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March 30, 2009

"T'anks a Lot"

...is no longer just for expressing gratitude.

GM CEO forced out; stocks likely to plunge

Since January 20th, it's more of a "result".

Posted by tree hugging sister at March 30, 2009 08:12 AM

Comments

At 8:38 am GM is down 20 percent and Ford is down seven percent in pre-market trading.

This can't be disguised as anything other than a full out power grab. The Won thinks he knows better than a guy who has spent 30 years in the auto industry. Yikes. And why isn't he leaning on the UAW?

Posted by: Retread at March 30, 2009 08:41 AM

This isn't a power grab. This is all theater. GM was getting nowhere with the UAW. Wagoner is just falling on his sword. This move will end up giving GM the cover they need to move most or all of their manufacturing to Mexico and Canada.

Posted by: Rob at March 30, 2009 12:36 PM