"DETROIT — The chairman and chief executive of General Motors, Rick Wagoner, resigned Sunday as part of a broad agreement with the Obama administration to funnel more government aid to the ailing auto giant, according to people close to the decision. Mr. Wagoner, who has served as G.M.’s top executive since 2000, agreed to step down after it was requested by the president’s auto task force, these people said." - Steven Perez from Bookmarklet

Yea! - ‘-.-’ Tutivillus Grift

Finally! - Gavin

And, yes, this is the man who gave the world that most useless of vehicles - the Hummer. For that alone, I'd have fired his ass years ago. - Steven Perez

So who will take his place? Will that person be any better? - Styx Bernhard

Dunno. Guess we'll find out more tomorrow when Obama makes the official announcement. - Steven Perez

:-( - Mattie Kenny from fftogo

You know, the reason why I'm skeptical is that they basically have only two options: Either they promote someone who is already at the upper end of the GM hierarchy and most likely was part of the decision making processes that got GM where it is today; or they send in an outsider who's not familiar with GM's inner workings. Either way I don't see much potential for a rapid turnaround. - Styx Bernhard