F&I Management & Training

NEW YORK -- 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. Wagoner came under fire for his stewardship of GM late last year when U.S. lawmakers debated a bailout for the automaker. He has repeatedly said that he intended to stay on, and GM's board has offered unanimous support for him.A senior Obama administration official told NBC's John Yang that Wagoner was asked to step down by the administration.The automaker, which hasn't posted a profit since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S. aid. GM is surviving on $13.4 billion in U.S. loans.

DATED: 30.03.09

FEED: ANE