VOICED: GM loses its CEO as Obama ups pressure on automakers

VOICED: GM loses its CEO as Obama ups pressure on automakers

Assessment

Interactive Video

Social Studies

10th Grade - University

Hard

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The White House expressed dissatisfaction with the auto industry's lack of a viable recovery plan despite receiving federal aid. President Obama demanded accountability, leading to Rick Wagoner's resignation as GM's CEO. The administration gave GM and Chrysler deadlines to restructure, with Chrysler needing to finalize a deal with Fiat. Obama assured the auto industry's survival but emphasized accountability, warning of bankruptcy if conditions weren't met. GM and Chrysler had already received $17 billion and sought $20 billion more, with new compliance rules in place.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How much federal assistance had GM and Chrysler received by December?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What warning did President Obama issue regarding GM and Chrysler's compliance?

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