Moraine Assembly was a General Motors automobile factory in Moraine, Ohio , United States, a suburb of Dayton . A Frigidaire appliance plant had originally operated on the site from 1951 to 1979. Starting in 1981, the Chevrolet S-10 small pickup was produced. This same model was produced by Shreveport Assembly . In 1987 through 1994 the plant produced the rolling chassis for the Grumman LLV Postal Vehicle. From 2001 through 2008, the plant produced the GMT360 SUVs . The plant was closed in December 2008. In 2014, the facilities were acquired by Fuyao Glass to produce glass for vehicles.
23-572: On June 3, 2008, GM Chairman Rick Wagoner announced that the Moraine plant would close in December, citing high fuel prices and decreased demand for the SUV and trucks produced by the plant. There were no plans to reconfigure the plant to produce other products. The last vehicle that rolled off the line was a white GMC Envoy . Workers at the plant in Moraine were given a letter on October 3, 2008, informing them that
46-646: A payroll auditor in 1961, moving to its financial group in New York City in 1966. He went on to hold positions ranging from director of international planning to president of GM Canada , president of GM Europe and head of international operations. As CEO of GM, he undertook one of its most sweeping reorganizations, overturning a cumbersome and inefficient structure created in the 1920s by Alfred P. Sloan and left virtually unchanged since then. Starting with purchasing in 1992 and ending with engineering in 2003, he brought together separate overlapping functions related to
69-480: A single three-year stretch in the early 1990s, Wagoner and chairman John F. "Jack" Smith Jr. forced GM "back to basics" to battle "30 years of management mistakes" that left him with little room to maneuver. Wagoner became president and Chief Executive Officer in June 2000 and was elected chairman on May 1, 2003. Under his leadership, GM suffered more than $ 85 billion in losses. In an interview, Wagoner stated that
92-445: A subsequent meeting, the three CEOs drove from Detroit to Washington by hybrid cars. The BBC reported that Wagoner was popular among GM employees and reporters. However, it cites that he lacked the "ruthless streak needed to make the tough decisions required to bring GM back from the brink of bankruptcy." While analysts have praised Wagoner for operational improvements, cost-cutting moves and an increased focus on vehicle quality, with
115-602: Is a board member of ChargePoint , an electric vehicle infrastructure company. Wagoner was born in Wilmington, Delaware and grew up in Richmond, Virginia . He graduated from John Randolph Tucker High School there, where he was named "Best All Around" student in his graduating class. He received a BA in Economics from Duke University in 1975. He then attended Harvard Business School , from which he received an MBA in 1977. He
138-422: Is an American businessman and executive who formerly served as COO in 1992, CEO from 1992 to 2000 and then chairman of the board of directors of General Motors from 1996 to 2000. He later served as non- executive chairman of the board of directors of Delta Air Lines from 2004 to 2007. He also served as member of board of Procter & Gamble from 1995 to 2008 and also Suzuki Motor Corporation . Smith
161-468: Is an American businessman and former chair and chief executive officer of General Motors . Wagoner resigned as chairman and CEO at General Motors on March 29, 2009, at the request of the White House . The latter part of Wagoner's tenure as CEO of General Motors found him under heavy criticism as the market valuation of GM went down by more than 90% and the company lost more than US$ 82 billion. He
184-594: Is married and has three adult sons. While at Duke, he became a member of the Delta Tau Delta fraternity. Wagoner is a member of the boards of trustees of Duke University , Detroit Country Day School , the Board of Dean's Advisors of the Harvard Business School , and the board of directors of Catalyst. He is a member of The Business Council, The Business Roundtable , Detroit Renaissance Executive Committee, and
207-584: The Fuyao plant began in late 2015. Fuyao Glass America's first customer was Hyundai Motor Company ; additional clients added since startup include GM, Volkswagen , Fiat Chrysler , BMW , Honda , and US replacement-glass chain Safelite . The Fuyao plant employs over 2,000 workers. Carillon Historical Park in Dayton displays the final SUV made at Moraine Assembly next to the first windshield made by Fuyao Glass America. By
230-475: The Moraine Assembly plant open. The announcement that the plant will be closed much earlier than initially stated will further hurt our members, their families and a Dayton community already rocked by plant closings and layoffs." In 2014, GM Moraine Assembly was purchased from IRG by China-based Fuyao Glass Industry Group Co. Ltd. Fuyao manufactures automotive glass for GM and other automakers. Operations at
253-507: The Secretary of Energy Advisory Board. After Harvard, he joined GM as an analyst in the treasurer's office. In 1981, he became treasurer of GM's Brazil subsidiary and later served as managing director. In 1992, he was named GM's chief financial officer, in 1994 he became executive vice president and/or president of North American Operations, and in 1998 he was named president and chief operating officer. After GM lost $ 30 billion during
