Obama: Wagoner departure means GM needs new vision

Newswire

WASHINGTON, March 30 (Reuters) - U.S. President Barack Obama said on Monday Rick Wagoner's departure as General Motors' chairman was a recognition that the company needs new direction even as he said the government did not want to run GM. A day after the White House let out word that Wagoner would be stepping down, Obama said the executive's departure was not meant as a condemnation. "Let me be clear: the United States government has no interest or intention of running GM," Obama said, ...

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