has taken some heat for asking the Feds for a bailout. A possible condition for those funds may be the symbolic sacrificial death of its current leader, according to a slew of ...

Pelosi, Congress consider more money for U.S. automakers 1 year ago on Autoblog

House leader Nancy Pelosi may have given the beleaguered U.S. auto industry it's biggest and best hope yet after the leading Congressional Democrat told NPR that Congress is considering more loan money for the ailing industry. Pelosi and House leadership met on Monday about a second $25 billion ...

GM announcing "important changes" on Friday 1 year ago on Autoblog

Due to deteriorating market conditions and a dire cash crunch, General Motors CEO Rick Wagoner will be announcing "important changes" during his company's 3rd quarter earnings report on Friday at 11AM EST The Detroit News obtained an executive level email that foretells the bad news ahead but ...

Toyota denies rumors of giving aid to GM 1 year ago on Autoblog

Rumors of a meeting between GM CEO Rick Wagoner and top officials from Toyota in Japan has been denied. This shouldn't come as much of a surprise, considering that it's GM's policy not to comment on such matters, but Toyota has no such policy and has also denied that such discussions have or will ...

VIDEO: Wagoner attempts to explain gov't loans to automakers 1 year ago on Autoblog

Over the past few weeks, we've heard how badly Detroit automakers needed $25 billion in government-backed loans, but very few of us know exactly who gets the money. GM CEO Rick Wagoner got in front of a camera to answer some of those questions, and to talk about some of the challenges the General ...

Wagoner: $25 billion sounds good to me 1 year ago on Autoblog

At a press conference on Thursday, shortly after announcing plans for a new engine plant in Flint, Michigan, General Motors CEO Rick Wagoner said his employer, "should be able to put to good use its portion of a $25 billion government loan package." Wagoner goes on to say he's concerned about the ...

FastLane launches "The Case for GM" video series 1 year ago on Autoblog

GM began to counter the rumor and rabble with its Facts and Fiction site. Now they've gone a step further and introduced a video series called The Case for GM. The introduction video is by Christopher Barger, director of global communications technology, telling us that the series is meant to ...

HUMMER has bidders, next Saab to be built in N.A. 1 year ago on Autoblog

General Motors CEO, Rick Wagoner, mentioned in passing that several parties have expressed interest in purchasing HUMMER and that GM is moving as quickly as possible to seal the deal. "We have some interested buyers," Wagoner told reports while attending the opening of a new GM engineering and ...

Wagoner to Obama: Automakers need research money from feds 1 year ago on Autoblog

After being asked what the next President of the United States could do to help Detroit's automakers, Rick Wagoner, head honcho at General Motors, responded that his company could use an injection of cash for research and development into new, potentially green technology. Also mentioned were ...

The secret life of the Chevy Volt 1 year ago on Autoblog

An article in the Atlantic Monthly examines the genesis and gestation of the Chevy Volt, and concludes with an intriguing mix of potential hits and misses. Calling the Volt "the Barack Obama of automobiles-everyone's hope for change," even the Atlantic Monthly knows that this car currently means ...

GM shareholders upset over Wagoner's pay 1 year ago on Autoblog

Considering the sorry state of financial affairs that GM appears to be in, it seems extremely unsurprising that the board would like to see some big changes made at the very top of the company. What is a little shocking, though, is just how soundly the specific proposals were rejected. For instance, ...

BREAKING: GM to close 4 truck plants, may sell or close HUMMER 1 year ago on Autoblog

At the General Motors annual meeting in Delaware today, CEO Rick Wagoner will be publicly announcing the latest restructuring round for the beleaguered automaker. In response to plummeting sales of large trucks, GM will close down four more North American Assembly plants by 2010. The plants in ...

GM increases exec salaries to "normal" levels 1 year ago on Autoblog

GM has seen plenty of tough times over the past few years, and even the company's top executives have felt the pinch. Executive pay was among the items cut as the General waded through multi-billion-dollar losses and immense market pressure, but after two years of cuts, the members of GM's top ...

Wagoner disagrees with Lutz on global warming, bets against states' rights 1 year ago on Autoblog

Rick Wagoner, CEO of General Motors, is a player in the auto industry. So when he sits down to have breakfast with reporters, you can bet that some juicy quotes will be delivered. Speaking on a number of topics recently at a breakfast with journos, Wagoner set the record straight that he does not ...

Wagoner gets a raise to what he made in 2003 1 year ago on Autoblog

After an abysmal 2005 where GM lost over $10 billion, CEO Rick Wagoner received a sizable pay cut from $2.2M to $1.28M. Yeah, we know, cry him freakin' river. The General's relative success of late, however, has convinced the board that Wagoner deserves to have his annual pay restored to the $2.2M ...

GM offering more worker buyouts, could close more plants in 2008 1 year ago on Autoblog

General Motors held a conference with analysts today in which it outlined the automaker's turnaround progress and plans for 2008, the result of which is a press release (after the jump) that is the most boring piece of literature ever to be read. We tried, and were comatose by the first set of ...

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Autoblog Podcast #152: Paukert Enhanced!

Chris Paukert joins the usual crew of Chris, Sam, and Dan, summarily classing up the joint.

 
 

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