President Obama gave both GM and Chrysler failing grades for their use of the $17.4 billion dollars (yes, billion dollars) they have already received. This epic fail has caused GM CEO, Rick Wagoner, to resign. But the company is remaining faithful. GM has been given 60 days and Chrysler, 30, to redeem themselves before either can receive any more help.
Source: CNNMoney
Date: 03-30-09Link: Do or Die for GM and Chrysler
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