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.
Tags: Domestic Issues, Politics


