1.
Mother said Josh Powell threatened her
WASHINGTON, March 29 (UPI) -- U.S. President Barack Obama said Sunday he is prepared to give struggling domestic automakers more in aid if companies make more sacrifices.
In an appearance on CBS' "Face the Nation," the president said General Motors Corp. and Chrysler LLC executives need to show they are willing to make a viable future for their companies.
Hours after the president's appearance, it was widely reported that GM Chairman and Chief Executive Officer Rick Wagoner is resigning immediately at the request of the administration. GM did not comment on the reports.
Obama told CBS he plans to outline a set of "sacrifices from all parties involved -- management, labor, shareholders, creditors, suppliers, dealers" that he would like to see met.
"Everybody is going to have to come to the table and say it's important for us to take serious restructuring steps now in order to preserve a brighter future down the road," Obama said.
GM and Chrysler have received more than $17 billion in federal bailout funds. Ford Motor Co. has not accepted any government aid.
|
|
|
|
|
|
| Additional Top News Stories | |
TACOMA, Wash., Feb. 9 (UPI) --
The mother of Josh Powell, who killed himself and his sons in a fire in Washington state, said in divorce papers he exhibited disturbing behavior as a teenager.
|
NEW YORK, Feb. 9 (UPI) --
Macaulay Culkin is in "perfectly good health," his publicist said after the former child star was photographed looking gaunt and disheveled in New York.
|
TEL AVIV, Israel, Feb. 9 (UPI) --
The Israeli government plans to build a floating liquefied natural gas terminal with a sea-based defense radar system off its Mediterranean coast while forming a naval force to protect its rich offshore gas fields against terrorist attack.
|
XINXIANG CITY, China, Feb. 9 (UPI) --
A set of parents in China said they expected a large baby, but they were shocked when their son came out weighing a potentially record-setting 15 1/2 pounds.
|
| Stories | Photos | People | Comments |
View Caption
