We are shocked! We are saddened! We are frustrated! We are amazed! We are disappointed!
Rick Wagoner (seen here in better days), CEO of General Motors, was in effect, both heralded and vilified by the very same man, in today's presidential speech. He was, indeed, offered up by the Obama administration as a "sacrificial lamb" (quoting Michigan's Governor Grandholm).
The president spoke of how General Motors has impressed the world with its return to quality, pointing to the Buick Division's recent accomplishments! His words:
"No one can deny that our auto industry has made meaningful progress in recent years. Some of the cars made by American workers are now outperforming the best cars made abroad. In 2008, the North American Car of the Year was a GM. This year, Buick tied for first place as the most reliable car in the world."
Then, despite these remarkable signs of progress, further along in this same speech, the president said:
"However, after broad consultations with a range of industry experts and financial advisors, I'm confident that GM can rise again, provided that it undergoes a fundamental restructuring. As an initial step, GM is announcing today that Rick Wagoner is stepping aside as Chairman and CEO. This is not meant as a condemnation of Mr. Wagoner, who has devoted his life to this company; rather, it's a recognition that it will take a new vision and new direction to create the GM of the future."
In other words, great and significant progress was made under Mr. Wagoner's leadership, but based on our appointment of a non-manufacturing guy to oversee everything effective today, Rick just couldn't cut it!
This is wrong! The man who led the return to better quality and better designed cars (through his appointment of Bob Lutz), and the man who worked to accomplish what Congress (not the consumers) required (better fuel economy at any and all costs!!!), is relieved of his duties. The CorvetteBlog reacts, rejects, and denounces these actions.
For what it is worth, Mr. Wagoner, this was not the way to honor you for your prodigious accomplishments. We wish you better days ahead! Corvette will miss you.