General Motors

On March 30, 2009, President Obama laid out a framework for General Motors to achieve viability that required the Company to rework its business plan, accelerate its operational restructuring and make far greater reductions in its outstanding liabilities. After two months of significant management engagement, General Motors has developed such a plan and has already begun to make progress toward its achievement. The Company has also secured commitments of meaningful sacrifice from all of its major stakeholder groups, sacrifices sufficient for this plan to proceed forward.

Update: According to a White House official, Wagoner was asked to leave by the Obama administration. Scapegoating has begun.

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The only thing more amusing than the deranged ramblings of an insane lunatic, are the deranged ramblings of a whole lot of insane lunatics (i.e. the executive committee of General Motors)... and their numerous legal and financial advisors... for whose "efforts" it is of course taxpayers who end up footing the bill...

These headlines just hit. Let me paraphrase: "We are f@*&#d. Send guns, ammo and lawyers." Oh, and GM needs to take down breakeven level for future. Hey Bob Lutz, good work reading our suggestions. Curious just how many times the new "conservative" plan will have to be reworked.

These headlines just hit. Let me paraphrase: "We are f@*&#d. Send guns, ammo and lawyers." Oh, and GM needs to take down breakeven level for future. Hey Bob Lutz, good work reading our suggestions. Curious just how many times the new "conservative" plan will have to be reworked.