General Motors Vice Chairman Harry Pearce remains a candidate eventually to succeed Jack Smith as chairman, despite Rick Wagoner's promotion to CEO last week. Last month he talked with Staff Reporter Joe Miller about the future of GM. Edited excerpts follow.
You made some critical remarks in December about GM's market share.
Self-critical. When I made those remarks I was pointing at myself. We management must be accountable for our failings and mistakes.
But does GM have the structure and processes in place to improve that market share?
We have new products. We've got a lot of work that has been done and will be done in respect to ordering vehicles and the new vehicle sales, service and marketing organization.
So the market share staying below 30 percent in 1999 won't prompt another reorganization?
No. I think Ron Zarrella (president of GM North America) has the right business strategies in place in his marketing organization. There's a lot of enthusiasm to execute the changes quickly, and there is clearly a lot of enthusiasm over the product. At the end of the day, it's still product, product, product.