eWoss Home
  
Make eWoss Your Homepage
Business News
Latest Business News
Economic Figures
Dollar & Gold News
Board of Trade News
Personal Finance

eWoss News
Breaking News Headlines
Top News Stories
U.S. National News
World News
Sports News
Business News
Entertainment News
Tech Industry News
Political News
Science News
Health News
Weird News

Latest Business News

GM says CEO will drive to Washington

Tuesday, December 02, 2008 9:06:02 AM

DETROIT (AP) - A General Motors spokesman says Chief Executive Rick Wagoner will travel to Washington, D.C., later this week by car instead of flying a commercial airline or corporate jet.

Spokesman Tony Cervone says Wagoner will drive in a Chevrolet Malibu hybrid sedan when he makes the 520-mile trek from Detroit to Capitol Hill.

Ford Motor Co. CEO Alan Mulally also is driving from Detroit for a second appearance before two legislative committees to seek $25 billion in government loans. Chrysler LLC CEO Robert Nardelli will not travel by corporate jet. A spokeswoman says his travel plans will remain secret for security reasons.

All three executives are returning to Congress for hearings on Thursday and Friday. They are seeking the bailout loans to help them through the recession and the worst sales downturn in 25 years.

Lawmakers criticized the CEOs last month for traveling in separate private jets to seek the loans.


Other Latest Business News

Madoff 'victims' do math, realize they profited 7:36PM CT
Citi reaches deal with lawmakers on home loans 6:26PM CT
More than 100 Rome flights canceled by protest 6:23PM CT
Chevron sees lower profit in fourth quarter 5:50PM CT
Stores' dismal December means prices should fall 5:27PM CT
Job cuts reach into oil sector 5:24PM CT
FDA backs Vytorin after finishing study review 5:22PM CT
Nasdaq CEO sees market role in financial crisis 5:04PM CT
Treasurys mixed after strong 10-year note auction 5:01PM CT
5 reasons to consider dumping a mutual fund 4:51PM CT

  

© 2004-2007 eWoss.com. All trademarks are the property of their respective owners. All Rights Reserved.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.