This Time Big Three Auto Industry CEOs Drive to DC
December 4, 2008 - 1:21 PMEmbattled auto company chief executives scored some points with Congress by driving - instead of flying - to the hearings on a possible federal assistance package.
Sen. Richard Shelby, an Alabama Republican, remained dubious, though.
"I wonder if they're going to drive back?" he asked, to the sound of chuckles in the Banking Committee hearing room Thursday.
The heads of Ford Motor Co., General Motors Corp. and Chrysler LLC had taken a hit last month when they traveled to the capital on their private jets to plead for a federal bailout.
The auto executives this time made the 520-mile trip to Washington in hybrid cars. Underscoring the different approach, GM chief executive officer Rick Wagoner and other executives with his company ate lunch Wednesday at Quiznos at a Pennsylvania rest stop along the way.
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