We are viewing the U.S. economic and auto market environment with considerable caution, ... That, combined with our poor business results in the first three quarters this year, really highlight that we are at a critical juncture in our company's history. And so we are accelerating the pace and scope of our turnaround actions.
More Quotes from Rick Wagoner:
I want to be clear I'm not saying we expect the government to pick these expenses up. I think they've made it very clear they don't intend to do that, at least the current administration.Rick Wagoner
Whoever is ahead in this area can get a big advantage versus the other guys. Just being big isn't enough. We really want to pick up the pace in everything we do in the company.
Rick Wagoner
This is a game that's going to play as long as you're playing it. It's never going to end. It'll go until I retire, and when the next person has the job, they'll be on it too.
Rick Wagoner
Frankly, we've done it in the fairest and most cost-effective way we could do it,
Rick Wagoner
The industry sales mix is shifting away from the larger, higher-profit vehicles, even pickups, ... reflects too much reliance on those products for profitability.
Rick Wagoner
In his current assignment, Mike has led the team that has helped GM gain back market share in California. He's built strong relationships with dealers and employees in creating marketing initiatives, all of which should prove especially useful as we focus on additional key markets where we need to improve GM's performance.
Rick Wagoner
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