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GM boss to be removed
 The chief executive of US car giant General Motors (GM) is to resign under pressure from the White House, Obama administration officials have said.Rick Wagoner's removal comes hours before Barack Obama, the US president, is to unveil a second bailout for GM and its smaller rival Chrysler. Wagoner, who has helmed the largest US carmaker for eight years, had said last week that he had no plans to quit, but was asked by the White House to go, said US media citing administration officials. The GM chief executive and chairman came under fire for his leadership of ailing company late last year when US politicians debated a bailout for the carmaker.
Posted by: Fred 2009-03-30 |
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| http://www.rantburg.com/poparticle.php?ID=266369 |