WRAPUP 5-Obama orders strong medicine for GM, Chrysler

Newswire

* White House rejects GM, Chrysler plans * Obama administration forces ouster of GM's Wagoner * Obama backs tax incentives to spur US car sales * GM shares fall about 20 pct * Major U.S. indexes lower on bankruptcy fears (Adds comments from Obama, analyst, background) 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 ...

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