China also is going well for us, particularly now that we have the market covered from the bottom to the top.
More Quotes from Richard Wagoner:
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.Richard Wagoner
This is a difficult but necessary decision and it was made only after the greatest deliberation.
Richard Wagoner
This approval allows us to fulfill those important objectives as we continue to rapidly implement all aspects of our North American turnaround plan.
Richard Wagoner
Over the years we've shown the Saturn brand can carry a premium in the segment that it plays in,
Richard Wagoner
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.
Richard Wagoner
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.
Richard Wagoner
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