Rick Wagoner is running short of time and options to save General Motors and salvage his legacy as leader of the world's biggest automaker.
Wagoner also earned credit for negotiating a new contract last year with the United Automobile Workers union that reduced wages for new hires and created a trust to administer health care costs for retirees.
But shrinking GM has not been enough to counteract the effects of rising gas prices on sales of trucks and sport utility vehicles, and tightening lending standards for people who want to buy new vehicles.
1 comments:
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