Rick Wagoner Quotes on Business & Commerce (8 Quotes)

As we sit here today, it's our best guess and well thought out analysis, ... If we've learned anything in the last five years, it's that there's no guarantees in this business or any other business.

If you look from 1992 to 1997, we've really reduced the number of car models from more than 100 to about 81. Our strategy is to have the right number of products. Segment the brands better. There's a lot of work being done on the distribution side of the business. And the data's showing that our new products are doing a very decent job in the market.

These results reinforce the need to step up our efforts to eliminate waste and lower costs, ... The industry continues to venture into new territory -- near-record demand mixed with unprecedented price pressures and intensely strong competition on all fronts.

I have given no thought to anything but turning the business around, ... I wasn't brought up to run and hide when things get tough.

The good news is, we know what we need to do to be successful in the business. What we need to do is get products that people are excited about and price them the right way, supported by the right kind of cost structure, and I think in that sense it's moving pretty good.

As we look at the responsibilities we have to a broad range of constituents, as we look at what we need to do to make the business successful, as we look at our businesses around the world, we think there are significant costs to bankruptcy. We don't think it's a good option.

I've given no thought to anything but turning the business around, ... I wasn't brought up to run and hide when things get tough. I'm convinced that's the way that things get righted.

Jerry brings years of business experience and knowledge of the automotive industry to the GM board. We are pleased to welcome him to our Board.