Ironworks Gaming Forum - GM CEO forced out as U.S. readies more auto aid

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GM CEO forced out as U.S. readies more auto aid

Ouch. I guess if the government is footing the bill...

Wonder what would happen if the union was told to resign?

Quote:

"We had feared the Obama administration may force some of the executives out. But we don't really see how this would make GM the better, stronger company that Obama wants it to be," said Rebecca Lindland, director of IHS Global Insight.

http://news.yahoo.com/s/nm/20090330/bs_nm/us_autos_5

Re: GM CEO forced out as U.S. readies more auto aid

Union Joe would never let that happen. Of course the workers and their unions, don't make the decisions which lead to a company losing 95% of it's value and needing bailut funds. If heads didn't roll, Obama's political enemies would be squawking about just the same. Much Ado About Nada!

I heard on the TV news a bit ago the gov doesn't think Chrysler is worthy of bailoutout loans and will let them go bankrupt.

My family is buying a new vehicle soon and we have had at least one Chevy in the garage since I can recall.

I'm shocked and a more than a little humbled that it now looks like Ford is running my type of business, one that doesn't need more bailout funds. Times, they are changing!

Re: GM CEO forced out as U.S. readies more auto aid

Reads like Fiat is going to take on Chrysler debt through a merger.