Monday, November 24, 2008

Auto Execs May Carpool to Next Hearing

They won't be arriving on luxury jets, they're planning to carpool, just like on SNL. Let's see if this time they'll have a plan.
AP: After being skewered by Congress and lampooned on NBC's "Saturday Night Live," the CEOs of Detroit's three automakers may end up making their return trip to Washington by car as they seek a federal bailout.

The Detroit area's auto industry, whose livelihood depends on the health of Chrysler LLC, Ford Motor Co. and General Motors Corp. spent the weekend e-mailing and discussing how to set up a giant car caravan to seek help from Congress.

What's for certain is GM CEO Rick Wagoner won't be going to Washington by corporate jet, although the company's policy is not to comment on executive travel plans for security reasons, said spokesman Tony Cervone. A Chrysler spokeswoman wouldn't comment on executive travel plans, and a message was left for a Ford spokesman.