American Turnaround (3/12/13)

No private investor in the world would put money into General Motors when it was going bankrupt, says former GM CEO Ed Whitacre. “The government did exactly the right thing” bailing out the company. The politically charged electric Chevy Volt made headlines during Whitacre’s tenure at GM, but in spite of the political hits the car took, Whitacre believed and still believes that “there’s a real future for electric vehicles.” To Whitacre, the Chevy Volt is an example of “a responsible corporation attempting to do the right thing and explore new technology.” As American manufacturing moves forward Whitacre believes we need to accept that “it’s a global economy” and adapt to it. A conversation with a global CEO on General Motors about his role in the 2009 bailout and the state of American manufacturing. This program was recorded in front of a live audience at The Commonwealth Club of California on March 12, 2013

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