General Motors, BorgWarner CEOs to speak at World Congress in Jan.

Key facts
  • What: Automotive News World Congress

  • When: Jan. 14-17, 2002

  • Where: Hyatt Regency Dearborn, Dearborn, Mich.

  • Extras: Gala dinner Wednesday, Jan 16. Tour of the North American International Auto Show Thursday, Jan. 17

  • Cost: $1,195 early-bird registration before Dec. 1; daily fee, $695

  • Sponsors: Automotive News and PricewaterhouseCoopers in cooperation with ERIM Center for Automotive Research

  • For information: Call 734-622-6649 or toll free (866)ERIMCAR or log onto

  • General Motors was in a tough position even before the Sept. 11 terrorist attacks. Its share of the U.S. light-vehicle market slumped to 27.5 percent in August and the price of its common stock languished just above $51 a share.

    But GM quickly launched zero-percent financing when it looked as if the vehicle market was sliding and agreed to buy key assets of Daewoo Motor Co. as part of a global alliance strategy.

    GM CEO Rick Wagoner will be a keynote speaker at the opening-night dinner of the 2002 Automotive News World Congress on Jan. 14.

    The theme of the 2002 congress is "Meeting the Challenge of a Connected World. "Joining Wagoner as keynote speaker will be BorgWarner Inc. CEO John Fiedler, who faces different

    challenges.

    The biggest is maintaining BorgWarner's strong financial position in the face of price cuts demanded by automakers and the uncertainty of short-term auto production. A long-term challenge for BorgWarner, which supplies transmissions, engines and powertrain assemblies to automakers, is to improve fuel efficiency and reduce emissions by using electronics in turbochargers and transmissions.

    Fiedler, who is expected to retire in 2003, joined BorgWarner as president and COO in 1994. In 1995 he was named president and CEO and in 1996 became chairman.

    Before joining BorgWarner, Fiedler spent 29 years with Goodyear Tire and Rubber Co, where he was executive vice president in charge of North American Tires.

    Wagoner began his GM career in 1977 as an analyst in the Treasurer's Office in New York. He held a variety of financial positions with GM in Brazil, Europe and Canada before returning to the United States as CFO in 1992. He was executive vice president of GM and was president of North American Operations from 1994, and in 1998 became president and COO of GM. Wagoner became president and CEO on June 1, 2000.

    The Automotive News World Congress will be Jan. 14-17 at the Hyatt Regency Dearborn in Dearborn, Mich.

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