Auto Executives Going To DC To Beg For A Bailout By Car This Time, Not Private Jet

Well that was good of them.

DETROIT (AP) — This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.
Wagoner will drive in a Chevrolet Malibu hybrid sedan when he makes the 520-mile trek from Detroit to Capitol Hill, General Motors Corp. spokesman Tony Cervone said Tuesday.
Ford Motor Co. CEO Alan Mulally also is traveling by car from Detroit for his second appearance before two legislative committees as the Detroit automakers seek $25 billion in government loans. Chrysler LLC CEO Robert Nardelli will not travel by corporate jet. A spokeswoman says his travel plans will remain secret for security reasons.
All three executives are returning to Congress for hearings on Thursday and Friday. They are seeking the bailout loans to help them through the recession and the worst sales downturn in 25 years.

Of course, I’m sure these guys still have the private jets on standby. Just in case they need to go somewhere that doesn’t include begging the tax payers for a bailout.

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  • http://Array di butler

    Maybe to show the cars would actually hold up to a trip that long with out breaking down?

  • http://SayAnythingBlog.com The_Whistler_ofnd

    All of this is fine, but what are they doing to make their companies competitive in the global market?

  • kbiel

    While I have no doubt that this actually wastes more money than if they had just traveled by private jet, it was the right move and they should have done it the first time. Image does matter and when you are being filtered through a hostile media, controlling your image is very important. The fact that they didn’t anticipate the criticism only shows that these three are incompetent and should be replaced (though I can’t imagine that Ford will ever become functional regardless of who is CEO while the Ford family remains involved).

  • Wookiebush

    but they are NICE cars… class warfare starts in 3.2.1…go libtards.

    W.

  • di butler

    The smart thing to do would have been to fly commercial, even 1st class is only around $850.00, so time saved, money saved.

  • http://www.valleydeals.com/cgi-bin/board2/YaBB.pl Kevin

    Did the UAW bosses get rid of their private jets, too?

  • kbiel

    Possibly, though they would still waste a lot of time in the airport. But, as I said, it is about the image. Driving their own brand of cars is an image that is too good to pass up.

  • kbiel

    Notice Wagoner choose a Malibu instead of a Cadillac or Buick or even a roomier Suburban or Impala.

  • kbiel

    All of this is conjecture. Hopefully they did save money, but I doubt it. Do you believe for a moment that the CEOs themselves actually drove the cars? I don’t. Then you add the fact that Mr. Wagoner receives (until today) $2.2 M a year. If he is a hard working CEO who puts in 16 hour days and takes no vacation that is $2,644 an hour. That he would spend an extra 5 hours going to and, presumably, from DC (8, almost 9 hours driving versus what I assume is an 3, 4 hour flight including time in an airport). That equals $26,440. So yes, I doubt that his driving from Detroit to DC saves money and may even cost more than flying.

  • di butler

    kbiel,

    Did you mean that you think it wastes more money by them driving vs. private jet because it takes up their whole day? Meaning they may have lost money as in time=money? I can see that may be true, but $20,000 is a lot of mone for one trip. Hard to believe their time is worth that much! My daughter and her husband just drove from GA to KS in a Ford Focus for Thanksgiving and it only cost $42.00 in gas. Did ya’ll believe we would see that again, at least so soon after it was so high? I think it does show they are totally out of touch, but I am not sure that by driving now that it is really a make up for the screw up they did earlier!

  • PISCATOR

    A Little Smoke and Mirrors Will Go A Long Way.

    Perception is as much as important as the details in the proposals submitted to our law makers by the big three auto companies for the loans to keep them afloat.

    The rank and file of the Joe Six Packs have a hard time to identify with the folks who drive the Cadillacs, Lincolns, and Imperials unless they are UAW members/workers who have been assembling these behemoths for years on the production line.

    What GM, Chrysler, and Ford need is some grass roots support from the general public. This type of support would influence the members of the Senate Banking Committee when the members started getting correspondence from their constituents advocating the $34 billion bailout money.

    If CEO’s of the big 3 US auto manufactures, Robert Nardelli of Chrysler, Rick Wagoner of GM, and Alan Mulally of Ford would climb down from their corporate ivory towers and start hanging out at street level with the “homies” that actually purchased the cars that were built in the years past, then you would have the public behind you in the salvation of the US auto industry.

    Here are some examples: Nardelli of Chrysler would look real cool driving to the DC hearings in a 1958 Plymouth Fury like the one shown in the move “Christine”.

    Wagoner driving a 1963 Impala Chevy low-rider doing some humping and jumping with
    Black Magic Hydraulics in from the Senate Office Building should bring the press out.

    Then Mulally, driving Ford Model T like out of Chitty-Chitty Bang-Bang would be a big hit with the Senator’s kids and grand kids. How could grandpa deny a few measly billions to anybody who can make a fun machine like that.

    [Side Note: Driving up in an Edsel for Mulally would be worse that landing at the DC executive airport in a new Leer jet with a bunch of wine, women and a marching band tumbling out of the airplane.]

    The US auto giants have got to get the rank and file of the general public behind their request for a few bucks until the new “green” models hit the dealer’s showrooms.

    The GM VOLT with an estimated window sticker price of about $40K will be stillborn before it hits the showrooms. This car would have to be subsidized by Uncle Sam for about $20K per unit to make it affordable for most folks even if it ran on “sunlight alone”.

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