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    Report: Ex-GM CEO Rick Wagoner delivers commencement speech, calls for humility

    Former General Motors CEO Rick Wagoner offered sound advice to graduates of the Virginia Commonwealth University in Richmond in the form of a commencement speech over the weekend. According to The Detroit News, the ousted executive told students to remember their values first and foremost, and ...

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

    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 yearly pension. Just a few months later, The Los Angeles Times is reporting that Mr. Wagoner has worked ...

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    BREAKING: GM CEO Wagoner out at Obama's request

    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 ...

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    BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package

    President George W. Bush will doubtlessly be remembered for many things things, but his parting legacy may yet be his eleventh-hour pledge of $17.4 billion in low-interest loans to General Motors and Chrysler (Ford Motor Company has said it does not require relief at this time).The funding will ...

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    GM's Wagoner heading to Congress in Malibu Hybrid

    Click above for a high-res gallery of the 2008 Malibu Hybrid
    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, ...

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    Calling for GM bailout may cost Wagoner his job

    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 ...

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    GM's Wagoner to elaborate on business plan tomorrow

    General Motors honcho, Rick Wagoner, is holding a 9AM (EST) news conference tomorrow at which he will make an announcement (or announcements?) on what changes the automaker will make as it adjusts to current market conditions. GM's press release has no details beyond that. So, what are we going to ...

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    Says Rick Wagoner: Volt might come in 2010... or it might not

    Bob Lutz has staked a fair amount of his and GM's reputation on the Volt. Even though he has said since the beginning that the Volt needs battery technology that isn't ready for the mass market yet, he also said that the Volt would go on sale by the end of 2010.Rick Wagoner, though, in a 50-minute ...

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    GM shareholders' meeting: progress, Proton and healthcare

    Rick Wagoner had good news to report at GM's shareholder meeting, held yesterday: progress is being made, and the company is on track to shed $2.2 billion in expenses this year. He also said that GM is still in talks with Proton, but that it's "more a possibility for us than a probability." What ...

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    Cerberus could align GMAC and Chrysler Financial

    No one knows yet what Cerberus is going to do with Chrysler. However, the possibilities probably include quite a few things that wouldn't be normally expected in the car business -- such as GMAC and Chrysler Financial working closely together. Cerberus hasn't made any mention of such, yet -- that ...

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    GM releases pic of production Camaro and a bit more

    click above image to view high-res versionGeneral Motors released an image today of GM Chairman and CEO Rick Wagoner, Vice-Chairmen Bob Lutz and Fritz Henderson standing in front of a production clay model of the 2009 Camaro being chiseled. The official caption of the pic refers to the car as a ...

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    Wagoner cuts pay by 25% to aid turnaround, well kind of

    When possible, we like to cross-reference stories with other news sources before we report on them, and we've found this to be even more important when the topic at hand is hard data. When we came across a Reuters' story proclaiming that GM CEO Rick Wagoner was taking a 25-percent pay cut beginning ...

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    GM bosses forego bonuses for another year

    GM's 2006 was so much better than 2005, news agencies in Detroit and around the country were wondering if it would hurt the General in UAW discussions in September. GM did improve greatly in 2006, but the fact remains that they still lost money. That's one big reason General Motors will not be ...

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    When will the madness end? GM's talks to buy Chrysler heat up

    We were all ready to start this week anew, leaving behind the reports of a supposed sale of Chrysler to General Motors. But alas, that ain't going to happen.Both the Detroit News and Automotive News came out with stories this morning making it clear that talks between the two automakers are serious ...

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    Rumor of the Day: GM may buy Chrysler Group

    Take this for what it is, a rumor about which General Motors and DaimlerChrysler have refused to comment. According to a report today in German magazine Manager Magazin, DaimlerChrysler is in talks to sell its Chrysler Group division to GM. The magazine cites sources within DaimlerChrysler as ...

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    Charlie Gibson hosting World News Tonight from Detroit this week

    Charlie Gibson and the crew from ABC's World News Tonight will be rolling into Motown next this week to tape the show from Detroit tonight and Tuesday. Clearly the state of the auto industry in the U.S. is national news, and where better to report on it than the epicenter of Detroit? Both Ford CEO ...

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    Detroit Auto Show: A conversation with Jill Lajdziak

    Saturn general manager Jill Lajdziak's enthusiasm for her brand is infectious. And really, who can blame her? The charismatic and ebullient Ms. Lajdziak is at the helm of a brand that's critical to GM's product-based turnaround plan and which has seen its entire lineup overhauled over a very short ...

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    Bush meets with Big Three, has open ear but no commitments

    We've just finished watching the coverage of a press conference held outside the White House following the president's meeting with General Motors CEO Rick Wagoner, Ford CEO Alan Mulally and Chrysler Group CEO Tom LaSorda. We attempted to watch the press conference live on Fox News, CNN and CNN ...

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    Board battle looming at GM?

    Rick Wagoner may have won the Renault-Nissan battle, but the boardroom wars are far from over for General Motors' beleagured chief executive. Wall Street analysts are telling investors to brace themselves for a lengthy and bitter fight for control of the company's board of directors, led by ...

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    What went wrong? Analysis of GM/Renault-Nissan talks

    UPDATE: They Speak! Official release addressing dissolution of talks after jump.We're now awaiting official word from Renault (it came, see after jump) concerning the break off of talks between the automaker, its alliance partner Nissan, and General Motors. While we're waiting, we thought you'd be ...


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