Rick Wagoner Reported to Be Leaving General Motors

Reuters: CEO Set to Step Down Amid Bailout

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NEW YORK (AdAge.com) -- Rick Wagoner will reportedly step down from the CEO post at embattled General Motors Corp., according to Reuters.

Mr. Wagoner, 56, is cited in the report to be leaving after eight years, and a spokesman is said to have declined to comment.

The troubled automaker has been seeking government funding to keep it from bankruptcy. The beleaguered Mr. Wagoner has been the public face of GM in its quest for funding.

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