WRAPUP 4-Obama orders tough medicine for GM, Chrysler

Newswire

* White House rejects U.S. autos turnaround plans * Obama administration forces ouster of GM's Wagoner * Major indexes lower, bankruptcy fears high * France's PSA Peugeot Citroen ditches CEO Streiff (Adds U.S. stock moves, analyst on bankruptcy) By Kevin Krolicki and John Crawley WASHINGTON, March 30 (Reuters) - President Barack Obama seized the wheel of the failing U.S. auto industry on Monday, forcing out General Motors Corp's chief executive, pushing Chrysler LLC toward a merger ...

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