GM CEO Asked to Step Down by the White House

March 30, 2009

The Chief Executive of the auto giant is asked by the White House to step down. Wired PR News – The White House has requested that the Chief Executive of auto giant General Motors Corp. step down. As reported by the Associated Press (AP), CEO Rick Wagoner is set to immediately obey the request in […]

Auto Makers May Have to Settle for ‘Orderly Bankruptcy’

December 19, 2008

The current administration is looking at an orderly bankruptcy as a possible solution for auto industry troubles. Wired PR – The White House announced on Thursday that the current administration is considering an ‘orderly bankruptcy’ to assist automakers in need of a financial bailout. As reported by the Associated Press (AP), as automakers await […]

Auto Industry Bailout – It May Be a Go After All

December 13, 2008

Automakers may receive long awaited assistance after all with emergency aid from White House. Wired PR – With the recent death of a bill put forth for Congress’ approval to provide the auto industry with much needed assistance, many were left wondering what the future would hold for automakers. As reported by the Associated […]

Emergency $15 Bln Auto Bailout Proposal Sent to White House

December 9, 2008

Congress sent an emergency bailout package proposal for automakers to the White House on Monday.  Wired PR –As reported by the Associated Press (AP) the $15 billion plan included a “car czar” provision for oversight to ensure the auto industry makes appropriate changes and restructures itself. The plan also included details for President George […]

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