On Friday I was in Washington for a meeting with Administration officials. In the course of that meeting, they requested that I "step aside" as CEO of GM, and so I have. Fritz Henderson is an excellent choice to be the next CEO of GM. Having worked closely with Fritz for many years, I know that he is the ideal person to lead the company through the completion of our restructuring efforts.
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At least five Formula 1 teams have already turned their attention to copying the Brawn GP diffuser design, according to gossip as the Albert Park paddock packed up ahead of this week's dash to Malaysia.
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I'm told this is 'the most fuel efficient SUV'. The 2009 Ford Escape Hybrid is definitely a competent vehicle, though its green technology only shines under certain driving conditions. My all-wheel-drive Escape Hybrid test vehicle trekked well on the West Coast through abnormal dumps of snow and sheets of ice, despite being fitted with just all-season tires (which, for 2009, have less rolling resistance).
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General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said.
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General Motors CEO Rick Wagoner will resign under pressure from the Obama administration as the government prepares to announce Monday a second bailout for the company and Chrysler LLC.
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General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, according to two people familiar with matter.
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General Motors CEO Rick Wagoner is about to resign from the top job after an eight-year tenure at the struggling automaker, media reports said.
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President Barack Obama said in an interview broadcast today that struggling U.S. automakers had not done enough yet to become "lean, mean and competitive" under federal oversight.
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Departing PSA/Peugeot-Citroen CEO Christian Streiff defended his record at the French carmaker after being fired on Sunday by the company's board. Streiff said his policies had allowed the PSA group to be "well equipped to face the crisis."
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Christian Streiff, CEO of PSA/Peugeot-Citroen, has been removed from his position, the company announced on Sunday. Streiff will be replaced by Philippe Varin, currently CEO at Corus, a steel company.
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U.S. Treasury Secretary Timothy Geithner said today that the government is ready to help Chrysler LLC and General Motors restructure, but he declined to comment in detail on new steps expected to be announced by the White House Monday.
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U.S. Treasury Secretary Timothy Geithner said today that the government is ready to help Chrysler LLC and General Motors restructure, but he declined to comment in detail on new steps expected to be announced by the White House Monday.
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Germany's economy minister said on Sunday that there were a host of investors interested in General Motors' Opel unit, but warned they could not expect Berlin to assume all the financial risks linked to the company.
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General Motors chairman and CEO Rick Wagoner has agreed to "step aside" after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid.
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The boards of Chrysler LLC and Fiat SpA have given executives approval to complete an alliance deal that hinges on the terms for additional aid for the Detroit automaker, according to people with knowledge of the discussions.
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The boards of Chrysler LLC and Fiat SpA have given executives approval to complete an alliance deal that hinges on the terms for additional aid for the Detroit automaker, according to people with knowledge of the discussions.
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The 2009 championship opener on Sunday lived up to its pre-season hype, with Jenson Button leading an eventful Brawn one-two at Albert Park.
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After watching his Virgin logos speed to one-two victory at Albert Park, Sir Richard Branson hinted his next step could be into the world of formula one team ownership. Meanwhile, the team has confirmed the British team has decided to shed nearly 40 per cent of its workforce.
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After watching his Virgin logos speed to one-two victory at Albert Park, Sir Richard Branson hinted his next step could be into the world of formula one team ownership.
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Canada could be set for a shock return to the formula one calendar, local Reseau des Sports cable channel reported on Sunday.
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