WASHINGTON (Reuters) - General Motors Corp Chief Executive Rick Wagoner resigned under pressure from the Obama administration on Sunday as the government prepared to announce a second bailout for the company and its smaller rival Chrysler LLC.
Reuters: U.S., Reuters: Nation
Sun, 03/29/2009 - 5:38pm
WASHINGTON (Reuters) - General Motors Corp Chief Executive Rick Wagoner resigned under pressure from the Obama administration on Sunday as the government prepared to announce a second bailout for the company and its smaller rival Chrysler LLC.