The Detroit Free Press covers the White House’s instructions to General Motors and Chrylser, including the forced departure of GM’s CEO, Rick Wagoner.
U.S. shreds auto plans
Obama gives Chrysler 30 days to join Fiat, forces Wagoner out at GM
President Barack Obama will give General Motors 60 days to craft a new survival plan without Chairman and Chief Executive Rick Wagoner, and set a 30-day deadline for Chrysler to either partner with Fiat SpA or shut down.
Granholm: Wagoner ‘sacrificial lamb’
WASHINGTON — Gov. Jennifer Granholm says Rick Wagoner, the General Motors chairman and CEO forced out of his job in the Obama administration’s final effort to revive the ailing U.S. auto industry, is a “sacrificial lamb.”
- Wagoner’s fast rise, hard fall
- GM: 60 days to find fix
- Industry reactions to Wagoner’s ouster
- Ford execs: We want to steer clear of any aid
- Statements from Wagoner, GM board
- Henderson to lead overhaul of GM
Commentary:
- Tom Walsh: It’s been time for Wagoner to leave
- Mark Phelan: Fiat won’t cure Chrysler’s ills
- Susan Tompor: GM investors could see even more turmoil today
- Editorial: U.S. can’t run auto companies
Detroit News:
Obama forces Wagoner out at GM
Chrysler gets 30 days to complete Fiat deal, GM 60 days to restructure
In a dramatic development on the day before President Barack Obama was to unveil his plan for the auto industry, General Motors Corp. Chairman and CEO Rick Wagoner stepped down after the administration asked him to resign. – 03/30/2009
