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.
More Quotes from Richard Wagoner:
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.Richard Wagoner
While it may have taken some time to reach this solution, I think it was time very well spent,
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
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
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.
Richard Wagoner
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