Messrs. Wagoner and Mulally drive to Washington

After being pilloried for flying corporate jets to Washington to beg for public funds to keep their companies afloat, Detroit executives are making the second trip to the capitol a big do-over. No more corporate jets for Detroit executives on a hat-in-hand trips. GM Chairman and CEO Rick Wagoner will drive a Chevrolet Malibu hybrid to Washington for Thursday’s Congressional hearings on bridge loans for the auto industry. Some of Wagoner’s staff may fly down, but the embattled chairman plans to take the wheel.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.