General Motors Corp. chairman and chief executive Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday.
The news comes on the eve of U.S. President Barack Obama's unveiling of his plan to reinvigorate the U.S. auto industry.
Obama and other administration officials have said they will demand deeper restructuring from General Motors Corp. and Chrysler LLC before they get any more government loans.
President Obama is now in charge of GM (Government Motors). CEO Barack Hussein Obama ousts ex-CEO Wagoner and is planning to oust others. What happens next? Who knows?
No comments:
Post a Comment