Mar 30

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GM CEO Ousted as Obama Details Auto Plan

After months of dire sales predictions and billions loaned in government aid, President Barack Obama laid out a series of tough terms for ailing U.S. automakers, including the ouster of General Motors CEO Rick Wagoner.

Ford, Toyota, Nissan, General Motors and Chrysler all posted record lows in their January sales reports Tuesday. The declines come at the end of a stretch of 15 months of plummeting sales that bring the companies' total losses near a…

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