Homepage / Automotive
Related To Story
Chevy cars
AP Photo/David Zalubowski
AUTO BAILOUT


| More


Auto Industry Plans Carpool To Washington

Automaker CEOs' Past Mode Of Travel Criticized

POSTED: 9:53 am MST November 24, 2008
UPDATED: 2:26 pm MST November 24, 2008

When the CEO of General Motors heads back to Washington to seek a federal bailout, he won't be flying on a private jet.

But that's all that GM is saying about the travel plans of Rick Wagoner. He and the heads of the other two auto giants were criticized and ridiculed for using private jets to go to Washington last week to ask for federal help for their companies.

A Chrysler spokesman won't comment on CEO Bob Nardelli's travel plans. Ford said no decision has been made on how CEO Alan Mulally will go.

But they might decide to carpool.

Auto industry officials have been e-mailing and discussing how to set up a giant car caravan that would carry the CEOs, car dealers and the United Auto Workers back to Washington to ask for help from Congress.

Dura Automotive Systems CEO Tim Leuliette said the idea "really picked up momentum over the weekend."

NBC's "Saturday Night Live" on Saturday had a skit that made fun of the idea of the CEOs carpooling to Washington. It included the CEOs having car troubles and getting lost.

Automakers said they need $25 billion in loans to help them survive the worst sales environment in more than 25 years. But their appearance before Congress last week was disastrous. Lawmakers have demanded restructuring plans by Dec. 2, with hearings to follow.

President-elect Obama said Monday he's surprised the CEOs didn't have a better proposal in place the first time.


2010 Cars

Car
A lot of familiar cars are getting a facelift for 2010, and several all-new models will soon be driving around your neighborhood. Get a sneak-peek at the newest hardware here. More

Links We Like

Sponsored Content
Employers generally have options when it comes to hiring. Makes sure you present yourself as professionally as possible, or else. More

To get the most out of your remodel, check out these 10 home updates that have the biggest payoffs when it comes time to sell your home. More

The first step in reducing debt is recognizing how much you have. Let us help you with the rest and get out from under your debt in 12 months. More

Do you want the look of a quality paint job without the hassle of having to redo it over and over? Spray on siding could be the answer. More

Sponsored Links

CBS 5 Gas Tracker

Which service stations sell the cheapest gas? What are gas prices doing in my zip code? Use our new mapping and charting tools before getting that next tank of gasoline. More


Gas Price Calculator

Gas prices
Before you fill up for your next trip, prepare your pocketbook with our gas price calculator. More

Find Your Next Car



Auto Insurance

Getting a great rate on your car insurance doesn't have to be difficult. Follow these three simple steps and start saving today. More