NPR logo

Obama Announces Plan To Restructure GM, Chrysler

  • Download
  • <iframe src="https://www.npr.org/player/embed/102500745/102500743" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
Obama Announces Plan To Restructure GM, Chrysler

Economy

Obama Announces Plan To Restructure GM, Chrysler

Obama Announces Plan To Restructure GM, Chrysler

  • Download
  • <iframe src="https://www.npr.org/player/embed/102500745/102500743" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

At the White House on Monday, President Obama announced the details of a sweeping, rigorous plan to restructure General Motors and Chrysler. This follows Sunday's ouster of GM CEO Rick Wagoner by the White House.

The administration is giving the automakers no more than two months to fix their problems. Even then, the White House says, it may force the companies through a quick bankruptcy.

We no longer support commenting on NPR.org stories, but you can find us every day on Facebook, Twitter, email, and many other platforms. Learn more or contact us.