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Full Text Of The Not-So-Big Three Automaker Bailout Bill [Carpocalypse Now]

We're not usually ones for jamming our thumbs into our own eyes. Be that as it may, we're going to start sifting through the full discussion text of the automaker not-a-bailout bill entitled: "To authorize financial assistance to eligible automobile manufacturers, and for other purposes." Sounds thrilling, doesn't it? Read along with us here.



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CNBC: Lutz Calls Wagoner "Best. CEO. Ever." [Carpocalypse Now]

On CNBC this morning, GM product czar "Maximum" Bob Lutz said GM CEO Rick Wagoner is "without doubt the best CEO I've ever worked for." Well, duh. Have you seen the other CEOs he's worked for?

Bob Lutz Career Chronology:

1963 - 1971: GM
The CEO at GM for the first four years was Frederic G. Donner and James M. Roche for the latter half of Bob's time at GM Europe in the 60s and 70s. Ah, those were the days. You know, when GM was totally getting sued for making cars "unsafe at any speed."

1971 - 1974: BMW
While at BMW, the CEO was Eberhard von Kuenheim, who helmed the company from 1970 to 1993. During those 23 years, BMW went from 23,000 employees to 71,000 and annual revenue rose from €15 billion from €880 million. Maybe the best CEO Lutz has actually worked for, but this was in the 70s and he probably doesn't remember that far back.

1974 - 1986: Ford
Bob got to work with all sorts of fun folks like Lee Iacocca and Henry Ford II during some of the most tumultuous years of the automotive industry. Well, until this year. Also helming Ford were non-luminaries such as Phil Caldwell and Don Peterson. Remember them? Yeah, we don't either.

1986 - 1998: Chrysler
Heads to Chrysler to work with his buddy Lee again, then Bob Eaton. Gets to design the Dodge Viper (yay!) and the PT Cruiser (boo!)

1998 - 2002: Exide
Bob actually IS the CEO here, so presumably he believes Rick's better than he is. We've no doubt of this.

2002 - present: GM
Bob workin' it with "Slick" Rick Wagoner where the two get along like peaches n' cream.

[CNBC]



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Here is your chance of making your dreams come true and getting behind the wheels of the 2009 Dodge Challenger. Dodge is teaming up with MSN Autos to launch a Dream Design Drive Car Challenge. How...



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Segway sales rise as gas-prices increase

With gas-prices showing no signs of slowing down, more Americans are leaving their cars at home and jumping on Segways to save some money. Take 54-year old Scott Hervey for example. High-gas prices...



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GE to team up with Chrysler on plug-in hybrid system

It’s always a good idea not to burn your bridges. Chrysler’s CEO Bob Nardelli, a former GE executive, may use his connections to catch up in the plug-in hybrid race. GE and Chrysler may work together...



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More than 80% of Americans use cell phones while driving

A recent survey conducted by Nationwide Insurance found that more than 80 percent of Americans use their cell phones while driving. 46 percent of American’s between the ages of 16 and 30...



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Ford reports 12.1% decrease in April, major drop in SUV sales

FoMoCo said today that sales of its most profitable segments, pickups and SUVs, fell sharply in April. Blaming higher-fuel prices, Ford said that SUV sales fell 36 percent in April while pickups...



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Porsche seeking more power and influence at Audi

Three Porsche heads will join Audi’s supervisory board at its annual meeting on May 7. Porsche’s CEO Wendelin Wiedeking, CFO Holger Härter and the grandson of Porsche’s founder...



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Ferrari and Maserati post record 1st quarter results

While the rest of the automotive world is in panic, Fiat Group’s Ferrari and Maserati are kicking back and relaxing after reporting record results for the first quarter.Surprisingly with the...



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