Friday, December 12, 2008

Big Three auto CEO - From private jets to hybrid cars

The Big 3 have launched a massive campaign to repair their public image. In the latest automaker about-face, GM CEO arrived at the bailout hearings in a Chevy Malibu hybrid - jet not included.

Both Ford CEO and Chrysler CEO also drove - as in, no private jet - to the bailout hearings in hybrid cars made by their respective companies.
These moves come in the wake of massive public outrage at the Big 3 when its CEO's arrived in Washington for the first bailout hearings in private jets and without detailed plans for how they would handle the bailout money. Outraged headlines such as "Begging for public funds in private jets" popped up all over the media.

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