Local boy makes . . . bad?

by The Palimpsest Staff on November 17, 2008

The Central Virginia Progressive-The DAVISReport sends us Central Virginia Connection Alert to the Auto Crisis

Let me begin by saying that Rick Wagoner, Chairman of GM, is a nice man. A local kid, Rick was salutorian of Tucker High School’s class of 1973 and attended UVA. He has local family and is supportive of our local community.

I recall a short conversation I had with him at a Henrico County School function about six years ago when I asked him why there wasn’t more choice in smaller fuel efficient cars coming out of GM. His answer paraphrased from memory-People say they’ll buy them but consumer demand drives the product and Americans demand larger vehicles.

Sigh…

If your like me and want to learn the back story, the book below, without a crystal ball, totally nails today’s auto crisis. I hope someone has the author on a job short list post the eventual structural reorganization. As with most quagmires, this newest financial blackhole didn’t happen overnight and won’t quickly abate. Hold onto your wallet…

The DAVISReport

Doubleday Books | The End of Detroit by Micheline Maynard

Posted by www.EileenDavis.blogspot.com The Davis Report – The Voice of Central Virginia and the Capital City

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