GM Chairman/CEO Akerson Takes the New 2014 Corvette Stingray to Capital Hill

GM Chairman/CEO Akerson Takes the New 2014 Corvette Stingray to Capital Hill

Maybe it pays to be a lawmaker in Washington, D.C., at least if you are a Corvette enthusiast.

Legislators got a special treat Thursday when General Motors CEO and Chairman Dan Akerson showed up on Capitol Hill with a special treat – a Cyber Gray 2014 Corvette Stingray coupe.

Akerson was in town to talk to the nation’s leaders about the progress the company has made since the 2008-09 government bailout.

That progress includes the dazzling new Corvette Stingray, which has been the talk of car buffs since its unveiling in January.

GM officials said Akerson made the trip to show lawmakers how the carmaker has gotten better and redefined itself over the past four years.

“(Akerson) used the opportunity to talk about the new company and where GM is today,” a communications official for GM said.

Milestones achieved by the new GM in 2012 include reacquiring Ally Financial Inc., to gain more control over lending and leasing to potential buyers, de-risking its pension plan by $29 billion for salaried employees and retirees, running up 12 straight profitable quarters, and reacquiring 200 million shares of common stock from the U.S. Treasury Department.

The $85 billion bailout forced GM and Chrysler into government-backed bankruptcy but has allowed the two carmakers to rebound into profitability.

Photo Credit – Chuck Bell

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