Wednesday, March 19, 2008

Wagoner Says GM Is Not Going Private

The General Motors chairman and CEO Rick driver of the cart and said last Tuesday that the company& 39;s future depends on the clearance of several difficult obstacles, including reducing health care costs and the development of alternative-powered vehicles, and increased sales in emerging markets. But these challenges also some genetically modified represent the greatest opportunities, and he added.
" not on short-term initiatives to respond to the challenges of short-term " driver of the cart GM announced at the annual meeting Tuesday. " We are taking the necessary actions to convert the company& 39;s deep long distances, for the sustainability of growth and profitability, and we even have a world leader for many years to come. & Quot;
one action Detroit - the automobile makers are not looking private sector has become held until unification The purchase by private equity firms created a trend in the industry. GM " that there are no plans or ideas about going private, " driver of the vehicle said when asked whether a contributor GM candidate of the way Chrysler, which is Daimler Chrysler (Mercedes AG for the sale of shares of capital management lp.
wagoner firm Cerberus, speaking before about 100 often - combat shareholders, as described by 2006 years of progress and success rising - from aggressive to reduce costs and improve products Lineup. however, said that the tough challenges ahead. limit a & ; quot; that still unsustainable & quot; health care bill, which last year amounted to 4.6 billion dollars for workers, retirees and their families, will be crucial to turn around the auto makers in North American operations, said that said.
in In addition, He said that the driver of the cart largest American auto makers must grow their share of car and truck sales in emerging markets such as Brazil, Russia, India, the Middle East and China. in the Territories, and the GM already outsells other cars. recovery essence is to produce flexible fuel car emission vehicles and parts reduce dependence on foreign oil. GM committed this goal " unprecedented speed and commitment, " cart driver said. this is the reason why the auto makers is to accelerate its initiatives such as centerforce.
at annual meeting, and announced that the driver of the cart GM awarded contracts to two suppliers to develop advanced technology for Chevrolet volt battery flexible electronic system. This is done in order to speed up the development of reasonable battery with a permanent electrical power to Run vehicle.
at North American International Auto show in January, GM grabbed the spotlight when it outlined the plans to build Chevrolet Plugin volt electric vehicle would powered by Lithium Ion battery. At present, GM is developing a system of cables called electronic commerce flexible, which matches battery power with the various energy sources that feed the battery. on As such, the driver does not need to plug in to stop and when battery is low. challenge now is for the production of batteries, which continues without inflation, and quickly re-shipped small enough and affordable enough to be sold on the mass market. " This is certainly top priority for the GM, the driver of the cart " said.
showing progress in the transformation, and the GM orders now more confidence in Wall Street, but is still vulnerable to fluctuations in the market, said analyst Brad Rubin, the investment firm BNP - Paribas. & quot; a lot of International Financial Statistics, " Rubin said GM plans. " If all these things to get right, it would be a major. if not already done so, the business model is not in form large & quot;.
wagoner good-naturedly responded to the outskirts of a small number of activists shareholders. Evelyn Davis of Washington, DC, and called the driver of the cart and other executives " Flunky Accounting & quot;. Davis, and then announce that, Although they are Republican, and said she will vote for Hillary Clinton. " I am sure that Senator Clinton will be happy to hear that, " said the driver of the car. elidia joshua



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