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I gues when the boss says drive - you do - wet roads or not.....
DETROIT Apr 4, 2005 — General Motors Corp. chairman and chief executive Rick Wagoner said Monday he will take over daily responsibility of the huge automaker's struggling North American division.
GM North American chairman Bob Lutz and GMNA President Gary Cowger will relinquish those roles and focus full-time on global product development and global manufacturing and labor, respectively, the company said.
The world's biggest automaker recently slashed its earnings outlook for 2005, citing slumping North American sales of its sport utility vehicles and trucks, along with weaker-than-expected business in the car line.
Caption for photo:
General Motors Chairman Rick Wagoner leads a parade of 70 Chevrolet SSR vehicles from GM headquarters at Detroit's Renaissance Center Friday, Aug. 20, 2004, in a photo provided by General Motors. General Motors is in the third position on the Fortune 100 list of top U.S. companies. (AP Photo/General Motors, Joe Polimeni)
In other news:
General Motors executives, Brent Dewar, (L), and Steve Tihanyi join Major League Baseball president Bob Dupuy and Executive VP Tim Brosnan (R) astride a Chevrolet SSR at a press conference to announce Chevrolet's sponsorship deal to become the official vehicle of Major League Baseball in New York, March 23, 2005. REUTERS/Jeff Zelavansky/HO
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