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#1732852016093276-564: The United States would close several plants and shed 25,000 employees (17% of GM's U.S. workforce) by 2008. The cuts will result in GM production reducing output by one million cars and trucks (from 6 million to 5 million). In the Automotive industry crisis of 2008–10 , Wagoner came under renewed pressure as GM sought financial support from the U.S. government in an attempt to avoid bankruptcy . During
299-482: The appointment of Bob Lutz to oversee product execution, others criticized him for his incremental approach to change, largely as he resisted making the drastic cuts demanded by the US government. Throughout the first months of 2009, Wagoner argued that a bankruptcy would be more costly than a government bailout. However, there remained lingering doubts that he was implementing the restructuring moves necessary to remain viable in
322-538: The bottom line went from near-bankruptcy losses to decent profits. After he relinquished the CEO position in 2000 to his personally selected successor, Rick Wagoner , he continued on as chairman to see his plan fully executed. Along with his chairmanship of Delta, Smith is currently a director of several other entities, including Procter & Gamble and The Nature Conservancy . Smith is a trustee of Boston University . This article about an American businessperson born in
345-466: The end of 2016 the plant brought an estimated $ 280 million to the Ohio economy. Fuyao has invested $ 1 billion in its U.S. subsidiary, with long-term plans to grow to 5,000 employees in the United States. 39°42′5.37″N 84°12′52.42″W / 39.7014917°N 84.2145611°W / 39.7014917; -84.2145611 Rick Wagoner George Richard "Rick" Wagoner Jr. (born February 9, 1953)
368-455: The future without further government loans. On March 29, 2009, Wagoner agreed to immediately resign his position as GM chairman and CEO, as part of the Obama administration deal to provide GM with further short-term financing. The following day, the US government rejected GM's initial restructuring plan and gave the company 60 days to come with a new proposal or be forced into bankruptcy. He
391-504: The latter half of 2008, Wagoner and GM maintained that bankruptcy was "not an option that GM is considering," despite rapidly running out of capital. This stance was called "presumptuous" by some observers. Within 9 months, GM was to declare bankruptcy. During hearings for government loans to the Big Three Automakers, Wagoner, Alan Mulally and Robert Nardelli were criticized for flying to Washington, D.C. in corporate jets. For
414-486: The plant would close in December. It stated that the final day of production would be December 23. At that time, the plant employed 2,400 people. Originally, General Motors had planned several shutdown weeks in December. However, Lee said there would be no temporary shutdowns and the plant would operate until December 23. IUE-CWA President Jim Clark said, "IUE-CWA is deeply disappointed in General Motors’ refusal to keep
437-467: The various divisions that formed the company, while also expanding operations into Asia. In this transformation, which included terminating the Oldsmobile brand, over 90% of core management positions were eliminated, corporate decision-making became faster and easier, production efficiencies and quality improved by spreading the lean manufacturing Toyota Production System from NUMMI , and, above all,
460-518: The worst decision of his tenure at GM was "axing the EV1 electric car program and not putting the right resources into hybrids . "It didn't affect profitability," Wagoner claimed, "but it did affect image". In April 2005, Wagoner took back personal control of GM's North American car division from GM North American chairman Bob Lutz and GM North American President Gary Cowger in light of its poor performance. In early June 2005, Wagoner announced that GM in
483-401: Was appointed a director at ChargePoint Inc., a Silicon Valley company that makes electric-vehicle charging stations. In 2018, Wagoner made an investment into YourMechanic , a Silicon Valley startup which connects owners with a group of certified mechanics, currently offering more than 800 repair services. John F. Smith Jr. John Francis " Jack " Smith Jr. (born April 6, 1938)
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#1732852016093506-653: Was born in Worcester , Massachusetts . He graduated from Saint John's High School in Shrewsbury, Massachusetts and later received his Bachelor of Business Administration from the University of Massachusetts Amherst in 1960 and his Master of Business Administration from Boston University in 1965. While at the University of Massachusetts Amherst he was initiated into the Kappa Sigma fraternity. He joined General Motors as
529-420: Was replaced as CEO by Fritz Henderson , who had been serving as GM's President and chief operating officer. After 32 years at GM, Wagoner retired with an exit package of over $ 10 million: $ 1.65 million in benefits per year for his first five years of retirement, $ 74,030 per year pension for the rest of his life, and a $ 2.6 million life insurance policy that can be cashed out at any time. In 2017, Wagoner
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