Sunday, March 29, 2009
GM: Obama administration to make announcement on restructuring soon
The Detroit News
General Motors Corp. issued a brief statement Sunday saying it expected an announcement soon from the Obama administration regarding the U.S. auto industry’s restructuring but declined to comment further.
"We are anticipating an announcement soon from the Administration regarding the restructuring of the [...]

Sunday, March 29, 2009
Wagoner forced out at GM
Christine Tierney and David Shepardson / The Detroit News
General Motors Corp. Chairman and Chief Executive Officer Rick Wagoner is stepping down immediately after being asked by the Obama administration to give up his position at the helm of the largest U.S. automaker, people familiar with the situation said.
Wagoner’s [...]

Staff and wire reports
Automotive News | March 29, 2009 – 5:29 pm EST
 
GM’s Wagoner to quit as Obama readies decision, sources say
 

queryvar=”gms,wagoner,to,quit,as,obama,readies,decision,sources,say”;

DETROIT — General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker’s request for additional government rescue loans, two people [...]