by Calculated Risk on 3/29/2009 06:08:00 PM
Sunday, March 29, 2009
From Bloomberg: General Motors Chief Rick Wagoner Said to Step Down
General Motors Corp. Chief Executive Officer Rick Wagoner will step down after more than eight years running the largest U.S. automaker ...It sounds like the next round of the auto bailout will be announced Monday.
The departure of Wagoner comes as President Barack Obama prepares an address tomorrow morning on his plans for the future of the U.S. auto industry. GM is surviving on $13.4 billion in U.S. loans and is asking for as much as $16.6 billion in additional aid to survive.
Posted by Calculated Risk on 3/29/2009 06:08:00 PM