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GM's Rick Wagoner Arrives At Capitol [Carpocalypse Now]

GM CEO Rick Wagoner just showed up to Capitol Hill driving the Chevy Volt mule. No clue where the other CEOs are.

We kind of hope the Chrysler Aspen hybrid carrying Bob "The Builder" Nardelli made it. Ford CEO Alan Mulally may have accidentally gone to the Senate Armed Services Committee, so someone should check up on him.

But, according to Wagoner, there's one overwhelming reason why America needs to save their automakers:

"It's very important for the U.S. to have a home team in the global auto industry..."

Photo Credit: Win McNamee / Getty Images News



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Deutsche Bank Views GM Stock As Worthless, Sets $0 Price Target [What A Bunch Of Overpaid Deutsche-Bags]

Looks like Deutsche Bank's finally jumping on the whole "GM doesn't have money to pay the rent past December" bandwagon, issuing a price target of $0 on GM stock in light of a likely bankruptcy filing without federal intervention. As a result, GM shares are now down over 27% in morning trading. We're glad to see analysts at huge global financial institutions with millions of dollars in resources are finally on the same page as a car blog with a silly name. [Marketwatch]



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