The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.
On Monday, President Barack Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler. The plan is based on recommendations from the Presidential Task Force on the Auto Industry, headed by the Treasury Department.
The White House confirmed Wagoner was leaving at the government's behest after The Associated Press reported his immediate departure, without giving a reason.
Guess now we know what HopeandChange is.
A pistol was still smoking, a man lay on the floor
Mr. Oswald said he had an understanding with the law
He said he heard about a couple living in the USA
He said they traded in their baby for a Chevrolet
Let's talk about the future, now we've put the past away
Pay attention, everyone. Pay attention.
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