Influential Wisconsin megadealer John Bergstrom will close four of his six Saturn stores by April 15 and#x2014; a sign that even General Motors' biggest and best-connected retailers see little hope for the brand.
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General Motors CEO Rick Wagoner resigned under pressure from the Obama administration as the government rejected the viability proposals of GM and Chrysler LLC. Wagoner, a career GM executive and CEO since 2000, stepped down as the top U.S.
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General Motors CEO Rick Wagoner has resigned under pressure from the Obama administration as the government prepares to announce today a second bailout for the company and Chrysler LLC.
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General Motors and Chrysler LLC will each be given capital and time to accelerate their attempts to restructure and survive, according to a government aid plan set for release today.
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Rick Wagoner is stepping down as chairman and CEO, effective immediately. Wagoner, 56, was named president and CEO of General Motors in 2000, and assumed the role of chairman in 2003.
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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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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 Obama administration will set a strict deadline for General Motors and Chrysler LLC to reach cost-cutting deals with creditors and their major union even as it extends more aid to the automakers, the New York Times reported.
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President Barack Obama will announce the next steps to help General Motors and Chrysler LLC on Monday, the White House said, amid signs of progress for GM in talks aimed at slashing its debt and cutting costs in response to slack demand.
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President Barack Obama will announce the next steps to help General Motors and Chrysler LLC on Monday, the White House said, amid signs of progress for GM in talks aimed at slashing its debt and cutting costs in response to slack demand.
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President Barack Obama will announce the next steps to help General Motors and Chrysler LLC on Monday, the White House said, amid signs of progress for GM in talks aimed at slashing its debt and cutting costs in response to slack demand.
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General Motors executives are hammering out what will be the company's third survival report, to be submitted to the U.S. government next week. GM will give the document to President Barack Obama's task force on March 31.
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General Motors executives are hammering out what will be the company's third survival report, to be submitted to the U.S. government next week. GM will give the document to President Barack Obama's task force on March 31.
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General Motors has mandated Commerzbank to help find a new investor for its Opel unit, a source said. A person with knowledge of the process told Reuters: "Commerzbank has received a mandate from GM."
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