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Is Wagoner Losing His Mind?
I seem to recall Milligram saying it was not about the number of cars but the profitability of them
Well, I agree.
Apparently Wagoner doesn't

GM's Wagoner Won't Concede Global Auto Lead to Toyota (Update2)
Jan. 5 (Bloomberg) -- General Motors Corp. Chief Executive Officer Rick Wagoner isn't willing to concede that Toyota Motor Corp. will pass his company as the world's largest automaker.

GM's global sales fell to about 9.10 million worldwide, from 9.17 million in 2005, Wagoner said yesterday. Toyota's 2006 sales grew 8 percent to 8.8 million, and it expects to sell 9.34 million vehicles this year.

``We're going to fight to keep the position, and if one day we lose it, we'll fight to get it back,' Wagoner told reporters at the company's headquarters in Detroit.


No Profit Forecast

Wagoner wouldn't say when GM might return to profit as it reduces costs, negotiates a new contract with the United Auto Workers and tries to resolve issues surrounding its largest parts supplier and bankrupt former subsidiary, Delphi Corp.

The automaker also must seek more cost savings this year from the United Auto Workers as it begins negotiations for a contract that expires in September, he said. The union already agreed to cuts in retiree health-care benefits and helped persuade 34,400 workers to take retirement incentives or buyouts.

``We don't just need to get profitable; we need to get in a position where we're generating significant cash flow because we put a lot of cash back into the business,' Wagoner said.

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