A lot of other things come along with Chapter 11, which basically end up in a lot of pain.
G. Richard Wagoner, Jr.On Friday I was in Washington for a meeting with Administration officials. In the course of that meeting, they requested that I "step aside" as CEO of GM, and so I have.
G. Richard Wagoner, Jr.Generally, cars were not built to sit on dealer lots. It encourages the wrong kind of behavior in the whole system.
G. Richard Wagoner, Jr.