Richard Wagoner Quotes (14 Quotes)

China also is going well for us, particularly now that we have the market covered from the bottom to the top.

I think this is tough medicine for everybody involved with our company, ... I don't want to make this sound like an easy call for us or for them, but this is our call. We are responsible for running this part of the business.

This approval allows us to fulfill those important objectives as we continue to rapidly implement all aspects of our North American turnaround plan.

I'm not conceding anything to anybody. We respect our competition around the world, and we're realistic about our challenges and opportunities. We know we have to earn the right to maintain our global sales leadership, and we're doing that day after day.

While it may have taken some time to reach this solution, I think it was time very well spent,

These potential actions are intended to restore GMAC's investment-grade credit rating and to renew its access to low-cost funding, ... In addition, these actions are designed to preserve and to grow the synergies between GM and GMAC, especially cost-effective auto financing, and sustaining GMAC's diversified earnings growth.

The results show that our focus on cost reduction and success in the marketplace lead to continued strong financial results,

During his 36-year career at GM, Mike has made a tremendous contribution to GM in a broad range of assignments, ... And, he's been a long-time advisor and friend to me and many others in the company. We thank him and wish him well.

There is a lot of work to do in this company and it makes sense to spread it out, ... We very much wanted Jack to stay around and support us.

A number of other U. S. companies have already taken similar action in the face of these rising costs and increasing global competition. In particular, U. S. healthcare costs continue to rise at high rates. When these benefits were conceived decades ago, no one could have foreseen the explosive cost inflation that we have been experiencing in recent years. These costs are simply not sustainable.

Over the years we've shown the Saturn brand can carry a premium in the segment that it plays in,

This is a difficult but necessary decision and it was made only after the greatest deliberation.

Why is every year the industry sales figure bigger than what we tell you it's going to be at the beginning of the year ... Obviously the traditional models are not working. Is that going to continue indefinitely I don't know. I suspect so. Why is it up A lot of wealth in the U.S. economy and vehicle prices relative to that wealth are the lowest they've been in 20 or 30 years.

We have decided to substantially alter the pension benefits for current U. S. salaried employees so that we can provide a competitive and fair benefit but also reduce the financial risks to GM. While we will announce specific details early next month, we intend to freeze accrued benefits in the current plan and implement a new plan for future accruals which could include a defined contribution or cash balance plan.