Detroit Auto Execs Lay An Egg

Thursday, November 20th, 2008

The CEOs of Detroit’s “Big Three” automakers (GM, Ford, and Chrysler) made their pilgrimage to Capitol Hill on Tuesday, to make a plea for their own bailout from the federal government. You’d have to say that their show was a flop; media coverage afterwards included accusations of “tone deafness”, together with particular scorn for the fact that the execs had each traveled to Washington to beg for public money on their company private jets.

The foreign press was watching this performance, too, and from the pages of France’s leading newspaper Le Monde, Dominique Dhombres did not even need any mention of the private jets to quite effectively skewer the auto-bosses with an article entitled Ask for pardon? Out of the question! (more…)

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