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Heeding the advice of fed-up Congressmen (most notably New York Democrat Gary Ackerman), both GM's Rick Wagoner and Ford's Alan Mulally will be arriving in Washington not via jet plane but--gasp--by the very vehicles they build! Quite a marvel, isn't it? Wagoner is said to be driving to Washington in a Chevrolet Malibu Hybrid according to the Associated Press, while Ford will ship Mulally off in a Ford Escape Hybrid, says Automotive News. To be sure, the decision to drive is a considerable and laudable sacrifice, as the journey from Detroit to Washington is estimated at nine hours. That leaves the CEOs plenty of time for reflection and preparation as they plead for their companies' very existence before Congress.
Earlier today, we reported that GM has decided to abandon its corporate jet fleet, and it seems Ford Motor Company has followed suit and is "considering selling its fleet of five corporate jets," according to Automotive News.
They also claim that Chrysler has not revealed how CEO Bob Nardelli will get to Washington, but a spokesman said he won't be arriving in a private jet. Elsewhere, Ford CEO Alan Mulally has agreed to take a $1-per-year salary, and Detroit News says GM's Wagoner has also stipulated a $1-per-year salary in the 37-page plan that outlines the company's cost-cutting strategies for survival in a brutal market.--Colin Mathews