In the latest episode of the national bailout comedy act, the big three auto maker executives flew to Washington in private jets to beg for our government’s bailout money.
Wagoner, whose flight reportedly cost $20,000 round-trip — about 70 times more than a commercial airline ticket — told Congress he expected about $10-$12 billion from the requested bailout.
The article doesn’t seem to say if the $36 million Gulfstream IV jet is owned by GM or was chartered for this trip.
In other news it seems GM has put together a web site and viedo to convince the public that they need the bailout money. There has even been rumblings of people seeing paid advertisements from GM directing the public to the site. Hmm. I wonder how much all that costs.
November 19th, 2008 at 7:25 pm
Ford may win if the bail out fails. I thought it an interesting twist.
November 19th, 2008 at 10:20 pm
Good article! Ford’s current offerings are uninspiring and I’ve thought for a while that they should bring over some of their more successful European small car offerings… and the Falcon from Australia. It sounds like Ford may actually be learning something form this market: “We are shifting from an emphasis on large trucks and SUVs to a more balanced portfolio”
November 20th, 2008 at 12:41 am
Had the learned that lesson a little sooner they would be in even better shape then they are now. Noted they are not in good shape now but they are better off then GM & Chrysler.
I was shocked to find that Ford was better off, possibly enough so to winter the recession and come out a head in the long run.