Hints and tips:
...Richard Wagoner’s week just went from bad to worse....
...Just hours after forcing Rick Wagoner out as GM chief, the Obama administration said it would let GM and Chrysler slide into bankruptcy if necessary to facilitate the industry’s restructuring....
...Additional reporting by Julie MacIntosh and John Reed...
...Rick Wagoner, GM’s chief executive, again said bankruptcy is “not our plan”. Chrysler said: “We are entirely focused on our request before the federal government....
...GM’s Rick Wagoner and Ford’s Alan Mulally agreed last week to accept salaries of $1 if they draw on federal aid. Chrysler’s Bob Nardelli already earns $1 a year....
...Mr Gettelfinger said on Friday that Rick Wagoner, GM’s chief executive, and Tom LaSorda, Chrysler’s co-president, had indicated that their chief concern was making payments....
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