Monday, March 30, 2009

Obama Demands Changes at GM and Chrysler

Today President Obama outlined restructuring plans for auto-makers General Motors and Chrysler, which included the required resignation of GM Chairman and Chief Executive Rick Wagoner and the suggestion that Chrysler partner with Italian auto-maker Fiat. Read about these government ultimatums in the Detroit Free press.

In today's White House blog post, President Obama explains that these restructuring decisions are a response to his Auto Task Force's completed evaluation of the viability of General Motors and Chrysler. You can find a list of the members of this Task Force on the Treasury Department's website.

For specifics on the restructuring of GM and Chrysler, see these government documents:

To find additional resources about business, see our guide to Business and Economic Information.

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