The company is pleased with its strong sales outside of North America, Wagoner said, and with its growing momentum in the U.S., driven by products like the redesigned Cadillac CTS. He added that early reaction to the redesigned Chevrolet Malibu sedan and to new hybrid versions of the Chevy Tahoe and GMC Yukon were also positive.

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After being criticized during their last trip for arriving in Washington in corporate jets, Mulally and Wagoner are driving to the nation's capital in hybrid cars -- Mulally in a Ford Escape and Wagoner in a Chevrolet Malibu.

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