Report: General Motors' CEO resigning - Fox29 WFLX TV, West Palm Beach, FL-news & weather

Report: General Motors' CEO resigning

Posted by Rachel Leigh email

(WFLX) - General Motors CEO Rick Wagoner is reportedly stepping down. This just one day before President Obama is set to unveil his plan to reinvigorate the U.S. auto industry.

The president and other administration officials have said they would demand deeper restructuring from GM and Chrysler before they would get any more government loans.

Both companies are living on a total of $17.4 billion in federal aid.

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