General Motors Corp. (NYSE:GM) CEO Rick Wagoner should get some lessons in motivational speaking if he wants to fire up the carmaker's workforce to beat back Toyota Motor Corp.'s (NYSE:TM) challenge to its number one position in the market.
When the AP asked what he would do if Toyota becomes number one, he replied: "It won't be a happy day for me, but I've lost basketball games before in my life. You get ready and you learn and you go back the next day, and that's what we'll do. We're going to fight to keep the position, and if one day we lose it, we'll fight to get it back."
Wow, those are certainly not very inspiring words. Can you imagine if coach told his team that he wouldn't be "happy" if they lost? I hope Wagoner is more persuasive in private. A Toyota spokesman is equally disingenous when he told the wire service that, " a perceived sales challenge for global leadership is not something we're even thinking about." Toyota has already overtaken DaimlerChrylser (NYSE:DCX) and is now the third-largest automaker.
It annoys me when business executives deny the obvious. There are winners and losers in the real world, where people scratch and claw their way to the top. Toyota's challenge to General Motors is serious. The Japanese automaker is vowing to produce 9.42 million vehicles in 2008, exceeding the 9.2 million GM is estimated to have made in 2006, the AP said. Wagoner wouldn't reveal GM's product targets but said the company has the capacity to make more than 9.42 million cars, the wire service said.
Wagoner expects the market in North America to be healthier this year. He also says the company is hoping consumers will be attracted by the quality of its products rather than be steep discounts.











Reader Comments (Page 1 of 1)
1-05-2007 @ 2:35PM
John said...
I thought Wagoner's words were pretty strong and show he's got alot of fight in him and GM. His Duke basketball heritage and coach K's philosophy that you always fight hard even if temporarily beaten has served to inspire quite a few Duke teams to national prominence and championships even if coach K's words were not seen classic motivational lines. Perhaps it wasn't Vince Lombardi-esque but neither was it non-inspirational. From all I hear, Wagoner is pretty popular among GM workers and does serve as an inspiration to many of them....
1-05-2007 @ 7:03PM
Ron said...
After 50 years of driving, I purchase my first Import last September, a Toyota Prius. The U.S. auto makers are years behind both Toyota and Honda, shame on them. I drove Ford and Saturn Hybrids but they were not in the league with the Prius.