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Wagoner Out as GM CEO; Obama to Provide Details on New Auto Aid on Monday

Green Car Congress

MARCH 29, 2009

The Detroit Free Press reports that the Obama Administration has asked GM CEO Rick Wagoner to resign, which Wagoner agreed to do today. Not since President Franklin Roosevelt considered taking control of Ford Motor Co. Tags: Brief. GM is not commenting on the reports. No successor has been named yet.

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Federal Bankruptcy Court Approves GM Asset Sale to New GM

Green Car Congress

JULY 6, 2009

Judge Robert Gerber of the US Bankruptcy Court for the Southern District of New York approved the sale of substantially all of General Motors Corporation’s assets to NGMCO, Inc., will change its name to General Motors Company and continue to operate under GM’s historic corporate and sub brands. Whitacre, Jr.

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