The Obama administration unveils its restructuring plan for the troubled auto industry today, and in a surprise move, GM's Chief Executive Rick Wagoner will be stepping down, too. For an analysis, The Takeaway talks with New York Times Senior Business Correspondent Micheline Maynard in Detroit and Sheryl Gay Stolberg who is covering the story from D.C.
For more, read Sheryl Gay Stolberg's article, U.S. Moves to Overhaul Ailing Carmakers
and Micheline Maynard's profile of Wagoner, The Steady Optimist Who Oversaw G.M.’s Decline
, both in the New York Times.
"The feeling was that, as the White House officials said, they needed a clean sheet. But you might say it more simply that someone's head had to roll."
—New York Times correspondent Sheryl Gay Stolberg on Rick Wagoner leaving General Motors