Finance and Business

On Sunday, the media reported that Rick Wagoner, the CEO of General Motor, agreed with his retirement order that given by the USA elected President Barack Obama, before Obama announced that US government has the package for rescuing the auto industry. The source who known as one of the White House official said Rick Wagoner [...]

Rick Wagoner, Chief Executive of GM said that if General Motors Corp. were forced into Chapter 11 bankruptcy protection, the company would end up being liquidated because a long bankruptcy would scare customers away. Rick Wagoner also said at a breakfast in Washington that restructuring the company out of court would accomplish 99 percent of [...]